51 Falcon Point
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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2024 | Relisted | $12,500,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Aug 12, 2024 | Listed | $12,500,000 | |
| Listed | |||
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This lavish 8,825 sq. ft. custom estate is nestled on 1.79 acres in the highly exclusive Mirada Estates community. This stunning property features two homes, amounting to six luxurious bedrooms and eight bathrooms, providing ample living space for comfort and privacy. With a detached 8-car garage and a 2-car attached garage. The infinity pool invites you to swim in luxury, accompanied by breathtaking views of the expansive valley below. The floor-to-ceiling moving glass wall systems that seamlessly blend indoor and outdoor living offers panoramic views of scenic Santa Rosa Mountains and the shimmering cityscape below. The estate boasts ''his and hers'' wings with two primary bedrooms, each featuring their own lavish closets and bathrooms, and a built-in sauna for the ultimate relaxation experience. In addition to the grand estate, the property includes a delightful smaller home, featuring two spacious bedrooms, living room, and kitchen area. Located in the exclusive Mirada Estates, adjacent to the Ritz Carlton Rancho Mirage, this small enclave offers a wealth of benefits. Residents enjoy significant discounts at the Ritz Carlton restaurants, as well as access to luxurious amenities, premium catering services, and accommodations, all at reduced rates. The 24-hour guard-gated community ensures privacy and security, while breathtaking 360-degree views of the Coachella Valley and stunning desert landscapes and wilderness surround you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017