See Home Value
Riverside 92274
86874 Newton Way
$3,750,000
● House - Off Market

86874 Newton Way

Thermal, CA 92274
bedrooms
1 Bed
bathrooms
1 Bath, 1 Half Bath
square feet
8,050 Ft²
$22,041
Est. Monthly
$2,400
HOA / Fees
-0.21%
Cap Rate

About This Property

Experience Japanese-zen living in this 2021 Presidential-suite-designed masterpiece at The Thermal Club, a premier motorsports facility with 5 miles of circuit tracks. The open-concept estate features custom Roche Bobois furnishings, 13' ceilings, and high-end details throughout. The owner has conceptual plans to turn what is now a studio villa into a three-bedroom, three and a quarter bath villa with an elevator. Enjoy panoramic desert and mountain views and access to IndyCar and private racing events. Standard family membership fees at The Thermal Club are $200,000 initiation, $2,400/month dues, and $350/month ground maintenance.
Unit Size
8,050 Ft²
Days on Market
73 days
Land Size
0.23 acres
Price per sqft
$497
Property Type
House
Property Taxes
-
HOA Dues
$2,400
Year Built
2020

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Last updated: 2 years ago (CRMLS #219101843DA)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Sold
Oct 24, 2023 Listed by Desert Pacific Properties $4,000,000
Listed by Desert Pacific Properties
Jun 2, 2023 No longer available -
No longer available
Apr 22, 2023 Price Decreased $5,500,000
↓ $495K (8.3%)
Price Decreased
Feb 27, 2023 Listed by Pacific Sotheby's Int'l Realty $5,995,000
Listed by Pacific Sotheby's Int'l Realty
86874 Newton Way is a Dream Come True for the individual seeking a luxurious lifestyle only a very fortunate few can possess. This Presidential Suite style has one of the largest garages in the THERMAL car club. This Club is the ultimate Motorsports facility with access to 5+ miles of private pavement and luxury amenities for members: fitness center, pools, full service spa, tennis,pickleball,kids club & karting,racing,driver training,storage and repair facilities. 48 hotel villas for family and friends onsite. Built by the Award winning West Coast Builders and situated to view multiple tracks and a panorama of the mountain range from the spacious viewing deck.This home has been crafted as carefully as your finest car! Designed specifically to be enjoyed by the enthusiast as a private get away. An open floorplan makes the most of this sanctuary. Rich walnut cabinetry is a warm contrast to contemporary tones of dark graphite and white. A sumptuous bath with 12' long granite bench in the double shower. The details and materials of this home are luxe and the craftsmanship is excellent. A Control 4 system operates with your phone or remote, music sets the mood from the entry stairwell throughout the home, patios and garage. The areas controlled by A/C total 5420 including the 3370 SF garage with double height ceilings. The non A/C areas total 2630 SF for a total residence of 8,050 SF. Based on lot & build figures, it would take more $$s and almost two years to replicate this. The manager has listed the unit size as 5420 square feet.
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Property Highlights

Air Conditioning
Garage
Parking Available
With View

Building Info

Overview

    General

  • Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 2,400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 7,920
  • Gross Building Area: 7,920
  • Building Area: 2,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,050
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PM 36293-1
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: RX
  • State Land Use Code: C24
  • Legal Description 1: .23 ACRES M/L IN PAR 58 PM 234/024 PM 36293-1

Neighborhood

  • School District Name: Coachella Valley Unified School District
  • Census Tract: 045619

Zoning

  • Zoning: A210

Geography

  • Assessors Map Reference: 36293-1
  • Parcel: 759-220-022
  • Lot: 58
  • Municipality: COACHELLA
  • Latitude: 33.6018
  • Longitude: -116.149

    Address

  • Full Address: 86874 Newton Way
  • Address - House Number: 86874
  • Address - Street Name: Newton
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Thermal
  • Carrier Code: R011
  • 4-Digit Zip Code: 9336
  • Zip Code: 92274

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,436,766
  • Tax Rate Code Area: 058-085

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 75
  • Final Value: 1,132,640
  • High Value: 1,346,400
  • Low Value: 918,880

    Market Valuation

  • Market Total Value: $876,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,660,710
  • Assessed Land Value: $765,550
  • Assessed Improvements Value: $1,895,160

    Sales

  • Current Sale Contract Date: Jan 02, 2024
  • Current Sale Recording Date: Jan 05, 2024
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 5640
  • Previous Sale Recording Date: Mar 07, 2018
  • Previous Sale Contract Date: Feb 08, 2018
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 86874 Newton Way built and last sold?
The property at 86874 Newton Way was built in 2020 and last sold on Jan 2, 2024 for $3,750,000.
How much is this home worth?
The estimated value of the home located at 86874 Newton Way is $0.
What are some comparable homes to 86874 Newton Way?
There are currently no comparable homes to 86874 Newton Way.