$1,050,000
●
House -
Off Market
80790 Spanish Bay
La Quinta, CA 92253
3 Beds
4 Baths,
1
Half Bath
2,973 Ft²
$1,345,550
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Welcome to PGA West the Western Home of golf in America. Located on
the 17th green of the Jack Nicklaus tournament this home is a must
see. Upon entering the private gated courtyard w/ tranquil water
feature & fireplace you will immediately fall in love. This highly
sought after 3B/3.5BA Bustamante floor plan features: travertine
flooring, granite counters, hand painted golf mural, custom wood
work, & so much more. As soon as you come through the front door
you will marvel at the view of the green. The backyard is the
perfect place to enjoy the sunshine by the pool. This property is
offered turnkey furnished. The current owner has kept the property
in excellent condition & it's impeccably maintained. Close
proximity to Ernie's & the clubhouse makes location highly
desirable. Low HOA dues covers front landscape, cable w/internet,
24 hour patrolled security, exterior painting, & community
pool/spa. PGA West membership offers 6 golf courses, 3
clubhouses, tennis courts, pickle ball courts, bocce ball, state of
the art fitness center, outdoor restaurant, & so much more. Please
inquire for more details. This is the home you have been waiting
for.
Unit Size
2,973 Ft²
Days on Market
35 days
Land Size
0.28 acres
Price per sqft
$387
Property Type
House
Property Taxes
-
HOA Dues
$445
Year Built
2001
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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: 3 years ago (CRMLS #219061738DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | Listed by Coldwell Banker Realty | $1,495,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
PGA West: The Golf Capital of the DesertWelcome to this charming home nestled on the Golf Course at PGA West. With stunning views, ample privacy, and an expansive patio perfect for entertaining, sunbathing, and hosting BBQs by the pool and spa, this 3,000-square-foot residence offers a delightful lifestyle.Inside, you'll find three bedrooms, three and a half baths, a family room, a living room, a dining room, and a bar--each providing the same entertaining features as the spacious patio. As you enter through the tranquil courtyard with its soothing water feature and inviting fireplace, you'll instantly feel at home. The warm and welcoming interior confirms that you've found your sanctuary.
| |||
| Jun 11, 2021 | Sold | ||
| Sold | |||
| May 7, 2021 | Listed by Compass | $1,150,000 | |
| Listed by Compass | |||
| Jul 29, 2017 | Listed | $899,000 | |
| Listed | |||
| | |||
|
Welcome to PGA West the Western Home of golf in America.Located on the 17th green of the Jack Nicklaus tournament this home is a must see. Upon entering the private gated courtyard w/ tranquil water feature & fireplace you will immediately fall in love.This highly sought after 3B/3.5BA Bustmante floor plan features: travertine flooring, granite counters, hand painted golf mural, custom wood work, & so much more. As soon as you come through the front door you will marvel at the view of the green. The backyard is the perfect place to enjoy the sunshine by the pool. This property is offered turnkey furnished.If you are exploring the idea of vacation rentals this home has been in a rental program for the past 6 years.The amount of repeat visitors & 5* reviews is a major opportunity for you. The current owner has kept the property in excellent condition & it's impeccably maintained.Please inquire for more details.Close proximity to Earnie's & the clubhouse makes location highly desirable. The manager has listed the unit size as 2973 square feet.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About PGA West
Similar Homes for Sale
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$7,000 /mo
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$7,000 /mo
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Listed by: Jon Caruana, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219061738DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219061738DA
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