CLEAN POOL HOME - OPEN CONCEPT - HIGH CEILINGS! Detached home
located on a north-facing lot with a south-facing backyard offering
sunshine around the pool year-round. PRIME central Palm Desert
location behind the gates of Merano with HOA dues of just $111 per
month! One of the largest floor plans in Merano, this 2,076 sq. ft.
single-level home offers 3 bedrooms plus an open den, 3 baths,
formal dining room, bright breakfast area, private pool and spa,
covered patio and mountain views. High ceilings and abundant
windows create a bright, open feel throughout the home, with tile
flooring extending through the main living areas and bedrooms. The
spacious living room features a fireplace and opens to the separate
formal dining area. The large kitchen includes generous cabinetry,
two pantries, a center island, updated dark stone-surface
countertops and updated black stainless steel appliances, including
a gas cooktop and separate electric oven. The bright adjoining
breakfast area has glass slider access directly to the covered
patio and pool. A separate laundry room with cabinetry,
extensive built-in hallway storage and dual HVAC systems are
additional special features of this home. The spacious primary
suite features a sitting area, walk-in closet and glass slider to
the backyard and pool, along with mountain views. The primary bath
includes dual sinks, soaking tub, separate shower and private
toilet room. Outdoors, enjoy a private backyard with a
sparkling pool, raised spa featuring a stacked-stone spillway,
generous decking, covered patio and beautiful western mountain
views. A built-in BBQ center with counter space provides an
additional area for outdoor cooking and entertaining. A newer
leased solar system with two Tesla battery backups provides
substantial energy production and storage, helping maintain low net
electric charges. Merano is a boutique gated enclave of just
126 homes, prized for its central Palm Desert location. Across the
street you'll find everyday conveniences including upscale
groceries, coffee and dining, while a short drive connects you to
Eisenhower Health, big-box shopping to the north and the wonderful
El Paseo Shopping District, the desert's premier luxury shopping
and dining destination, to the south. Palm Springs International
Airport is just 10 miles away.
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.
Parking Features: Direct Access, Driveway, Garage, Garage Door Opener, Side By Side
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Dry Bar, High Ceilings, Open Floorplan, Recessed Lighting, Storage, Walk-In Closet(s), BreakfastArea, SeparateFormalDiningRoom, UtilityRoom
Appliances: Dishwasher, Electric Oven, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Range Hood, Trash Compactor, Refrigerator, Water Heater
Flooring Type: Tile
Door Features: Sliding Doors
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Gas, Gas Starter, Living Room
Exterior Details
Square Footage: 2076
Square Footage Source: $0
Security Features: Gated Community
Architectural Style: Contemporary, Mediterranean
Year Built Source: Assessor
Year Built: 1998
Levels: One
Window Features: Shutters
Construction Materials: Stucco
Patio and Porch Features: Covered, Concrete
Pool Features: Gunite, Electric Heat, In Ground, Private, Waterfall
Pool is Private
Lot Features: Back Yard, Front Yard, Landscaped, Lawn, SprinklersTimer, SprinklerSystem
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