$2,150,000
●
House -
Off Market
48651 Shady View Drive
Palm Desert, CA 92260
3 Beds
4 Baths
3,474 Ft²
$10,929
Est. Monthly
$126
HOA / Fees
About This Property
Upgraded Contemporary Home offering the BEST in Palm Desert
Lifestyle Living.Experience the best of modern living in this
remodeled 3-bedroom, 3.5-bath contemporary home, designed for
seamless indoor-outdoor Desert lifestyle living. This stunning
property offers extensive upgrades throughout, perfect for those
seeking a turnkey lifestyle residence.Interior Highlights: Kitchen
Complete Remodel - Includes new countertops, upgraded cabinetry,
appliances, sinks, faucets, and hardware. New large-format ceramic
tile flooring and updated lighting fixtures.HVAC: Brand new HVAC
unit, water heater, and American Standard smart climate controls.
New electrical panel installed.Master Suite: Custom closet system
with built-in security drawers.Bathroom Upgrades: New toilets,
sinks, faucets, and light fixture.Garage: New garage door opener
installed.Exterior & Outdoor Living:Pool: Completely new deck, pool
plaster, new tile surround, water fountain, and new Aqualink smart
pool equipment.Landscaping: All-new landscaping with new LED
lighting, new sprinkler system controlled by Rachio smart
system.Outdoor Hardscape: New concrete installed at front entrance,
kitchen side yard, and rear terrace.Gated Entry: New modern entry
and side gates with upgraded hardware.Security: Full alarm system
with six hard wired exterior camera and light surveillance.Smart
Home Ready: Integrated smart features including climate,
irrigation, and security systems.This home blends modern style with
functionality, tranquil living and integrated technology, perfect
for entertaining and relaxing. Move-in ready within a wonderful
community, The Summit, all just 5-minute drive to downtown El Paseo
District, Golf & Tennis, Hiking Trails and more.
Unit Size
3,474 Ft²
Days on Market
59 days
Land Size
0.30 acres
Price per sqft
$633
Property Type
House
Property Taxes
-
HOA Dues
$126
Year Built
1987
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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: 11 months ago (CRMLS #219136808DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Oct 29, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Desert Sotheby's International Realty | $2,200,000 | |
| Listed by Desert Sotheby's International Realty | |||
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | Listed by Equity Union | $1,975,000 | |
| Listed by Equity Union | |||
| | |||
|
Experience luxury living at its finest in the heart of Palm Desert. This stunning home, located in the coveted Summit neighborhood, is a true gem. As you step through the front gate, you'll be greeted by a beautiful courtyard, complete with a sparkling pool and spa, perfect for enjoying the warm California sun. The home's open floor plan, soaring ceilings, and designer furnishings exude elegance and sophistication. The primary retreat offers a peaceful sanctuary, with pool views that will take your breath away. This home also features top-tier fixtures, clerestory windows for abundant natural light, and ample wall space for showcasing your art collection. Plus, with private guest rooms, your visitors will feel right at home. Embrace the epitome of contemporary design in this splendid luxury home. Has home gym and a separate laundry area. Home being sold furnished - art, sculptors, and dining room table/chairs excluded.
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Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palm Desert
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: David Kibbey, Desert Sotheby's International Realty
Last Updated: 11 months ago
Data Source: CRMLS, MLS# 219136808DA
Last Updated: 11 months ago
Data Source: CRMLS, MLS# 219136808DA
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