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68365 Emerald Drive
About This Property
Surrounded by the creative energy and natural beauty of Twentynine Palms, this home is just a short drive from the entrance to Joshua Tree National Park, where rugged trails and world-famous rock formations draw adventurers year-round. The nearby Oasis of Mara provides a glimpse into the area's rich history, while Sky's The Limit Observatory offers some of the clearest night skies in Southern California. A vibrant arts community thrives here, with galleries and murals celebrating the region's unique character. Annual events such as the Joshua Tree Music Festival and the Night Sky Festival bring visitors and locals together, making this a destination where creativity and nature go hand in hand. Whether for a personal retreat or a one-of-a-kind getaway, this is a place to experience the desert in its purest form.
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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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed by Cherie Miller & Associates | $375,000 | |
| Listed by Cherie Miller & Associates | |||
| Mar 8, 2025 | Listed | $399,000 | |
| Listed | |||
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Spread across five view acres in Twentynine Palms, this property offers a peaceful desert escape with a two bedroom main house and two additional casitas. The mid-century home features vinyl flooring, stainless steel appliances, and an updated bathroom, large windows frame sweeping views of the desert landscape. The all-electric setup makes solar a smart possibility, taking advantage of the region’s abundant sunshine. A shed under the carport provides extra storage, and a Tuff shed serves as a dedicated studio space. The cabins each have wall unit heaters, the main house is equipped with HVAC, and a cowboy pool offers a refreshing place to cool down in the summer months.
Surrounded by the creative energy and natural beauty of Twentynine Palms, this home is just a short drive from the entrance to Joshua Tree National Park, where rugged trails and world-famous rock formations draw adventurers year-round. The nearby Oasis of Mara provides a glimpse into the area’s rich history, while Sky’s The Limit Observatory offers some of the clearest night skies in Southern California. A vibrant arts community thrives here, with galleries and murals celebrating the region’s unique character. Annual events such as the Joshua Tree Music Festival and the Night Sky Festival bring visitors and locals together, making this a destination where creativity and nature go hand in hand. Whether for a personal retreat or a one-of-a-kind getaway, this is a place to experience the desert in its purest form.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017