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75243 Sullivan
About This Property
The home features an open floor plan with high ceilings, natural textures, and Tulum-inspired design throughout. Premium micro cement finishes in the kitchen and bathrooms, polished concrete floors, and energy-efficient mini split systems add style, comfort, and functionality. Thoughtfully designed interiors create a warm, relaxed atmosphere ideal for a primary residence, second home, or investment property.
Outdoor amenities are designed for enjoying the desert lifestyle, with a private hot tub, cowboy tub, two fire pits, BBQ area, outdoor dining space, pyramid daybed, loungers, and an outdoor shower. Plenty of shaded areas, mature landscaping, 6 majestic palm trees, and a circular driveway enhance the property's resort-like feel. The expansive lot offers mountain views, privacy, and space to relax under the desert sky.
A rare opportunity to own a high-performing, turnkey desert retreat in a prime Joshua Tree location.
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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 |
|---|---|---|---|
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$539,000
↓ $9K
(1.6%) | |
| Price Decreased | |||
| Apr 19, 2026 | Listed by Joshua Tree Modern | $548,000 | |
| Listed by Joshua Tree Modern | |||
| Oct 9, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
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About Twentynine Palms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017