Listed by: John Jay, Bennion Deville Homes
$995,000
●
House -
Off Market
701 Iris Lane
Rancho Mirage, CA 92270
4 Beds
4 Baths
5,085 Ft²
$1,526,879
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
An entertainer's dream! This home is the ultimate in luxury within
the prestigious Tamarisk Country Club area. In a Private Gated
Enclave of only four homes this recently remodeled home will
captivate you. The kitchen with Custom Cabinets, Upscale Stainless
Steel Appliances,6 burner gas cook top, built in side-by-side
refrigerator has all the right touches. Also featuring a Dry Bar
area with seating for entertaining. The large master bedroom
features dual walk-in closets, walk-in shower, free standing tub
and an exit to the patio. The den has custom built-in cabinets. The
backyard features a pebble tech pool & spa and plenty of seating
for entertaining. This sophisticated home is a MUST SEE!
Unit Size
5,085 Ft²
Days on Market
49 days
Land Size
0.47 acres
Price per sqft
$196
Property Type
House
Property Taxes
-
HOA Dues
$135
Year Built
1986
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #218007306DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 8, 2020 | In contract | - | |
| In contract | |||
| Mar 8, 2020 | Price Decreased |
$1,149,000
↓ $999
(0.1%) | |
| Price Decreased | |||
| Jan 10, 2020 | Price Decreased |
$1,149,999
↓ $35K
(3%) | |
| Price Decreased | |||
| Dec 3, 2019 | Listed | $1,185,000 | |
| Listed | |||
| | |||
|
Remodeled and upgraded modern home in prestigious Tamarisk Country Club area.Situated in a private gated community on a cul-de-sac of only four homes.Located in the most desirable location of Rancho Mirage.This West facing home is truley one of a kind,custom built single story by famous designer Steven Chase.This home sits on a large lot of over 20K sq feet.Beautiful curb appeal and privacy as you pull in to your circular driveway.Double doors lead you into a sky lit formal entry with walls of glass showcasing the indoor outdoor living space.Open concept floor plan with living room,family room,designer fireplace ,high end lighting fixtures.Bar,dry bar,plenty of space for entertaining.The kichen is exceptionalwith top of the line appliances,side by side refrigerator,Dacor 6 burner commercial grade gas Cooktop.Kitchen island and custom cabinets. four bedrooms and 4.5 bathrooms,all bedrooms are on suites with their own private large bathrooms.The master feels like a 5 star resort with his and hers walk in closets,large bath,soaking tub and walk-in shower. The manager has listed the unit size as 5085 square feet.
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About Tamarisk Country Club
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Listed by: John Jay, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218007306DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218007306DA
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