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3554 Penny Ln1 / 65 · Click to zoom

About this home

Welcome to Palermo, a gated community in Palm Springs situated on fee land (you own the land). This desirable Model B floor plan offers 2 bedrooms, 2.5 bathrooms, a one-car garage, a private backyard spa, and an upstairs patio above the garage with stunning mountain views. The open-concept layout creates an inviting space for everyday living and entertaining, while the private backyard offers a peaceful retreat to relax and enjoy your own spa. Upstairs, the spacious patio provides the perfect place to take in the surrounding mountain vistas. Palermo's resort-style amenities include two community pools, two spas, outdoor showers and restrooms, a clubhouse with a lounge area, pool table, full kitchen, fitness center, abundant guest parking, and dog stations throughout the community. The HOA permits rentals with a 30-day minimum, making this property an excellent choice as a primary residence, vacation home, or investment opportunity. Photo Disclosure: Some listing photos have been virtually staged using AI to illustrate the home's potential. Additional photos show the property in its current vacant condition. Buyers are encouraged to review both the virtually staged and vacant photographs.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$365,000 · Aug 2020
📋 Assessed value$402,987
💵 Annual tax$5,334
🏫 School districtPalm Springs Unified School District

MLS #219149987PS

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

Estimate your monthly payment. Adjust the numbers to fit your budget.

Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$3,064
Principal & interest$2,473
Property tax$448
Home insurance$143
Down payment: $97,800Loan: $391,200

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.