75301 Montecito Drive
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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 3, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Listed by Coldwell Banker Realty | $1,790,000 | |
| Listed by Coldwell Banker Realty | |||
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Located south of Hwy 111 in the quiet Rancho Palmeras Estates, this stylish Contemporary Modern 3BD/4BA home (including an outdoor bath) offers exceptional privacy, panoramic views of Mt. Eisenhower, and a central saltwater pool framed by a U-shaped floor plan. Move-in ready, the home features numerous upgrades, including dual newer HVAC systems, an energy-efficient foam roof with reflective glass, thermal pane windows, smooth coat stucco, porcelain tile flooring, and modern finishes throughout. The open-concept layout includes a spacious great room with wet bar, formal dining, and a wall of glass that opens to a resort-style backyard. The chef's kitchen showcases a Taj Mahal quartzite island and Quartzite countertops, premium KitchenAid appliances, and flows into a cozy den/TV lounge with access to the outdoor living area, stamped concrete, and upgraded landscape lighting. The serene primary suite offers a walk-in closet and spa-like bath. Two guest bedrooms, each with private outdoor access, provide flexible accommodations. Additional highlights include new ceiling fans, garage storage, and a built-in Murphy bed that allows a guest room to double as a home office. Professionally landscaped front and back with energy-efficient lighting and desert-friendly design. Experience modern desert living at its finest--schedule your private tour today!
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| May 13, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | Listed by Coldwell Banker Realty | $1,775,000 | |
| Listed by Coldwell Banker Realty | |||
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Contemporary Modern residence south of HWY 111 in quiet neighborhood of Rancho Palmeras Estate w/NO HOA provides ultimate privacy and amazing southern views of Mt Eisenhower! A U shaped floorplan w/pool in center provides balance between privacy and connectivity in this highly updated 3B/4B (one outdoor) and a 3023Sq.FT home. Move-In ready w/ over $300K first class upgrades includes a Thermal pane windows, 2 NEW 4-ton HVAC, new foam roof w/reflective glass crystal, modern finishes, custom cabinets, smooth coat stucco, cream porcelain tile flooring and warm Swiss coffee paint throughout. Double door entry leads to great Room, formal dining, wet bar and wall of glass that opens to a true desert oasis with sparkling salt water pool/ spa. Open Gourmet Kitchen w/ attractive Taj Mahal center Island, multiple bar seating, Quatzite countertops, stainless top-of-the- line Kitchen Aid appliance package, and is adjoined by intimate TV/Den that opens to resort like backyard w/ stamped surface and new landscape lights. Primary Bedroom warm & comfortable offer walk-in closet, large bathroom with dual vanity, walk-in shower and new polished satin brass fixtures. Two guest bedrooms opposite side each w/ own private parvis. New professional front & back landscaping, abundance of new interior/ exterior lighting with energy efficient desertscape and utmost resort living welcomes you. Home is staged and available for purchase outside of escrow. Make This One a MUST SEE
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About Rancho Palmeras Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017