75494 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.
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 |
|---|---|---|---|
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by Bennion Deville Homes | $1,650,000 | |
| Listed by Bennion Deville Homes | |||
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Indulge in opulence with this exquisite Indian Wells home. Fabulous mountain views grace the living room, kitchen, and three bedrooms, complimented by a cozy room ideal for guests, closed-door office space, or private retreat. All three bedrooms have slider doors to the gorgeous and professionally landscaped yard and outdoor paradise featuring a welcoming private pool, a built-in grill, fire pit, & massive indoor/outdoor shades to enjoy the perfect blend of comfort and sunshine. Chef's delightfully designed kitchen accompanies kitchen bar seating. Indoor & Outdoor dining areas with fantastic pool and mountain views. Three zone-heating and cooling provide personalized comfort. Professional artwork lighting and high-end, built-in speaker system throughout the home and backyard are a few of many outstanding features. The expansive main suite retreat offers a lavish escape on the opposite wing, featuring recently installed carpet and professional paint. A massive walk-in closet, relaxing bathtub, and dual shower-heads offer a spa experience.This home boasts eco-conscious features, including fully paid solar panels and, wiring to charge an electric vehicle in spacious 2 car garage which accommodates golf cart & workshop. Residents benefit from many Indian Wells City perks (see attached perks), short distance to dining and shopping.
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| Apr 30, 2019 | No longer available | - | |
| No longer available | |||
| Feb 26, 2019 | Listed | $920,000 | |
| Listed | |||
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Custom built Contemporary in 2004 with stunning Mount Eisenhower & South Mountain views from 10-12' high sliders in a Great Room floor plan. Tall Fichus hedges line the lot for privacy. The Outdoor living room, Fire Pit, Pool, Spa + wading pool plus built in BBQ with Wok side burner make this a true entertainer's delight. 3 Bedrooms + Office are separated. Master enjoys a very large closet. 8' tall doors. All rooms open to the outside. The home is offered furnished per inventory. Sound system w speakers to interior rooms and patio. The kitchen enjoys 2 walk in pantries, 2 sinks, 2 garbage disposals, a center island, stainless appliances, Miele Dishwasher and fully loaded. A private office is next to a hall computer station. Large Laundry room with counters and cabinets could be a catering kitchen. The 2 car + Golf Cart garage has an evaporative cooling system. Located in the Not Gated area of Indian Wells there is a small $60 per YEAR - POA - Property Owner Association. The manager has listed the unit size as 2852 square feet.
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| Jan 16, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017