48300 OPAL Drive
About This Property
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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 |
|---|---|---|---|
| Jun 11, 2021 | Sold | ||
| Sold | |||
| May 19, 2021 | Listed by Desert Sotheby's International Realty | $1,150,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Enjoy the Ultimate Desert Lifestyle in this architecturally stunning custom home in The Summit South Palm Desert on an elevated oversized lot with panoramic mountain vistas. The upgraded desert landscaping leads to a dramatic double doors entrance. Entertainment great room with custom bar area includes modern fireplace, dining area. This sophisticated home features master bedroom suite that opens to a private verandah. The master retreat includes over-sized luxury bathroom with shower & custom tub along with an extra-large walk-in closet. Kitchen is a chef's delight with quartz counter tops all popular breakfast bar along with designer backsplash gas stove top. The outside entertainment pavilion with private pool & spa includes spacious custom barbeque area so you can experience the desert lifestyle at its best. The oversized two car garage has lots of extra storage space. Call today to experience The Summit located up the hill near Ironwood Country Club & El Paseo world class shopping and restaurants.
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| May 14, 2019 | Sold | ||
| Sold | |||
| Jul 9, 2018 | Listed by Bennion Deville Homes | $789,000 | |
| Listed by Bennion Deville Homes | |||
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Newly Remodeled home in in one of the best south Palm Desert neighborhoods with beautiful mountain views. Enter through large glass doors into an open concept living room that flows into the kitchen. This floor plan features a spacious living room and dining room with gorgeous, custom exposed wooden beams, and a cozy fireplace. Step outside with plenty of room to entertain around the pool and open covered patio. Large master bath with HUGE walk-in closet.. Beautiful, low maintenance desert landscaping throughout. Close to El Paseo the Rodeo drive of the desert.
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| Mar 15, 2018 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017