368 Cypress Point Drive
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%.
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 |
|---|---|---|---|
| Jan 23, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | Listed by Luca Realty Trust, Inc. | $640,000 | |
| Listed by Luca Realty Trust, Inc. | |||
| | |||
|
Welcome to a rare opportunity to own a home in the coveted Links Community of Desert Falls, nestled within a 24-hour guard-gated community in the heart of Palm Desert. This exquisite property offers the perfect blend of sophistication, comfort, and potential, with generous spaces and endless possibilities. Step into open, light-filled living areas designed for both intimate gatherings and large-scale entertaining. The home features soaring high ceilings that create a sense of grandeur and elegance, while the three fireplaces throughout provide warmth and a cozy ambiance. The layout is both inviting and versatile, making it perfect for modern living. This residence is move-in ready, but also offers the option to update and personalize to your taste. With its OWNED solar system, you'll enjoy the benefits of energy efficiency and reduced utility costs. One of the standout features of this home is its expansive backyard, offering a blank canvas to design your dream outdoor oasis--whether it's a resort-style pool, lush garden, or a grand outdoor entertaining space. The possibilities are endless for transforming this large, private yard into your personal paradise. The home also includes a spacious three-car garage, perfect for car enthusiasts or providing ample storage space. Only 66 homes in the Links community within the Desert Falls 24 hour guard gates. Extensive amenities include, pool, pickleball, golf course, and more.
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| May 30, 2022 | No longer available | - | |
| No longer available | |||
| May 24, 2022 | Price Decreased |
$819,000
↓ $50K
(5.8%) | |
| Price Decreased | |||
| May 16, 2022 | Price Decreased |
$869,000
↓ $60K
(6.5%) | |
| Price Decreased | |||
Property Highlights
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017