72917 Willow Street
About This Property
Located just minutes from El Paseo's vibrant shops, dining, and top attractions, this beautifully renovated home offers exceptional value, listed significantly below its recent appraisal. Thoughtfully updated in 2024, the home features a resurfaced pool with a new heater and pump, making it perfect for year-round enjoyment. Step through rustic elegant blue double doors into an enclosed courtyard, revealing a meticulously designed interior. The chef's kitchen boasts quartz countertops, luxury appliances, white oak cabinets, and a spacious island, ideal for cooking and entertaining. The primary suite serves as a peaceful retreat with courtyard views, a spa-like ensuite, and a custom walk-in closet, while two additional bedrooms provide ample space, including one with a private retreat and backyard access.
The living room, with its striking quartz fireplace, seamlessly connects to the outdoors through expansive folding patio doors. These lead to a private backyard oasis featuring a resurfaced pool, wrap-around wood patio cover, and breathtaking mountain views. Additional highlights include a two-car garage, potential RV/boat parking, and an upper deck perfect for unwinding. With upgrades like a new energy-efficient roof, windows, lighting, plumbing, and electrical systems, this move-in-ready home combines modern luxury with desert charm. Don't miss this incredible opportunity to own a South Palm Desert gem!
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | Price Decreased |
$1,339,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Jan 23, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Listed by Premier Realty Associates | $1,349,000 | |
| Listed by Premier Realty Associates | |||
| Jul 13, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017