48671 Shady View 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 |
|---|---|---|---|
| Apr 14, 2022 | No longer available | - | |
| No longer available | |||
| Apr 1, 2022 | In contract | - | |
| In contract | |||
| Mar 10, 2022 | Listed by Redfin | $1,674,000 | |
| Listed by Redfin | |||
| | |||
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Welcome to luxurious and spacious South Palm Desert Living at the Summit. This grand 4 BR / 4 BA / 2 car garage home and golf cart garage, has been gorgeously updated and celebrates the natural environment with many large windows, lots of light and a stunning swimming pool in the heart of the lot. Upon entering from the impressive wood, double doors, you are greeted by a regal, king sized great room that has been revived with new wood flooring and baseboards; a retextured ceiling; lovely stone column. The kitchen has all new white Quartz counters, under cabinet LED lights; under cabinet plugs and high end Moen kitchen faucet; motion censored cabinet lighting; recessed lighting; a bill pay station; and more! There is also a formal dining area; undercounter and new LED lighting; and bar area; and a stately bar area with new wine refrigerator. The primary bedroom has beautiful high ceilings; new stainless-steel light fixtures; a master closet with dressing area island; and an extra-long white Quartz dual vanity! The 3 secondary bedrooms are all ensuite. The gorgeous saltwater pool is Wi-Fi enabled and was just resurfaced with mini stone aqua blue. The yard has had many interior updates including new palm trees; new all drip irrigation; new French drains; and so much more! A short golf car ride to Big Horn, Ironwood, and Marrakesh country clubs. A stunning reimaging of contemporary desert aesthetics! (Reference as new = 2022). Plus many more upgrades; list available. The manager has listed the unit size as 3709 square feet.
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| Jan 11, 2022 | Sold | ||
| Sold | |||
| Sep 5, 2021 | Listed by The Lori Bowers Group | $1,175,000 | |
| Listed by The Lori Bowers Group | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017