Seller's Agent in 2025
Preston King
Coldwell Banker Realty
(503) 840-9157
3 in this area
19 Total Sales
78205 Cortez Ln Unit 177 Indian Wells, CA 92210
2
Beds
2.5
Baths
1,152
Sq Ft
$527/mo
HOA Fee
Highlights
- Heated In Ground Pool
- Gated Community
- Hydromassage or Jetted Bathtub
- Gerald R. Ford Elementary School Rated A-
- Mountain View
- Tile Countertops
About This Home
As of October 2025Welcome to MOUNTAIN COVE in INDIAN WELLS--where luxury, tranquility, and investment potential converge. Nestled directly against the breathtaking SANTA ROSA MOUNTAINS, this ground-floor TWO-BEDROOM, THREE-BATHROOM condo offers a truly immersive desert retreat. One of the rare units on FEE-SIMPLE LAND, it is NOT SUBJECT TO LAND LEASE PAYMENTS--enhancing long-term value and peace of mind for both vacation homeowners and savvy investors. Step into a bright and inviting interior featuring BEAUTIFUL TILE FLOORING throughout and an EXPANSIVE WRAP-AROUND PATIO designed for indoor-outdoor living at its finest. Upgrades include NEW MILGARD SLIDERS AND PICTURE WINDOWS that frame majestic views, a luxurious SAFE STEP JETTED WALK-IN TUB, and a MODERN STAINLESS STEEL SAMSUNG REFRIGERATOR. Whether you're looking for a serene getaway or a property with STRONG RENTAL INCOME POTENTIAL, this condo checks all the boxes. MOUNTAIN COVE permits SHORT-TERM RENTALS with a SEVEN-DAY MINIMUM, making it an ideal option for generating passive income when not in personal use. With THREE COMMUNITY POOLS, every day here feels like a vacation. As a resident of INDIAN WELLS, you'll also enjoy EXCLUSIVE BENEFITS, including DISCOUNTED GOLF at the INDIAN WELLS GOLF RESORT for only $35 PER ROUND WITH A GOLF CART from MAY -DECEMBER, and $50 PER ROUND from JANUARY-APRIL, complimentary access to the HYATT REGENCY GYM, RESTAURANT and HOTEL DISCOUNTS, and TICKETS TO THE INDIAN WELLS TENNIS GARDENS!Perfectly situated just minutes from world-class dining, shopping, and entertainment along EL PASEO, this is a rare opportunity to own in one of the DESERT'S MOST SOUGHT-AFTER COMMUNITIES. Whether for personal enjoyment or investment, this home offers the best of DESERT LIVING in a truly spectacular location.
Last Agent to Sell the Property
Coldwell Banker Realty License #02210006 Listed on: 03/17/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,010
Year Built
- Built in 1972
HOA Fees
- $527 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Stucco Exterior
Interior Spaces
- 1,152 Sq Ft Home
- Blinds
- Sliding Doors
- Living Room
- Tile Flooring
- Mountain Views
Kitchen
- Electric Oven
- Electric Range
- Recirculated Exhaust Fan
- Dishwasher
- Tile Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Tile Bathroom Countertop
- Hydromassage or Jetted Bathtub
- Shower Only
- Shower Only in Secondary Bathroom
Laundry
- Laundry Located Outside
- Dryer
- Washer
Parking
- Guest Parking
- Unassigned Parking
Pool
- Heated In Ground Pool
- Fence Around Pool
Schools
- Gerald Ford Elementary School
- La Quinta Middle School
- Palm Desert High School
Additional Features
- Ground Level
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 643060075
Community Details
Overview
- Association fees include building & grounds, water, trash, security
- Mountain Cove Subdivision
- On-Site Maintenance
- Planned Unit Development
Amenities
- Community Mailbox
Recreation
- Community Pool
Security
- Security Service
- Card or Code Access
- Gated Community
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2025
Closed on
Sep 3, 2025
Sold by
Robert Forrest Trust and Robertson Hugh
Bought by
Apostolov Cristian Vasilev
Seller's Agent
Preston King
Coldwell Banker Realty
Buyer's Agent
Preston King
Coldwell Banker Realty
List Price
$449,000
Sold Price
$370,000
Premium/Discount to List
-$79,000
-17.59%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.08%
Original Mortgage
$363,298
Interest Rate
6.5%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 16, 2023
Sold by
Forrest Robert
Bought by
Robert Forrest Trust and Robertson
Purchase Details
Closed on
Mar 4, 2004
Sold by
Indian Wells Holding Llc
Bought by
Forrest Robert
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 | $370,000 | Equity Title Company | |
| Grant Deed | -- | First American Title | |
| Grant Deed | $56,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $363,298 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2025 11/08/25 | For Rent | $1,250 | 0.0% | -- |
| 10/21/2025 10/21/25 | Sold | $370,000 | -2.4% | $321 / Sq Ft |
| 09/14/2025 09/14/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | Price Changed | $379,000 | -7.3% | $329 / Sq Ft |
| 05/01/2025 05/01/25 | Price Changed | $409,000 | -4.7% | $355 / Sq Ft |
| 04/16/2025 04/16/25 | Price Changed | $429,000 | -4.5% | $372 / Sq Ft |
| 03/17/2025 03/17/25 | For Sale | $449,000 | -- | $390 / Sq Ft |
Source: Greater Palm Springs Multiple Listing Service
Tax History Compared to Growth
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 | $2,010 | $132,582 | $35,345 | $97,237 |
| 2023 | $2,010 | $127,435 | $33,973 | $93,462 |
| 2022 | $1,892 | $124,937 | $33,307 | $91,630 |
| 2021 | $1,840 | $122,488 | $32,654 | $89,834 |
| 2020 | $1,811 | $121,233 | $32,320 | $88,913 |
| 2019 | $1,783 | $118,857 | $31,687 | $87,170 |
| 2018 | $1,755 | $116,527 | $31,066 | $85,461 |
| 2017 | $1,725 | $114,243 | $30,457 | $83,786 |
| 2016 | $1,691 | $112,004 | $29,860 | $82,144 |
| 2015 | $1,695 | $110,323 | $29,412 | $80,911 |
| 2014 | $1,671 | $108,164 | $28,837 | $79,327 |
Source: Public Records
Agents Affiliated with this Home
-
Preston King
-
James Bianco
Seller Co-Listing Agent in 2025
James Bianco
Coldwell Banker Realty
(760) 808-0650
5 in this area
225 Total Sales
Map
Source: Greater Palm Springs Multiple Listing Service
MLS Number: 219126644
APN: 643-060-075
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.
Nearby Homes
- 78200 Cortez Ln Unit 149
- 78255 Cabrillo Ln Unit 117
- 46750 Mountain Cove Dr Unit 21
- 46855 Mountain Cove Dr Unit 84
- 46631 Arapahoe Unit B
- 46638 Arapahoe Unit B
- 77720 Cove Point Dr
- 46552 Arapahoe
- 46560 Arapahoe Unit A
- 78310 Crestview Terrace
- 46614 Bradshaw Trail
- 77804 Cherokee Rd
- 77790 Cherokee Rd
- 46330 Dove Rd
- 48524 Via Encanto
- 77638 Via Venito
- 48509 Via Encanto
- 48511 Via Encanto
- 48131 Vista Cielo
- 48113 Vista Cielo