48387 Old Stone Trail
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 7, 2025 | Listed | $3,289,000 | |
| Listed | |||
| | |||
|
Timeless Lake Front Tuscan Estate With Spectacular Views Of The Lake And Mountains. Situated Perfectly On An Oversized Lot With Southern Exposure. This Prime Desert Home Was Built For Entertaining And Takes Full Advantage Of Its Scenic Surroundings. Intrigue Takes Over As You Stroll Through The Front Courtyard. As You Enter The Residence You Are Drawn To The Captivating Views From The Oversized Glass Doors And Windows Throughout The Beautifully Designed Open Floor Plan With Attention To Great Detail. There Are 2 Primary Bedrooms And A 3rd Bedroom With Private Bathroom, All Have Access To A Private Outdoor Area. There Is A Bonus Room That Offers Versatility For Various Lifestyle Needs. Stone Eagle Is Perfect If You Are Seeking A High End Desert Living Experience In A Secluded And Picturesque Location That Does Not Compromise With A Lake, Stream And Waterfalls. Just Steps Away From Boutiques, Shops & Eateries In The El Paseo District.
| |||
| Mar 27, 2024 | No longer available | - | |
| No longer available | |||
| Jan 16, 2024 | Price Decreased |
$3,450,000
↓ $150K
(4.2%) | |
| Price Decreased | |||
| Sep 8, 2023 | Listed by Homes Around The Desert | $3,600,000 | |
| Listed by Homes Around The Desert | |||
| | |||
|
Timeless Lake Front Tuscan Estate With Spectacular Views Of The Lake And Mountains. Situated Perfectly On An Oversized Lot With Southern Exposure. This Prime Desert Home Was Built For Entertaining And Takes Full Advantage Of Its Scenic Surroundings. Intrigue Takes Over As You Stroll Through The Front Courtyard. As You Enter The Residence You Are Drawn To The Captivating Views From The Oversized Glass Doors And Windows Throughout The Beautifully Designed Open Floor Plan With Attention To Great Detail. There Are 2 Master Bedrooms And A 3rd Bedroom With Private Bathroom, All Have Access To A Private Outdoor Area. There Is A Bonus Room That Offers Versatility For Various Lifestyle Needs. Stone Eagle Is Perfect If You Are Seeking A High End Desert Living Experience In A Secluded And Picturesque Location That Does Not Compromise With A Lake, Stream And Waterfalls. Just Steps Away From Boutiques, Shops & Eateries In The El Paseo District. The manager has listed the unit size as 3971 square feet.
| |||
| Mar 24, 2023 | Sold | ||
| Sold | |||
Property Highlights
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017