Investors, 1031 Buyers: 12% CAP RATE! Outstanding, beautifully reimagined, very private Mid Century Modern Joshua Tree compound with casita, a 40' heated swimming pool, spa & mountain views on nearly 6 acres by design collective KALM. Modern interior spaces w/charcoal colored concrete floors, whitewashed walls & expansive picture windows. Custom walnut kitchen w/island & abundance of white quartz counter space, new appliances &14' Panoramic folding doors opening onto deck. Great room with original working fireplace w/vintage tiled hearth & stone surround. New systems throughout including Nest, ducted HVAC, plumbing, electrical & custom lighting. Each of the two main house bedrooms have distinctive Cle tiled baths with modern barn doors & access to decking, patios & pool beyond. A third bath in the main house has a large copper soaking tub. Great room opens to an expansive 60' deck looking toward the swimming pool & desert landscape beyond. The newly constructed swimming pool has a custom automated pool cover, Baja shelf & a 60' concrete and Brazilian Garapa wood surround & a seven seater Hot Tub/Spa. Luxurious, permitted detached Casita w/full bath & direct access to a beautifully tiled outdoor shower. The landscape is a forest of Joshua Trees, 400 year old Yucca trees, a hammock chill zone & space for a vintage trailer. A chic & hip hideaway for creatives & privacy seekers surrounded by acres of BLM land. A truly magical property for a vacation rental, desert escape or full-time residence. Property currently has a short term rental license (main house and casita my be rented separately or together). Leased solar transfers to the new owner. Only 10 minutes to Joshua Tree's lively downtown area and the park, 55 minutes to Palm Springs & two hours to DTLA. The coveted design team at KALM meticulously designs & curates only one property annually. This is a rare opportunity to purchase a unique, top-notch compound. Property is located in Joshua Tree with a Joshua Tree address and zip code. The house is currently the owner's 2nd home and is rented as a premium short term rental with significant income for 2023 & 2024; WITH A 12% CAP RATE. Sold furnished per inventory.
Property Type :
Residential
Subdivision :
Fallbrook
County :
San Bernardino
Style :
Residential
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ByOwner last updated this listing 05/03/2024 @ 04:26
MLS: 24370423
LISTED BY: Richard Guelich, CalNative Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
