158 Madrid Avenue, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 4 bath
Loading property details...
Palm Desert, California 92260
This Spacious Value-Add Condominium is a Trust Sale listed at $595,000, compared to a $541,368 Fair Market Value. Located in the Monterey Country Club, the asset is in Original 1980s Condition, offering a 2,055 sqft floor plan with an oversized primary suite and a versatile den. The unit features premium Golf Course and Mountain Views and is situated near James Earl Carter Elementary. With short-term rental potential and significant renovation upside, this is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking to force appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 158 Madrid Avenue Subject | $595,000* List Price | 2 | 4 | 2,055 | $263 | - |
A 142 Camino Arroyo S Sold | $485,000 | 3 | 3 | 2,051 | $236 | 0.7 mi |
B 96 Presidio Place Sold | $489,000 | 3 | 3 | 2,051 | $238 | 0.7 mi |
C 314 S Sierra Madre S Sold | $425,000 | 2 | 2 | 1,656 | $257 | 0.6 mi |
D 299 Cordoba Way Sold | $649,000 | 3 | 2 | 2,055 | $316 | 0.6 mi |
E 211 Las Lomas Sold | $489,000 | 3 | 2 | 1,670 | $293 | 0.7 mi |
F 296 Castellana S Sold | $425,000 | 2 | 2 | 1,336 | $318 | 0.5 mi |
G 110 Conejo Circle Active | $425,000 List Price | 3 | 3 | 2,056 | $207 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in well-maintained but largely original 1980s condition. While clean and functional, the kitchen, bathrooms, and flooring are dated and require modernization to meet current market standards. The listing description explicitly notes it is priced to reflect its original state, inviting a full cosmetic renovation.
As one of the largest models in Monterey Country Club, this 2,055 sqft home features a massive primary suite and a large den with an ensuite bath that can easily serve as a third bedroom.
Perched on a knoll overlooking a ravine and the golf course, this unit offers a rare level of privacy and scenic mountain views compared to other properties in the community.
The HOA permits short-term rentals subject to city permits, making this an excellent opportunity for investors looking to generate income in a desirable Palm Desert location.
The property is in largely original 1980s condition, meaning buyers will likely need to budget for significant cosmetic renovations to modernize the space.
With an $800 monthly HOA fee and additional costs for certain club amenities, the ongoing maintenance expenses are relatively high.
Original owner Trust Sale spells opportunity! This is one of the largest floor plans in Monterey Country Club and features an oversized primary suite (bath has dual sinks, sunken tub, and stall shower), a guest suite (ensuite bath has dual sinks and stall shower), and a very large den that overlooks the interior atrium, with dual entry doors, desk, and ensuite bath with dual sinks and stall shower so it can function as a third bedroom. In addition there is a half-bath (powder room), so this light unit really lives like a private home. The unit is perched up on a knoll with views overlooking a ravine and beyond to the golf course, so really great privacy. The laundry room has been used as a hobby/craft area but plumbing is still in tact. The washer and dryer were moved out to the 2-car garage, on the other side of the common wall. This home is in largely original but well maintained condition and has been cleaned (including windows and carpets), and is priced accordingly to invite those who want to create their own Country Club abode. Community pool is across the street and 3 units south. HOA permits short term rentals, subject to City of Palm Desert Permit. Some Association amenities may require extra cost.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 4.0 | 2.0 | 96% |
| Square foot | 2,055 | 1,550 | 83% |
| Lot Size | - | 2,408 | 17% |
| Price | $595.0K | $517.0K | 61% |
| Price per sq ft | $290 | $335 | 24% |
| Built year | 1980 | 1979 | 57% |
| HOA | $800.0 | $761 | 65% |
| Days on market | 38 | 162 | 1% |
Mar 15, 2026
$595,000
Initial Listing