20
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47053 Marrakesh 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 |
|---|---|---|---|
| Oct 3, 2026 | Listed by Desert Sotheby's International Realty | $849,000 | |
| Listed by Desert Sotheby's International Realty | |||
| Apr 2, 2014 | Sold | ||
| Sold | |||
| Jan 28, 2014 | Listed by Coldwell Banker Realty | $389,500 | |
| Listed by Coldwell Banker Realty | |||
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High-end remodeling, location and pride of ownership are the most sought after features by all home buyers.This gorgeous 2BD and 2BA plus office home, offers these qualities among other amazing highlights, including gourmet chef's kitchen, stainless steel appliances, granite counters, atrium style bathrooms, beautiful hardwood floors, plantation shutters, custom paint, tiled patio and exquisite front courtyard, two water features, custom awnings, paved driveway. Open living room showcases elegant fireplace and floor to ceiling panels of glass. This home offers an elegant floor plan and tasteful furnishings. Large Master Suite has a spacious walk-in closet. Extended back patio provides privacy of the beautiful park-like greenbelt with mature trees. Club amenities include a challenging 18 hole executive course, state of the art fitness center, 14 pools/spas, tennis, bridge, active club house with fine dining. Come for the exceptional architecture and views and stay for the lifestyle.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017