70
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8 Desert Lark Circle
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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%.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by Compass | $5,250,000 | |
| Listed by Compass | |||
| Apr 15, 2023 | No longer available | - | |
| No longer available | |||
| Mar 19, 2023 | In contract | - | |
| In contract | |||
| Feb 27, 2023 | Listed by Bennion Deville Homes | $3,995,000 | |
| Listed by Bennion Deville Homes | |||
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Tucked away in the Clancy Lane area this custom home was just finished in Rancho Mirage located in "Lark 8". Number 8 Desert Lark is part of the custom home collection in the gated development and carries forward the communities distinct architecture and organic modern ambiance which is evident the moment you enter the gate. Architectural portico that lends light and shade along the pathway to the front door with generous indoor/outdoor space with covered patio space and frames the pool, spa and conversation firepit seating area. The great room and chefs kitchen are showcased by floor to ceiling windows that stream natural light both during the day and night and highlight the premier mountain views. The primary suite has large spa bath with soaking tub and beautiful built out closets. Two additional bedroom suites and additional one bedroom guest house with separate living area and private patio. Home automation Control4 system integrates lighting, audio/video, air conditioning, pool controls, and home security with just a touch. In addition superlative mechanicals including 8.4kw solar system and back up battery and three car conditioned garage spaces and Halo 5 whole house water filtration system. The architecture and design coupled with majestic mountain views speaks for itself and we are sure that you will be singing like a Lark. The manager has listed the unit size as 4374 square feet.
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About Indian Star
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017