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

2082 S Madrona Drive
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 2082 S Madrona Drive, Palm Springs, California 92264 reveals a Prime Investment Opportunity with a current list price of $1,499,000—significantly undercutting the $1,606,328 Fair Market Value by 6%. This valuation gap indicates a +$107,328 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2082 S Madrona Drive Subject | $1,499,000* List Price | 3 | 4 | 3,840 | $418 | - |
A 2078 S Chico Drive Sold | $1,750,000 | 3 | 4 | 3,527 | $496 | 0.1 mi |
B 982 E Marion Way Sold | $1,200,000 | 3 | 4 | 2,672 | $449 | 0.4 mi |
C 2130 S Toledo Avenue Sold | $1,493,000 | 4 | 4 | 3,288 | $454 | 0.2 mi |
D 2723 S Kings Road Sold | $1,175,000 | 3 | 3 | 2,527 | $465 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this property is well-maintained and functional but shows significant signs of being stylistically outdated. While the kitchen features granite countertops, the appliances and cabinetry reflect older trends, and the 'step-down' wet bar and bathroom fixtures are characteristic of its original era. The listing description's mention that the home 'awaits your vision' and the AI analysis noting 'deferred modernization' confirm that while livable, the property requires updates to meet contemporary luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Land Ownership
Situated in the prestigious Indian Canyons neighborhood on fee simple land, this property offers significant long-term value and ownership security without the complications of a land lease.
- Resort-Style Outdoor Amenities
The south-facing backyard provides all-day sun and unobstructed San Jacinto Mountain views, complemented by an oversized pool with a swim-up bar and a built-in outdoor kitchen.
- Dramatic Architectural Volume
The interior features soaring vaulted ceilings with exposed beams and an expansive 3,840 sq. ft. layout, offering a grand and light-filled atmosphere ideal for high-end entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Deferred Modernization
The property is noted as awaiting a 'vision' and 'finishing touches,' suggesting that the 1981 interior likely requires a substantial capital investment to meet contemporary luxury standards.
- Modest School Ratings
The local public schools serving the area have relatively low ratings (4/10), which may be a drawback for families looking for a primary residence.
About 2082 S Madrona Drive
Located in the prestigious Indian Canyons neighborhood of South Palm Springs one of the desert's most exclusive and enduring addresses this residence offers a rare opportunity to own in a truly iconic setting. Situated on fee simple land (you own it), the home welcomes you through double entry doors into a dramatic interior featuring soaring vaulted ceilings with exposed beams and an open, light-filled layout designed for effortless entertaining. The living and dining areas are centered around a fireplace and step-down wet bar, while three spacious ensuite bedrooms provide comfort and privacy. The versatile third bedroom or den includes a private entrance and stunning mountain viewsAAAasA'ideal for guests, a home office, or studio space. The kitchen features granite countertops with mountain backdrops, and direct access to the attached two-car garage. Outdoors, the south-facing backyard delivers all-day sunshine and unobstructed views of the San Jacinto Mountains. The resort-inspired grounds include an oversized pool with decorative tile, spa, swim-up bar with seating, built-in outdoor kitchen, and mature citrus trees creating a true Palm Springs sanctuary. With timeless architecture and an exceptional setting, this home awaits your vision, and finishing touches an opportunity to elevate a classic into a personalized luxury retreat in one of Palm Springs' most coveted neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.1 mi
Raymond Cree Middle School
Grades 6-8 • 3.5 mi
Desert Learning Academy
Grades K-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 54% |
| Square foot | 3,840 | 2,319.5 | 92% |
| Lot Size | 10,019 | 10,236.5 | 50% |
| Price | $1.50M | $1.44M | 54% |
| Price per sq ft | $390 | $606 | 8% |
| Built year | 1981 | 1972 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 163 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,499,000
Initial Listing
Sold
Jul 30, 2004
$685,000
Public Record
Sold
Mar 31, 1998
$365,000
Public Record










































