23260 Joaquin Ridge Drive
About This Property
Step inside and you're greeted with soaring vaulted ceilings that open up the living space and give it a bright, airy feel. The cozy fireplace in the living room adds a warm touch, perfect for relaxing evenings or gatherings with friends and family. This home features 4 spacious bedrooms and 2 bathrooms, with a layout that flows perfectly for everyday living. One of the standout features is the upstairs loft, complete with a unique and stylish stair rail that lets you peek down into the first floor-it's the perfect spot for a home office, playroom, or cozy reading nook.
Out back, the yard is full of mature landscaping that provides shade and privacy, while still offering plenty of room to make it your own. Whether you're dreaming of a garden, a patio retreat, or even a sparkling pool, there's ample space to bring your vision to life.
Located in one of Murrieta's most desirable areas, you'll love being just minutes from top-rated schools, shopping, and the scenic walking trails and golf courses nearby. This home is ready for you to move in and start making memories. Don't miss your chance to live in one of West Murrieta's hidden gems!
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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 |
|---|---|---|---|
| Feb 24, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 3, 2026 | Price Decreased |
$619,999
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Nov 20, 2025 | Relisted | $639,999 | |
| Relisted | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017