63020 Two Mile Road
Joshua Tree, CA 92252
About this home
2 UNIQUE STR HOMES on 7 Acres w/ room to build. Approx 11% CAP. Perfect for 1031 and BONUS DEPRECIATION! 2025 - $203K Gross,
$132k NOI = 11% CAP. Financing $959k at 7%/30yr = ~$76.6k/yr debt service with 20% down $240K. Cash flow: ~$55.6k/yr = 23.0% cash-on-cash
Tax: Cost Seg (if applicable) + 100% bonus depreciation - $253k yr 1 deduction ~$94k federal tax savings (37% bracket)
Net cash in after tax savings: $240k - $94k = ~$146k Cash-on-cash on net cash: $55.6k ÷ $146k = ~38% (estimated, buyer verify w/ tax advisor)
2.5 miles to Downtown JT & 8 miles fr National Park West Entrance, this offering includes 2 architecturally distinctive hangar-style homes: "Desert Moon" & "Starship" built 2021/2023 top-rated short-term rentals $203,000 gross 2025 revenue, approx $132,000 NOI.
1160 sqft each, 2/2B, 20ft ceiling, dramatic 15ft walls windows, framing desert/mountain views, two king ensuite bedrooms, immersive themed interiors, space pods, stargazing lofts, fenced private backyards with hot tubs, seasonal above-ground pools, propane fire pits, and outdoor dining. Each unit is steel constructed with closed-cell spray foam insulation and commercial-grade roofing membranes, exceptional energy efficiency (see expenses), superior durability against sun and wind, and an extremely low-maintenance ownership profile. Unlike much of the area, the property is served by municipal water and grid power, no well, no water hauling, no off-grid complexity. Both units hold active San Bernardino County short-term rental registration and carry high guest ratings (4.96 and 4.97 across 475+ combined reviews), Desert Moon holds "Airbnb Guest Favorite status" and the Starship ranked in "top 10% of eligible listings."
Future upside potential is substantial!
1. Marketed exclusively only on AIRBNB; expand to direct booking, other sites + target corporate/retreat/wellness channels = UNTAPPED DEMAND.
2. 7.5-acre parcel may offer potential subdivision for an ADDITIONAL LOT & HOME(S) - buyer to verify w/ SB County Land Use.
3. LUXURY/WELLNESS repositioning of Moon- sauna, redlight, pool heating or change to in-ground, and complete design refresh (See AI renderings).
ALL 3 options offer a path to HIGHER ADRs in a market where unique stays and wellness focused spaces now command significant premiums.
Fully furnished and turnkey with operating history and revenue documentation. This is a unique new construction, dual-unit compound with income + growth strategy.
Features
Photos
Location
Open in Google MapsListing courtesy of DEBRA HANNA BROKER, Debra Hanna. Source: CRMLS.
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