1
Map
$4,400,000
●
House -
Off Market
40365 Sand Dune Road
Rancho Mirage, CA 92270
6 Beds
6 Baths,
1
Half Bath
5,852 Ft²
$25,112
Est. Monthly
$585
HOA / Fees
About This Property
Your chance to own a piece of American history!!! This home is
privately situated on the exclusive Thunderbird Country Club Golf
Course, and enjoys one of the best golf course and mountain views
in all of Thunderbird. Formerly owned by Film & Dance Legend Ginger
Rogers, and then President Gerald Ford known as Ford's
''Secret Service House''. The home was rebuilt in 2016 and is now
one of the premiere properties in all of Thunderbird. This
incredible property is in wonderful company, next door to former
President Ford's home, and the iconic Firestone Estate. Situated on
approx 1/2 acre, and featuring over 5850 sq ft , the home was built
as 6 bedrooms 7 bathrooms. Currently the casita is being used
as a gym, and the 6th bedroom is an incredible media/TV room.
Walls of glass create a rare opportunity to enjoy the
fantastic views from all the living areas and primary bedroom.
The large living froom has a 16 ft long fireplace, and
incredible pocket sliders bringing the outside in, Other
features include a gorgeous glass pivot front door opening to the
wood paneled gallery entry with flush doors to 4 stunning bedroom
suitesand the media room. For those who love to entertain, the
outdoor space is wonderful with large entertaining areas
throughout, all enjoying spectacular views. Truly a unique
opportunity!!
Unit Size
5,852 Ft²
Days on Market
34 days
Land Size
0.72 acres
Price per sqft
$854
Property Type
House
Property Taxes
-
HOA Dues
$585
Year Built
1954
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #219105769DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | Listed by Windermere Real Estate | $4,995,000 | |
| Listed by Windermere Real Estate | |||
| | |||
|
Your chance to own a piece of American history!!! This home is privately situated on the exclusive Thunderbird Country Club Golf Course, and enjoys one of the best golf course and mountain views in all of Thunderbird. Formerly owned by Film & Dance Legend Ginger Rogers, and then President Gerald Ford known as Ford's ''Secret Service House''. The home was rebuilt in 2016 and is now one of the premiere properties in all of Thunderbird. This incredible property is in wonderful company, next door to former President Ford's home, and the iconic Firestone Estate. Situated on approx 1/2 acre, and featuring over 5850 sq ft , the home was built as 6 bedrooms 7 bathrooms. Currently the casita is being used as a gym, and the 6th bedroom is an incredible media/TV room. Walls of glass create a rare opportunity to enjoy the fantastic views from all the living areas and primary bedroom. The large living froom has a 16 ft long fireplace, and incredible pocket sliders bringing the outside in, Other features include a gorgeous glass pivot front door opening to the wood paneled gallery entry with flush doors to 4 stunning bedroom suitesand the media room. For those who love to entertain, the outdoor space is wonderful with large entertaining areas throughout, all enjoying spectacular views. Truly a unique opportunity!!
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 3, 2020 | In contract | - | |
| In contract | |||
| Oct 24, 2020 | Price Decreased |
$3,800,000
↓ $395K
(9.4%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Thunderbird
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Currently no similar homes aroundNearby Rentals
Listed by: Chuck Bennett, Windermere Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219105769DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219105769DA
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