Listed by: Eric Mendiola, Premier Realty Group Inc.
$930,000
●
House -
Off Market
73090 Shadow Mountain Drive
Palm Desert, CA 92260
3 Beds
3 Baths
2,602 Ft²
$1,097,317
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Here's a rare opportunity in one of South Palm Desert's best areas
ready for a modern-day remodel! A later Mid-Century home designed
by Charles Dubois, verified by Palm Desert Historical Society. This
rare opportunity has unlimited potential, a great home, vacation
home, and within walking distance to El Paseo. A truly unique
architectural home in South Palm Desert a Must see!
Unit Size
2,602 Ft²
Days on Market
71 days
Land Size
0.44 acres
Price per sqft
$375
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965
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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 #219066430DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2023 | No longer available | - | |
| No longer available | |||
| Aug 17, 2023 | In contract | - | |
| In contract | |||
| Jul 13, 2023 | Listed by Desert Elite Properties | $1,425,000 | |
| Listed by Desert Elite Properties | |||
| | |||
|
One of a kind 1965 modern masterpiece designed by famed architect Charles Du Bois hits market!! This private compound sitting on nearly a half acre in South Palm Desert right of above El Paseo is the ultimate show stopper! The interior struts over 2,600 square feet, 3 bedrooms, 3 bathrooms, 10 foot ceilings (living room), huge marble fire place, wet bar, 2 car garage, & detail everywhere. Interior features include HUGE 24''X24'' Terrazzo flooring through out, high-efficient windows/slider, LED canned lighting, Quartz counter tops w/waterfall edge & Backsplash; custom cabinet package featuring soft closing hinges & dove tailed drawers (kitchen/wet bar). To top it off the home comes full equipped w/ BOSCH & FISHER-PAYKEL high end stainless steel appliances, beautiful Gold & Chrome plumbing, & light fixtures. The backyard is a private paradise that sits dead west & features a full Terrazzo deck, expansive over hang, huge pool, custom gazebo (sitting area), fully matured citrus grove W/ orange, lime, grapefruit & one fig tree, plus BIG mountain views! This property is very unique being a part of the Purple Hills Estates Historical Society of Palm Desert making it truly one of a kind for South Palm Desert. Other updated systems included newer Pentair pool heater/filter & Main electrical panel. Welcome Home & enjoy life in South Palm Desert! The manager has listed the unit size as 2602 square feet.
| |||
| Jul 7, 2023 | No longer available | - | |
| No longer available | |||
| Oct 29, 2021 | Sold | ||
| Sold | |||
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About South Palm Desert
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Listed by: Eric Mendiola, Premier Realty Group Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219066430DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219066430DA
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