73040 Shadow Mountain Drive
About This Property
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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 |
|---|---|---|---|
| Nov 9, 2020 | Sold | ||
| Sold | |||
| Aug 20, 2020 | Listed by Compass | $1,100,000 | |
| Listed by Compass | |||
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Private and expansive, this midcentury modern gem was built in 1968 and updated in 2020 with modern fixtures and finishes. Set on an oversized lot in South Palm Desert, this is a home designed for entertaining -- or for a family working from home. Enter through the walled and gated courtyard to find four bedrooms, three newly updated baths and 3,916 square feet of space for you to spread your wings. Skylights throughout the space create a bright open feeling. The vaulted living room is a perfect place to gather in front of the classically midcentury fireplace. The master suite has its own sitting room/private retreat and huge walk in closet. A private putting green, 1/2 basketball court, wine cave, pool and separate in ground spa round out the opportunities to play and relax. Mountain views, hiking nearby, walkable to shopping and restaurants on El Paseo, the heart of Palm Desert. Great seasonal rental potential as well. Leased solar ($234/month). Multiple outdoor spaces and patios. Two car garage. This home ticks all the boxes for contemporary life!
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| Dec 10, 2019 | Sold | ||
| Sold | |||
| Sep 19, 2019 | Listed by Windermere Homes and Estates | $749,900 | |
| Listed by Windermere Homes and Estates | |||
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Mid Century Pool Home In South Palm Desert Resting On Half Of An Acre. This four bedroom and 3 bathroom home has over 3,900 sq ft of interior living space. Enter gated courtyard to spacious formal entry with double glass doors. Living room has clerestory windows, vaulted A frame ceilings and walls of glass. Kitchen has been remodeled and features a sub zero refrigerator, all stainless appliances, contemporary cabinetry and quartz counters. Spacious master suite is on one wing of the house. Two additional bedrooms at other side. The fourth bedroom is off of the formal entry and could be a great en suite casita. Sprawling grounds feature a sparkling pool with great mountain views, a separate area with private spa and a half of a basketball court. There is a well negotiated leased solar system at the property plus a two car garage. This home is ready to move in now or could also be designed into a Mid Century Modern Masterpiece. This home is walking distance to world famous El Paseo Dr and all of it's shopping & dining and across the street from wonderful hiking with amazing vistas! Call me today for an appointment to see!
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017