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2 Iridium Way
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2026 | Listed by Coldwell Banker Realty | $1,350,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 5, 2025 | Listed | $1,500,000 | |
| Listed | |||
| | |||
|
Your own private Pickell ball court!!! This newer home in Iridium--a boutique community of just 27 modern residences in Rancho Mirage--offers the perfect blend of luxury and comfort. Inspired by the mid-century movement that defines desert architecture, this fully equipped long-term rental is designed to meet all your needs. Step into an open floor plan with soaring 10-foot ceilings, recessed lighting, and expansive multi-slide doors that lead to two private outdoor patios. Enjoy a range of amenities, including a private saltwater pool and spa, as well as a pickleball and basketball court, all set against breathtaking mountain views. This thoughtfully designed home features four bedrooms, ensuring privacy for all. One bedroom has been converted into a spacious, sunlit office. The master suite boasts an oversized shower and a generous walk-in closet, while a second bedroom includes an ensuite bathroom. The gourmet kitchen seamlessly connects to the great room, offering a wet bar, top-of-the-line stainless steel appliances, and an oversized island--perfect for entertaining. Additional high-end features include a whole-home water purification and softener system, bidets in all three bathrooms, a solar energy system,. A premium Pioneer sound system enhances both the living room and outdoor patio areas. Ideally situated near premier shopping, dining, golf courses, and outdoor recreation, this home offers the best of desert living
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| Oct 3, 2025 | Price Decreased |
$1,600,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
| Aug 23, 2025 | Listed | $1,700,000 | |
| Listed | |||
| | |||
|
This newer home in Iridium--a boutique community of just 27 modern residences in Rancho Mirage--offers the perfect blend of luxury and comfort. Inspired by the mid-century movement that defines desert architecture, this fully equipped long-term rental is designed to meet all your needs. Step into an open floor plan with soaring 10-foot ceilings, recessed lighting, and expansive multi-slide doors that lead to two private outdoor patios. Enjoy a range of amenities, including a private saltwater pool and spa, as well as a pickleball and basketball court, all set against breathtaking mountain views. This thoughtfully designed home features four bedrooms, ensuring privacy for all. One bedroom has been converted into a spacious, sunlit office. The master suite boasts an oversized shower and a generous walk-in closet, while a second bedroom includes an ensuite bathroom. The gourmet kitchen seamlessly connects to the great room, offering a wet bar, top-of-the-line stainless steel appliances, and an oversized island--perfect for entertaining. Additional high-end features include a whole-home water purification and softener system, bidets in all three bathrooms, a solar energy system, and an optional $10,000 Bodyfriend massage chair. A premium Pioneer sound system enhances both the living room and outdoor patio areas. Ideally situated near premier shopping, dining, golf courses, and outdoor recreation, this home offers the best of desert living.
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| Jun 13, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017