Listed by: Encore Premier Group, Bennion Deville Homes
$1,295,000
●
House -
Off Market
11 Lafayette Drive
Rancho Mirage, CA 92270
3 Beds
3 Baths
3,060 Ft²
$8,068
Est. Monthly
$1,709
HOA / Fees
3.88%
Cap Rate
About This Property
THIS PROPERTY IS THE VERY DEFINITION OF PANORAMIC VIEWS! Golf
course double fairways (holes 16 & 17) lake with fountain & the San
Jacinto Mountains can be seen from the kitchen, dining room, living
room, and the primary suite. Every surface in this
beautifully remodeled Shaughnessy plan has been touched! Featuring
Fleetwood windows/sliding glass doors throughout, elevated soffeted
ceilings with indirect lighting & stone flooring. The fully
renovated gourmet kitchen with beautiful custom cabinetry & high
end appliances add to the cache of this chef's/entertainer's
delight. The master suite not only features gorgeous views
but the alcove includes a cozy fireplace. The primary bath
has custom cabinetry with marble counter tops, a custom tub and
steam shower. Elegant electric window coverings are in every
room. The ensuite #1 guest room has been used as an
office, includes a Murphy bed and opens out to the pool /spa in the
front courtyard. The ensuite # 2 guest room is elegantly appointed
and opens out to a private patio.
Unit Size
3,060 Ft²
Days on Market
86 days
Land Size
0.08 acres
Price per sqft
$423
Property Type
House
Property Taxes
-
HOA Dues
$1,709
Year Built
1975
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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 #219118677PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Bennion Deville Homes | $1,295,000 | |
| Listed by Bennion Deville Homes | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Springs Country Club
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Listed by: Encore Premier Group, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118677PS
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118677PS
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