907 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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | Listed by Equity Union | $1,625,000 | |
| Listed by Equity Union | |||
| Mar 18, 2025 | Listed | $1,725,000 | |
| Listed | |||
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Nestled within the prestigious gated community of Indian Ridge Country Club in Palm Desert, this home is a true gem. Each home overlooks one of two renowned Arnold Palmer 18-hole golf courses. This property showcases breathtaking SOUTH FACING views of a serene waterfall, majestic Santa Rosa mountains, and lush golf course fairways, perfectly situated between the 8th and 9th holes on the Arroyo Golf Course. The Ocotillo 2 floor plan offers 3,255 sq. ft. of stylish, spacious living with 3 bedrooms and 3.5 bathrooms. Located on the desirable interior street of Mesa Grande, enjoy a friendly neighborhood and the ultimate in tranquility. Inside, neutral travertine tile floors complement any decor, while carpeting in all bedrooms, and tiled en-suite baths provide the utmost in comfort and privacy. The expansive waterfront lot offers endless possibilities for outdoor living: imagine an extended patio, a cozy fire pit, or even a pool and spa for the ultimate entertaining retreat. This floor plan is designed for modern convenience and lifestyle flexibility, allowing you to bring your vision to life. At a rate of $551 per square foot, this sought-after home offers a unique opportunity for potential gains, with similar floor plans selling in the range of $700 per square foot after updates. Registered with a Club Membership, this residence is a gateway to the best of Indian Ridge living--whether for recreation, relaxation, or creating the home of your dreams. Furnished per inventory.
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| May 7, 2024 | Listed by Bennion Deville Homes | $1,551,000 | |
| Listed by Bennion Deville Homes | |||
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Sold before on the MLS. This Ocotillo 2 has 3 Bedrooms, 3.5 baths. South facing over water with a great view of the mountains.
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About Palm Desert
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017