Seller's Agent in 2025
David Colin
HomeSmart
(760) 702-4908
72 in this area
121 Total Sales
4
Beds
4
Baths
2,697
Sq Ft
4,356
Sq Ft
Highlights
- Lake Front
- Water Access
- In Ground Pool
- Boat Ramp
- Fitness Center
- Panoramic View
About This Home
As of August 2025Incredible Opportunity: Premier desert Lakeside home in Terra Lago.Unlock the door to unparalleled luxury and outstanding investment potential with one of the most coveted lots in Terra Lago Lake! This exceptional property boasts **unobstructed panoramic views** of the shimmering lake and majestic mountains, offering an idyllic backdrop for guests seeking the finest in short-term rentals. Nestled in a welcoming and **short-term rental-friendly community**, this listing comes with **NO rental restrictions**, perfect for investors looking to capitalize on the lucrative vacation rental market. Imagine initiating a **1031 tax exchange** on a property that could generate a remarkable **10-20% cap return** on investment!This lakeside gem features:- **Infinity pool** ideal for soaking up the sun and enjoying breathtaking views.- A spacious lot that allows for outdoor enjoyment, whether it's lounging by the pool or creating a safe haven for kids to play.- An impressive interior with a **grand entrance** and a stunning **spiraling staircase** leading to 4 luxurious ensuite bedrooms, ensuring privacy and comfort for all guests. - A versatile loft space that can easily convert into a **5th bedroom**, adding even more value.This home comes **designer furnished** and is poised for immediate takeover, allowing you to begin generating passive income from day one! With smaller homes in the area achieving up to **$130,000** in annual gross rental income, this remarkable property has the potential to significantly outperform that benchmark.Located in the vibrant city of festivals, you'll be just minutes away from the iconic Coachella and Stagecoach festivals each April, as well as the renowned BNP tennis tournament, ensuring that your guests will always have something to celebrate!Don't miss this rare chance to enhance your real estate portfolio with this **investment marvel**. Contact us today to seize this opportunity for luxury living and exceptional returns in one of the most sought-after locations!
Home Details
Home Type
- Single Family
Year Built
- Built in 2022
Lot Details
- 4,356 Sq Ft Lot
- Lake Front
- North Facing Home
- Block Wall Fence
- Drip System Landscaping
HOA Fees
- $300 Monthly HOA Fees
Property Views
- Lake
- Panoramic
- Mountain
- Pool
Interior Spaces
- 2,697 Sq Ft Home
- 2-Story Property
- Furnished
- Family Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- 2 Car Attached Garage
- Driveway
- Automatic Gate
Pool
- In Ground Pool
- Outdoor Pool
Outdoor Features
- Water Access
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Sewer Assessments
Listing and Financial Details
- Assessor Parcel Number 696070064
- Special Tax Authority
Community Details
Overview
- Terra Lago Subdivision
Amenities
- Banquet Facilities
- Billiard Room
Recreation
- Boat Ramp
- Community Playground
- Fitness Center
Security
- 24 Hour Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2025
Closed on
Jul 25, 2025
Sold by
Yesayan Hakob
Bought by
Weiser Chad
Seller's Agent
David Colin
HomeSmart
Buyer's Agent
Christopher Pierson
Keller Williams Luxury Homes
List Price
$1,125,000
Sold Price
$1,060,000
Premium/Discount to List
-$65,000
-5.78%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,096
Avg. Annual Appreciation
-3.37%
Purchase Details
Closed on
Oct 31, 2023
Sold by
Stepanyants Armen
Bought by
Yesayan Hakob
Purchase Details
Closed on
Oct 17, 2023
Sold by
Stepanyants Susana
Bought by
Stepanyants Armen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,800
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 2023
Sold by
Lennar Homes Of California Inc
Bought by
Stepanyants Armen and Yesayan Hakob
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,800
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 23, 2021
Sold by
Veritas Lido Llc
Bought by
Lennar Homes Of California Inc
Purchase Details
Closed on
Jan 29, 2021
Sold by
Riley Mickie L and Riley Hansi
Bought by
Veritas Lido Llc
Purchase Details
Closed on
Jun 4, 2018
Sold by
Veritas Lido Llc
Bought by
Veritas Lido Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,065,000 | First American Title | |
| Quit Claim Deed | -- | Lawyers Title | |
| Deed | -- | Lennar Title | |
| Grant Deed | $809,500 | Lennar Title | |
| Grant Deed | $7,035,000 | Fntg Builder Services | |
| Grant Deed | -- | Fntg Builder Services | |
| Grant Deed | -- | Fntg Builder Services | |
| Quit Claim Deed | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $606,800 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Sold | $1,060,000 | -1.4% | $393 / Sq Ft |
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | Price Changed | $1,075,000 | -4.4% | $399 / Sq Ft |
| 04/02/2025 04/02/25 | For Sale | $1,125,000 | -- | $417 / Sq Ft |
Source: California Desert Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,078 | $825,307 | $254,997 | $570,310 |
| 2023 | $14,078 | $109,137 | $109,137 | -- |
| 2022 | $1,331 | $106,998 | $106,998 | $0 |
| 2021 | $664 | $52,558 | $52,558 | $0 |
| 2020 | $652 | $52,020 | $52,020 | $0 |
| 2019 | $640 | $51,000 | $51,000 | $0 |
| 2018 | $627 | $50,000 | $50,000 | $0 |
| 2017 | $464 | $36,611 | $36,611 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Colin
-
Christopher Pierson
C
Buyer's Agent in 2025
Christopher Pierson
Keller Williams Luxury Homes
(760) 880-1361
11 in this area
76 Total Sales
Map
Source: California Desert Association of REALTORS®
MLS Number: 219127687
APN: 696-070-064
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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