737 N Madrid Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
Loading property details...
Palm Springs, California 92262
This Stunning Move-In Ready Condominium is a Strong Value Opportunity, listed at $599,000—positioned well below the $631,832 Fair Market Value by 5%. This valuation gap offers $32,832 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a modern cook's kitchen, updated baths, and panoramic mountain views. With Fee Simple ownership and resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, low-maintenance desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 737 N Madrid Circle Subject | $599,000* List Price | 3 | 2 | 1,387 | $456 | - |
A 815 N Cerritos Drive Sold | $595,000 | 3 | 2 | 1,347 | $442 | 0.1 mi |
B 657 N Palomar Circle Sold | $539,000 | 3 | 2 | 1,387 | $389 | 0.1 mi |
C 830 N Calle De Mimosas Sold | $635,000 | 2 | 2 | 1,262 | $503 | 0.1 mi |
D 842 N Calle De Pinos Sold | $610,000 | 2 | 2 | 1,170 | $521 | 0.1 mi |
E 1874 E Sandalwood Drive Sold | $525,000 | 3 | 2 | 1,248 | $421 | 0.6 mi |
F 2033 E El Alameda Sold | $592,500 | 2 | 2 | 1,170 | $506 | 0.2 mi |
G 1377 Yermo Drive S Sold | $528,000 | 2 | 2 | 1,333 | $396 | 0.4 mi |
H 468 N Greenhouse Way Sold | $520,000 | 2 | 3 | 1,194 | $436 | 0.5 mi |
I 703 N Barcelona Circle Pending | $439,000 List Price | 3 | 2 | 1,387 | $317 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1972, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern cook's kitchen with stone countertops, fully updated bathrooms with contemporary fixtures, newer HVAC systems, and double-pane windows, placing it in mint, move-in ready condition.
The property is in pristine, move-in-ready condition featuring a stylish cook's kitchen, updated bathrooms, double-pane windows, and a newer AC system, reducing immediate capital expenditure for the buyer.
Located on Fee Simple land in a market where many properties are on Indian Lease Land, this ownership type provides greater long-term investment security and simplifies the financing process.
As a single-level end unit with an expanded den and direct-access garage, the home offers superior privacy, increased natural light, and a more spacious feel than standard interior units.
The association fee of $622 per month represents a significant recurring carrying cost that may impact the debt-to-income ratio for some buyers.
While the attached garage is a benefit, it only accommodates a single vehicle, which may be a drawback for a three-bedroom residence likely to house multiple drivers.
This 3 BR 2 bath end unit has been beautifully updated and is in pristine condition. Double-pane windows, stylish Cook's kitchen and beautiful baths. An expanded Den/Bonus room (bedroom #2) is flooded with natural light offering flexible uses. Custom window treatments, newer AC and an attached single car garage with direct access and plenty of storage PLUS a full interior laundry room. FEE SIMPLE ownership in the heart of Palm Springs. Sunrise Alejo is built around 7 cul-de-sacs on magnificent park-like grounds. Walking trails meander through the beautifully kept community sharing Tennis, 3 pools and 3 spas, all enjoying beautiful Mountain vistas. Increasingly rare, low density single level garden villa homes, all featuring attached garages and private outdoor space. This property is ready to be your year round or seasonal home. Village close, central to shopping....EXCELLENT location, stunning southern/western wireless mountain views.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,387 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $599.0K | $445.8K |
| Price per sq ft | $432 | $351 |
| Built year | 1972 | 1980 |
| HOA | $622.0 | $587 |
| Days on market | 7 | 67 |
Jul 15, 2026
$599,000
Initial Listing
Jun 2, 2017
$315,000
Public Record