Welcome to this extraordinary lakefront home in the highly sought-after 20-acre, 24/7 guard gated community of Terra Lago in City of Festivals, Indio. Featuring 4 beds, 2 baths, and 1,926 SF, this detached single family home has the largest lake frontage in the community, the best views of the canals, & breathtaking sunsets. This unbeatable and desirable lakefront location property is perfect for all buyers including secondary owners and especially for STR investors who want to rent or enjoy their home. This home is great for passive income as it generates over six-figures of annual rental income - a result of being in one of the very few friendly STR HOAs in the greater Palm Springs area. HOA permits unlimited short-term rentals. With year-round events including art festivals, world renowned Coachella & Stagecoach music festivals, & 5-star golf courses including the Golf Club at Terra Lago, this home benefits from the continual flow of tourism that drives short-term vacation rentals year-round. Inside the home, you’ll find open-concept living with floor to ceiling stone fireplace & 75” LED TV. Modern gourmet kitchen has quartz countertops and quartz waterfall feature. Backyard amenities include salt water pool, 14-person spa, putting green, 2 natural gas fire features, outdoor dining, BBQ, & outdoor shower. Home is allowed to have a boat & dock for the ultimate lakefront experience. Master bedroom has views of the lake and canals, and custom ensuite bath with lighted floating vanity, dual sinks, walk-in shower, & dual rain shower heads. 2 additional bedrooms & hall bath are on the opposite side of the home for privacy. 4th bedroom turned into a game room. Attached 2-car garage with a Level 2 EV charger. Home is a well-established, permitted STR since 2021 with raving 5-star ratings. Unique to this home is that this established STR Listing is transferable to next owner along with 5-star reviews & Superhost status for immediate revenue. Perfect home for 1031 Exchange. HOA amenities include clubhouse, fitness center, park, & Olympic sized community pool/spa. HOA fee includes high speed internet, cable TV, & trash. Lake can be used for boating, kayaking, & fishing. Close to casino night life, Polo Grounds, & La Quinta. Minutes away from Tennis Gardens as well as shopping & dining in La Quinta. 20 minutes away from downtown Palm Springs.
Sold for $1,185,000
Zillow last checked:
Listing updated:
Bought with:
Chris Walker, DRE #01425531
Coldwell Banker Realty
Source: CRMLS,MLS#: OC23220316
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 2/23/2024 | Sold | $1,185,000-2.1%$615/sqft |
Source:  CRMLS #OC23220316 Report a problem | ||
| 1/26/2024 | Pending sale | $1,210,000$628/sqft |
Source: CRMLS #OC23220316 Report a problem | ||
| 12/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/4/2023 | Listed for sale | $1,210,000+10%$628/sqft |
Source: CRMLS #OC23220316 Report a problem | ||
| 11/12/2023 | Listed for rent | $6,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/15/2021 | Sold | $1,100,000$571/sqft |
Source:  CDAR/ Desert Area MLS #219062665 Report a problem | ||
| 6/8/2021 | Pending sale | $1,100,000$571/sqft |
Source: CDAR/ Desert Area MLS #219062665 Report a problem | ||
| 6/3/2021 | Listed for sale | $1,100,000$571/sqft |
Source: CDAR/ Desert Area MLS #219062665 Report a problem | ||
| 5/30/2021 | Pending sale | $1,100,000$571/sqft |
Source: CDAR/ Desert Area MLS #219062665 Report a problem | ||
| 5/27/2021 | Listed for sale | $1,100,000$571/sqft |
Source: CDAR/ Desert Area MLS #219062665 Report a problem | ||
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