Listed by: The Hamilton Real Estate Group, Coldwell Banker Realty
$875,000
●
House -
Off Market
46460 Manitou Drive
Indian Wells, CA 92210
3 Beds
4 Baths,
1
Half Bath
2,383 Ft²
$1,176,636
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Nestled near the base of the Santa Rosa mountains of Indian Wells,
this beautiful, contemporary home boasts breathtaking mountain
views and the ultimate privacy! The open floor plan allows for the
perfect entertainment flow between the family room, dining room,
kitchen, and outdoors. The floor to ceiling sliding glass doors
showcase the private backyard with sparkling pool, relaxing spa, a
built-in 6 burner barbecue with side burner, and automatic shade
awning. A spacious master bedroom features a walk-in closet, double
vanities, and separate shower and soak-in tub, and the two guest
bedrooms each have an ensuite bathroom and stunning east-facing
mountain views. The expansive private back yard is perfect for
entertaining friends and family with perimeter trees for privacy
and panoramic mountain views that make it feel like your own
private resort. You'll enjoy the Indian Wells resident benefits
that include tickets to the BNP Paribas tennis tournament,
discounted green fees at Indian Wells Golf Resort, discounts at
local restaurants, and more. The $650 PER YEAR HOA fees are
among the lowest in the area.
Unit Size
2,383 Ft²
Days on Market
124 days
Land Size
0.23 acres
Price per sqft
$388
Property Type
House
Property Taxes
-
HOA Dues
$54
Year Built
1976
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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: 3 years ago (CRMLS #219051090DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2021 | Sold | ||
| Sold | |||
| Oct 4, 2020 | Listed by Coldwell Banker Realty | $925,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 6, 2020 | No longer available | - | |
| No longer available | |||
| May 13, 2020 | Price Increased |
$859,000
↑ $60K
(7.5%) | |
| Price Increased | |||
| Jan 5, 2020 | Listed | $799,000 | |
| Listed | |||
| | |||
|
Rare opportunity to live within the Indian Wells Country Club gates for only $650 PER YEAR homeowners' association dues. Recently remodeled 3 bedroom, 3.5 bath home in Manitou Springs is designed in neutral tones that are easy on the eyes and in impeccable, detailed condition. All bedrooms are complete with their own baths. Nestled near the base of the stunning hills of Indian Wells, this property boasts breathtaking mountain views with ultimate privacy, providing all the very best of gracious desert living. Open floor plan allows for the perfect entertainment flow between the family room, dining room, kitchen and outdoors. The floor to ceiling sliding glass doors showcase the exquisite backyard with sparkling pool, relaxing spa, with features such as a built-in 6 burner barbecue with side burner, automatic shade awning, and fire pit. Lush lawn is landscaped with perimeter trees affording privacy. This is truly a gem in a prime desert location, and is priced for immediate sale! The manager has listed the unit size as 2383 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indian Wells
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Listed by: The Hamilton Real Estate Group, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051090DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219051090DA
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