1926 sqft | 4 beds | 3 baths | 0.16 acres | #219126729DA
Description
**Stunning Serene Lake Home - Unbeatable Value in Terra Lago!****Price:** $160,000 BELOW its nearest competitor!Welcome to your dream escape in the prestigious Terra Lago community! Nestled on the highly sought-after side of the lake, this enchanting 4-bedroom, 3-full-bath home boasts unparalleled comfort and stunning natural beauty, all at a price that's significantly lower than comparable properties on the market. With a generous lot size and detached structure, you'll enjoy the privacy and spaciousness that the other side of the lake simply can't offer.**Property Highlights:**- **4 Bedrooms & 3 Full Baths:** Perfect for family gatherings or entertaining friends, this home comes fully furnished, allowing you to move right in with ease.- **Impressive Outdoor Oasis:** Step outside to your private paradise featuring a large pool and spa, expansive covered patio, and breathtaking views of the lake, mountains, and the picturesque European-style bridge. Ideal for summer barbecues and sunset soirees!- **Investment Potential:** Comparable short-term rentals in the area have generated up to $140,000 in annual gross income, making this property not only a beautiful retreat but also a lucrative investment opportunity. This home is ready to start generating passive income immediately!- **Community Amenities:** Enjoy the added peace of mind from 24-hour guard-gated security, alongside access to a beautiful lake, lush green belts, parks, sidewalks, playgrounds, and a clubhouse featuring a fitness center - perfect for an active lifestyle.*Prime Location:** Located in the vibrant city of Indio, known as the 'City of Festivals,' you'll be just minutes away from legendary events like Coachella and Stagecoach. Additionally, exciting developments like futuristic wave parks are on the horizon, positioning this area for explosive growth in the coming years.This lake home presents a rare opportunity to secure a premier investment in a community rich with amenities and potential. Whether you're seeking a vacation retreat, a smart addition to your real estate portfolio, or a strategic 1031 tax exchange purchase, this property is a must-see! On average short-term rentals generate a much higher return on your investment than long-term rentals and you can also enjoy it yourself or the family!*Don't miss your chance - properties like this at such an attractive price piqued for high returns are hard to come by! Contact us today for your private showing!
Property Details
- Property SubtypeSingleFamilyResidence
- ViewCanal, Lake, Mountains
- Lot DescriptionSprinklerSystem
- Utility FeaturesCableAvailable
- MLS #219126729DA
- MLS #219126729DA
- SubdivisionTerra Lago
- CountyRiverside
- Property TypePurchase
- Original List Price$998,900
- Cost998900
- Acres0.16
- Square Feet1926
- Year Built2010
- Hoa Fees300
- Bedrooms4
- Bathrooms3
- Full Baths3
- Stories1
- Parking Spaces2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Colin (#CDAR-D71885)
Listing Office: HomeSmart (#CDAR-oD22725)
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