14
Map
$599,000
●
Land -
For Sale
12115 Turnberry Drive
Rancho Mirage, CA 92270
Studio
0 Bath
$3,561
Est. Monthly
$619
HOA / Fees
About This Property
Spectacular Over 1/2 Acre Lot in Coveted Fairway Estates with
Arnold Palmer Golf Course, Lake and Mountain Views. Overlooking
multiple fairways of the Arnold Palmer Course and the #11 Green.
Room to build your own estate on one of the few remaining
lots in Fairway Estates.
Unit Size
-
Days on Market
32 days
Land Size
0.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$619
Year Built
-
Listed By
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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 months ago (CRMLS #219153599DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by Bennion Deville Homes | $599,000 | |
| Listed by Bennion Deville Homes | |||
| May 28, 2021 | Sold | ||
| Sold | |||
| Dec 16, 2019 | Listed by BHHS CA Properties | $425,000 | |
| Listed by BHHS CA Properties | |||
| | |||
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Build your dream home on this extra large lot in The Fairway Estates of the Mission Hills Country Club. This lot is just over 1/2 an Acre (includes 1.5 lots) and backs directly to the Fairway of the Arnold Palmer Golf Course with magnificent views of the San Jacinto Mountains. The Mission Hills Country Club is a Guard Gated Community with golf and tennis. This lot is surrounded by million dollar homes and is conveniently located minutes away from fabulous shopping, entertainment and health facilities. As is stated on the City of Rancho Mirage website, it is nicknamed "The Playground of Presidents," and has hosted U.S. Presidents, foreign royalty and has been home to many Hollywood and sports celebrities. Rancho Mirage is the desert oasis for vacation destinations, business owners, retreats and conferences.
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Property Highlights
Exterior Details
Lot Features: On Golf Course
Lot Size Area: 22216
Lot Size Units: Square Feet
Lot Size Acres: 0.51
Lot Size Square Feet: 22216
Location Details
HOA Fee: $619
Comparables
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Type
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HOA + Taxes
About Mission Hills Country Club
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Bomgardner Blenkinsop and As..., Bennion Deville Homes
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219153599DA
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 219153599DA
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