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

2082 S Madrona Drive

Palm Springs, California 92264

ACTIVE
CONDITION: FAIR
3Beds
4Baths
3,840Sq Ft
10,019Lot Size

Property Price

LIST PRICE$1,499,000
EST. MARKET VALUE
$1,606,328
6% BelowMARKET VALUE

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

$1,606,328 +$107,328 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2082 S Madrona Drive
Subject
$1,499,000*
List Price
343,840$418-
A
2078 S Chico Drive
Sold
$1,750,000343,527$4960.1 mi
B
982 E Marion Way
Sold
$1,200,000342,672$4490.4 mi
C
2130 S Toledo Avenue
Sold
$1,493,000443,288$4540.2 mi
D
2723 S Kings Road
Sold
$1,175,000332,527$4650.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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Built in 1981, this property is well-maintained and functional but shows significant signs of being stylistically outdated.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

4/10

Raymond Cree Middle School

Grades 6-8 • 3.5 mi

4/10

Desert Learning Academy

Grades K-12 • 1.6 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.03.0
54%
Square foot3,8402,319.5
92%
Lot Size10,01910,236.5
50%
Price$1.50M$1.44M
54%
Price per sq ft$390$606
8%
Built year19811972
62%
HOA$0$0
50%
Days on market7163
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

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