Listed by: Valery Neuman, Compass
$2,475,000
●
House -
Off Market
70649 Halper Lake Drive
Rancho Mirage, CA 92270
5 Beds
7 Baths,
2
Half Baths
8,281 Ft²
$3,389,906
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Unprecedented South facing location and views at Tamarisk Country
Club! This classic custom estate by renown designer Stephen Chase
sits on a double lot of 1.47 acres on the 7th fairway. Five
bedrooms, five full baths and two half baths plus office. Approx.
8,281 sq. ft. Featuring porte-cochere drive to grand bridge over
custom fountain entry. Towering great room with coffered ceiling,
fireplace, wet bar and formal dining. Cleaned lined gourmet kitchen
and office with built-ins. Large master retreat with living area
and large glass and mirrored bath with long double vanities and
soaking tub. Guest accommodations include four more ensuite
bedrooms with built ins. Extended loggia, custom pool with inlaid
spa, another dining loggia with BBQ kitchen. Beautiful grounds with
fruit trees, mature landscaping, and panoramic views! Three
car garage plus golf cart garage and covered parking. A one of a
kind find! No HOA dues!
Unit Size
8,281 Ft²
Days on Market
78 days
Land Size
1.47 acres
Price per sqft
$344
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989
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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 #219057407DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 4, 2021 | Sold | ||
| Sold | |||
| Feb 15, 2021 | Listed by Compass | $2,850,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tamarisk Country Club
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Listed by: Valery Neuman, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219057407DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219057407DA
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