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$699,800

Est. payment - /mo

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4 Beds

3 Baths

2,595 SqFt

Active Under Contract

43128 Sentiero DR Indio, CA 92203

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Chris Mardelli

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,595 sqft

Price per Sqft $269

Subdivision Terra Lago

MLS Listing ID 219130608DA

Bedrooms 4

Full Baths 3

Condo Fees $300

HOA Fees $300/mo

HOA Y/N Yes

Year Built 2005

Lot Size 8,276 Sqft

Property Sub-Type Single Family Residence

Property Description

Investor's Dream Opportunity: 4BR/3BA Pool Home in Terra Lago, Indio, CA!**Welcome to your next investment gem nestled in the highly sought-after lake community of Terra Lago, Indio, California! This spacious 4-bedroom, 3-bathroom pool home with a 3-car garage is not just a property; it's a prime opportunity for investors looking to maximize their returns, particularly those considering a 1031 tax exchange.**Key Features of This Property:**- **Short-Term Rental Friendly:** Enjoy unrestricted short-term rental potential in a community that thrives on tourist appeal. With Indio known as the 'City of Festivals,' the demand for vacation rentals remains robust throughout the year.- **Higher CAP Rate Potential:** Investors will appreciate the opportunity to realize a significantly higher CAP rate with this property's short-term rental capabilities, compared to traditional long-term leases. This is an ideal choice for those looking to enhance their cash flow.- **Fully Furnished and Move-In Ready:** This home comes fully furnished, ready for immediate rental or personal enjoyment. Stocked with modern amenities, it allows for a seamless transition into the rental market or your next vacation spot.- **Exceptional Value:** Priced per square foot among the best in the community, this home stands out, especially given its prime features, including a sparkling pool, stunning northwest mountain views, and the added privacy of no direct neighbors behind.- **Investment-Grade Amenities:** Recent updates include new Pentair pool equipment that can be controlled remotely, dual AC units for ultimate climate control, and freshly installed artificial turf for low-maintenance outdoor living. The pool has also been recently resurfaced -- a significant cost already taken care of for you!- **Outdoor Kitchen Ready:** Build the outdoor kitchen of your dreams with the newly installed plumbing, electrical, and gas connections in place, setting you up for high-end outdoor entertaining that guests will love.**Why Terra Lago?**Lake communities with no rental restrictions are a rare find in the Coachella Valley and provide an exceptional long-term strategy for savvy investors. With the area thriving on seasonal events, and a high interest in vacation rental opportunities, this property guarantees minimal liability and maximum profit potential.Don't miss out on this incredible opportunity!

Location

State CA

County Riverside

Area 309 - Indio North Of East Valley

Interior

Heating Central, Natural Gas

Flooring Carpet, Tile

Fireplaces Type Family Room, Gas

Fireplace Yes

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator

Exterior

Parking Features Direct Access, Garage

Garage Spaces 3.0

Garage Description 3.0

Pool Electric Heat, In Ground

Community Features Gated

Amenities Available Clubhouse, Fitness Center, Lake or Pond, Playground

View Y/N Yes

View Mountain(s)

Total Parking Spaces 6

Private Pool Yes

Building

Lot Description Sprinkler System

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 696100007

Security Features Gated Community,24 Hour Security

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by David Colin HomeSmart

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