Estimated payment $7,421/month
Total Views
2,460
4
Beds
4
Baths
2,697
Sq Ft
$399
Price per Sq Ft
Highlights
- Lake Front
- Water Access
- In Ground Pool
- Boat Ramp
- Fitness Center
- Panoramic View
About This Home
Incredible 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
Est. Annual Taxes
- $14,078
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
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,395,617 | $254,997 | $1,140,620 |
| 2023 | $14,078 | $109,137 | $109,137 | $0 |
| 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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Lawyers 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 | $1,575,000 | Commercial |
Source: Public Records
Similar Homes in Indio, CA
Source: California Desert Association of REALTORS®
MLS Number: 219127687
APN: 696-070-064
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