50 Paseo Montecillo
About This Property
Enter through a private courtyard, where you'll be greeted by a sparkling pool with serene water features, setting the tone for a perfect desert retreat. A detached casita, featuring its own bedroom and bathroom, overlooks the pool, offering a peaceful and private escape for guests. At the rear of the home, the spa, complete with a fire feature, creates a tranquil atmosphere for relaxation under the stars.
The expansive primary suite is a true sanctuary, featuring French doors that lead directly to the spa area. The en-suite bathroom is a luxurious retreat with dual vanities, a deep soaking tub, a large walk-in shower, and a spacious walk-in closet.
The heart of this home is its chef-inspired kitchen, which boasts built-in appliances, sleek granite countertops, and pull-out shelving for maximum convenience. Whether you're preparing a gourmet meal or enjoying casual dining, the space is designed for both functionality and style. Outside, the custom barbecue and smoker provide the perfect setup for outdoor entertaining.
The home also includes a solar lease, which the new owners will need to assume, ensuring energy efficiency and sustainable living.
This is an unparalleled opportunity to own a luxury home in Palm Desert's sought-after Palmira community-where elegance, privacy, and convenience blend seamlessly together. Don't miss your chance to make this stunning property your own!
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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 |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by Miriam Santana | $1,149,000 | |
| Listed by Miriam Santana | |||
| Aug 8, 2023 | No longer available | - | |
| No longer available | |||
| Jun 12, 2023 | In contract | - | |
| In contract | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017