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Rancho Mirage, CA

$229,000

162 Madrid Street, Rancho Mirage, CA
2
Beds
2
Baths
1,877
Sq Ft
1978
Built
23
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
2
Bathrooms
2 full, 0 half
Living area
1,877 sq ft
Interior features
Breakfast Bar, Separate Formal Dining Room, Open Floorplan, Tandem
Appliances
Dishwasher, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Dryer, Washer
Fireplace
None
Heating
Central
Cooling
Central Air, Evaporative Cooling
Laundry
Inside, Laundry Room
Spa
Association, Heated, In Ground
Exterior & lot
Lot size
0 acres
Pool
Fenced, In Ground, Association
View
Mountains
Year built
1978
Parking
Attached Carport
Parking spaces
2
Community
Area
321 - Rancho Mirage
County
Riverside
Community features
Gated
Listing details
Status
Active
Property type
Manufactured In Park
Days on market
23
Listed
2026-07-02
Original price
$248,000
Parcel #
009712755
MLS #
26853383PS
Listed by
Allen Brown · Engel & Volkers Palm Desert

Location

Price history

Listed
$248,000 · 2026-07-02
Price reduced
$229,000 (−$19,000)
Days on market
23
Current price
$229,000
Financing

Could this home be yours?

Estimated monthly payment
$1,437
$1,158 principal & interest · $279 taxes & insurance
$45,800
Estimate only
Loan $183,200

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Estimated value range nearby
$523,778$614,870

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Listing data provided by CRMLS

Listing courtesy of Engel & Volkers Palm Desert. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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