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5188 Godwin
About This Property
Rare opportunity to own an authentic 10-acre Wonder Valley compound featuring two separate vintage desert homes, each situated on its own 5-acre parcel, offered together to create an extraordinary private retreat in one of the High Desert's most iconic landscapes.
5188 Godwin Road features a charming 1-bedroom, 1-bath residence with a flex space ideal for an office or 2nd bedroom totaling approximately 1,000 sq. ft., while neighboring 5148 Godwin Road offers an intimate 1-bedroom, 1-bath residence of approximately 680 sq. ft. Both homes date to 1958, carrying the character and soul of early Wonder Valley desert living.
Together, the two parcels encompass approximately 10 fully fenced acres with a private shared well, creating a rare sense of independence, privacy and space. Perched within the wide-open Wonder Valley landscape, the property enjoys spectacular 180-degree views, dramatic sunrises and sunsets, distant Joshua Tree National Park vistas and the extraordinary dark skies that make this area so special.
This is more than acreage, it is a piece of Wonder Valley history. The property's well once played a role in the surrounding desert community, with water stored in a tank elevated on cinder-block supports and used for water delivery in the valley. Today, that historic structure has been creatively reimagined as an outdoor swing-bed retreat, a small reminder of the property's desert past.
The two residences create endless possibilities: establish a private family compound, live in one home while operating the second as a guest residence or vacation rental, create an artist or creative retreat, or continue building upon the property's established history as a desert destination. Both homes have previously enjoyed successful rental.
Outdoor living is woven throughout the property with covered gathering spaces, a dramatic stone fireplace, spa/jacuzzi areas, a spot to put an above ground pool and numerous places to relax beneath the vast desert sky. The smaller residence adds its own distinctive personality with warm Spanish-inspired details, a sunken living room and Saltillo tile, while the main residence offers classic vintage desert character and inviting indoor/outdoor living.
Properties like this are increasingly difficult to replicate: two homes, two 5-acre parcels, 10 fenced acres, a private well, panoramic views and authentic Wonder Valley history, all in one remarkable 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 29, 2026 | Sold | ||
| Sold | |||
| Sep 9, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Listed by Joshua Tree Modern | $375,000 | |
| Listed by Joshua Tree Modern | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017