1585 E Madrona Drive, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Mid-Century Modern Retreat represents a Strong Value Opportunity, listed at $1,675,000—positioned well below the $1,683,782 Fair Market Value by 0.52%. Featuring a Mint Condition Rating following a comprehensive renovation, this property offers a turnkey resort-style backyard with a pool and panoramic mountain views. With its fee-simple land, no HOA, and established short-term rental potential, this asset is perfectly positioned for Buy-and-Hold Investors or Owner-Occupants seeking an iconic, high-demand Palm Springs lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1585 E Madrona Drive Subject | $1,625,000* List Price | 2 | 2 | 1,871 | $857 | - |
A 965 E Twin Palms Sold | $1,715,000 | 3 | 2 | 1,600 | $1,072 | 0.5 mi |
B 1560 S Calle Palo Fierro Sold | $1,850,000 | 4 | 4 | 1,931 | $958 | 0.8 mi |
C 1061 S Sagebrush Road Sold | $1,925,000 | 3 | 3 | 2,288 | $841 | 0.8 mi |
D 176 W Crestview Sold | $1,658,337 | 3 | 3 | 1,853 | $895 | 1.0 mi |
E 1450 S Via Soledad Sold | $1,300,000 | 3 | 3 | 1,975 | $658 | 1.0 mi |
F 2295 E Amarillo Way Sold | $1,453,000 | 4 | 3 | 2,122 | $685 | 0.6 mi |
G 1453 Plato Circle Active | $1,650,000 List Price | 4 | 3 | 1,993 | $828 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1966, the property has undergone a comprehensive modern renovation within the last 5 years. Images show a mint-condition kitchen with contemporary shaker cabinetry, quartz countertops, and high-end appliances, along with updated flooring and bathrooms. The 'Airbnb ready' status suggests systems are well-maintained and up to modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1871.
Situated in the prestigious Indian Canyons, this property is on fee-simple land with no HOA, providing rare full ownership and financial flexibility in a high-demand South Palm Springs neighborhood.
The 1966 design features classic walls of glass, a sunken bar, and a resort-style backyard with a pool and mountain views, perfectly capturing the sought-after Palm Springs aesthetic.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1871, other record living area = 2171. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
At a $1.675M price point, the configuration of only two formal bedrooms may limit appeal for larger families or buyers expecting more dedicated sleeping quarters.
The local public schools carry modest ratings (mostly 4 out of 10), which could be a drawback for primary residence buyers prioritizing high-performing educational districts.
Welcome to this stunning Mid-Century Modern retreat located in the highly desirable Indian Canyons neighborhood of South Palm Springs. Situated on fee-simple land (you own the land) with no HOA, this beautifully designed residence captures the essence of Palm Springs living with breathtaking mountain views, a private resort-style backyard, and timeless architectural character. Offering approximately 1,900 square feet of living space, this home features 2 spacious bedrooms, 2 bathrooms, a flexible bonus room that can function as a third bedroom or office, an expansive living area with classic fireplace, sunken bar, and walls of glass that seamlessly connect indoor and outdoor living. The large primary suite provides a relaxing escape, while the versatile floor plan offers endless possibilities for full-time residents, vacation homeowners, or investors. Outside, enjoy a private backyard oasis complete with sparkling pool, fire pit, mature landscaping, and spectacular mountain vistas. The oversized corner lot includes ample outdoor entertaining space and room for RV or additional parking. Located just minutes from downtown Palm Springs, world-class dining, shopping, golf, and hiking trails, this exceptional property combines iconic Mid-Century style, privacy, and investment potential in one of Palm Springs' most sought-after neighborhoods. A rare opportunity to own a classic Palm Springs home in Historic Indian Canyons. Airbnb ready, Licenses available in this area !!!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 3.3 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,871 | 2,076 |
| Lot Size | 10,019 | 10,454 |
| Price | $1.62M | $1.04M |
| Price per sq ft | $869 | $525 |
| Built year | 1966 | 1977 |
| HOA | $0 | $332 |
| Days on market | 16 | 75 |
Jul 16, 2026
$1,625,000
$1,675,000
-3% Price Drop
Initial Listing
Jul 6, 2026
$1,675,000
Initial Listing
Dec 9, 2021
$1,100,000
Public Record