Listed by: John Bomgardner, Bennion Deville Homes
$654,000
●
House -
Off Market
124 Lakefront Way
Rancho Mirage, CA 92270
3 Beds
3 Baths
2,149 Ft²
$789,231
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Spectacular Lake and Mountain views, Covered Outdoor Living plus
PoolSpa. Enter through private resort courtyard with pool
and spa. Glass Entry Door and Entry Hall lead to Great Room
with fireplace open to Kitchen and Dining. Social Kitchen
features slab granite counters and counter seating.
Dining Room with Entertainer's Bar. Master Suite has
Master Retreat overlooking the views. Master Bath features marble
counters and shower, soaking tub and extra large
walk-in closet. Guest Suite is like a casita with French
doors to the pool terrace, an ensuite bath and walk-in closet.
Second Guest Bedroom and bath nearby give room for friends and
family or a den. Outside are covered patios on the stream and
lakeside with mountain views and BBQ and Firepit and a
courtyard with private pool, spa and waterfall. Solar equipped and
most furniture negotiable. Lakefront HOA includes full
Sports membership to Mission Hills Country Club, including tennis,
pickle ball, croquet, gym and social clubs and dining. Come home to
your resort paradise in the desert!
Unit Size
2,149 Ft²
Days on Market
42 days
Land Size
0.17 acres
Price per sqft
$302
Property Type
House
Property Taxes
-
HOA Dues
$605
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: 3 years ago (CRMLS #219057741DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2021 | Sold | ||
| Sold | |||
| Feb 22, 2021 | Listed by Bennion Deville Homes | $649,000 | |
| 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
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ft²
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HOA + Taxes
About Mission Hills Country Club
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Listed by: John Bomgardner, Bennion Deville Homes
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219057741DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219057741DA
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