71411 Cholla Way
About This Property
A private gated entrance leads to an impressive arrival, where lush landscaping, mature palm trees, and elegant hardscape create a true sense of retreat. Inside, the home features a spacious open-concept layout with expansive living areas, high ceilings, and abundant natural light throughout. The thoughtfully designed floor plan seamlessly connects indoor and outdoor living spaces, ideal for both everyday living and entertaining.
The gourmet kitchen is equipped with a large center island, ample cabinetry, and premium finishes, opening to a welcoming dining area with scenic views. The living room offers a warm yet sophisticated atmosphere, complete with designer touches and direct access to the outdoor grounds. The primary suite is generously sized, featuring a spa-inspired bathroom and private access to outdoor spaces. Additional bedrooms are well-appointed, offering flexibility for guests, office use, or multi-generational living.
The backyard is a true resort-style oasis, featuring a sparkling pool and spa, expansive patio areas, and beautifully landscaped grounds, perfect for relaxing or hosting gatherings while enjoying the serene desert surroundings. Additional highlights include an attached garage, gated privacy, and a prime location close to shopping, dining, and world-class golf.
A rare opportunity to own a private desert retreat with space, style, and breathtaking views.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Listed by JohnHart Real Estate | $4,800,000 | |
| Listed by JohnHart Real Estate | |||
| May 10, 2024 | No longer available | - | |
| No longer available | |||
| Jan 29, 2024 | Listed by Pacific Sotheby's Int'l Realty | $3,900,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Cahuilla Hills | Incredible charm embodies this Mediterranean Estate, resting on a highly elevated and privately gated 3-Acre subtle slope parcel, offering incredible hillside and down valley views. The interior shares a combination of contemporary and traditional finishes and floorplan yet offering todays design look and comfort. Four of the six bedrooms including primary suite are situated downstairs. Spacious and private primary suite with vaulted exposed beam ceiling, unobstructed south hillside views, two baths and two closets. Upstairs there are two spacious guest suites, both have private patios which capture views and added exceptional desert lifestyle living. There are multiple spaces outside to enjoy the unmatched tranquility this area offers, including a mountain view private pool & spa with firepit and huge covered outdoor kitchen. Inside, you will love multiple spaces to relax or entertain, den with fireplace and media. Huge eat-in cooks' kitchen with island and extra cabinetry. Three car garage, 2 car side is currently converted to a spacious game room with all the toys, just outside outdoor kitchen, easily convertible back to 3-car if you prefer. This is a one of a kind offering especially knowing this property qualifies for short-term rental if you like. NO HOA The manager has listed the unit size as 4663 square feet.
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About Riverside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017