Listed by: David Goldberg, Windermere Homes & Estates
$545,000
●
Land -
Off Market
8 Big Sioux
Rancho Mirage, CA 92270
Studio
0 Bath
$1,003,161
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
A MUST SEE -- Amazing Panoramic South & West Views of the Valley
and Surrounding Mountains from this One+ Acre, Elevated, Corner
Lot. Located in the prestigious enclave of Big Sioux Estates in the
heart of Rancho Mirage - minutes from some of the best golf, dining
& shopping the valley has to offer. Build your Grand Estate on over
1 acre of land in this gated and very private, very desirable
enclave of 8 architecturally significant Grand Manor Homes. Must
see to believe these amazing views! Bring your architect and take
advantage of this huge elevated, view lot to create your dream
compound with plenty of room for a 5,000+ square foot home, plus an
outdoor entertainer's paradise with pools, tennis court, putting
green, gardens - whatever your heart desires. ATTENTION BUILDERS -
don't miss out on this exceptional flat view lot to design and
build your next masterpiece.
Unit Size
-
Days on Market
-
Land Size
1.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$466
Year Built
2022
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Cap Rate
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 #)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2019 | Sold | ||
| Sold | |||
| Jan 7, 2019 | Listed by Windermere Homes & Estates | $680,000 | |
| Listed by Windermere Homes & Estates | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rancho Mirage
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Listed by: David Goldberg, Windermere Homes & Estates
Last Updated: 2 years ago
Data Source: CRMLS
Last Updated: 2 years ago
Data Source: CRMLS
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