51889 Canyon Road
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 |
|---|---|---|---|
| Oct 11, 2025 | Listed | $780,000 | |
| Listed | |||
| | |||
|
NEW IMPROVED PRICE!! Two separate units plus a dome. Main house, converted garage into a studio and dome. Nestled on eight acres of serene, open land, this extraordinary property offers breathtaking panoramic views and unmatched privacy. It's a rare investment opportunity for a short-term rental or the perfect sanctuary for those seeking a vacation retreat. The main home boasts an open-concept design, featuring sleek, refinished concrete floors, a custom front door, and contemporary lighting fixtures. The kitchen is a showpiece, with chic cabinetry and stunning terrazzo countertops from Concrete Collaborative. A newly renovated two-car garage has been transformed into a refined studio apartment, complete with elegant hardwood floors, a fully equipped kitchen, and a modern bath. Adding to the property's unique allure is a striking glass dome, offering endless possibilities. Imagine it as a stylish living space, a vibrant entertainment hub, a peaceful stargazing lounge, or even additional rental accommodations. The outdoor space is equally captivating, featuring a private trailhead, a cozy fire pit, and a dining area surrounded by lush, mature succulents and trees. Expansive windows frame the property's awe-inspiring views and a distinctive outdoor mural, effortlessly blending indoor comfort with outdoor beauty. Additional highlights include a 250-foot water well with a 2,500-gallon tank and a 150-foot booster pump, ensuring efficient water flow. Ideally located just 20 minutes from Palm Springs, Joshua Tree, Pappy & Harriet's, and Pioneer Town, this property offers the perfect balance of seclusion and accessibility. Whether you're envisioning a vacation rental, an event space, or a peaceful retreat, 51889 Canyon is primed to make your vision a reality. 4 Bedrooms and 3 Baths. Garage was converted without permits and it's included in the bed and bath and estimated square footage count. Disclaimer: Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/bathroom count, lot size or lot lines, dimensions, permitted or non- permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
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| Jun 10, 2025 | Price Decreased |
$825,000
↓ $75K
(8.3%) | |
| Price Decreased | |||
| Nov 5, 2024 | Listed | $899,999 | |
| Listed | |||
| | |||
|
NEW IMPROVED PRICE!! Two separate units plus a dome. Main house, converted garage into a studio and dome. Nestled on eight acres of serene, open land, this extraordinary property offers breathtaking panoramic views and unmatched privacy. It's a rare investment opportunity for a short-term rental or the perfect sanctuary for those seeking a vacation retreat. The main home boasts an open-concept design, featuring sleek, refinished concrete floors, a custom front door, and contemporary lighting fixtures. The kitchen is a showpiece, with chic cabinetry and stunning terrazzo countertops from Concrete Collaborative. A newly renovated two-car garage has been transformed into a refined studio apartment, complete with elegant hardwood floors, a fully equipped kitchen, and a modern bath. Adding to the property's unique allure is a striking glass dome, offering endless possibilities. Imagine it as a stylish living space, a vibrant entertainment hub, a peaceful stargazing lounge, or even additional rental accommodations. The outdoor space is equally captivating, featuring a private trailhead, a cozy fire pit, and a dining area surrounded by lush, mature succulents and trees. Expansive windows frame the property's awe-inspiring views and a distinctive outdoor mural, effortlessly blending indoor comfort with outdoor beauty. Additional highlights include a 250-foot water well with a 2,500-gallon tank and a 150-foot booster pump, ensuring efficient water flow. Ideally located just 20 minutes from Palm Springs, Joshua Tree, Pappy & Harriet's, and Pioneer Town, this property offers the perfect balance of seclusion and accessibility. Whether you're envisioning a vacation rental, an event space, or a peaceful retreat, 51889 Canyon is primed to make your vision a reality. 4 Bedrooms and 3 Baths. Garage was converted without permits and it's included in the bed and bath and estimated square footage count. Disclaimer: Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/bathroom count, lot size or lot lines, dimensions, permitted or non- permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
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| Jun 18, 2021 | Sold | ||
| Sold | |||
| Feb 17, 2021 | Listed by HomeSmart | $640,000 | |
| Listed by HomeSmart | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017