$679,500
●
House -
Off Market
48149 Silver Spur
Palm Desert, CA 92260
3 Beds
2 Baths,
1
Half Bath
2,777 Ft²
$1,044,409
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Back on market and price reduced!! Incredible opportunity in Silver
Spur Ranch! Truly a rare and unique offering . . . Mid-Century home
on approx 1/2 acre near the top of Silver Spur Trail with beautiful
mountain views all around. Home features remodeled kitchen, 3
spacious bedrooms, large living room with beamed ceiling and
amazing views out the front and rear windows, large office or
multi-purpose room, workshop, enclosed patio facing the pool area,
large kidney shaped pool, and incredible huge rear yard with citrus
trees and mountain views. Fabulous mature landscaping front and
rear, with outdoor lighting, all very easy and low cost to
maintain. Furnishings negotiable. Super low HOA dues of $125 per
year. Home next door currently for sale for $1.55M. Ideal South
Palm Desert location near The Living Desert, El Paseo, hiking
trails, and so much more. Mid-century homes on 1/2 acre lots high
up in Silver Spur Ranch don't come around often, so don't miss out
on this one!
Unit Size
2,777 Ft²
Days on Market
116 days
Land Size
0.48 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
$10
Year Built
1961
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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: 4 months ago (CRMLS #218005082DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2023 | Sold | ||
| Sold | |||
| Sep 25, 2022 | Listed by Compass | $1,775,000 | |
| Listed by Compass | |||
| | |||
|
Located in the Silver Spur Ranch area of South Palm Desert, developed in the 1950s and was home to many celebrities, including Bing Crosby and Randolph Scott. A Rare offering for MCM California Ranch property on an oversized lot with 180 mountain views. The Main house consists of wall-to-wall ceramic flooring and large windows boasting natural light. High-end kitchen appliances, including Sub-Zero and Viking. Open floor plan featuring two living rooms. The secondary living room is currently the media room and has a private bathroom. The Primary Bedroom with direct pool access, fantastic mountain views, and an ensuite bathroom. The guest house was recently added fully permitted, with a living room, private bedroom overlooking the pool, and kitchen. All the pool equipment was just replaced and pulled above ground. The seller has created a unique property while updating the property in still maintaining the Classic Mid-Century feel in the highly south-after Silver Spur Ranch Community of South Palm Desert.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 21, 2020 | In contract | - | |
| In contract | |||
| Oct 11, 2020 | Listed | $1,150,000 | |
| Listed | |||
| | |||
|
Stunning Mid-Century California Ranch in the Silver Spur Ranch area of Palm Desert; which was developed in the 1950's and was home to many celebrities including Bing Crosby and Randolph Scott. The interior of this home was recently updated yet maintains the flavor and style of the period. The owners have impeccable taste and have decorated with a curated collection of Mid-Century furniture that is included in the sale of the home.The updates include; ceramic floors throughout, stunning tile in the baths and kitchen.The home features an open Living/Dining concept, state of the art cooks kitchen with high end appliances, and a media room ready for movie night.Two guest bedrooms share a bath and the Primary bedroom features an ensuite bath and large closet. There is an additional bath in the media room.The lot is oversized, almost 1/2 acre and features a large pool, desert landscape and a covered lanai. Mountain views from every point inside and out. This is the quintessential MCM home! The manager has listed the unit size as 2777 square feet.
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Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
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Type
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Baths
ft²
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Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Silver Spur Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,000 /mo
- 3 Beds
- 2 Baths
- 2,534 ft²
$7,000 /mo
- 2 Beds
- 2 Baths
- 1,512 ft²
Listed by: Robert Ledebur, EquiRealty Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 218005082DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 218005082DA
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