Ginger Glass Sells La Quinta Mansion In The Madison Club For $31.75M
53804 Ross Ave La Quinta, CA 92253, USA
$31,750,000
$2,003/SF
Building Size
15,847 SF
Asset Type
Single Family Residence
Closing
Jun 1, 2023
AI
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
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $31,750,000
- Address: 53804 Ross Avenue, La Quinta
- Market: La Quinta
- Asset Type: SFR
- Acres: 1.01
- Buyer's Rep: Glenn Cassell - Madison Club Properties
- Seller's Rep: Ginger Glass - Compass
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.
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93