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47111 El Menara Circle
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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 |
|---|---|---|---|
| Sep 4, 2020 | Sold | ||
| Sold | |||
| Jan 30, 2020 | Listed by Coldwell Banker Realty | $460,000 | |
| Listed by Coldwell Banker Realty | |||
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Never before offered on the market! Owned by the original owner of 46 years, this very special 2 BR/2 BA villa offers EXCEPTIONAL LOCATION and sweeping SOUTHERN VIEWS of the golf course and magnificent mountains. Beautifully maintained while preserving its original Hollywood Regency style, this home brings a little tang of old Palm Springs with many classic elements, including highly sought after original cabinetry and the original dining room chandelier! The welcoming gated front courtyard provides a wonderful sense of privacy and greets you into the formal entry and well proportioned rooms with soaring 10 ft ceilings and walls of glass letting in gorgeous natural light in every room. This spacious home features 2 bedroom suites, both with walk-in closets and ensuite bathrooms. This is an incredible opportunity to own a home in one of the best locations in the club that can be restored to its original charm of the era or updated by your designer. Marrakesh is one of the most iconic clubs in the Desert. Club amenities include 18-hole executive golf course, fitness, tennis, 14 pools and a clubhouse with fine dining and magnificent views of the golf course and San Jacinto Mountains.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017