892 Mesa Grande Drive
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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 |
|---|---|---|---|
| Jan 12, 2023 | Sold | ||
| Sold | |||
| Aug 19, 2022 | Listed by Compass | $2,150,000 | |
| Listed by Compass | |||
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Contemporary Elegance! Golf membership available to Buyer - no wait! This highly upgraded home is stunning! Great outdoor space private pool + spa. Sweeping views of mountains and golf course, Arroyo #2 + 3 and Grove #17 Golf membership is requisite with this home. Back patio features private pool & spa, built-in BBQ, fire pit and several areas for entertaining & lounging. Open floor plan - great views from living & dining roomsUpgrades throughout! Designer electric shades in all living/dining areas, shutters in bedrooms, Quartz countertops and more!Offered furnished per inventory. Kitchen features Jenn-Air appliances, solar tube for additional natural light, refinished cabinetry and seating at countertop bar. Spectacular hi-gloss flooring throughout, with carpeting in bedrooms. Master Suite offers seating area and 2 closets (1 large walk-in). Master ensuite bathroom features dual vanities, shower + tub. 2 Guest bedrooms - both are en suite. Individual laundry room. Attached 2 car + golf cart garage. Garage features epoxy flooring, mini-split A/C, great built-ins and desk area + direct access in to the home. Located in the center of Mesa Grande, just short cart ride to the main Clubhouse, Fitness Center and tennis/sports courts.
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| Aug 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 4, 2018 | Sold | ||
| Sold | |||
| May 29, 2018 | Listed | $835,000 | |
| Listed | |||
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Attention Agents this is one of the best buy's in Indian Ridge Reduced and now priced to sell including furniture. Octillo 2 plan with sprawling open floor plan. Upgrades include the open window ledges in the dining rm with granite shelf's. Lifht & bright thru out. Golf course Views of Arroyo second hole. 3 stall garage includes golf cart. Don't miss showing and selling this fabulous property. The manager has listed the unit size as 3255 square feet.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017