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3601 Melody Ln, Palm Springs, CA, 92262

2beds
3baths
1,339sqft
$498,000
$372price/sqft
$3,606/moest. monthly cost
$144,240/yrincome needed

About This Home

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.

Getting Around

17
WalkingCar-Dependent
22
TransitMinimal Transit
38
BikeSomewhat Bikeable

Schools

5/10
5/10
Palm Springs High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Slab,Other
  • Roof: Flat
  • Construction materials: Stucco

Type & Style

  • Home type: Condo
  • Architectural style: Modern
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Free Standing Gas,Microwave,Oven,Range Hood,Range,Dishwasher,Dryer,Disposal,Exhaust Fan,Range/Oven,Refrigerator,Vented Exhaust Fan,Washer,Water Line to Refrigerator,Central Water Heater,Gas Water Heater
  • Laundry features: Laundry Closet Stacked,Laundry - Closet Stacked

Bathroom

  • Features: Powder Room,Shower Over Tub,Shower Stall,Remodeled,Tile,Granite

Bedroom

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Open Floorplan,Recessed Lighting,Ceiling Fan(s),Dining Area,Family Room,Eat-in Kitchen,Breakfast Area,Breakfast Counter / Bar
  • Door features: Sliding Doors
  • Window features: Double Pane Windows,Custom Window Covering
  • Flooring: Tile,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: Common Walls,End Unit

Heating & Cooling

  • Heating features: Fireplace(s),Central,Forced Air
  • Cooling features: Air Conditioning,Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 1,339
  • Total interior livable area: 1,339 sqft

Kitchen

  • Features: Counter Top,Kitchen Island,Open to Family Room

Property

Details

  • Parcel number: 669721009
  • Attached to another structure: Yes
  • Special condition: Standard
  • Other equipment: Cable

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: Association,Fenced,In Ground,Private,Community
  • Patio & porch: Concrete Slab,Covered
  • Exterior features: Balcony
  • Has spa: Yes
  • Spa features: Association Spa,Community,Fenced,In Ground,Heated,Private
  • Fencing: Block,Fenced Yard
  • Has view: Yes
  • View description: Mountain(s),Pool
  • Has water view: Yes

Lot

  • Features: Landscaped,Back Yard,Curbs,Close to Clubhouse

Parking

  • Total spaces: 2
  • Parking features: Attached,Direct Access,Garage Door Opener,Driveway,Garage - 1 Car,Garage Is Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,518$30,216
Home Insurance *$127$1,524
Property Taxes $563$6,756
Electricity $398$4,786
Total$3,606$43,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$123,634/yr
40% on housing$108,180/yr
45% on housing$96,160/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$372This listing

vs Other Active Listings

Avg $/sqft

ZIP 92262$376
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92262$494
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$489,000
2026-07-22Listed for sale$498,000
2026-07-16Contingent$498,000
2026-07-11Price change$498,000
2026-06-11Price change$544,000
2026-06-04Price change$549,000
2026-05-18Listed for sale$554,000
2026-04-05Listing removed$559,000
2026-03-05Price change$559,000
2026-02-17Price change$566,000
2026-01-13Listing removed$2,795
2025-12-23Price change$2,795
2025-12-15Listed for sale$569,000
2025-12-09Listed for rent$2,995
2024-12-23Listing removed$2,995
2024-11-26Listed for rent$2,995
2024-02-15Listing removed--
2024-02-01Price change$2,875
2024-01-10Listed for rent$3,275
2020-04-16Listing removed$2,195
2020-02-12Listed for rent$2,195
2019-12-20Listing removed$2,195
2019-12-02Listed for rent$2,195
2015-06-30Sold$307,500
2015-04-22Pending sale$335,000
2013-10-25Sold$265,000
2012-10-31Sold$250,000
2007-05-01Sold$457,000

For Sale by Agent

AgentThe Morgner Group
BrokerageEquity Union

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