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68185 Tortuga Road
About This Property
The Panorama neighborhood is a sought-after residential community known for its spacious homes, scenic mountain views, and strong sense of community. Residents enjoy larger lots with good yard potential, no HOA fees, and a relaxed desert lifestyle without the added costs of many planned communities. There are nearby parks, schools, and easy access to daily amenities.
Cathedral City sits at the center of the Coachella Valley, offering a perfect blend of suburban convenience and resort-area appeal. This location provides quick access to shopping and dining options, the I-10 freeway, and major attractions. Palm Springs Airport and vibrant downtown Palm Springs are just 6 miles away, making it effortless to enjoy world-class restaurants, art galleries, festivals, golf courses, and entertainment while returning to a quieter neighborhood setting. Located within the Palm Springs Unified School District.
This home represents an excellent opportunity for comfortable desert living with convenient access to everything the Greater Palm Springs area has to offer. Whether you're looking for a primary residence or a desert getaway, this home delivers value, location, and lifestyle in one appealing package.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by HomeSmart Realty West | $410,000 | |
| Listed by HomeSmart Realty West | |||
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About Palm Springs Panorama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017