16 Corte Del Sol
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | Listed by Re/Max Desert Properties | $1,185,000 | |
| Listed by Re/Max Desert Properties | |||
| Jan 9, 2022 | No longer available | - | |
| No longer available | |||
| Dec 20, 2021 | In contract | - | |
| In contract | |||
| Dec 11, 2021 | Listed by Coltrin Real Estate | $985,000 | |
| Listed by Coltrin Real Estate | |||
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Located in the heart of Rancho Mirage - La Terraza - with a private, south facing backyard, a pool, spill-over spa and full width covered rear patio with panoramic mountain views. This home is sure to amaze you with a PRE-PAID solar lease - no bills until 2037! Also includes 2 brand new HVAC units installed in 2021 at a cost of over $28K! Additionally, the owner installed a self-flushing water filter, new kitchen appliances, new pool pump, an electric car charger in the garage and new wood floors in the bedrooms and den. This popular floorplan features a formal entry, two bedrooms and a large den in the main house and a spacious casita accessed through the front courtyard. The kitchen has double ovens, a built-in microwave, new cook-top, an island with separate prep sink and a walk-in pantry. The Primary suite has wood flooring, direct access to the backyard, a large closet and the bathroom has a large soaking tub and walk-in shower. Need a lot of storage? The HUGE laundry has cabinets galore, the pantry has room for your Costco binge, the casita has a big walk-in closet and there are two more closets in the hall near garage AND more cabinets in the formal dining room. This home is move in ready and priced for an immediate sale - hurry and check it out today! The manager has listed the unit size as 2608 square feet.
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About La Terraza
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$7,600 /mo
- 3 Beds
- 2 Baths
- 1,821 ft²
$6,500 /mo
- 3 Beds
- 2 Baths
- 1,921 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017