35659 Tranquil Pl
About This Property
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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%.
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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 |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Listed by Esquire Realty | $699,000 | |
| Listed by Esquire Realty | |||
| Dec 6, 2024 | Listed | $795,000 | |
| Listed | |||
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Welcome to an exquisite sanctuary of luxury at 35659 Tranquil Place where this territorial revival style home is nestled in the exclusive gated community of Serenity Cove, with 64 semi custom homes. This designers own home is a remarkable 3-bedroom with a 4th office convertible bedroom, 3-bath residence redefining elegance and comfort. The sprawling 2,160 sq ft interior is adorned with modern architectural features like high ceilings, a graceful see-through gas fireplace between the living room and dining area, and recessed lighting throughout. The spacious primary bedroom offers a serene retreat with not only ample sleeping area but enough room to relax with views to lush gardens. Its ensuite bathroom features a separate shower and a deep soaking tub designed for ultimate relaxation. Sliding doors lead out to an ultra-lavish, European-inspired garden, complete with a private pool and spa surrounded by serene waterfalls. Enjoy evenings with friends in the tranquil sitting areas, all while surrounded by lush landscaping. Cutting-edge solar panels and a heat pump water heater provide eco-friendly living, making this property as sustainable as it is stunning. This water heater not only heats water but cools the storage and garage, which is much needed in the summer. Situated near vibrant shopping and dining options, as well as recreational areas, this is more than just a home--it's a lifestyle.
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About Cathedral City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017