60233 Melton
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2025 | Listed | $895,000 | |
| Listed | |||
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In South Joshua Tree, close to downtown and minutes from the National Park entrance, this three-bedroom, two-bath home has been rebuilt from the studs with a level of material focus that is rarely seen in the desert. The living room is grounded by a brick-arched hearth, setting the tone for soft curves and natural textures throughout. The kitchen continues that language with entirely custom cabinetry, concealed hardware, an integrated refrigerator, professional-grade appliances, and a curved vent wall finished in mosaic tile. Every surface and junction feels intentionally made.Each bedroom offers its own atmosphere. The primary is quiet and minimal, with built-in storage and windows placed to capture morning light and views of native trees. The second bedroom is simple and grounded, shaped by warm textures and clean storage with a huge picture window to the backyard. The third is fully wrapped in cork and moody, forming an acoustically soft lounge or guest room with a rich, intimate tone.Baths extend the home's material clarity. The primary features a carved red-marble vanity and a sunken concrete soaking tub set beneath a circular window framing the landscape. The secondary bath offers a calm, textural composition with the same restraint and precision, but it's own point of view.Outside, gabion walls, mature trees, layered paths, and shaded seating create a protected garden designed for light, sky, and quiet. Ideal as a design-focused primary residence, second home, or elevated short-term rental defined by its craftsmanship, its material integrity, and its connection to place.
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| Jun 6, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017