facebook
Traded Co logo
Submit
Daily limit: 0/10

Ginger Glass Sells La Quinta Mansion In The Madison Club For $31.75M

Property Image
SOLD
$31,750,000
Ginger Glass
Glenn Cassell

California

See Similar Deals
Single Family Residence15,847 SF
Sold 06/01/2023
the dealplayerscompscontact
Property Image
SOLD

Ginger Glass Sells La Quinta Mansion In The Madison Club For $31.75M

53804 Ross Ave La Quinta, CA 92253, USA

See Similar Deals
Single Family Residence15,847 SF
Sold 06/01/2023
Ginger Glass
Glenn Cassell
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,003
Total Square Footage:15,847 SF
Transaction Type:Sale

A stunning mansion located at 53804 Ross Avenue in La Quinta's exclusive community, The Madison Club, has recently been sold for an impressive $31.75 million. This contemporary home offers magnificent views of mountains, water, and the golf course. It features six bedrooms, 11 bathrooms, and nearly 16,000 square feet of luxurious living space.

Summary of transaction details

The successful sale of this extravagant property showcases the demand for luxury homes in La Quinta. With its impressive amenities, spacious living areas, and breathtaking views, it's no wonder that this mansion commanded such a high sale price. The buyer was represented by Glenn Cassell from Madison Club Properties, while the seller was represented by Ginger Glass from Compass.

Players

Ginger Glass
Compass
Ginger Glass
17 deals$391.1M volume(310) 927-9307
BROKER
Glenn Cassell
Glenn Cassell
5 deals$83.4M volume(760) 777-9320
BROKER

Details

SOLD
IMAGE: Ginger Glass DATE: 06/01/2023 ADDRESS: 53804 Ross Avenue MARKET: La Quinta ASSET TYPE: SFR ~ ACRES: 1.01 BUYER'S REP: Glenn Cassell - Madison Club Properties SELLER'S REP: Ginger Glass - Compass (@Compass) SALE PRICE: $31,750,000 SF: 15,847 ~ PPSF: $2,004 NOTE: A stunning mansion in La Quinta's exclusive community, The Madison Club, has sold for an impressive $31.75 million. The contemporary home boasts magnificent views of mountains, water, and the golf course and features six bedrooms, 11 bathrooms, and nearly 16,000 square feet of living space.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$112,801.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$150,511.20
Annual Debt Service$1,806,134.38