70650 Frank Sinatra Drive
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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%.
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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 |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | Listed by Bennion Deville Homes | $3,100,000 | |
| Listed by Bennion Deville Homes | |||
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Discover a Piece of History in This Stunning Home Behind Private Gates.Nestled on the site of Frank Sinatra's former rose garden, this exceptional 3,280-square-foot residence, behind private gates, was once part of the iconic Frank Sinatra Estate. To the left lies Sinatra's compound, while the former home of his mother, Dolly, stands to the right.Designed by the acclaimed Eric Olsen Design, this newly constructed home features four spacious bedrooms and three elegant bathrooms. The use of natural woods, high-end tiles, and luxurious stones enhances its refined aesthetic. An open floor plan and soaring ceilings create a seamless flow between indoor and outdoor living spaces. Oversized, floor-to-ceiling glass stackable sliders offer breathtaking views of the Tamarisk Country Club, making the scenery an integral part of your everyday experience.One of the rare gems in Rancho Mirage, this home provides the beauty of golf course living without the constraints of an HOA. Each room and bathroom has been meticulously designed to foster a unique yet harmonious atmosphere throughout the property. The architect's vision skillfully balances privacy with an open concept, making it ideal for entertaining guests.Don't miss your chance to own this remarkable home. Please call to schedule a private showing!
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| Sep 15, 2022 | Sold | ||
| Sold | |||
| Jul 16, 2022 | No longer available | - | |
| No longer available | |||
| Jul 15, 2022 | Listed by Bennion Deville Homes | $2,750,000 | |
| Listed by Bennion Deville Homes | |||
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Wow! A once in a life time opportunity to own a modernized piece of history. This piece of land on which this home resides used to be apart of the iconic Frank Sinatra Estate, and served as Frank Sinatra's rose garden. This newly constructed 3,280 SF home features 4 bedrooms and 3 bathrooms. Sourcing the best architect (Eric Olsen Design), designers, and contractors from the greater Orange County area was the key to assembling a tastefully built modern house. All the natural woods, tile, and stones were all sourced from high end suppliers and design shops throughout the Nation. The open floor plan and high ceilings were incorporated to grasp the outdoor setting and bringing it into the interior of the house. Upon entry of the home you are enriched with oversized floor to ceiling glass stackable sliders that displays amazing backyard views of Tamarisk Country Club on which this house is situated. This is one of the few houses in Rancho Mirage that has the aesthetic benefits of being on a golf course with NO HOA. Each room and bathroom was well thought out by the designers and homeowner to give every inch of this home a unique yet uniformed vibe. The main goal for the homeowner was to create a modern home that is private yet have an open concept feeling for entertaining family and friends. Please schedule your private showing today to experience this truly special opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017