The racing sensation Giacomo captured the 2005 Kentucky Derby at
50-1 odds. At 81115 Giacomo Way, a winning pedigree takes a
different form: an original Griffin Ranch model home w/ distinctive
interiors, substantial owner improvements & an extraordinary
backyard retreat. This approx. 3,152-square-foot residence offers 3
BDs, 3.5 BAs & a separate den/office. Travertine tile & wood-inlaid
flooring & custom wall treatments reflect its model home origins.
An open kitchen/great room, formal dining room, island kitchen,
walk-in pantry & breakfast nook create inviting spaces for living &
entertaining. Three en-suite BDs offer privacy, plus a guest powder
room. South-facing outdoor leisure features spectacular mountain
views & a 50-foot Pebble Tec saltwater pool w/ 4 waterfalls, 4 fire
bowls, 3 arching water jets & a separate fire pit. Approx. 50
mature palms, including date and Canary palms, new front
landscaping, new landscape lighting that transforms the grounds
after sunset & a commercial misting system enhance generous dining,
gathering & relaxation areas. An expansive granite entertaining
island features 2 sinks, ice wells & Lynx stainless steel
appliances, including a grill, side burner, warming drawer, ice
maker, refrigerator & ample storage. A pizza oven, outdoor
fireplace, brand-new sauna, fountain beneath the canopied leisure
area & outdoor shower complete the backyard retreat. The upgraded
2-car + golf cart garage includes epoxy flooring, overhead metal
storage, workbench, new garage doors, EV charger plug & water
softener. Owner investments include a fully paid-for, efficient
47-panel solar system producing approx. 17,000 kWh annually. The
current owner uses approx. 18,000 kWh annually, with reported
electricity costs of about $400/year based on their usage.
Additional improvements include approx. $40,000 in air-conditioning
upgrades completed less than 2 years ago & extensive electrical
upgrades throughout. Carefully maintained & thoughtfully enhanced,
this former model combines distinctive character w/ exceptional
outdoor living. Griffin Ranch offers one of the desert's best HOA
amenity packages: stunning clubhouse, state-of-the-art fitness
center, resort-style pool/spa, tennis & pickleball courts, bocce
ball, walking trails, social gathering areas, dog park & vibrant
community atmosphere. A one-of-a-kind champion, 81115 Giacomo Way
is ready for its next winning chapter.
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.
Parking Features: Direct Access, Driveway, Garage, Golf Cart Garage, Garage Door Opener
Garage Spaces: 3
Open Parking Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Beamed Ceilings, Breakfast Bar, Built-in Features, Tray Ceiling(s), High Ceilings, Open Floorplan, Recessed Lighting, Walk-In Closet(s), BreakfastArea, SeparateFormalDiningRoom, AllBedroomsDown, DressingArea, PrimarySuite, WalkInPantry
Appliances: Dishwasher, Electric Oven, Freezer, Gas Cooktop, Disposal, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Refrigerator
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