73180 Shadow Mountain Drive
About This Property
Positioned in one of the most coveted areas of Palm Desert-surrounded by iconic clubs including Bighorn, Stone Eagle, The Reserve, and The Vintage-this 300-degree private estate already features a PGA-designed 45-yard backyard golf area with two undulating greens and stacked sod bunker, a saltwater pool with panoramic west-facing mountain views, complete privacy with no HOA restrictions or fees, newly redesigned entry, landscaping, and outdoor living areas, and a solar system with zero electric cost. The driveway provides parking for nine or more vehicles, making this property ideal for entertaining.
The opportunity here is to move in and enjoy the existing design today, or to expand and elevate this estate to a level valued well above typical homes in this area. Ideal expansion options include adding a luxury primary suite, building a casita or guest house (perfectly positioned on the current sport court), and creating a showpiece outdoor kitchen and fire feature area.
This is not a fixer. It is a move-in-ready home, intentionally left open for the next owner to expand and elevate it into a one-of-a-kind estate. Few properties in Palm Desert offer this level of privacy, location, golf lifestyle, and true potential-especially just three blocks from El Paseo. If you have been shopping homes in the $1.6M to $1.9M range, this property deserves your immediate attention. Opportunities like this are rarely available.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| Jun 1, 2025 | Price Decreased |
$1,150,000
↓ $100K
(8%) | |
| Price Decreased | |||
| May 16, 2025 | Listed by Mills Realty of California | $1,250,000 | |
| Listed by Mills Realty of California | |||
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About South Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017