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3551 Melody Lane, Palm Springs, CA 92262

$499K2bd · 3ba · 1,306 sqft
Lot 1,128 sqft•HOA $590/mo•Condominium•
Active
•71d on market•MLS# PS-26864433

Property Description

Additional new price enhancement!! Seller is extremel motivated!! One of Palm Springs best kept secrets! Welcome to Palermo Townhomes and Villas! Palermo is a architecturally stunning gated community minutes from downtown Palm Springs. 3551 Melody Ln. is a gorgeous townhome featuring simplistic yet modern design and architecture. 2 bed and 2.5 baths spread over 1306 sq.ft. Upon entry displays an open concept featuring a fabulous kitchen with generous cabinetry, quartz countertops and a breakfast bar. All stainless-steel appliances include a gas range, new garbage disposal and new microwave as well as a spacious refrigerator. Preparing a formal dining experience? Treat your guests at the formal dining area with ease and ample space. Relax in the living room on the couch amid soaring ceilings over 13 feet high. The industrial size windows accentuate brightness as well as an airy feeling throughout the home. The newer indoor fireplace adds sexiness and classy design to the living area as warmth and coziness during chilly winter evenings. Choose multicolored flames and utilize as an additional heat source, if desired. Dual sets of sliding glass doors beckon you to a private oasis and patio bordered by lovely and mature Ficus trees. Be the first to plunge into the sparkling, stunning newly remodeled saltwater pool and spa to relax anytime at your leisure. The pool has been newly remodeled with a Pebble Tec surface and gorgeous brand new tile built to last up to 20 years. The pool also has a newer salt cell and newer pump.Imagine entertaining friends at dusk for cocktails and outdoor dining. A newer gas fireplace has been installed for comfort, and ambiance. Upstairs boasts 2 bedrooms as well as a loft area looking west with an additional mountain view that can be utilized as an office space. Enjoy coffee on the private balcony of the primary bedroom, washer and dryer conveniently located between bedrooms. Separate bathtub and shower in the primary bath. Additional features: remote control for upper blinds, air ducts cleaned in 2026, newer HVAC system and an attached garage with newly painted doors, newer pool pump in 2023.Palermo community also has an amazing clubhouse with pool table, a small gym, and can be utilized for special events for the homeowners. In addition, there are 2 beautiful community pools and spas. The grounds and landscaping are kept immaculate, which keeps homeowners proud to live in such a vibrant community. Palermo is minutes to downtown Palm Springs, Palm Springs Aerial Tramway, several hiking trails as well as the I-10 freeway which can take you quickly to other desert cities, if desired. Come and see this beauty in person! Perfect for full-time or part time living. Available for 28 day and beyond rental capability. Start enjoying easy desert lifestyle living. This townhome is priced to sell for its new owner!!! Buyer is advised to independently investigate through due diligence of their own to verify MLS information.

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), Pool
Flooring
Carpet
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byUnknown Office, Tracey Frazier

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,523.22
Principal & Interest
Loan Amount
$399,200
Total Interest
$509,158
Total Payment Over 30 Years
$908,358
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

3551 Melody Lane, Palm Springs, CA 92262

Palermo · Palm Springs · Condominium

$499K
Affordable Tier
Beds
2
Baths
3
Sqft
1,306
Lot
1,128 sqft
Year
2007
$/Sqft
$382
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 44.6% above the median closed sale of $345,000. Price per sqft ($382) is a 26% premium to closed comps ($304).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $499K· $382/sqft
Total list price
Closed comps
vs closed median $345K
+$154K (+44.6%)
Active comps
vs active median $578K
−$79K (−13.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $456
−$74 (−16.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1045 VillorrioPalm Springs2005231,2000$449$539,00018475
1602 Andee DrivePalm Springs1981221,3051,305$268$350,00019171
922 Alejo VistaPalm Springs2004231,8610$524$975,00016265
1200 Primer CirclePalm Springs1977221,2520$547$685,00023165
1715 El AlamedaPalm Springs1973221,1700$494$578,00022664
Total: 5 · Average2.02.41,357.61,305$456.4$625,400198.8
Median1,252$578,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2601 Broadmoor DrivePalm Springs198510/09/2026221,1300$335,000$320,000$2830.9513768
2098 Normandy CourtPalm Springs198110/02/2026221,3051,742$375,000$370,000$2840.997966
588 San Lorenzo RoadPalm Springs196609/28/2026221,1500$559,000$559,000$4861.004566
401 Vista ChinoPalm Springs198509/25/2026231,0953,049$285,850$270,000$2470.949165
5951 Montecito DrivePalm Springs197210/02/2026431,551933$355,000$345,000$2220.973664
Total: 5 · Average2.42.41,246.21,908$372,800$372,800$304.4—77.6
Median1,150$345,000$345,000

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.