74825 Fairway Drive
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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.
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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 |
|---|---|---|---|
| Sep 14, 2023 | No longer available | - | |
| No longer available | |||
| Aug 13, 2023 | In contract | - | |
| In contract | |||
| Jun 29, 2023 | Listed by Pacific Sotheby's Int'l Realty | $1,699,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Private South Palm Desert Retreat on a Double LotClassic Mid-Century style architecture combined with mature, resort-like landscaping creates a unique feeling of simplistic, spacious living. Situated on nearly a half-acre double lot, occupying half of the cul-de-sac, the world around you disappears as you take in the beauty of your surroundings. The original home, built in 1963, was taken to the studs and meticulously rebuilt in 2019, including all new wiring, underground plumbing, 2x6 framing, all new HVAC and ducting, smooth stucco exterior, and much more! Walls of glass in the living room, kitchen and primary suite open to the pool and south-facing backyard offering wonderful natural light and picturesque views. The main house contains the primary suite with a walk-in closet, a spacious marble double shower, and an extra large soaking tub. Two guest bedrooms with a Jack and Jill bath, an office, powder room, and a generous laundry room with ample storage rounds out the floor plan. The guest house was added in 1979 and offers a bedroom and bath, kitchenette, a large open living area, and a four-car double tandem garage, for a total of six garage spaces! A private gate at the end of the cul-de-sac leads to the guest-house garage and a sizeable multi-use driveway - perfect for Pickleball, sport court, or extra parking. All of this in the heart of South Palm Desert - a truly great opportunity! We look forward to your visit! The manager has listed the unit size as 3412 square feet.
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| May 25, 2018 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017