2082 S Madrona Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 4 bath

2082 S Madrona Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,750,000
2082 S Madrona Drive, Palm Springs, California 92264
3Beds
4Baths
3,840Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($926,933.68) is $823,066.32 (47%) lower than the list price ($1,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Fee Simple Ownership: The property offers fee simple ownership, a significant advantage in the Indian Canyons subdivision which is primarily known for leasehold developments.
Top Cons:
Significant Overpricing: The current list price is substantially higher than the property's estimated value (estimation ratio -47%) and has already seen a significant price reduction, suggesting it may still be overpriced.

Compared to the nearby listings

Price:$1.75M vs avg $1.28M (+$468,000)75%
Size:3,840 sqft vs avg 2,178 sqft96%
Price/sqft:$456 vs avg $59122%

More Insights

Built in 1981 (44 years old).
Condition: Built in 1981, the property's interior, particularly the kitchen and bathrooms, shows signs of being dated. While the kitchen features granite countertops and built-in appliances, and the bathrooms have Verde marble countertops and tiled floors, these elements, as seen in the images, reflect styles popular 15-30 years ago rather than current trends. The overall condition suggests a well-maintained home that is functional and move-in ready, but would benefit from minor updates to modernize the aesthetic and features, aligning with the 'Fair' category criteria.
Year Built
1981
Close
-
List price
$1.75M
Original List price
$1.88M
Price/Sqft
$456
HOA
-
Days on market
-
Sold On
-
MLS number
219127529PS
Home ConditionFair
Features
Excellent View: Mountain(s), Pool
Deck
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

FEE SIMPLE (you own the land) in Indian Canyons which is primarily a Leasehold development. Exceptional Entertaiment home in excess of 3,800 . As you enter the double entry doors, marble pattern floor tiles, high vaulted ceilings with an expansive wood beam and an open floor plan with Living Area, Dining area, fireplace and full step down wet bar reminiscent of the Palm Springs lifestyle. Three (3) generous size bedrooms, each with their own ensuite bathrooms. The Primary bedroom retreat is located in the Northeast corner of the home featuring vaulted ceilings, a walk-in closet, dressing area and a spacious Primary Spa like bathroom with separate Shower and tub. Verde marble bathroom counter tops and tiled floors. The third bedroom (now used as a family room, den or office) faces the San Jacinto Mountains located at the front of the home Includes a private bathroom and private door to the outdoor Entertainment area. Spacious kitchen with granite counter tops, built in appliances, breakfast eating area with mountain views and an adjacent laundry room. Abundant cabinetry and additional storage. Direct kitchen access to the attached 2 car garage. The great room features several sliding glass doors that open to a covered, secured pool adjacent patio area with built in outdoor kitchen. The backyard area faces South with east and west exposure for sunshine throughout the day. With open decks, the outdoor resort like oasis features a large, tiled swimming pool, in ground tiled spa, a classic step-down Bar, umbrella, and submerged built in bar seats. Nice street appeal with a circular driveway, tiled roof and gated entryway. The circular driveway can be eliminated and reimagined into a front yard, walled and gated for privacy. This improvement option adds a substantial front outdoor yard with exceptional mountain views for entertaining and relaxing. The well landscaped backyard has a variety of mature citrus trees. Shown by appointment, short notice okay.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.1mi
4/10
Raymond Cree Middle School
Public,6-83.5mi
4/10
Desert Learning Academy
Public,K-121.6mi
6/10
Palm Springs High School
Public,9-121.9mi
Condition Rating
Fair

Built in 1981, the property's interior, particularly the kitchen and bathrooms, shows signs of being dated. While the kitchen features granite countertops and built-in appliances, and the bathrooms have Verde marble countertops and tiled floors, these elements, as seen in the images, reflect styles popular 15-30 years ago rather than current trends. The overall condition suggests a well-maintained home that is functional and move-in ready, but would benefit from minor updates to modernize the aesthetic and features, aligning with the 'Fair' category criteria.
Pros & Cons

Pros

Fee Simple Ownership: The property offers fee simple ownership, a significant advantage in the Indian Canyons subdivision which is primarily known for leasehold developments.
Expansive & Open Floor Plan: Boasting over 3,800 sqft, the home features high vaulted ceilings with an expansive wood beam, an open floor plan, a fireplace, and a full step-down wet bar, ideal for entertaining.
Resort-Style Outdoor Living: The south-facing backyard provides all-day sun and features a large tiled swimming pool, in-ground spa, classic step-down bar with submerged seats, and a built-in outdoor kitchen, creating a private oasis.
All Ensuite Bedrooms: All three generous bedrooms come with their own ensuite bathrooms, including a spacious primary suite with vaulted ceilings, a walk-in closet, dressing area, and a spa-like bathroom.
Prestigious Location & Mountain Views: Situated in the desirable Indian Canyons neighborhood, the property offers excellent street appeal with a circular driveway and gated entry, complemented by mountain views.

Cons

Significant Overpricing: The current list price is substantially higher than the property's estimated value (estimation ratio -47%) and has already seen a significant price reduction, suggesting it may still be overpriced.
Potential for Dated Aesthetics: Built in 1981, some interior finishes like 'marble pattern floor tiles' and 'Verde marble bathroom counter tops' may be perceived as dated by modern buyers, potentially requiring updates.
Absence of Modern Energy Upgrades: The property description does not highlight modern energy-efficient features such as dual-pane windows, solar panels, or updated HVAC systems, which are present in some comparable properties and increasingly expected in the Palm Springs market.

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