36847 Ferber 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 |
|---|---|---|---|
| Mar 14, 2025 | Listed | $1,979,999 | |
| Listed | |||
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A sanctuary tucked into the living heart of the picturesque Tamarisk Heights neighborhood of Rancho Mirage, this home is not simply a place to live -- it is a creative haven. Designed for those who seek beauty and know life is art with expansive views and timeless architecture that's been beautifully updated. Interior curated by renowned designer Michelle Boudreau, whose work has graced the pages of Architectural Digest. This updated Mid Century pool home with detached casita is offered FURNISHED, so you too can indulge in the design-curated living space and flow. Enjoy a welcoming, open and bright living area with a spacious chef's kitchen showcases an oversized waterfall quartz island and elevated appliances. The living room with fireplace offers the perfect spot to gather with friends while overlooking the private backyard oasis and expansive mountain views. Relax in the separate media room with XL wine fridge and bar sink, en-suite bath and loads of storage. Each well-designed, amply-sized bedroom provides a tranquil escape. Unwind and enjoy the views from the spacious primary retreat, boasting a spa-like ensuite bath with separate tub and large custom closet. Two well-appointed guest rooms offer plenty of space for visiting guests to enjoy. The private outdoor oasis features a saltwater pebble finish pool, separate sunken spa, large fire feature, outdoor shower, al-fresco dining, and large built-in BBQ bar, all surrounded by lush, updated landscaping. The free-standing casita with built-in office nook boasts a beautiful en-suite bath and massive walk-in closet. A short drive to El Paseo or downtown Palm Springs, this neighborhood is peaceful and a great place to take leisurely walks and embrace the desert lifestyle. On FEE land (no land lease), with no HOA, solar, car charger, 2-car attached garage with storage, this home is truly something special.
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| Jan 28, 2022 | No longer available | - | |
| No longer available | |||
| Dec 29, 2021 | In contract | - | |
| In contract | |||
| Dec 21, 2021 | Listed by Redfin Corporation | $1,240,000 | |
| Listed by Redfin Corporation | |||
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Remodeled Mid Century with casita, views, modern finishes and lots of living space! In sought after Rancho Mirage Tamarisk neighborhood, this home sits on a large lot with private casita overlooking the quintessential Palm Springs-style pool with outdoor shower at one end and built-in BBQ bar and fire pit at the other! Entire yard framed with newly planted ficus hedges adding privacy, lushness and myriad outdoor gathering areas for barbecuing, gathering around the fire pit on cool desert nights and lounging around the sparkling pool on sunny desert days! As you enter this home, there is an up-front bonus room perfect for an office, guest suite, gym, or studio -- you decide! Each room offers beautiful modern finishes throughout including bedrooms, bathrooms, casita, and kitchen area with sleek white cabinetry and gorgeous dark marbled quartz Waterfall Island overlooking the living room, dining room and the expansive western mountain views! With coveted work/life, private and common gathering spaces, this Rancho Mirage mini compound is perfect for primary work-from-home living, second home getaways, desert vacations and year-round enjoyment! No HOA and sits on fee land (you own it)! Just minutes away from downtown Palm Springs, El Paseo in Palm Desert, The River in Rancho Mirage, Eisenhower Medical as well as hiking, restaurants, shops and all the desert has to offer ~ partially furnished and ready for you to start enjoying the relaxing desert lifestyle in Rancho Mirage today! The manager has listed the unit size as 2378 square feet.
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| Dec 14, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017