Listed by: Pauletta Smith, Bannister Realty
$720,000
●
House -
Off Market
231 Arrowhead Dr. Drive
Palm Desert, CA 92211
3 Beds
4 Baths,
1
Half Bath
3,402 Ft²
$1,482,887
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model
About This Property
Unbelievable West Facing Lake and Mountain Views! Looking over the
Grove # 6, you'll see the most beautiful lakes and sunsets that
will take your breath away! A large private courtyard, directs you
to the double door entry. Inside is a gorgeous 2 story space spiral
staircase that gives you the dramatic and open entrance. The main
level features a den with a full office and fireplace. The dining
room with soaring ceilings and a double side fireplace that is
shared with the living room is large enough for your favorite
dining set. The kitchen, which opens up to the living room,
features granite and a breakfast nook to sit and enjoy the view.
Also on the lower level is a guest bedroom and bath. Upstairs,
you'll find the spacious master with a balcony so you can enjoy the
fabulous view and walk into the huge bath and walk in closet. Also
upstairs is another guest room and bath. This home is located on
the side of Arrowhead near Rover's Ridge dog park. Offered
Unfurnished.
Unit Size
3,402 Ft²
Days on Market
105 days
Land Size
0.07 acres
Price per sqft
$234
Property Type
House
Property Taxes
-
HOA Dues
$756
Year Built
1993
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #214025183DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | Listed by Coldwell Banker Realty | $1,449,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Discover the epitome of luxury living at Indian Ridge Country Club. This carefully crafted west-facing home has been strategically positioned to offer optimal West Lake Views. As you enter, you'll be enveloped in a light & bright atmosphere, adorned w/ expansive views of the lake, mountains, & the Grove #6 golf course. This home offered fully turn key furnished. This 3 bedroom home w/ separated den or second living room, lies in its seamless blend of elegance with functionality including a service elevator. The gourmet kitchen is a haven for culinary enthusiasts, boasting top-of-the-line appliances and exquisite finishes that set the stage for unforgettable entertainment experiences. The primary suite, provides the ultimate tranquility for your personal retreat, offering a sanctuary of comfort and style. This home's surroundings are equally enchanting, w/ serene ponds, meticulously manicured fairways, & breathtaking mountain vistas creating an ambiance of unparalleled luxury living. This property is offered Designer Furnished including Electronics and most ART! This extraordinary property serves as your gateway to Palm Desert's luxurious lifestyle. To make this experience your own, we are thrilled to offer exclusive daily showings. This provides you w/ a unique opportunity to discover the secrets of this private paradise firsthand., simply reach out to us to arrange an exclusive tour. Your journey into opulence begins here
| |||
| Jan 15, 2024 | No longer available | - | |
| No longer available | |||
| Nov 18, 2023 | Price Decreased |
$1,499,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| Oct 12, 2023 | Relisted | $1,599,000 | |
| Relisted | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
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Sold On
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HOA + Taxes
About Palm Desert
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$6,000 /mo
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Listed by: Pauletta Smith, Bannister Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214025183DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214025183DA
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