72239 Desert Dr
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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.
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Mar 17, 2025 | Listed by Desert Sotheby's International Realty | $3,125,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Step into unparalleled resort-style living at this magnificent four-bedroom, six-bath estate, perfectly situated in the prestigious community of Rancho Mirage. This sophisticated, newly built residence exudes modern elegance with a seamless blend of architectural refinement and contemporary comfort. From the moment you enter, you'll be captivated by the open-concept living spaces, soaring ceilings, and an abundance of natural light pouring through expansive floor-to-ceiling south-facing 'Fleetwood' pocket doors. The chef's kitchen is a masterpiece, featuring Wolfe and Asko appliances, Subzero refrigerator, quartz countertops, and a spacious island, ideal for hosting gatherings. There is a separate wet bar equipped with a fridge and storage shelves. A large walk-in butler's pantry can store your smaller appliances plus room for storage. Each bedroom is a serene retreat tastefully decorated with en-suite bathrooms, a large closet space, offering the ultimate in privacy and convenienece. The large Laundry Room features a double washer and dryer! The outdoor living space is your personal desert oasis, boasting a private pool and spa, large area that is a badminton court, or area for your own pickleball court. The backyard is private and framed by lush landscaping and panoramic mountain views. Multiple seating and dining areas, along with a fire pit, create the perfect ambiance for both tranquil evenings and vibrant entertaining. This home's design is as functional as it is beautiful, blinds, fireplace and lighting all controlled with the Lutron touch control. The smart home features include thermostats, cameras and alarm all controlled on your own app. An oversized three-car garage, with the golf cart garage having access to the back yard. The garage has a built-in safe. There is impeccable attention to detail throughout this home. Conveniently located near world-class golf courses, upscale dining, and premier shopping, this property delivers an unmatched living experience in one of Southern California's most sought after areas! Sold Turnkey Furnished. Currently Booking showings on April 6 2025
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| May 10, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | No longer available | - | |
| No longer available | |||
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About Rancho Mirage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017