61 Mayfair Drive
About This Property
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Price Decreased |
$1,795,000
↓ $195K
(9.8%) | |
| Price Decreased | |||
| Mar 25, 2025 | Listed by Equity Union | $1,990,000 | |
| Listed by Equity Union | |||
| | |||
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Experience the pinnacle of elegance and comfort in this stunning home, perfectly situated within the prestigious Morningside Country Club in Rancho Mirage, California. Designed for sophisticated living, this exquisite residence showcases breathtaking mountain, lake, and double fairway golf course views, offering an unparalleled desert retreat.Step into a gourmet kitchen outfitted for culinary enthusiasts, featuring a SubZero refrigerator, a Viking double oven, and a Wolf induction cooktop. Newly refaced cabinetry and elegant limestone flooring throughout the home add a refined touch of luxury.The lavish primary suite is a true sanctuary, boasting three spacious walk-in closets and two remodeled marble bathrooms, ensuring the utmost privacy and comfort.Every detail of this home is designed for effortless living, including:Electric shades throughout for seamless light control.Freshly painted exterior for a crisp, modern look.New electric awnings (front & back) to enhance outdoor comfort.A state-of-the-art water purification system for the ultimate in-home wellness.The grand living room is a showstopper, featuring a vaulted ceiling, a statement fireplace, and an exquisite Italian Donghia Murano glass chandelier & sconces, creating an ambiance of pure sophistication. Walls and ceilings have been expertly leveled, eliminating orange peel texture for a sleek, contemporary feel.Outside, enjoy the travertine marble patio, framed by lush date palms and olive trees, creating a tranquil desert oasis. A unique cobblestone driveway adds lasting beauty and durability.This home is fully powered by owned solar panels and equipped with a security alarm system, offering both sustainability and peace of mind.Don't miss this rare opportunity to own a slice of paradise in Rancho Mirage. Schedule your private tour today!
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| Mar 3, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017