47388 Marrakesh Drive
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Feb 13, 2024 | Listed by Coldwell Banker Realty | $835,000 | |
| Listed by Coldwell Banker Realty | |||
| May 2, 2023 | No longer available | - | |
| No longer available | |||
| Jan 11, 2023 | Listed by Bennion Deville Homes | $925,000 | |
| Listed by Bennion Deville Homes | |||
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Palm Desert's Marrakesh '' A Country Club That's Chic Again'' as featured in the New York Times, imagined by Palm Springs visionary Johnny Dawson and designed by legendary John Elgin Woolf is like nothing else. This unique large 2 bedroom, 3 bathroom villa has a highly desirable elevated corner lot location with mountain views and immediate access to a pool and spa. The interior features extensive use of tile flooring, plantation shutters, an open plan kitchen retaining the original John Elgin Woolf design influence, a large guest bedroom, 10 ft ceilings, large walk in closet, a beautiful entry courtyard and much more. The Marrakesh Club House, currently undergoing a 2 year complete renovation, was re-imagined under the vision of the renowned country club designer Tom Scheere. It is due to be completed in March of 2023. It will feature both casual and fine dining, a fitness center, beautiful mountain and golf course views, and a fully staffed golf pro shop. This is your chance to become part of the acclaimed Marrakesh life style. The manager has listed the unit size as 2205 square feet.
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About Palm Desert
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Currently no similar homes aroundNearby Rentals
$4,250 /mo
- 4 Beds
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$3,950 /mo
- 2 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017