$6,625,000
●
House -
Off Market
52679 Meriwether Way
La Quinta, CA 92253
5 Beds
6 Baths,
1
Half Bath
7,015 Ft²
$9,293,490
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Welcome to The Madison Club! This stunning contemporary home built
by Rucker Muth Luxury Builders offers awe inspiring views of the
Santa Rosa Mountains with 5 bedrooms, 5 full / 1 half baths and
7,015 sq. ft. The chef's kitchen showcases top of the line Wolf
Appliances, Burl Wood Cabinetry, a butler's pantry and oversized
island all overlooking the great room. A gorgeous wall of onyx
surrounds the fireplace and custom built-in's. Take in the views
from the luxurious master suite that includes a large soaking tub,
oversized shower and separate his and hers vanities. Additional
guest suites and media room complete this home along with its
numerous custom features. Pocketing doors lead you towards the
expansive back yard with a 50' lap pool, spa and water feature with
custom lighting. Perfect for entertaining, this home has a great
indoor / outdoor vibe with high ceilings and custom wood panels
throughout with access to the World Class Tom Fazio Golf Course.
Unit Size
7,015 Ft²
Days on Market
17 days
Land Size
0.55 acres
Price per sqft
$991
Property Type
House
Property Taxes
-
HOA Dues
$4,050
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: 3 years ago (CRMLS #219050896DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2022 | No longer available | - | |
| No longer available | |||
| Apr 30, 2022 | Listed by Madison Club Properties | $12,990,000 | |
| Listed by Madison Club Properties | |||
| | |||
|
Welcome to the Madison Club! Just inside the gates of this stunning contemporary estate are tranquil bubbling water features that lead to double glass entry doors. The floor to ceiling glass doors of the great room pocket away to a luxurious outdoor living room, raised spa, zero edge pool with massive tanning shelf and spectacular fire features to allow you to take in the awe-inspiring views of the Santa Rosa Mountains. This custom estate offers 5 bedrooms, 5 and a half baths and 7,015 sq. ft. of lavish living space. After a day on the World Class Tom Fazio course, retire to the opulent primary suite with spa inspired bath including a private jacuzzi, oversized shower and dual vanities. Offered designer furnished per sellers inventory. The manager has listed the unit size as 7015 square feet.
| |||
| Oct 23, 2020 | Sold | ||
| Sold | |||
| Oct 6, 2020 | Listed by Madison Club Properties | $6,950,000 | |
| Listed by Madison Club Properties | |||
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 La Quinta
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Listed by: Glenn Cassell, Madison Club Properties
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219050896DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219050896DA
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