Listed by: Terri Munselle, The Agency
$3,100,000
●
House -
Off Market
843 Mesa Grande Drive
Palm Desert, CA 92211
4 Beds
5 Baths,
1
Half Bath
4,575 Ft²
$15,816
Est. Monthly
$594
HOA / Fees
1.51%
Cap Rate
About This Property
(Sold before entry on MLS)Top of the Line Jacaranda 1 model! South
and West views over a lake and 3 fairways! Professionally designed!
Large fenced yard with resort-like pool and spa. Private courtyard
opens to Casita and outdoor fireplace. Large open great room floor
plan with fabulous cabinets and hardware, shutters, and more. The
lot features 4 outdoor entertaining areas- the interior courtyard
with outdoor fireplace and fountain, and the back patio with
built-in BBQ near a waterfall area. 4 beds/4.5 baths. One bedroom
is currently designed to be a 2 person office. Detached Casita is 1
bedroom/1 bathroom.
Unit Size
4,575 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$678
Property Type
House
Property Taxes
-
HOA Dues
$594
Year Built
1999
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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 #219122466DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Listed by The Agency | $3,100,000 | |
| Listed by The Agency | |||
| Feb 3, 2014 | Sold | ||
| Sold | |||
| Oct 1, 2013 | Listed by Coldwell Banker Realty | $2,200,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Top of the Line Jacaranda 1 model! SOUTH and West views over a lake and 3 fairways! Professionally designed! Large fenced yard with resort-like pool and spa. Private courtyard opens to casita and outdoor fireplace. Inside you'll find a large open great room floor plan with art and furnishings all included. Fabulous cabinets and hardware, shutters, linens and more. The lot features 4 outdoor entertaining areas- the interior courtyard with outdoor fireplace and fountain, the back patio has built-in BBQ near a waterfall area. Fantastic electronics, the perfect lighting, the artfully placed designer accessories. 4 beds/4.5 baths. One bedroom is currently designed to be a 2 person office...easily changed to a bedroom.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 Palm Desert
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Listed by: Terri Munselle, The Agency
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219122466DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219122466DA
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