Listed by: Clark Hallren, Keller Williams Realty
$865,000
●
House -
Off Market
11 Collegiate Circle
Rancho Mirage, CA 92270
4 Beds
5 Baths,
1
Half Bath
3,979 Ft²
$1,807,160
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model
About This Property
This luxurious 3,979 sq ft home on a generous 0.37 acre lot is
centrally located in prestigious Rancho Mirage. Residence is within
easy walking distance to The River shopping complex and shows the
pride of ownership of the current owners. The home boasts 4
bedrooms (each with their own en-suite bathrooms), 2 very private
master suites (both with walk in closets), 3 indoor fireplaces
(living, master and den), an additional powder bath and fire pit
and BBQ by pool. There are 3 private patio areas (front court yard
with 3 tiered fountain, side courtyard off dining room with
additional three tied fountain and expansive patio by pool), salt
water pebble tech pool and spa which are connected by a river with
a rock waterfall. The three car garage has a finished epoxy floor
and built in cabinetry for clean and out of sight storage. The
detached casita provides for a luxurious and private retreat for
guests, family or in home caregiver
Unit Size
3,979 Ft²
Days on Market
101 days
Land Size
0.37 acres
Price per sqft
$225
Property Type
House
Property Taxes
-
HOA Dues
$260
Year Built
2002
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #21467879DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2021 | Sold | ||
| Sold | |||
| Sep 18, 2021 | Listed by Windermere Homes & Estates | $1,397,000 | |
| Listed by Windermere Homes & Estates | |||
| | |||
|
Tropical Paradise on over 1/3 of an Acre with 2 Master Suites, Guest suite, AND a Detached Guest house. Solar owned! Located in prestigious Ivy League Estates of Rancho Mirage This luxurious 3,864 sq ft home is an entertainer's dream with 4 Bedrooms, plus a Media Room & Bonus room. Glass Front entry doors open to Formal Living rm w/Fireplace & soaring 12'-14' ceilings & walls of glass to frame the Massive rock waterfall & river connecting spa with pebble-tec Pool expanding nearly the width of the yard. Gourmet Kitchen w/Island, Bar Seating, Breakfast Nook, Custom Cabinetry, top of the line Professional Stainless-Steel Appliances including built-in Refrigerator, double ovens & wine refrigerator. Media room/Den off the kitchen w/fireplace. Formal Dining rm views a second Courtyard w/ Pergola 2nd 3-tiered fountain. Sullivan Shutters, Tile Floors, Alarm/security, Central vacuum, & Sonos Sound system throughout. Oversize 3 car garage w/epoxy floors, tons of built-in storage & work bench. Lagoon style Custom Pebble-tec Pool & Spa with dramatic waterfall feature, Built-in BBQ with island Bar and Firepit. 4 private patio and outdoor sitting areas, Lush green lawns, a desert native landscaped garden & lots of citrus & palm trees. Magnificent views of surrounding mountain ranges from all vantage points. Best Desert Location...close to 'The River' entertainment/shop district & Eisenhower Medical Center. Staged furniture available for sale from Interior designer.
| |||
| Apr 12, 2013 | Sold | ||
| Sold | |||
| Dec 27, 2012 | Listed by Keller Williams Realty | $895,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ivy League Estates
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Listed by: Clark Hallren, Keller Williams Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 21467879DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 21467879DA
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