Listed by: Carly Butterfield, Thunderbird Realty
$2,250,000
●
House -
Off Market
70465 Pecos Road
Rancho Mirage, CA 92270
3 Beds
4 Baths,
1
Half Bath
3,608 Ft²
$10,379
Est. Monthly
$582
HOA / Fees
3.56%
Cap Rate
About This Property
Perched within the venerable Thunderbird Heights community, this
gem is coming to the market for the first time in 30 years!
Breathtaking views abound throughout the property, capturing both
desert vistas and distant mountain peaks. The residence is itself
the pinnacle of desertarchitecture. The open floor plan
harmoniously blends the home's interior with the surrounding
landscape, while floor to ceiling windows invite natural light to
illuminate every corner, creating an atmosphere that is both
light-filled and inviting. Substantial covered verandas are the
perfect setting for lounging and/or entertaining and vaulted,
wood-paneled ceilings enhance the sense of space and
sophistication. The estate is a blank canvas ready for
personalization whether it be a simple update to enhance the
existing home or a major overhaul/addition. 70465 Pecos Road
represents a rare opportunity to own a distinguished residence in
Thunderbird Heights, where luxury, privacy, and unparalleled views
converge in perfect harmony.
Unit Size
3,608 Ft²
Days on Market
26 days
Land Size
0.55 acres
Price per sqft
$553
Property Type
House
Property Taxes
-
HOA Dues
$582
Year Built
-
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Cap Rate Calculator
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Cap Rate
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: 3 years ago (CRMLS #219113565DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2024 | Sold | ||
| Sold | |||
| Jun 28, 2024 | Listed by Thunderbird Realty | $1,995,000 | |
| Listed by Thunderbird Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Thunderbird
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Listed by: Carly Butterfield, Thunderbird Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113565DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219113565DA
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