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3601 Melody Lane, Palm Springs, CA 92262

$489K2bd · 3ba · 1,339 sqft
Lot 0 sqft•HOA $590/mo•Condominium•
Active
•50d on market•MLS# PS-26677249

Property Description

HUGE 80k PRICE REDUCTION! Bright Modern Palm Springs Retreat with Private Pool & Spa and Mountain Views. Welcome to this stylish Palm Springs getaway, ideally located just minutes from downtown dining, shopping, and nightlife within the newer gated community of Palermo. Designed for effortless desert living, this sought-after floorplan offers two ensuite bedrooms, two-and-a-half baths, and an attached one-car garage - perfect as a full-time residence, second home, or vacation escape. Designer finishes elevate the home throughout, including freshly painted white walls, high-end ceiling fans, custom window treatments, and thoughtfully curated details. As a perimeter unit, the property enjoys enhanced privacy and a beautifully landscaped backyard complete with a private pool and spa framed by mountain views - your own serene outdoor oasis. Inside, the updated great room features sleek 12x24 tile flooring, a custom fireplace with digital controls, and dual sliding glass doors that flood the space with natural light and showcase the surrounding scenery. The modern kitchen is both functional and striking, highlighted by quartz countertops, metallic tile backsplash, crisp white flat-panel cabinetry, stainless steel appliances, and a peninsula island with ample seating accented by contemporary pendant lighting. Upstairs, two spacious primary suites provide comfort and privacy, each with a custom-designed bathroom featuring distinctive stone countertops, designer tilework, and upgraded lighting. Generous closet space and convenient access to a generous rooftop deck and stackable washer and dryer complete the upper level. Additional features include sealed garage floors and an EV charger! Residents of Palermo enjoy resort-style amenities including a fitness center, community pools and spas, and a billiards room. HOA dues conveniently cover water, trash, exterior maintenance, and common-area amenities - making ownership easy and carefree. This is modern Palm Springs living at its best - private, stylish, and perfectly located in Palm Springs. New Price is Firm and Final.

Features & Amenities

PalermoFeeBuilt 2007

Property Details

Subdivision
Palermo
Land Type
Fee
Year Built
2007
Property Type
Residential
Property Subtype
Condominium
Heating
Central, Fireplace(s), Forced Air
Cooling
Central Air
View
Mountain(s), Water
Flooring
Carpet, Tile
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byEquity Union, The Morgner Group

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,472.65
Principal & Interest
Loan Amount
$391,200
Total Interest
$498,954
Total Payment Over 30 Years
$890,154
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Palermo

This property is located in Palermo, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Palermo Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3601 Melody Lane, Palm Springs, CA 92262

Palermo · Palm Springs · Condominium

$489K
Affordable Tier
Beds
2
Baths
3
Sqft
1,339
Lot
0 sqft
Year
2007
$/Sqft
$365
Pool: No✓
Spa: No✓
View: mountain✓

Listed 6.0% below the median closed sale of $520,000. Expect a longer timeline — comps averaged 122 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $489K· $365/sqft
Total list price
Closed comps
vs closed median $520K
−$31K (−6.0%)
Active comps
vs active median $495K
−$6K (−1.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $327
+$38 (+11.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3551 Melody LanePalm Springs2007231,3061,128$382$499,0009296
3554 Penny LanePalm Springs2007231,3431,134$334$449,00011594
1520 Via MiralestePalm Springs2004231,4480$327$474,00017173
100 Stevens RoadPalm Springs2003231,9561,337$253$495,0003769
200 Racquet Club RoadPalm Springs1986321,5370$341$524,00022766
Total: 5 · Average2.22.81,5181,199.667$327.4$488,200128.4
Median1,448$495,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
250 Enterprise WayPalm Springs200707/15/2026231,3871,146$545,000$520,000$3750.9516792
3586 Sunburst BoulevardPalm Springs200704/30/2026221,12910,019$535,000$535,000$4741.003685
3586 Sunburst BoulevardPalm Springs200712/12/2025221,12910,019$549,000$525,000$4650.962784
200 Racquet Club RoadPalm Springs198609/22/2026321,5370$479,000$475,000$3090.999970
250 Via EscuelaPalm Springs197111/24/2025331,3446,534$469,000$460,000$3420.9828368
Total: 5 · Average2.42.41,305.26,929.5$503,000$503,000$393—122.4
Median1,344$520,000$520,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.