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.
Property Details
Price:
$248,000
MLS #:
26853383PS
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subdivision:
The Colony
Neighborhood:
321ranchomirage
Listed Date:
Jul 2, 2026
Finished Sq Ft:
1,877
Total Sq Ft:
1,877
Year Built:
1978
See this Listing
Schools
School District:
Palm Springs Unified
Interior
Appliances
DW, MW, RF, GO, GS
Bathrooms
2 Full Bathrooms
Cooling
CA, EV
Heating
CF
Interior Features
TND, OFP
Laundry Features
IR, IN, DINC, WINC
Exterior
Attached Garage YN
1
Direction Faces
S
Parking Spots
2
Parking Total
2
Patio And Porch Features
CO
Security Features
AG, COD, CRD, FSDS, GC
Spa Features
AS, HT, IG
View
MT
Window Features
BLI, DPC
Financial
Lease Land Amount
$15,231
Lease Land Expiration
2099-01-01
Lease Land Frequency
ANU
Map
Community
- Address162 Madrid ST Rancho Mirage CA
- SubdivisionThe Colony
- CityRancho Mirage
- CountyRiverside
- Zip Code92270
Subdivisions in Rancho Mirage
- Big Sioux 32103
- Blue Skies
- Blue Skies 32105
- Casas de Seville
- Clancy Estates
- DaVall Estates 32121
- Del Webb RM
- Desert Braemar
- Desert Island
- Desert Island 32123
- Desert Ranch Estates 32124
- Escala
- La Residence
- La Terraza Monterey Estates
- La Terraza Vintage Estates
- La Terraza Vintage Estates 32136
- Lake Mirage Racquet Club 32138
- Lake Mirage Racquetball Club
- Magnesia Falls Cove
- Mira Vista
- Mira Vista 32145
- Mirada Estates
- Mirada Estates 32143
- Mirage Estates 32146
- Mission Hills Country Club
- Mission Hills Country Club 32148
- Mission Hills East
- Mission Hills East/Deane Homes 32149
- Mission Hills/Fairway1862
- Mission Hills/Lake Front
- Mission Hills/Lake Front 32150
- Mission Hills/Oakmont Estates 32153
- Mission Hills/Westgate 32155
- Mission Pointe
- Mission Ranch
- Mission Shores 32158
- Morningside Country
- Mountain View Villas 32161
- Palm Court
- Rancho Las Palmas C.
- Rancho Mirage C.C.
- Rancho Mirage C.C. 32169
- Rancho Mirage Racquet Club
- Rancho Mirage Rc
- Rancho Mirage Resort
- Rancho Mirage Resort 32172
- Revelle at Clancy Ln
- RM Mobile Home Es
- Santo Tomas
- Santo Tomas 32178
- Serrano
- St. Augustine
- Sterling Ridge
- Sunrise C.C.
- Sunrise C.C. 32185
- Sunrise Country Club
- Tamarisk C.C.
- Tamarisk C.C. 32186
- Tamarisk Heights
- Tamarisk Rancho 32189
- Tamarisk View Estate
- Tamarisk West
- The Estates At RM
- The Springs C.C.
- The Springs C.C. 32198
- Thunderbird C.C.
- Thunderbird C.C. 32199
- Thunderbird Heights
- Thunderbird Heights 32201
- Thunderbird Palms 32203
- Thunderbird Terrace
- Thunderbird Villas
- Victoria Falls
- Victoria Falls 32211
- Villaggio On Sinatra
- Vista Mirage 32215
- Waterford-420
- Wilshire Palms
Market Summary
Current real estate data for Single Family in Rancho Mirage as of Jul 04, 2026
406
Single Family Listed
133
Avg DOM
306
Avg $ / SqFt
$1,119,262
Avg List Price
Property Summary
- Located in the The Colony subdivision, 162 Madrid ST Rancho Mirage CA is a Single Family for sale in Rancho Mirage, CA, 92270. It is listed for $248,000 and features 2 beds, 2 baths, and has approximately 1,877 square feet of living space, and was originally constructed in 1978. The current price per square foot is $132. The average price per square foot for Single Family listings in Rancho Mirage is $306. The average listing price for Single Family in Rancho Mirage is $1,119,262.
Similar Listings Nearby
162 Madrid ST
Rancho Mirage, CA


