Listed by: Kimberly Oleson, Coldwell Banker Realty
$974,900
●
House -
Off Market
78840 ViA Melodia
La Quinta, CA 92253
3 Beds
2 Baths
2,038 Ft²
$5,337
Est. Monthly
$550
HOA / Fees
4.86%
Cap Rate
About This Property
Discover the Best Kept Secret in the Desert! Welcome to the
Ventanas neighborhood of Rancho La Quinta, where this stunning
Madrid model awaits. This 3-bedroom, 2-bath home boasts an open
layout, perfect for modern living. The renovated kitchen features a
large island, 'Atacama' granite counters and stainless steel
appliances, while the recently updated baths add a touch of luxury.
Situated on a large corner lot, this home offers truly spectacular
South and West views. The new pool/spa, completed by Teserra
Outdoors in the summer of 2024, has been front-loaded to maximize
views of the breathtaking Santa Rosa mountains. The well-landscaped
backyard, with direct entry from the kitchen, features a built-in
BBQ and numerous citrus trees. Additional upgrades include top of
the line HVAC system, porcelain wood look plank flooring in the
bedrooms, newer ceiling fans, lighting fixtures and more. Ventanas
residents enjoy low HOA dues with the opportunity for residents to
purchase a sports or golf club membership to the prestigious Rancho
La Quinta Country Club. Don't miss out on this incredible
opportunity to own a piece of paradise!
Unit Size
2,038 Ft²
Days on Market
40 days
Land Size
0.24 acres
Price per sqft
$478
Property Type
House
Property Taxes
-
HOA Dues
$550
Year Built
1998
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100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 2 years ago (CRMLS #219123027DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | Listed by Coldwell Banker Realty | $974,900 | |
| Listed by Coldwell Banker Realty | |||
| Apr 9, 2021 | Sold | ||
| Sold | |||
| Feb 23, 2021 | Listed by Desert Sands Realty | $579,900 | |
| Listed by Desert Sands Realty | |||
| | |||
|
Located at the Ventanas of Rancho La Quinta. This home has 3 bedrooms, one which is being used as a media room, 2 full baths, spacious island kitchen, inside laundry room, vaulted ceilings in the great room, gas fireplace, custom window coverings and a remote power awning. 10454 sqft oversized corner lot with mature landscaping, fruit trees, and a pebble tech salt water spool with a sheer descent. backyard has a built-in-BBQ. Front yard landscaping, 24 hour security, cable TV, Clubhouse and so much more included in the hoa fees. Golf Memberships are available.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rancho La Quinta
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Listed by: Kimberly Oleson, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219123027DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219123027DA
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