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75581 Painted Desert Drive
About This Property
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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.
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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Nov 2, 2024 | In contract | - | |
| In contract | |||
| Oct 21, 2024 | Listed by HomeSmart | $3,200,000 | |
| Listed by HomeSmart | |||
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Welcome to this rare and special opportunity to experience the very best desert life has to offer in the heart of exclusive Indian Wells. Taking its cues from the mid-century styling for which the Coachella Valley is known, this private oasis was designed by well-known builder Chuck Strothers. A beautifully landscaped double corner lot offers incredible views of the Santa Rosa mountains, while featuring an extremely private South-facing backyard with large pool, spa, patio and your own full-size tennis/pickleball court. Exterior renovations completed in 2020 include new exterior paint, professional landscaping, new patio and driveway pavers, new pool / spa with all new equipment, and a new solar system with backup battery and EV charger. The open floor plan offers 3 ensuite bedrooms, plus a pool bath. This is an amazing property to enjoy with family & friends, or simply decompressing from daily life in the beautiful California desert. Conveniently located near the best golf courses, dining, and shopping, everything you need is just a short golf cart drive away. Family room off the kitchen could be converted to a 2nd master suite with outside entrance. There are approved plans and permits available for a new 3-car attached garage and a detached Casita (ADU) overlooking the tennis court...permit would need to be renewed.Note: This is a double lot with two separate utility addresses.
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| Apr 18, 2019 | Sold | ||
| Sold | |||
| Nov 19, 2018 | Listed by Desert Sotheby's International Realty | $1,249,000 | |
| Listed by Desert Sotheby's International Realty | |||
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About Indian Wells
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017