44550 Elkhorn
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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 |
|---|---|---|---|
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 8, 2024 | Price Decreased |
$775,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Aug 29, 2024 | Listed by Coldwell Banker Residential | $785,000 | |
| Listed by Coldwell Banker Residential | |||
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Your Opportunity to Live with a 2+ Acre Resort Right in Your Backyard! Enjoy resort-style living in Indian Wells without the high prices and country club fees. This is your gateway to the exceptional quality of life in Indian Wells, including IW resident amenities, where a hidden gem with low HOA dues awaits. This 4-bedroom, 3-bathroom, 2,004 square foot updated home is just yards away from both the Indian Wells Tennis Garden and the Indian Wells Golf Resort. While the good bones of the original 1959 wedge roofline, mid-century modern design by renowned architect Adrian Wilson remain, the home has been thoughtfully updated over the years to meet contemporary standards. Step inside and discover a blend of charm and modern convenience. The open-concept layout is perfect for entertaining, with a spacious living room, comfortable dining area, and a seating lounge. The heart of the home is a chef's kitchen featuring a 16-foot solid surface island, with storage. Enjoy a built-in coffee bar, and a large pantry as well. Automated home features throughout, a water softening system and air purifier add to the modern comforts plus many more. The primary suite is bright and spacious with a beautiful trey ceiling and a well-appointed ensuite bathroom with dual vanities, a shower and a whirlpool tub. An additional bedroom/office includes its own ensuite bathroom. Bedrooms 3 and 4 are equal in size, offering plenty of closet space and sharing a beautifully updated Jack and Jill bathroom. In this short-term rental friendly community the home can be used as an investment or lucrative income stream, the flexible layout is perfect for large groups, families, golf or getaway weekends. The private patio is ideal for year-round entertaining, complete with fire pit, fans, party lighting controlled by your phone, and a commercial-grade misting system. The 2+ acre community retreat includes a heated pool, sand volleyball court, shuffleboard, and horseshoe pits, all framed by tall palm trees and majestic mountain views. The spacious 2-car garage offers over 450 square feet, featuring wall cabinet storage, shop lighting, windows, and a ceiling fan, perfect for hobbyists and all your toys. This home provides a rare opportunity to enjoy the best of Indian Wells living with its rich history, modern updates, and resort-style amenities. Schedule your private showing today and start your journey to elevate your lifestyle amidst the beauty of Indian Wells.
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About Indian Wells Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017