846 Mesa Grande Drive
About This Property
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 23, 2020 | Sold | ||
| Sold | |||
| Jun 8, 2020 | No longer available | - | |
| No longer available | |||
| Jun 8, 2020 | Listed by Compass | $1,595,000 | |
| Listed by Compass | |||
| Jan 13, 2020 | Price Decreased |
$1,745,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
| Nov 28, 2019 | Listed | $1,795,000 | |
| Listed | |||
| | |||
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RARE! 2nd largest lot at Indian Ridge CC! Ultimate in privacy with great SOUTH sun! Plenty of room for pool, 2-bd casita...etc! Superior design & craftsmanship evident throughout this furnished Ocotillo 2G. This estate-like home offers a spacious front courtyard w/built-in Dynasty BBQ and lake view patio w/fire pit + spa/waterfall w/spectacular lighting effects. This home's timeless contemporary design is highlighted throughout by custom quartz by Cambria, + custom fireplace, unique furnishings, cabinets & built-ins by Spectrum and more! Kitchen features custom cabinetry by Spectrum, custom quartz by Cambria, top of the line stainless appliances. Master suite has custom builtins + walk-in closet. Fully re-designed ensuite bathroom with spa-like shower, quartz countertops, dual vanities + custom vanity w/builtins & flatscreen TV. 2 ensuite guest rooms main house - 1 is currently used as office. Attached 1 bd/1ba Casita. Home is offered furnished per inventory (art/accessories are negotiable). Club or Golf membership available. The manager has listed the unit size as 3576 square feet.
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About Palm Desert
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$8,500 /mo
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$8,500 /mo
- 3 Beds
- 3 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017