161 Tomahawk Drive
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 |
|---|---|---|---|
| Jul 16, 2024 | Sold | ||
| Sold | |||
| Jun 9, 2024 | No longer available | - | |
| No longer available | |||
| Jun 7, 2024 | Listed by Equity Union | $2,495,000 | |
| Listed by Equity Union | |||
| | |||
|
This home, transformed by designer Jeanette Kyser, showcases meticulous remodeling. Positioned on a premier south-facing lakefront lot at Indian Ridge, it was the #1 Tomahawk lottery lot upon purchase. Inside, a major wall was removed, creating a spacious great room, while the dining room now serves as a den or fourth bedroom with glass French doors. The redesigned kitchen features a contemporary glass and granite center island. Upgrades include stained white oak flooring, electric interior sunshades, a leaded glass front door, and a wet bar with a new wine fridge. Additional NEW enhancements include insulation, Pentair Thermostat, humidifiers, TVs and audio equipment, Toto toilets, and a security camera system. Three newer air conditioners, water heaters, and an epoxy garage floor add to the home's appeal. The primary suite boasts a gorgeous fireplace. Outside, new upgrades include artificial grass, driveway pavers, drip irrigation, and a water feature in the courtyard enhance curb appeal. The rear patio features a pool with a new heater, spa, built-in BBQ, fire feature, travertine pavers, outdoor heater, and new landscaping. The kitchen stands out with floor-to-ceiling soft-close cabinets, Viking 6-burner cooktop, Monogram refrigerator, two dishwashers, double ovens, farmer sink, and pull-out shelves. Custom-designed furnishings and art complement the home, furnished per inventory list, including a 2022 golf cart. Club membership available with no wait.
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| Mar 28, 2024 | Price Decreased |
$2,495,000
↓ $205K
(7.6%) | |
| Price Decreased | |||
| Mar 2, 2024 | Listed by Bennion Deville Homes | $2,700,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
This home, transformed by designer Jeanette Kyser, showcases meticulous remodeling. Positioned on a premier south-facing lakefront lot at Indian Ridge, it was the #1 Tomahawk lottery lot upon purchase. Inside, a major wall was removed, creating a spacious great room, while the dining room now serves as a den or fourth bedroom with glass French doors. The redesigned kitchen features a contemporary glass and granite center island. Upgrades include stained white oak flooring, electric interior sunshades, a leaded glass front door, and a wet bar with a new wine fridge. Additional NEW enhancements include insulation, Pentair Thermostat, humidifiers, TVs and audio equipment, Toto toilets, and a security camera system. Three newer air conditioners, water heaters, and an epoxy garage floor add to the home's appeal. The primary suite boasts a gorgeous fireplace. Outside, new upgrades include artificial grass, driveway pavers, drip irrigation, and a water feature in the courtyard enhance curb appeal. The rear patio features a pool with a new heater, spa, built-in BBQ, fire feature, travertine pavers, outdoor heater, and new landscaping. The kitchen stands out with floor-to-ceiling soft-close cabinets, Viking 6-burner cooktop, Monogram refrigerator, two dishwashers, double ovens, farmer sink, and pull-out shelves. Custom-designed furnishings and art complement the home, furnished per inventory list, including a 2022 golf cart. Club membership available with no wait. The manager has listed the unit size as 3513 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017