77240 Black Mountain Trail
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2021 | Sold | ||
| Sold | |||
| Jun 12, 2021 | Listed by Desert Sotheby's International Realty | $3,495,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Welcome to 'Few Palms', a sprawling one-acre, newly renovated estate ideal as a family compound or entertainer's paradise. This massive contemporary Ministrelli-built residence has an enormous guest house equipped with a spacious great room, full bar, and two guest bedrooms; sunken tennis/pickle ball court with gathering area and bbq station; putting green; bocce ball court; a huge pebbletec pool and spa with fountains, and stunning mountain range views. The current owners reimagined every aspect of this ultra-private property inside and outside: all new landscaping and landscape lighting including a sizable rock and stone waterfall fountain; new designer kitchen with premium appliances, stone counters with ample space to prep, and custom cabinetry; stunning living room with soaring vaulted wood-beamed ceilings, showcase fireplace, and striking wet bar; new wood tile and luxe carpet flooring; chic master suite with two separate walk-in closets, stand-alone bathtub, large remodeled walk-in shower, and fantastic natural light; luxurious guest bedrooms with ensuite bathrooms; a plethora of areas to congregate, and furnishings negotiable outside of escrow. Indian Wells Country Club is a guard gated community centrally located near El Paseo and numerous shopping and dining options.
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| Oct 21, 2020 | Sold | ||
| Sold | |||
| Jan 3, 2020 | No longer available | - | |
| No longer available | |||
| Jan 2, 2020 | Listed by Desert Sotheby's International Realty | $1,890,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Priced close to the cost of the land! Terrific fixer-upper for this extraordinary tennis compound offering multiple opportunities with a sought-after Indian Wells address.The expansive estate includes 1+acres encompassing an entire corner of the quiet Painted Cove community within gates of Indian Wells CC.The compound showcases outstanding architectural design and includes two dwellings; main house plus guest house, regulation tennis court with cabana, lit bocce ball court, resort-style pool, spa,BBQ and alfresco dining for unmatched desert living savoring superb mountain views.The guest home offers a spacious great room plus two bedroom suites. The main house is ready for your design dreams NOTE:main house has been taken to the drywall and cement floor stage of the build. The tennis court is situated on a portion of the property with possibility to be parceled off and given its own APN and the option to sell the lot or construct an additional home to sell or add to the compound. The quality and construction options make this a dream opportunity. Great upside potential.
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About Indian Wells
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017