$800,000
$799,900
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3 Beds
3 Baths
2,726 SqFt
SOLD DATE : 10/30/2020
Key Details
Sold Price $800,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,726 sqft
Price per Sqft $293
Subdivision Terra Lago
MLS Listing ID 219051149DA
Sold Date 10/30/20
Bedrooms 3
Full Baths 3
Condo Fees $259
HOA Fees $259/mo
HOA Y/N Yes
Year Built 2006
Lot Size 8,276 Sqft
Property Description
Calling all serious businessman/investors only! The creme of the crop in the short term vacation rental industry has just hit the market and is incomparable to any home on the market on the lake anywhere in the Coachella Valley! This property is generating $10k a month in rental income with the potential to earn $150k yearly. This property is renting for $493 a night and has a 5 * rating with 11 reviews on AIRBNB in its short exsistence. Your return on your investment cannot and will not be matched by any other vacation rental on the market; guaranteed! This is a business opportunity that a savvy investor cannot pass up! This spectacular detached home is surrounded by water on 70% of its boundaries. The backyard is unrivaled with a large designer INFINITI pool & spa overlooking panoramic views of the lake and mountains! There's also an outdoor kitchen, fire-pit on the edge of the lake, covered outdoor patio with room to spare for outdoor activities. Once you enter the interior you'll be surrounded with windows that all have water views; It creates an illusion that you're floating on water. There's a large step down bar, full bathroom and a flex room that can be converted into a 4th bedroom all downstairs. The upstairs has 3 bedrooms, 2 baths one of them which is an impressive master bedroom that has a private balcony and a retreat living area! If you're looking to get into the short term rental market you've found your gold mine! Contact me directly before it's too late.
Location
State CA
County Riverside
Area 309 - Indio North Of East Valley
Interior
Heating Central
Flooring Carpet, Tile
Fireplaces Type Gas, Great Room
Fireplace Yes
Exterior
Exterior Feature Barbecue, Dock
Garage Direct Access, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool In Ground
Community Features Gated
Amenities Available Billiard Room, Clubhouse, Fitness Center, Lake or Pond, Barbecue, Picnic Area, Cable TV
View Y/N Yes
View Lake, Mountain(s)
Parking Type Direct Access, Garage
Attached Garage Yes
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Drip Irrigation/Bubblers
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 696070048
Security Features Gated Community,24 Hour Security
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Gina Fernandez • Gina Fernandez, Broker
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