48320 Beverly 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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 11, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Price Decreased |
$1,000,000
↓ $150K
(13%) | |
| Price Decreased | |||
| Sep 4, 2025 | Listed by Bayside Real Estate Partners | $1,150,000 | |
| Listed by Bayside Real Estate Partners | |||
| Mar 29, 2025 | Listed | $1,150,000 | |
| Listed | |||
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South Palm Desert with unparalleled WRAPAROUND, ELEVATED VIEWS of the mountains and city below. Patio spaces surround the home and face all directions with stunning scenery. The primary suite and first large family room are located on the North side of the home while the other 2 bedrooms, and EXTRA FAMILY ROOM are on the other side, separated by the open kitchen, dining area and contemporary 2-sided fireplace. Everyone has plenty of their own space in the home and every room has direct access to the pool and spa. The primary bathroom has been extensively updated and the entire property has been meticulously maintained and upgraded over the years. The pool/spa have NEW EQUIPMENT, and the plumbing and electrical have been upgraded within the home. The spacious property boasts views, privacy, NO HOA dues, multiple HVAC zones, and a private pool and spa featured in the center of the home. Don't miss this jewel that's been rumored to be a vacation retreat to stars and dignitaries that also happens to be right up the road from the world famous El Paseo, call today!
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017