793 Mesa Grande Drive
About This Property
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jul 16, 2018 | Sold | ||
| Sold | |||
| May 16, 2018 | Listed | $1,195,000 | |
| Listed | |||
| | |||
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This inviting home sits with a view of a double fairway, on a rare spacious lot of 12,197 sq ft. with unique patio areas including a spa/waterfall that flows into a stream leading to an additional waterfall then flowing into a beautiful large pool in the side yard. This amazing outdoor retreat is an entertainer's delight with built-in BBQ and 2 burners, an Adobe SW style outdoor fireplace, and a turf area. The sought after O-1G floor plan consists of 3 bedrooms and 4 baths plus the Casita that has been converted to a well appointed office with the additional bathroom. The spacious kitchen has an island and walk in pantry and dinette area. The great room with fireplace, formal dining and a large wet bar complete the features that make this home the perfect Desert haven. Club and Golf Memberships available. The manager has listed the unit size as 3371 square feet.
| |||
| Mar 2, 2018 | Listed by RE/MAX Consultants | $1,195,000 | |
| Listed by RE/MAX Consultants | |||
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017