162 Madrid St, Rancho Mirage, CA 92270
The Colony (click for neighborhood info)
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Overview
MLS #
26853383PS
Listed on
2026-07-02
Status
Active
Price
$248,000
Type
Manufactured In Park
Size of home
1,877 sq ft
Beds / Baths
2 / 2.00
Size of lot
0 sq ft
Neighborhood
The Colony
Location address
162 Madrid St
Rancho Mirage 92270
Rancho Mirage 92270
Description
Welcome to one of the most sought-after addresses in the Coachella Valley. Nestled inside the gated community of The Colony at Rancho Mirage famously known as "The Playground of Presidents" this beautifully appointed 2-bedroom, 2-bathroom home delivers over 1,800 square feet of resort-style living at an exceptional value. From the moment you step inside, the soaring high ceilings and abundant natural light set the tone. The open layout flows effortlessly from the spacious living area where panoramic mountain views steal the show into a contemporary kitchen featuring quartz countertops, an extraordinary pantry, and ample cabinetry. A separate dining room with built-in cabinets adds elegance and function, while the adjoining great room or den is perfectly sized for entertaining, a home office, or a media retreat. The oversized primary suite is a true sanctuary, complete with a walk-in closet that impresses and a humongous bathroom featuring a deep soaking tub, separate shower, quartz counters, and gleaming nickel fixtures. The second bathroom mirrors the same high-end finishes. Both bedrooms offer generous space and flexibility. Additional highlights include durable vinyl flooring throughout, Solar window coverings for energy efficiency and comfort, Central A/C plus evaporative cooling, dual systems for year-round desert comfort. Separate laundry room. Private covered front porch surrounded by mature landscaping your own shaded desert retreat. Tandem carport with ample parking. Life in The Colony extends well beyond your front door. Residents enjoy access to a resort-caliber amenity package: clubhouse, multiple pools and spas, fitness center, tennis and pickleball courts, billiards room, library, pub, hair salon, and a packed social calendar. All of this plus a land lease running through 2099 and a current monthly space rent of approximately $1,270 makes this one of the most affordable luxury lifestyle opportunities in Rancho Mirage. Minutes from world-class dining, shopping, golf, Eisenhower Health, and the emerging Cotino, (the new Disney development) this home is ideally positioned in the heart of the desert.
General Information
School District
Palm Springs Unified
Original List Price
$248,000
Price Per Sq/Ft
$132
Furnished
No
HOA Fee
$0.00
Land Type
Lease
Land Lease Expires
N/A
Land Lease $/yr
$15,231
Association Amenities
Assoc Barbecue, Pool, Pickleball, Spa, Gated Community, Fitness Center, Tennis Courts, Onsite Property Management, Meeting Room, Clubhouse, Assoc Pet Rules, Billiard Room
Pool
Yes
Pool Description
Association Pool, In Ground, Heated And Filtered, Fenced
Spa
Yes
Spa Description
Association Spa, In Ground, Heated
Year Built
1978
View
Mountains
Interior Features
Built-Ins, Detached/No Common Walls, Open Floor Plan, Mirrored Closet Door(s), Tandem
Flooring
Vinyl Plank
Appliances
Oven-Gas, Cooktop - Gas, Microwave
Patio Features
Covered Porch
Laundry
Inside, Room, Laundry Area
Fireplace
No
Heating Type
Central
Cooling Type
Air Conditioning, Ceiling Fan, Central, Swamp Cooler(s)
Parking Spaces
2
Parking Type
Carport Attached
Courtesy of:
Allen Brown /
Engel & Volkers Palm Desert
Previous Sales Data For This Property
| Sold Date | Address | List Date | List Price | List $ / Sq Ft | Beds / Baths | Days on Market | Sold Price | Sold $ / Sq Ft | |
|---|---|---|---|---|---|---|---|---|---|
| 2019-09-17 |
|
162 MADRID Street | 2019-05-09 | $89,750 | $48 | 2 / 2.00 | 130 | $85,000 | $45 |
| Averages: | $89,750 | $47 | 130 | $85,000 | $45 | ||||
162 Madrid St