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8744 Star Lane
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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Listed | $844,000 | |
| Listed | |||
| | |||
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Discover a rare opportunity to own two modern desert homes in Joshua Tree Highlands, the area’s premiere location—just minutes from vibrant Joshua Tree Village in one direction and minutes from the main entrance to Joshua Tree National Park in the other direction.
Set on a dramatic two-plus acre lush desert landscape of trees, boulders, native flora and abundant wildlife, this meticulously maintained property features two thoughtfully designed contemporary homes:
The main house is a striking 1,200-square-foot open-concept space. Presently it is a blank slate waiting for one’s creative vision. With tall ceilings, polished concrete floors, and expansive windows framing the desert beyond, it’s an ideal canvas for a custom desert retreat. It could be an open artist’s loft or simply a home of high-design living.
The guest house is a perfectly proportioned 425 square foot modern dwelling with soaring ceilings and an efficient layout complete with full kitchen. It’s filled with natural light and has incredible views of the mountainside the homes are nestled into. There is an amazing private deck expanding the living space and an outdoor bath tub. It’s ideal as a guest suite or an art studio or it could be an income producing rental unit.
Highlights:
*Prime location in Joshua Tree Highlands—premiere setting near the village and park entrance
*Two separate homes offering versatility for living, rental, or work/studio use
*Clean, contemporary design with minimalist finishes and desert-resilient materials
*Surrounded by panoramic views, native vegetation, and the iconic high-desert silence
Whether you're an investor, artist, designer, or desert dreamer, this is an opportunity to own a versatile and inspiring property in the most desirable part of Joshua Tree. Endless potential, unmatched setting—your modern desert sanctuary awaits.
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| Mar 12, 2025 | Listed by Compass | $844,000 | |
| Listed by Compass | |||
| Mar 10, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017