$685,000
●
House -
Off Market
81125 Carefree Drive
Indio, CA 92201
5 Beds
5 Baths
3,346 Ft²
$1,139,781
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model
About This Property
Welcome to Montage at Santa Rosa. There are no HOA restrictions on
short term rentals. This stunning 5 bedroom, 5 bathrooms , 4
ensuite, in bedrooms. Sitting on a 13000 square foot lot, with a
very private rear yard complete with a resort style pool, spa and
waterfall. Designed as the best for vacation rental or large family
compound. The outer locked/gated courtyard leads to your front
entry comprised of double wide leaded glass doors opening into
dramatic foyer w/spectacular stacked rock ceiling featuring Tiffany
style pendant lighting. Great rm has a framed, built-in nitch for
lrg screen tv & audio equip. The master suite feats an upholstered
wall & Parisian faux finish. 2 LARGE dbl closets w/high qual
built-ins, dual tall sinks, huge shower, tub, sep toilet rm .
Custom window treats, solar tubes, qual details incl. wall papers,
antiqued door hardware/faucets thru out & so much more. Fabulous
vacation rental possibilities. Walking distance 2 Empire Polo Field
Unit Size
3,346 Ft²
Days on Market
72 days
Land Size
0.30 acres
Price per sqft
$202
Property Type
House
Property Taxes
-
HOA Dues
$126
Year Built
2005
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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 #216023382DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 2022 | No longer available | - | |
| No longer available | |||
| Feb 15, 2022 | In contract | - | |
| In contract | |||
| Dec 31, 2021 | Relisted | $1,990,000 | |
| Relisted | |||
| Dec 21, 2021 | In contract | - | |
| In contract | |||
| Dec 10, 2021 | Listed by Pacific Moon Real Estate | $1,950,000 | |
| Listed by Pacific Moon Real Estate | |||
| | |||
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5 Bedroom, 5 bath waterfall retreat home at the World Famous Montage at Santa Rosa community that ALLOWS short term rentals! One of the very few communities in the desert where the CITY AND HOA allow short term rentals. Montage is located within walking distance to Coachella and Stagecoach. This interior tract, corner lot home is in turnkey condition. Remodeled bathrooms, kitchen cabinets, professionally decorated. Furnished with everything needed to start renting short term on day 1 of ownership including a fully stocked kitchen, poker table, shuffleboard table, ping pong, pool and waterfall spa and many other amenities (Furnishings to be sold separately). Currently the home has 5 bedrooms and 5 bathrooms, and there are potential plans to make this a 6 bedroom home and place games in the spacious front courtyard after covering with a pergola (subject to architectural approval). Corner lot location with 3 car garage and large driveway allows for plenty of guest parking. The manager has listed the unit size as 3346 square feet.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: Michael Pinter, Shaffer Realty and Mortgage
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216023382DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 216023382DA
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