162 Madrid Street, Rancho Mirage

Sold Lease Land

$160,000

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2

Beds

2

Baths

1,877

Square feet

Listing Agent
Allen Brown - Engel & Volkers Palm Desert

About 162 Madrid Street

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.

162 Madrid Street is a Manufactured In Park property for sale. This Manufactured In Park property is on Lease land and the current price is $179,000. This property has 2 bedrooms and 2.00 bathrooms and it was built in 1978. 321 - Rancho Mirage property has been listed on www.geoffreymoore.com for 34 days.

Features of 162 Madrid Street

MLS® # 26853383PS
Price $179,000
Sold Price $160,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,877
Acres 0.00
Year Built 1978
Type Manufactured In Park
Status Closed

Community Information

Address 162 Madrid Street
Area 321 - Rancho Mirage
Subdivision The Colony
City Rancho Mirage
County Riverside
Zip Code 92270

Amenities

Amenities Clubhouse, Pool, Tennis Court(s), Billiard Room, Meeting Room, Pet Restrictions, Spa/Hot Tub
Utilities Trash Collection, Water
Parking Spaces 2
Parking Attached Carport
Garages Attached Carport
View Mountain(s)
Is Waterfront No
Has Pool Yes
Pool Fenced, In Ground, Association

Interior

Interior Features Breakfast Bar, Separate/Formal Dining Room, Open Floorplan, Tandem
Appliances Dishwasher, Gas Oven, Microwave, Refrigerator, Washer, Dryer, Gas Cooktop
Heating Central
Cooling Central Air, Evaporative Cooling
Has Basement No
Fireplace No
Fireplaces None
# of Stories 1

Exterior

Windows Blinds, Drapes

School Information

District Palm Springs Unified

Additional Information

Date Listed July 2nd, 2026
Days on Market 34
Sold Date September 10th, 2026
Foreclosure No
Short Sale No
RE / Bank Owned No
Land Type Lease
Lease Amount $15,231
Lease Amount Freq. Annually

Listing Details

AgentAllen Brown
OfficeEngel & Volkers Palm Desert

Listing Map

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