779 Mesa Grande 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 |
|---|---|---|---|
| Feb 3, 2021 | Sold | ||
| Sold | |||
| Dec 31, 2020 | Listed by Bennion Deville Homes | $1,580,000 | |
| Listed by Bennion Deville Homes | |||
| | |||
|
Welcome home to this 4,155 square foot custom Ocotillo 3 with not only one - but two casitas, making it five bedrooms and truly one of a kind! Beautiful stone flooring, high ceilings, crown molding and open spacious rooms are just the start. French doors in the kitchen and dining room open up to the side yard which creates the perfect indoor/outdoor flow. The master suite is vast and includes an expanded bathroom with separate sink/vanity area. Generous guest bedrooms, one which includes its own access from the pool area and a custom walk-in closet and bathroom. Two additional casitas are perfect for family and friends. The outdoor living area features a wraparound patio, sparkling pool and spa, built-in BBQ, pergola covering, fire pit and lots of space for entertaining. The views are awe inspiring as you sit elevated above two fairways and overlook panoramic views of the San Jacinto Mountains. Simply remarkable. Furnished per inventory. Club or Golf Membership available.
| |||
| Jul 7, 2020 | No longer available | - | |
| No longer available | |||
| May 23, 2020 | Listed | $1,580,000 | |
| Listed | |||
| | |||
|
Welcome home to this 4,155 square foot custom Ocotillo 3 with not only one - but two casitas, making it five bedrooms and truly one of a kind! Beautiful stone flooring, high ceilings, crown molding and open spacious rooms are just the start. French doors in the kitchen and dining room open up to the side yard which creates the perfect indoor/outdoor flow. The master suite is vast and includes an expanded bathroom with separate sink/vanity area. Generous guest bedrooms, one which includes its own access from the pool area and a custom walk-in closet and bathroom. Two additional casitas are perfect for family and friends. The outdoor living area features a wraparound patio, sparkling pool and spa, built-in BBQ, pergola covering, fire pit and lots of space for entertaining. The views are awe inspiring as you sit elevated above two fairways and overlook panoramic views of the San Jacinto Mountains. Simply remarkable. Furnished per inventory. Club or Golf Membership available. The manager has listed the unit size as 4155 square feet.
| |||
| Feb 2, 2015 | Sold | ||
| Sold | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017