151 E Palm Lane Drive, Redlands, California 92373, Redlands, 92373 - 2 bed, 2 bath
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Redlands, California 92373
This Turnkey Townhouse is a Strong Value Opportunity, listed at $575,000—positioned slightly above the $552,274 Fair Market Value. While priced at market, the property offers a Condition Rating of 3, featuring recent carpet and flooring updates. Residents enjoy a Resort-Style Lifestyle with HOA-maintained pool, spa, and grounds, plus proximity to Redlands Unified Schools. The flexible bonus room provides rare potential for a third bedroom. This is an ideal acquisition for Owner-Occupants seeking a low-maintenance residence or first-time buyers prioritizing community and location.
Property is move-in ready.
Although built in 1975, the property is well-maintained and move-in ready. It features recent cosmetic refreshes including new carpet and LVP flooring. The kitchen and bathrooms, while slightly dated in style, feature stone countertops and functional cabinetry consistent with a 5-15 year old renovation cycle. The exterior and roof are managed by the HOA, ensuring the structural envelope remains in good condition.
Situated in a private 26-home enclave, this property offers exceptional proximity to downtown Redlands, the University of Redlands, and cultural landmarks like the Redlands Bowl.
The spacious 1,765 sqft layout includes a flexible bonus room that can be converted back into a third bedroom, offering rare adaptability for a single-story residence.
The association fee covers major exterior maintenance including the roof, insurance, and utilities like water and trash, providing a low-maintenance lifestyle with resort-style amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The $525 monthly HOA fee is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some perspective buyers.
As a townhouse with a modest 3,038 sqft lot, the property features an enclosed patio rather than a traditional backyard, which may limit options for gardening or large pets.
Welcome to Palm Lane Estates — one of South Redlands' best-kept secrets. Tucked inside a private enclave of just 26 homes, this residence offers something increasingly rare: a genuine sense of community, beautifully maintained grounds, and a location that places you minutes from everything that makes Redlands one of the Inland Empire's most beloved cities. Lantana plant, star jasmine, and lilies greet you at the front yard — a quiet first impression that sets the tone for everything this home has to offer: 1,765 square feet of single-level living with two bedrooms, two bathrooms, and a flexible bonus space off the family room that opens the heart of the home into something larger — a quiet place to work, read, or simply spread out. The space retains its original framing and can be restored to a third bedroom if the future calls for it. Out back, a private enclosed patio provides a peaceful retreat with room to unwind or spend time with friends around an outdoor fireplace. HOA amenities include a pool, spa, and clubhouse — the kind of resort touches that make everyday life feel a little more effortless. Recent refreshes include new carpet throughout the main living areas and bedrooms, new LVP flooring in the guest bath, and a newer patio cover. A quiet street, a tight-knit community, and a city with a storied history — finding just one of these can be hard at any price point but this has all three. Summers here mean free, world-class performances at the Redlands Bowl — America's longest continuously running summer music festival where no admission is charged. Spring brings the energy of the nationally acclaimed Redlands Bicycle Classic rolling through the streets. Just minutes from the University of Redlands, the historic Kimberly Crest estate, and the charm of downtown Redlands, this home offers a lifestyle that few places in the Inland Empire can match. HOA covers water, sewer, trash, roof, insurance, grounds maintenance, pool and spa.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,765 | 1,682.5 | 50% |
| Lot Size | 3,038 | 3,038 | 50% |
| Price | $615.0K | $588.8K | 50% |
| Price per sq ft | $348 | $348 | 50% |
| Built year | 1975 | 1978 | 50% |
| HOA | $525.0 | $445 | 50% |
| Days on market | 38 | 135 | 50% |
May 19, 2026
$625,000
$575,000
+9% Price Increase
Initial Listing
May 6, 2026
$575,000
Initial Listing
Jun 29, 2018
$450,000
Public Record
Apr 25, 2008
$502,000
Public Record
Sep 9, 2004
$355,000
Public Record
Apr 3, 2000
$178,000
Public Record