71500 Gardess Road
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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.
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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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| Mar 28, 2025 | Listed by Desert Sands Realty | $1,499,000 | |
| Listed by Desert Sands Realty | |||
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Nestled on Gardess Road at the pinnacle of MAGNESIA FALLS COVE, this Mid-Century Hacienda recently underwent a custom indoor / outdoor remodel. Open floor plan features tons of natural light, large stunning chef's kitchen with Calacatta quartz countertops, ample cabinetry, a large waterfall island, two dishwashers, and double oven. Take in the breathtaking Mountain and Palm Tree VIEWS through the numerous doors and windows, seamlessly connecting the interior to the EXCEPTIONAL outdoor spaces, complete with STRIKING saltwater pool & spa, huge fire pit and lush greenery, while offering complete privacy. EXQUISITELY manicured grounds feel like your own private resort. Large grass backyard, ideal for pets and families. Newly installed pavers and flagstone pathways highlight the verdant landscape and tranquil atmosphere. ***Enjoy the photos, and then come experience this beautiful home in person. NO HOA. (Possible potential for expansion on lush green area) This property features leased SOLAR.
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| Oct 5, 2020 | Sold | ||
| Sold | |||
| Jun 27, 2020 | Listed by Bennion Deville Homes | $619,000 | |
| Listed by Bennion Deville Homes | |||
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LOCATION LOCATION at the TOP of the COVE in Magnesia Falls. This Rancho Mirage neighborhood is ONE-OF-A-KIND. Surrounded by breathtaking, up close VIEWS of the Santa Rosa Mountains it offers a diverse blend of hillside Architecture. Modest in size, this 1740 sq ft home is sited on a 10,454 sq ft lot with plenty of room to expand. A Brise Soleil, sun shading patterned concrete surrounds the South facing courtyard. Double doors open to a light filled interior with Travertine tile, vaulted ceilings and views from the kitchen, living + dining areas. Three bedrooms. Two Updated Bathrooms. Large kitchen w/Granite counter tops, newer appliances, breakfast/casual dining and access to a covered patio overlooking the pool and VIEWS. SOLAR. The backyard is huge and offers an array of opportunity for play, garden oasis, garage extension or Guest House. Within minutes you can enjoy an array of Restaurants, Starbucks, Brandini Toffee, Theater at The RIVER, hiking, furniture shopping, The Library and Observatory, This central location has it all.
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017