706 Summit Cv

• Infinity Pool: The expansive infinity pool with panoramic views significantly enhances the property's appeal and value • Car Gallery: The custom-designed car gallery with unique lighting and finishes adds a luxurious and exclusive touch • Aquarium Hallway: The aquarium hallway is a unique and impressive feature that adds significant aesthetic and monetary value • Gourmet Kitchen: The gourmet kitchen with high-end appliances and custom cabinetry enhances the property's functionality and luxury • Elevator: The inclusion of an elevator adds convenience and accessibility, increasing the property's appeal • Infinity Pool • Car Gallery • Aquarium Hallway • Gourmet Kitchen • Elevator • Price Position: At $2854.79 per square foot, this property is significantly more expensive than the median price per square foot in 92260 ($371). This reflects the property's luxury status and unique features, but also highlights the limited pool of potential buyers. • Appreciation Trend: Homes in 92260 have sold for 3.1% more than they did a year ago. However, this figure may not be directly applicable to a luxury property like 706 Summit Cv, as its value is driven by unique factors beyond general market trends. • Potential Equity: Property could be worth up to $3,500,000 more than the asking price • Rental Income: $50,000/month with 90% occupancy (0.0% cap rate) • Schools: High ratings of Gerald R. Ford Elementary (8/10) and Palm Desert High School (9/10) likely add a 5-8% premium to property values compared to areas with lower-rated schools. The lower-rated middle school may be a concern for some buyers. • Safety: Violent crime is 29.7% lower than the state average and 35.5% lower than the national average. Property crime is 26.7% lower than the state average and 12.0% lower than the national average. • Future Development: No specific planned developments are mentioned that would directly impact the property, although the area is known for ongoing luxury development. • The property benefits from abundant natural light, thanks to its large windows and open design. The orientation of the building maximizes exposure to sunlight, creating bright and inviting interior spaces.