$980,000
$999,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
2,416 SqFt
SOLD DATE : 02/26/2025
Key Details
Sold Price $980,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,416 sqft
Price per Sqft $405
Subdivision Terra Lago
MLS Listing ID 219121946DA
Sold Date 02/26/25
Bedrooms 4
Full Baths 3
Condo Fees $300
HOA Fees $300/mo
HOA Y/N Yes
Year Built 2018
Lot Size 3,920 Sqft
Property Sub-Type Single Family Residence
Property Description
*Luxury Lakeside Retreat with Unmatched Custom Backyard Oasis* One of the highest income producing properties in Terra Lago. This beauty of a home has grossed over $187k in verifiable bookings within the last 18 months per financials provided by the property manager. This home is a cash cow that will blow your expectations and be the perfect replacement home for your 1031 tax exchange. If you're a savvy investor and are looking for a winner to supplement your returns, look no further!! Welcome to your dream home, a stunning lakeside sanctuary nestled in the prestigious community of Terra Lago, Indio, CA.The exterior of the property entails a good-sized pool with one of the biggest Jacuzzi's in the lake that comfortably seats up to 12. The backyard has the desirable majestic south facing endless views of the lake and European style bridge that is hard to match on the lake.Located in the short-term rental-friendly community of Terra Lago with no rental restrictions, this property is perfect for generating passive income for years to come. This property can also be the perfect 1031 tax exchange to add to your real estate portfolio and wow your friends, family, and guests. This newer build has four bedrooms, 3.5 baths, 2 laundry rooms and a upstairs loft that can be converted into a 5th bedroom. Did i mention this home comes designer furnished down to every last accessory. Premier homes like this are hard to find on the lake and will not last.
Location
State CA
County Riverside
Area 309 - Indio North Of East Valley
Interior
Heating Central, Natural Gas
Flooring Vinyl
Fireplace No
Appliance Dishwasher, Gas Cooking, Gas Range, Refrigerator
Exterior
Parking Features Direct Access, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool Electric Heat, In Ground
Community Features Gated
Amenities Available Billiard Room, Clubhouse, Fitness Center
View Y/N Yes
View Lake, Mountain(s)
Attached Garage Yes
Total Parking Spaces 4
Private Pool Yes
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 696090030
Security Features Gated Community,24 Hour Security
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Ouzna Hambli • Keller Williams Realty
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