37
Map
403 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 |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Listed by Windermere Real Estate | $829,900 | |
| Listed by Windermere Real Estate | |||
| Aug 28, 2025 | Price Decreased |
$799,999
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed | $849,999 | |
| Listed | |||
| | |||
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Welcome to your dream retreat in the heart of Palm Desert. This stunning 4-bedroom, 4.5-bathroom home blends sleek, modern design with the warmth of desert living--all located within the prestigious, guard-gated community of Desert Falls.Step inside to an open-concept floor plan featuring soaring ceilings, oversized sliding glass doors, and high-end finishes throughout. The gourmet kitchen boasts quartz countertops, premium appliances, and a spacious island--ideal for both casual meals and entertaining.Each bedroom includes its own en-suite bathroom, offering privacy and comfort for family and guests. The primary suite features a spa-inspired bath and direct access to the resort-style backyard.Outside, your private oasis awaits--complete with a sparkling pool, relaxing hot tub, lush desert landscaping, and multiple lounge and dining areas perfect for entertaining or soaking up the sun.Additional Features: Built-in electric vehicle charger Guard-gated entrance with 24/7 security Large, beautifully landscaped backyard Desert Falls community clubhouse & dining Fitness center, tennis & pickleball courts Resort-style community pool & spa Scenic walking paths and greenbeltsJust minutes from world-class golf, shopping, and dining, this home is perfect as a full-time residence or luxury desert getaway.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017