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48500 Opal 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 |
|---|---|---|---|
| Sep 16, 2026 | Listed by Compass | $1,895,000 | |
| Listed by Compass | |||
| Apr 23, 2021 | Sold | ||
| Sold | |||
| Mar 17, 2021 | Listed by Coldwell Banker Realty | $1,250,000 | |
| Listed by Coldwell Banker Realty | |||
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Come and see your new Dream Home! This 3 bedroom pool home has been completely luxury upgraded from top to bottom side to side! When arriving at the community of the SUMMIT high up in South Palm Desert with low HOA fee's- you will see this beautiful home located on an oversized nearly a 1/2 of an acre estate lot in the most private serene setting the area has to offer with enormous estate lawns in the back and front and a $200,000 Tessera back yard with pebble tec pool and spa and waterfalls with a fireplace on the patio for entertaining and family fun! Once entering thru the huge front doors you will find that this home has engineered wood floors throughout and a gorgeous luxury kitchen with quartz counters, high end cabinets and a Sub Zero built in refrigerator and commercial Thermador range and ovens. This kitchen is open to both huge living area's that both have fireplaces, and don't miss the walk in temperature controlled wine room! The master bedroom and bathroom are huge and both guest bathrooms have their own bathroom suites with beautiful new stone showers! New heat and air systems and new water heater, and upgraded electrical and plumbing mechanicals throughout the home, and the recessed lighting throughout this home is incredible. 3 car garage.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017