852 Mesa Grande Drive
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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.
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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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | No longer available | - | |
| No longer available | |||
| May 1, 2024 | Listed by The Agency | $1,800,000 | |
| Listed by The Agency | |||
| Nov 3, 2023 | Listed by The Agency | $1,800,000 | |
| Listed by The Agency | |||
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An Instant Classic! This amazing 15K+ sqft lot is one of the larger lots available at Indian Ridge CC in Palm Desert. Overlooking lake and straight over Arroyo #3 green, over green at Grove #17, uninterrupted views all the way way up Grove #16 to the tee box in the distance! See attached photo from 1995...the view in the photo is where this home was then built 3 years later, making it truly a piece of IRCC history! This popular Ocotillo 1G model has an open floor plan encompassing living room, wet bar & kitchen w/ breakfast nook which all open out to the patio & share those fabulous views! Fireplace & builtins are highlights of the living room, and the large wet bar with counter seating makes for a great entertaining home! Kitchen features granite countertops, island w/cooktop, walk-in pantry & counter bar w/seating. Bay windows highlight the breakfast nook, overlooking patio & views. Separate dining room accessible from kitchen, with french doors leading out to generous side yard 'rose garden' area w/ outdoor fireplace & seating. Primary suite shares those same views, & has private access to the patio. The ensuite bathroom provides granite counters, dual vanities and shower & tub. The 2 guest rooms are also en suite - one on either side of home. Off the front courtyard is the attached 1 bedroom, 1 bathroom Casita, currently used as an office. Attached 2-car garage + golf cart garage. Beautiful community pool & spa is just 1 house away! Turnkey Furn. CLUB Membership-no wait The manager has listed the unit size as 3371 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
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017