Listed by: Craig Chorpenning, Desert Sotheby's International Realty
$1,250,000
●
House -
Off Market
71487 Painted Canyon Road
Palm Desert, CA 92260
4 Beds
4 Baths,
1
Half Bath
3,250 Ft²
$1,554,345
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Discover anew in the heavenly Cahuilla Hills this Santa Fe custom
built paragon estate. Perched atop 3/4 of an acre with panoramic
desert views, including Stone Eagle fairways & surrounded by
mountain terrain, this home boasts over 3200 SF of living space
with 3 bedrooms & 2 1/2 baths in the main house, and a newly
finished private, detached casita. As you enter thru the front door
from your gated, private driveway, you're greeted with hand crafted
latilla ceilings, a kiva wood burning fireplace, large format
saltillo tiles & french doors leading out to the patio & garden.
The dining room is surrounded by authentic wooden pillars from New
Mexico overlooking the pool & spa with glorious mountain views in
the distance. The perfectly positioned rotunda kitchen enjoys 180
degree views and enjoys a natural stone backsplash & center island.
Retire to the master suite with fireplace, large walk-in closet,
new carpet and dual balconies to soak in sunrises & sunsets. This
home is offered by the original owners who recently added a
spacious guest casita with separate entry and one car garage. The
amphitheater-like backyard creates a tranquil and relaxing space
for gardening or a private soiree and the wrap around patio leads
you to the front where you will enjoy poolside entertaining with
firepit, outdoor dining space, & unobstructed views. Recent
maintenance includes HVAC, new water heater & variable speed pool
pump. Come discover the marvel of Cahuilla
Unit Size
3,250 Ft²
Days on Market
55 days
Land Size
0.76 acres
Price per sqft
$385
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998
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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 #219056045PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2021 | Sold | ||
| Sold | |||
| Jan 20, 2021 | Listed by Desert Sotheby's International Realty | $1,250,000 | |
| Listed by Desert Sotheby's International Realty | |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Dec 3, 2019 | Listed | $1,159,900 | |
| Listed | |||
| | |||
|
This Special and custom Sante Fe designed beauty sits high in the Cahuilla Hills with views of the Santa Rosa Mountains and the Stone Eagle Golf Club. This home is a jewel box, a one of a kind, with 3 bedrooms & 3.5 baths including a detached office/workshop and a total of 4 garage spaces. The main level features polished Saltillo tile throughout, custom hand carved pine woodwork with custom corbels & vigas beam ceilings, two adjoining bedrooms, spacious and cozy living & family rooms. The dining room is surrounded by beautifully hand crafted New Mexico pine pillars. Walk up the spiral staircase to your master suite complete with a Kiva fireplace, dual vanity bath, soaking tub, walk-in closet, custom pine doors, double french doors with two separate balconies and breathtaking views. French doors throughout the home tie in the outdoor living spaces to its interior spaces. The kitchen has alder cabinetry, a huge center island with small slate tiles and french doors leading to your wrap around patio which showcases your tranquil pool, spa, & fire pit area. The side yards is equipped with several planter boxes for growing your own herbs or vegetables.Call now for your private showing! The manager has listed the unit size as 3084 square feet.
| |||
| May 22, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Air Conditioning
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Craig Chorpenning, Desert Sotheby's International Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219056045PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219056045PS
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