$1,550,000
●
House -
Off Market
56485 Village Drive
La Quinta, CA 92253
4 Beds
5 Baths,
1
Half Bath
4,672 Ft²
$1,745,273
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Magnificent 4BD/4.5BA 4672 sq. ft. CUSTOM home with separate gaming
room, casita & office, located in The Palm's exclusive Golf Course
Community offers the ultimate setting for luxury, comfort &
entertainment! Large courtyard with water feature impresses from
the start leading to the double iron & glass door entry. Spacious
Great Room floor plan features high vaulted beamed ceilings, formal
dining room, large sit-down bar, stacked stone fireplace, exquisite
custom lighting and window coverings. Experience the finest in
Indoor/Outdoor Desert Lifestyle with grand wall length Lanai
folding doors that open onto stunning panoramic golf course &
mountain views! Crown Molding, large baseboards, beautiful tile
flooring and sound system throughout are just a few of this amazing
home's notable upgrades. Chef's kitchen features stainless steel
appliances, double oven & large pantry. Enormous custom walk-in
closet and stacked stone fireplace in Master. Expansive patio area
is enhanced with high vaulted wood beamed ceilings, custom
lighting, fireplace, large built-in tiled bar and BBQ, salt system
pool/spa with tanning deck & multiple rock & waterfall features .
3-car garage. Turnkey furnished.
Unit Size
4,672 Ft²
Days on Market
31 days
Land Size
0.35 acres
Price per sqft
$326
Property Type
House
Property Taxes
-
HOA Dues
$400
Year Built
2008
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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 #219065095DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | Listed by Compass | $1,525,000 | |
| Listed by Compass | |||
| Jul 29, 2017 | Listed | $1,099,000 | |
| Listed | |||
| | |||
|
Reduction! Welcome to your own piece of paradise at The Palms in La Quinta. Sweeping, panoramic, South, West, & North views are yours to enjoy here at The Palms Golf Club. This custom, luxury home overlooks the 14th fairway & includes a master suite, a Casita suite with access from the private courtyard, game room & two guest rooms which are just the right size. Here your family & friends are sure to enjoy the desert lifestyle, enjoying an evening libation in front of the fire on the large patio area or taking advantage of the private pool/spa & BBQ. Inside, the great room with built-in wet bar & fireplace, flows from the courtyard out to the rear patio thru accordion doors. The chef's kitchen offers inside & outside dining options & features a center island, butler's pantry, stainless steel appliances, & great views. Come see the stunning views & sunsets here, where just 101 homes line the perimeter of the golf course in this gated La Quinta community. Low HOA's and even a dog park.The manager has listed the unit size as 4672 square feet.
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About La Quinta
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Listed by: Joe Vetrano, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065095DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219065095DA
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