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1111 E Palm Canyon Drive #226, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

1111 E Palm Canyon Drive home-pic-0
ACTIVE$368,000
1111 E Palm Canyon Drive #226, Palm Springs, California 92264
1Bed
1Bath
525Sqft
583Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Architectural Significance & Historic Value: Designed by renowned architects William Krisel and Dan Saxon Palmer, built by the Alexander Company, and located in an approved historic district, offering unique mid-century modern appeal.
Top Cons:
Compact Living Space: With only 525 square feet, the unit offers a very compact living area, which may not suit buyers seeking more spacious accommodations.

Compared to the nearby listings

Price:$368.0K vs avg $439.4K ($-71,450)32%
Size:525 sqft vs avg 1,307 sqft3%
Price/sqft:$701 vs avg $34099%

More Insights

Built in 1956 (69 years old).
Condition: Despite being built in 1956, the listing explicitly states the unit has been 'fully updated with new plumbing, electrical, HVAC, kitchen, bathroom, and tile.' The images confirm this, showing a modern kitchen with white shaker cabinets, butcher block countertops, and stainless steel appliances, and a contemporary bathroom with stylish picket tiles and a glass shower enclosure. The flooring throughout is modern wood-look tile, and light fixtures appear updated. This extensive renovation brings the property to a virtually new condition, meeting current quality standards with no apparent deferred maintenance.
Year Built
1956
Close
-
List price
$368K
Original List price
$389K
Price/Sqft
$701
HOA
$799.81
Days on market
-
Sold On
-
MLS number
219119067DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to the ultimate desert escape at the Ocotillo Lodge, a mid-century modern oasis in South Palm Springs! Designed by renowned architects William Krisel and Dan Saxon Palmer and built by the Alexander Company in 1956. This top-floor condo offers unobstructed mountain views through iconic clerestory windows, setting the perfect backdrop for a stylish getaway. Fully updated with new plumbing, electrical, HVAC, kitchen, bathroom, and tile, this unit is ready for you to enjoy--without any worries. With all utilities included in the HOA (electricity, water, trash, cable TV, internet, and more), you can relax completely in this historic gem. Resort-style amenities await, from the heated champagne cork-shaped pool and two hot tubs to a gym and clubhouse, blending luxury with the charm of classic Palm Springs. As an approved historic district, the complex offers Mills Act eligibility, potentially reducing property taxes. Ideal for part-time residents, Ocotillo Lodge is also short-term rental-friendly, allowing you to generate income when you're away. Just minutes from downtown and a short walk to restaurants, coffee shops, and hotels, this condo offers all the perks of desert living--beautifully taken care of for you!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•3.0mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.7mi
Condition Rating
Excellent
Despite being built in 1956, the listing explicitly states the unit has been 'fully updated with new plumbing, electrical, HVAC, kitchen, bathroom, and tile.' The images confirm this, showing a modern kitchen with white shaker cabinets, butcher block countertops, and stainless steel appliances, and a contemporary bathroom with stylish picket tiles and a glass shower enclosure. The flooring throughout is modern wood-look tile, and light fixtures appear updated. This extensive renovation brings the property to a virtually new condition, meeting current quality standards with no apparent deferred maintenance.
Pros & Cons

Pros

Architectural Significance & Historic Value: Designed by renowned architects William Krisel and Dan Saxon Palmer, built by the Alexander Company, and located in an approved historic district, offering unique mid-century modern appeal.
Extensive Modern Renovation: The unit has been fully updated with new plumbing, electrical, HVAC, kitchen, bathroom, and tile, ensuring a move-in ready condition with no immediate major expenses.
All-Inclusive HOA & Resort Amenities: The HOA fee covers all utilities (electricity, water, trash, cable TV, internet) and provides access to resort-style amenities including a heated pool, two hot tubs, gym, and clubhouse.
Investment Potential & Tax Benefits: The property is short-term rental friendly, allowing for income generation, and its Mills Act eligibility offers potential property tax reductions.
Prime Location & Mountain Views: Top-floor unit with unobstructed mountain views through iconic clerestory windows, minutes from downtown Palm Springs, and within walking distance to local restaurants, coffee shops, and hotels.

Cons

Compact Living Space: With only 525 square feet, the unit offers a very compact living area, which may not suit buyers seeking more spacious accommodations.
High Monthly HOA Fee: Despite being all-inclusive, the $799.81 monthly HOA fee is substantial and represents a significant ongoing cost for the owner.
Condo Living Restrictions: As a condominium within a historic district, owners may face limitations on personalization, exterior modifications, and adherence to community rules and historic preservation guidelines.

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