45611 Edgehill Drive
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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%.
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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.
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 |
|---|---|---|---|
| Jul 30, 2020 | Sold | ||
| Sold | |||
| Jun 6, 2020 | Listed by Coldwell Banker Realty | $789,000 | |
| Listed by Coldwell Banker Realty | |||
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New Listing! Absolutely stunning location up against the mountains...so close you'll feel like you've left the city and found paradise. And perhaps you have! This spectacular home of nearly 3,100 square feet is one of the newest in South Palm Desert, built in 2002. It has a private pool and spa and is immaculately decorated in a contemporary vibe. Offered partly furnished, this residence has a wonderful master suite with a dual-sided fireplace facing the bedroom and the luxurious spa tub. The kitchen island opens to the great room living and dining area, giving it that much-desired open floor plan. The lighting throughout this home is simply magical. The private pool with waterfall spillway is completely secluded yet the entire valley at night is visible from the elevated spa. This is one of South Palm Desert's most sought-after streets and is close to tennis and pickleball courts (but not too close!), miles of hiking trails, and the famous Palm Desert Cross. This residence is not in a homeowners association so there are no dues to pay or onerous rules to follow. A three-car fully finished garage tops out our list of features. Be sure to view our virtual tour!
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017