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2493 South Madrona Drive, Palm Springs, CA 92264

$1.29M3bd · 3ba · 2,593 sqft
Lot 5,227 sqft•HOA $951/mo•Condominium•
Active
•33d on market•MLS# PS-26859731

Property Description

Ideally situated on Fee Land (no land lease) and on a private corner lot is this rarely available free-standing, remodeled & updated home set within the iconic Canyon Estates community. Designed by desert modernist architect Charles E. Du Bois, AIA, this spacious 3-Bed 2.5-Bath property has been thoughtfully reconfigured to offer two en-suite bedrooms, a separate den (which can easily be converted back to a third bedroom if desired), plus an additional bonus room (perfect for a home office /workspace or gym). The large primary suite features custom fitted closets in addition to a smartly designed laundry area. The generously proportioned great room incorporates soaring ceilings, clerestory windows and walls of glass with sliders that open to an expansive private patio. The tastefully remodeled eat-in kitchen features an additional window that provides for a picturesque mountain view. High end appliances include a built-in Miele coffee system and a working trash compactor. Numerous upgrades include porcelain tile floors throughout, remote controlled window shades, modern single blade ceiling fans, Pelican water filtration system, security system, and much, much more. Freshly painted, pristine condition and move-in ready. Community amenities include a 9-hole par-3 golf course, clubhouse, fitness center, tennis & pickleball courts, 15 swimming pools & spas and immaculate common grounds with magnificent mountain views. Note: Photos have been virtually staged.

Features & Amenities

Canyon EstatesFeeBuilt 1971

Property Details

Subdivision
Canyon Estates
Land Type
Fee
Year Built
1971
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Mountain(s), Park/Greenbelt, Pool
Flooring
Tile
City
Palm Springs
Zip Code
92264
County
Riverside
Listed byUnknown Office, Stewart Penn

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,548.22
Principal & Interest
Loan Amount
$1,036,000
Total Interest
$1,321,361
Total Payment Over 30 Years
$2,357,361
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Canyon Estates

This property is located in Canyon Estates, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Canyon Estates Listings

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

2493 South Madrona Drive, Palm Springs, CA 92264

Canyon Estates · Palm Springs · Condominium

$1.29M
Residential Tier
Beds
3
Baths
3
Sqft
2,593
Lot
5,227 sqft
Year
1971
$/Sqft
$499
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 77.4% above the median closed sale of $730,000. Price per sqft ($499) is a 50% premium to closed comps ($333). Closed comps sold at 94% of list — buyers have negotiating leverage.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.29M· $499/sqft
Total list price
Closed comps
vs closed median $730K
+$565K (+77.4%)
Active comps
vs active median $1.23M
+$70K (+5.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $460
+$39 (+8.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2426 Madrona DrivePalm Springs1971332,5930$530$1.38M9798
2324 Camino VidaPalm Springs1971332,5934,356$519$1.34M1697
1585 Sierra WayPalm Springs1973332,6003,485$346$899,0001794
2450 Camino VidaPalm Springs1971332,5933,485$434$1.13M16193
2320 Paseo Del ReyPalm Springs1971332,5934,792$472$1.23M3987
Total: 5 · Average3.03.02,594.44,029.5$460.2$1.19M66
Median2,593$1.23M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2489 Playa CirclePalm Springs197106/17/2026332,5934,356$1.32M$1.27M$4920.964494
459 Desert Lakes DrivePalm Springs197208/17/2026332,4520$399,900$368,000$1500.9218677
517 Desert Lakes DrivePalm Springs197206/16/2026332,5523,049$675,000$625,000$2450.934566
1347 Verano DrivePalm Springs197007/02/2026332,3764,356$1.08M$1.06M$4480.994364
93 Westlake CirclePalm Springs196707/15/2026332,2163,049$799,000$730,000$3290.918064
Total: 5 · Average3.03.02,437.83,702.5$812,600$812,600$332.8—79.6
Median2,452$730,000$730,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.