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HomeSmart Realty Group

admin@realtygrouphs.com +1(949) 878-8721

$ 999,900

Est. payment | -/mo

3 Beds

3 Baths

2,157 SqFt

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$ 999,900

Est. payment | -/mo

Save

3 Beds

3 Baths

2,157 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,157 sqft

Price per Sqft $463

Subdivision Terra Lago

MLS Listing ID 219153793DA

Bedrooms 3

Full Baths 2

Construction Status Additions/Alterations

HOA Fees $285/mo

HOA Y/N Yes

Year Built 2006

Lot Size 4,356 Sqft

Property Sub-Type Single Family Residence

Property Description

A rare opportunity to acquire a proven, high-performing lakefront short-term rental in Terra Lago--positioned for the investor who understands that the best STR acquisitions combine documented revenue, differentiated amenities, a strong depreciation basis, and the ability to perform from day one.This fully established 3-bedroom, 3-bath, 2,157-square-foot lakefront retreat generated $131,000 in verified gross rental revenue in 2025 and is currently on pace to exceed that performance in 2026. Unlike a speculative STR purchase where the buyer must renovate, furnish, build reviews and establish a rental history, this property already has the amenities and proven performance guests are looking for.The outdoor space is the centerpiece: a private saltwater pool and spa, expansive lake and mountain views, commercial-grade misters, lakeside fire pit, built-in BBQ, covered outdoor TV lounge and multiple entertaining areas create a true resort-style guest experience. Inside, the property features an open entertaining layout, custom bar, upgraded finishes, custom TV wall and a private primary-suite balcony overlooking the water. An arcade/game-room component further enhances the property's appeal to vacation-rental guests. The home accommodates up to 10 guests and has been thoughtfully positioned to compete in Indio's event-driven STR market. For investors focused on tax efficiency, the numbers become even more compelling. Public tax records currently allocate approximately $302,757 to land and $706,429 to improvements, meaning roughly 70% of the current assessed value is attributed to improvements rather than non-depreciable land. A buyer should have their CPA and cost-segregation specialist establish the appropriate allocation at acquisition, but the property's substantial building and amenity basis--including the pool, spa, outdoor improvements, furnishings and qualifying components--could make it an attractive candidate for a cost-segregation study and accelerated depreciation, subject to the buyer's individual tax situation.CompassFor a 1031 exchange buyer, this is an opportunity to move equity into an established income-producing vacation rental rather than starting from scratch. For the hybrid buyer, it offers something equally compelling: a lakefront desert residence that can be personally enjoyed while producing meaningful rental income when not in use. And for an investor looking to enter the STR market, the property provides a documented

Location

State CA

County Riverside

Area 309 - Indio North Of East Valley

Interior

Heating Central

Flooring Vinyl

Fireplaces Type Family Room, Gas

Fireplace Yes

Appliance Dishwasher, Ice Maker, Microwave, Refrigerator

Exterior

Parking Features Direct Access, Garage, Garage Door Opener

Garage Spaces 2.0

Garage Description 2.0

Fence Block

Pool In Ground, Salt Water

Community Features Gated

Amenities Available Billiard Room, Clubhouse, Fitness Center, Lake or Pond, Meeting/Banquet/Party Room, Barbecue, Playground

View Y/N Yes

View Mountain(s), Water

Total Parking Spaces 4

Private Pool Yes

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Additions/Alterations

Others

Senior Community No

Tax ID 696070056

Security Features Gated Community,24 Hour Security

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by David Colin HomeSmart #01710306

Nearby Locations

+1(949) 878-8721

admin@realtygrouphs.com

3750 Schaufele Ave Suite 270, Beach, California 90808, United States

43240 Bacino CT Indio, CA 92203

HomeSmart Realty Group

Key Details

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43240 Bacino CT