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62176 Highland View 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%.
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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.
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 15, 2025 | Price Decreased |
$875,000
↓ $24K
(2.7%) | |
| Price Decreased | |||
| Sep 23, 2025 | Listed | $899,000 | |
| Listed | |||
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Welcome to Casa Azul, a modern desert retreat set on 2.5 private acres in the heart of Joshua Tree. Just 7 minutes from town and 20 minutes from the National Park, this thoughtfully renovated 3-bedroom, 3-bath home (2 bed main house/1 bed casita) blends contemporary design with the raw beauty of the desert landscape. The property was reimagined with entertaining and relaxation in mind, featuring a sparkling saltwater pool, in-ground spa, outdoor shower, propane fire pit, and multiple lounging and dining areas that capture breathtaking sunsets and endless starry nights.
Inside, natural light pours through full-length windows in the open living and dining areas, framing panoramic views of the surrounding mountains. The chef’s kitchen has been fully updated with custom cabinetry, walnut shelving and backsplash, new counters, and modern finishes. Each bedroom offers its own private bath and A/C, with the detached casita creating the perfect private guest suite. The primary suite is a true retreat with a soaking tub set against expansive desert views and a new black metal-and-glass door leading to the outdoor shower.
Extensive upgrades include redesigned landscaping with smart irrigation and retaining walls, a fully upgraded Pentair pool system with heating capability, smart home lighting and shades, and refreshed interiors with new drywall, paint, window treatments, and designer lighting. Furnishings from Rove Concepts, West Elm, Crate & Barrel, and CB2 elevate the home’s clean, modern aesthetic. Fully permitted and with an active short-term rental license, Casa Azul offers the perfect blend of personal sanctuary and investment opportunity in one of California’s most sought-after destinations.
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| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 3, 2024 | Listed by Sharon Rose Realty, Inc. | $702,000 | |
| Listed by Sharon Rose Realty, Inc. | |||
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Beautiful permitted STR mid-century modern that was completely rebuilt to today's modern new construction standards. In-ground pool, casita, and lots of room on this hillside elevated property. As the name implies Highland View looks over the entire of Joshua Tree and the National Park Mountains. Horse property. Expansive covered patio with concrete overlooks pool and lower patio. Beautiful glass double doors create an inspiring interior exterior space. Large dining area ideal for entertaining. Guest bedroom with new windows, curtains, and lighting. Main bathroom with open shower, blue octagon tile, glass divider, modern sink, grey concrete colored walls and skylight. Master bedroom has a large designer wood door closet, lighting and private bath. Master bath with long horizontal window, designer black sink, rain drop open shower, wood plank flooring, exterior double doors leading to the outdoor shower. Detached guest house offers a roomy studio with separate bath. Wood beamed ceiling, office area, living room area, and enchanting vistas. Bathroom with metro tile, open shower with rain head, black fixtures, stone textured walls, and skylight. New AC/Heat mini-split throughout. New pool and spa combo is just steps away from the home. Custom wood and steel pool cover, shade sail, propane fire pit, pebble stone. All this overlooking Joshua Tree National Park with amazing sunsets and starry nights. Don't wait on this one call now!
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| May 30, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017