55470 Cherry Hills Drive
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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 9, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Price Decreased |
$1,975,000
↓ $175K
(8.1%) | |
| Price Decreased | |||
| Jan 9, 2025 | Listed | $2,150,000 | |
| Listed | |||
| | |||
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Nestled against the majestic Santa Rosa Mountains, PGA West Paradise offers an extraordinary escape that perfectly blends serenity and elegance. Designed by renowned architect Guy Dreier, this architectural masterpiece features sleek modern glass walls and a signature fireplace, framing breathtaking panoramic views from every room.The primary suite is a private sanctuary, boasting a cozy fireplace, dual-head shower, and a luxurious steam room, offering the ultimate space to unwind and recharge. The expansive living areas showcase picturesque lake and waterfall views, complemented by a seamless indoor-outdoor flow that epitomizes the desert lifestyle.Accommodations include two spacious guest bedrooms with a shared living area, ideal for hosting family or friends, and an office that overlooks a grand courtyard entrance, combining functionality with sophistication.Outside, the property elevates outdoor living with a private putting green, sparkling pool, relaxing spa, and built-in grill, making it perfect for entertaining or enjoying quiet evenings under the desert sky.Situated near world-class golf courses, fine dining, and endless recreational opportunities, PGA West Paradise is more than a home--it's a lifestyle. Don't miss the chance to own this sophisticated oasis. Schedule your private tour today and make this desert dream yours!
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| Jan 25, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017