1374 E Madero Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Well-Maintained Desert Retreat is listed at $699,900, representing a market-aligned entry point relative to its $665,589 Fair Market Value. Boasting a Condition Rating of 3, the residence features a PebbleTec pool, mountain views, and a generous 11,761 sq. ft. corner lot. A critical advantage is the Fee Land Ownership, ensuring long-term value retention. Located near Vista Del Monte Elementary and Raymond Cree Middle, the property also offers significant Short-Term Rental Potential below the neighborhood cap. This is an ideal acquisition for Lifestyle-Driven Buyers or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 E Madero Circle Subject | $699,900* List Price | 3 | 2 | 1,392 | $478 | - |
A 1022 E El Escudero Street Sold | $749,000 | 3 | 2 | 1,452 | $516 | 0.3 mi |
B 2003 N Sandra Road Sold | $665,000 | 3 | 2 | 1,663 | $400 | 0.4 mi |
C 1425 E Luna Way Sold | $695,000 | 3 | 2 | 1,475 | $471 | 0.3 mi |
D 2940 N Cypress Road Sold | $522,000 | 3 | 2 | 1,320 | $395 | 0.7 mi |
E 1494 E Gem Circle Sold | $680,000 | 3 | 2 | 1,475 | $461 | 0.3 mi |
F 2940 N Cypress Rd Sold | $522,000 | 3 | 2 | 1,320 | $395 | 0.7 mi |
G 1031 E El Conquistador Active | $879,000 List Price | 3 | 2 | 1,452 | $605 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with clear evidence of past renovations. The kitchen and bathrooms have been updated with contemporary stone countertops, white cabinetry, and stainless steel appliances. While the home was built in 1973, the interior features updated flooring (Saltillo tile and laminate), modern light fixtures, and a well-kept PebbleTec pool, indicating regular upkeep and mid-range updates within the last 5 to 15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1392.
The property is located on fee land, meaning you own the land rather than leasing it, which is a highly desirable and value-retaining feature in the Palm Springs market.
With the neighborhood currently at approximately 14% permitted short-term rentals—well below the 20% cap—this property offers a viable and lucrative opportunity for vacation rental investors.
Built in 1973 with 1,392 sq. ft. of living space, the interior footprint may feel modest or compact for a three-bedroom residence compared to modern luxury builds.
While well-maintained, the property may require cosmetic or system updates to meet the high-end aesthetic standards expected in the competitive Palm Springs Uptown area.
Enjoy the Palm Springs lifestyle just minutes from vibrant downtown and Palm Springs International Airport. Located in the desirable Victoria Park / Vista Norte neighborhood, this property sits on fee land--you own the land. Positioned on a generous 11,000 sq. ft. corner lot on a quiet cul-de-sac, the home offers an oversized backyard with a nicely maintained PebbleTec pool, perfect for relaxing, entertaining, and soaking in the desert sunshine. Inside, the 3-bedroom, 2-bath residence welcomes you with a double-door entry and features a well-designed floor plan with a natural flow of space, creating comfortable living areas ideal for both everyday living and hosting guests. Experience the best of Palm Springs living, with easy access to downtown's renowned shopping, dining, art galleries, and entertainment, along with the popular Uptown Design District, known for its stylish boutiques, galleries, and mid-century modern flair. For investors, the property presents an excellent short-term rental opportunity. Permits may be available through the City of Palm Springs, with the neighborhood currently showing approximately 14% permitted short-term rentals, well below the 20% neighborhood cap rate. Additional highlights include an attached two-car garage and a spacious lot offering room to expand or further enhance the outdoor living experience. A fantastic Palm Springs opportunity priced to sell.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,392 | 1,909.5 | 17% |
| Lot Size | 11,761 | 9,583 | 78% |
| Price | $699.9K | $875.0K | 33% |
| Price per sq ft | $503 | $483 | 56% |
| Built year | 1973 | 1986 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 185 | 2% |
Mar 16, 2026
$699,900
Initial Listing
Feb 27, 2002
$225,000
Public Record
Jan 9, 2001
$200,000
Public Record
Aug 1, 2000
$122,500
Public Record