1959 Jacques Drive
About This Property
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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.
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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 |
|---|---|---|---|
| Apr 29, 2025 | Listed | $1,095,900 | |
| Listed | |||
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Welcome to "The 1959". This dreamy 1959 Mid-Century Meiselman is located in the heart of Palm Springs at 1959 Jacques Drive on Fee Land (you own it - no land lease). This single family home built by developer Jack Meiselman (John P. "Jack" Moyer, architect), is located on a quiet street in Racquet Club Estates just minutes to downtown Palm Springs, surrounded by many Mid-Century Modern homes that Palm Springs is known for. A thoughtful renovation completed in 2018 maintains the original charm of the Atomic Age (clean lines, post and beam ceilings, clerestory windows, wall of glass), while being updated with modern features. The remodel was highlighted in Sunset Magazine in its August 2018 issue. Upgrades included polishing the concrete floors, adding hand-painted boho tile to the kitchen and bathroom, installing quartz countertops, modern cabinetry and Bosch appliances to the kitchen, painting, hanging wallpaper and updating windows, doors, lighting and plumbing fixtures along with many other updates. A vintage fireplace was sourced, a custom front gate was installed, landscaping was updated and concrete was poured for the driveway and back patio. Large sturdy sails were installed to provide shade from the Palm Springs sun. The garage features two sets of sliding glass doors, polished concrete floors, clerestory windows, and a mini-split air conditioning unit. It would make an excellent art studio, rehearsal space, yoga studio or pool house. More recently, an owned solar system and a high-end above ground hot tub have been added. The stunning backyard offers several places to gather to relax or entertain with its magnificent mountain views. You'll love the large, heated saltwater pool, hot tub, fire pit and hammock. Dinner and cocktail parties on the large patio are what the indoor/outdoor lifestyle is all about! The primary suite and guest bedroom are separated for privacy, and the third bedroom has been opened up and turned into a den/office. You Found Your Happy Place! Make an appointment to see this stunning home today.
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| Jun 29, 2019 | Sold | ||
| Sold | |||
| Feb 22, 2019 | Listed by HomeSmart | $715,000 | |
| Listed by HomeSmart | |||
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About Racquet Club Estates
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$6,800 /mo
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$10,000 /mo
- 2 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017