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2088 S Pebble Beach Drive
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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 |
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| Sep 20, 2025 | Listed | $1,395,000 | |
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Experience the ultimate desert lifestyle on the golf course in the Tahquitz Creek Golf neighborhood. One of Palm Springs most coveted neighborhoods, this quiet enclave of Mid-Century and 70's homes is located on FEE LAND (you own) with no HOA and utility lines are underground! Sweeping GOLF COURSE and MOUNTAIN VIEWS set the scene for desert resort living. The back yard is designed for relaxation and entertaining with an expansive covered patio, sparkling saltwater pool and spa with cascading waterfall and mature fruit trees (ruby grapefruit, lemon and figs) ... perfect for quiet mornings or sunset gatherings. Step inside the sprawling home featuring high vaulted ceilings and walls of glass, open kitchen and a bar with two 28 bottle wine refrigerators. 4 spacious bedrooms and 3 updated bathrooms provide comfort for family, guests. The home is being sold TURN-KEY FURNISHED and includes OWNED SOLAR! Convenient south Palm Springs location is out of the windy area and close to downtown. Pickleball and Tennis are minutes away at Demuth Park. Hiking, casino, shopping, restaurants, Starbucks, Trader Joes, Vons, and the Palm Springs Surf Club are all very nearby. This home has been a successful vacation rental and the neighborhood is still below the cap for STR permits. Ideal primary residence, vacation retreat or income property. Don't miss your chance to own a piece of Palm Springs paradise!
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| Apr 30, 2025 | Listed | $1,499,000 | |
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100% SOLAR OWNED! Step into this exceptional desert retreat in the highly sought-after Tahquitz Creek Golf neighborhood, a peaceful enclave surrounded by Mid-Century (Alexander-Wexler) and 1970s homes. Situated on a double fairway with breathtaking south-facing mountain views, this turn-key furnished property redefines modern living with its breathtaking design and unbeatable location. Spanning over 2,000 square feet, this rare gem features four generously sized bedrooms and three updated bathrooms. The open floor plan is accentuated by vaulted ceilings, filling the home with natural light. The thoughtfully designed kitchen, featuring modern appliances, granite countertops, and two 28-bottle wine refrigerators, opens to the dining and outdoor spaces, making it perfect for entertaining. Step outside to a resort-style backyard with a sparkling saltwater pool, a cascading waterfall hot tub, mature fruit trees, and a large covered patio for al fresco dining. Panoramic golf course and mountain views make this space extraordinary, offering the ideal setting for relaxation or entertaining year-round. Owned solar panels installed in 2019 provide eco-friendly living. Located in a short-term rental-friendly neighborhood, this home is ideal as a primary residence, vacation retreat, or rental property. With easy access to downtown Palm Springs, Highway 111, hiking trails, and nearby attractions, this is one prime property. Call for your private showing today!
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| May 23, 2018 | Sold | ||
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| Mar 21, 2018 | Listed by Bennion Deville Homes | $675,000 | |
| Listed by Bennion Deville Homes | |||
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This beautifully maintained and remodeled ranch style home nestled deep in sought-after Tahquitz Creek Golf on a huge lot, just under 13,000 sq ft. The perfect place to enjoy the best of the desert lifestyle. The oversized backyard includes the pool, hot tub with waterfall, as well as a baja shelf offering beach'' entrance overlooking the famous Tahquitz Creek Golf Resort Legends Golf Course, right on the 1st and 10th fairways. Large outdoor dining area has the golf course view and is under a hard cover patio cover. French doors open wide from the inside dining area and great room out to the back yard. 4 bedrooms, 3 bath, completely remodeled kitchen and baths. Kitchen area includes 2 28-bottle wine refrigerators. Open floor plan with great room that includes the formal dining area. High vaulted ceilings give an open, airy feeling to this fabulous home. Commercial grade misting system on patio.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017