$6,056

closing credit¹

1111 E Palm Canyon Dr Unit 340 Palm Springs, CA 92264

$510,000
1 bed
1 full
590 sqft
$864 / sqft
Condo

Property details

About 1111 E Palm Canyon Dr Unit 340

Welcome to the Ocotillo Lodge Unit #340, a Historic Palm Springs Gem. Nestled in the iconic Twin Palms neighborhood, the Ocotillo Lodge was built in 1957 by renowned architects William Krisel & Dan Palmer and has a rich history of attracting celebrity guests. Originally a hotel, it was converted into condos in 1995, but its timeless charm and mid-century modern style remain intact. Recently undergoing a major renovation, this stunning condo boasts modern upgrades while retaining its historic charm. Located in the back of the complex with an East-facing patio, enjoy quiet mornings with views of the San Jacinto Mountains. The unit is newly furnished with a Mid-Century-inspired interior, channeling the vibrant Palm Springs vibe, and includes everything you need to live in comfort, from kitchenware and small appliances to bedding, decor, and artwork. Key Features: Fully furnished, with all necessary household items (except for staging pieces); Completely remodeled, including a new HVAC system; A sofa sleeper for added comfort and versatility; Full-sized washer and dryer; Monthly HOA dues cover ALL utilities: electricity, water, hot water, trash, sewage, cable TV, and internet; Located in a historic district, eligible for the Mills Act, offering potential property tax savings. The complex completed an extensive refurbishment and renovation within the last few years to preserve the original character of the architecture. Amenities include a champagne cork-shaped pool, two hot tubs, a clubhouse with pool tables, a community gym, and an outdoor Sunshine Bar with a built-in grill perfect for entertaining or enjoying a sunset cocktail. The historic significance of the Ocotillo Lodge, combined with its prime location near shops, restaurants, and entertainment, makes it a rare and sought-after property in Palm Springs. This condo has been a highly rated short-term rental (STR), receiving 100% 5-star ratings since it began renting in May 2024. Whether you're looking to immerse yourself in the desert resort lifestyle or make a smart investment, this property offers both a unique living experience and great potential. Don't miss your chance to be a part of Palm Springs history!

Highlights

Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size590 sqft
Lot size0 Acres
Year built1957
ParkingCircular Driveway
MLS #25491835PS
ViewMountain(s)

Summary

  • MLS Number: 25491835PS
  • MLS Name: CRMLS
  • Office Name: Engel & Volkers Palm Desert
  • Office Phone: (760) 453-0072
  • Listing Agent: Roger Gendron

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of living room

$510,000

1111 E Palm Canyon Dr Unit 340

$6,056

closing credit¹

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Price information

Property sales

DateEventPrice
Oct 06, 2022
Home Sold
$430,000
Dec 31, 1996
Home Sold
$53,000

Tax history

YearAssessmentProperty Tax
2024$438,600$5,586
2023$430,000$5,690
2022$161,747$2,341
2021$158,576$2,298
2020$156,951$2,203
2018$150,857$2,045
2017$147,900$798

History based on county public records data.

Nearby schools

6

Cahuilla Elementary School

Public District KG-5

0.6 mi

833 E Mesquite Ave

5

Katherine Finchy Elementary School

Public District KG-5

2.5 mi

777 E Tachevah Dr

2

Agua Caliente Elementary School

Public District KG-5

3.1 mi

30800 San Luis Rey Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $40,537. Typical income of Palm Springs, CA residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

44%
<35k
43%
35k-100k
9%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

79%
Single, No Kids
2%
Single, with Kids
17%
Married, No Kids
2%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

2%
<11 yrs old
1%
12-17 yrs old
7%
18-34 yrs old
47%
35-64 yrs old
43%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Stein MartStein Mart
  • Chico'sChico's
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • Cracker BarrelCracker Barrel
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • LincolnLincoln
  • BuickBuick
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • ClassicalClassical
  • Soft Adult ContemporarySoft Adult Contemporary
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1111 E Palm Canyon Dr Unit 340

This home is located at 1111 E Palm Canyon Dr Unit 340 in Palm Springs, CA and zip code 92264 in the Twin Palms neighborhood. This 590 square foot home was built in 1957. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $510,000.

While more than 5 listings in Palm Springs, CA in January 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 83 were sold below. In January 2025 in Palm Springs, CA there were 29.5% more homes for sale than in December. In January 2025 median list price was $641,500 and the average listing age was 63 days.

From Rocket Homes Real Estate and based on county public records data.

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