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$5,700,000
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House -
Off Market
52469 Meriwether Way
La Quinta, CA 92253
6 Beds
6 Baths,
1
Half Bath
7,598 Ft²
$9,870,379
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
This custom home is located at The Madison Club with design that
springs from traditional Spanish architecture yet retains comfort
and transitional style. The grand interior courtyard with colossal
sliding doors connect to a great room, kitchen, dining room and bar
perfect for both indoor and outdoor living. The gourmet kitchen is
the center of the residence with state of the art appliances,
custom handmade cabinets, natural white quartz waterfall
countertops and a full second kitchen. Dual master suites include
grand fireplaces, spa inspired appointments, extra large walk-in
closets and private patios. An inviting terrace overlooks the
massive infinity pool, golf course, South and Western views of the
entire Santa Rosa and San Bernardino Mountains. Offered furnished
as per inventory.
Unit Size
7,598 Ft²
Days on Market
84 days
Land Size
1.05 acres
Price per sqft
$855
Property Type
House
Property Taxes
-
HOA Dues
$1,240
Year Built
2015
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #218029694DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2019 | Sold | ||
| Sold | |||
| Oct 23, 2018 | Listed by Hideaway Properties Corp. | $6,495,000 | |
| Listed by Hideaway Properties Corp. | |||
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 16, 2018 | Listed | $6,495,000 | |
| Listed | |||
| | |||
|
Proudly Presented by Madison Club Properties ~ This custom home is located at The Madison Club with design that springs from traditional Spanish architecture yet retains comfort and transitional style. The grand interior courtyard with colossal sliding doors connect to a great room, kitchen, dining room and bar perfect for both indoor and outdoor living. The gourmet kitchen is the center of the residence with state of the art appliances, custom handmade cabinets, natural white quartz waterfall countertops and a full second kitchen. Dual master suites include grand fireplaces, spa inspired appointments, extra large walk-in closets and private patios. An inviting terrace overlooks the massive infinity pool, golf course, South and Western views of the entire Santa Rosa and San Bernardino Mountains. Offered furnished as per inventory. The manager has listed the unit size as 7598 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Country Club of the Desert
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Listed by: Glenn Cassell, Hideaway Properties Corp.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 218029694DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 218029694DA
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