$1,200,000
●
House -
Off Market
56690 Merion
La Quinta, CA 92253
4 Beds
5 Baths
3,074 Ft²
$6,813
Est. Monthly
$920
HOA / Fees
3.58%
Cap Rate
About This Property
Immaculate Highland 3 Plan with Prime Location and Stunning Views -
PGA West Nicklaus PrivateSet back from the street on a premium,
wide-frontage lot, this beautifully maintained Highland 3 home in
the prestigious PGA West Nicklaus Private community offers
luxurious desert living at its finest. Enjoy breathtaking views of
the serene lake and the 8th hole green from your private backyard
oasis.This highly desirable layout includes a detached casita, a
rare double golf cart garage, and a spacious side yard--perfect for
entertaining or even adding a pool. Inside, the home boasts
numerous upgrades, including:A chef's kitchen with modern finishesA
stunning master bathroom and a chic master suite, thoughtfully
separated from the other bedrooms for privacyAn expanded dining
room ideal for gatheringsElectric awning over the rear patio for
shaded relaxationNew 2'' insulated garage doors and
openerPlantation shutters, Duette blinds, and 6'' baseboards
throughoutNew R45 attic insulation for energy efficiencyAdditional
features include high ceilings with stylish ceiling fans in all
living areas and bedrooms, a private interior courtyard, a
climate-controlled garage with a workbench and water softener, and
a secure outdoor storage yard.Located just steps from a nearby
community pool and minutes from world-class golf and amenities,
this home offers an unbeatable combination of elegance, comfort,
and convenience
Unit Size
3,074 Ft²
Days on Market
24 days
Land Size
0.18 acres
Price per sqft
$390
Property Type
House
Property Taxes
-
HOA Dues
$920
Year Built
1990
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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: 2 years ago (CRMLS #219131529DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | Listed by Bennion Deville Homes | $1,200,000 | |
| Listed by Bennion Deville Homes | |||
| Jan 21, 2021 | Sold | ||
| Sold | |||
| Oct 22, 2020 | Listed by HomeSmart | $749,500 | |
| Listed by HomeSmart | |||
| | |||
|
Enter the address on YouTube and take a detailed walk-thru of this wonderful Highland 3 plan in the PGA Nicklaus Private community. Set way back from the street on a premium, wide-frontage lot, this immaculate home has a detached casita, a rare double golf cart garage and a gorgeous view of a lake and adjacent 8th hole green. The owners have spent over $150,000 upgrading the home with a wonderful kitchen, a stunning master bathroom, an expanded dining room, two brand new state-of-the-art A/C systems (costing $26,400), an electric awning over the rear patio, new 2'' garage doors and garage door opener, plantation shutters and duette blinds, 6'' baseboards and new R45 attic insulation. Among the many great features of the home are a chic master suite separate from the other bedrooms, a very pretty interior courtyard, a huge side yard (possibly for a pool), high ceilings with tasteful fans in living rooms and every bedroom, heat/air unit in garage plus workbench and water softener, a very useful enclosed outdoor storage yard, and proximity to one of the many community pools. Membership of the PGA West club may be negotiated with the Sellers as part of this sale.
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Property Highlights
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About PGA West
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Listed by: Jordan Gugino, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219131529DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219131529DA
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