44 Lucerne Drive
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 3, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by The Agency | $1,795,000 | |
| Listed by The Agency | |||
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Welcome to 44 Lucerne Drive, a premier estate located on the largest of 98 custom home lots in the desirable guard-gated community of Montecito Homes. This beautifully upgraded residence is an Entertainer's dream situated along the 11th fairway of the prestigious Desert Willow Firecliff golf course, offering sensational views of the Santa Rosa and San Jacinto mountain ranges. Enjoy lounging by the private pool, relaxing in the spa, or dining under the covered patio with the music and fireplace on, all while taking in breathtaking sunsets over the desert mountain skyline. With four bedrooms, four bathrooms, an office, a pass-through indoor/outdoor bar, a built-in ice maker, and wine refrigerators in nearly 4,000 square feet of living space, this home is perfect for hosting and entertaining guests. The numerous windows and sliding glass doors throughout the home provide ample natural light and create a seamless connection between the resort-style backyard, the open living area, and the chef's kitchen. The interior features vaulted wood beam ceilings, large slate tile floors, and multiple fireplaces, allowing for a harmonious flow between indoor and outdoor living. The inviting covered patio boasts a gas fireplace, a large flat-screen TV, professional-grade double misters, and sensor-controlled retractable awnings. Additional highlights of this stunning home include a waterfall pool, a spa, firepit, and grill area with NEW Alfresco built-in BBQ, as well as 3 NEW Trane HVAC units, OWNED solar panels, Hunter Douglas automated blinds, newly renovated outdoor lighting, hardscaping and landscaping, a fully app-driven smart home system, four indoor and outdoor Sonos & Control 4 sound systems, a two-car and golf cart garages. Conveniently located only 2 miles from I-10 off of Cook St and less than 1 mile from grocery and drug stores, along with dry cleaners, nail salon, boutique shopping, and restaurants (Ralph's, Rite Aid, Morton's Steakhouse, Cork Tree, Waldo's, Katsuyama, & IW Coffee).
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| May 2, 2019 | No longer available | - | |
| No longer available | |||
| Jan 1, 2019 | Listed | $1,150,000 | |
| Listed | |||
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Premiere, Contemporary, Mediterranean style estate property, situated on the largest lot in the 98-custom home, private gated Community of Montecito. Spectacular site with preferred South and West views, bordering the 11th Fairway of the Firecliff Course/Desert Willow Golf Resort. Breathtaking, backdrop of Santa Rosa and San Jacinto Mountain ranges and skyline capture some of most dramatic VIEWS within all of Palm Desert. Wonderfully setback from the street with low profile privacy gates surrounded by professionally designed landscape setting enhance the captivating point of arrival through an inviting turret-like grand, front door entrance. Once inside, you are overtaken by the magnificent indoor/outdoor mountain/golf view experience unique within this Community. Living Room, wet bar, elegant, spacious kitchen and adjoining open Great Room capture your attention immediately. Master Bedroom and Bath reflect level of luxury that you would expect in a home of this exceptional quality. The manager has listed the unit size as 3997 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017