$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 219051149
Sold Date 10/30/20
Bedrooms 3
Full Baths 3
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 I-10
Interior
Heating Central
Cooling Air Conditioning
Fireplaces Number 1
Fireplaces Type Gas
Furnishings Furnished
Fireplace true
Exterior
Parking Features true
Garage Spaces 2.0
Fence Block
Pool Infinity, Private, In Ground
Waterfront Description Lake
View Y/N true
View Lake, Mountain(s)
Private Pool Yes
Building
Lot Description Premium Lot
Story 2
Entry Level Two
Sewer Connected on Bond
Level or Stories Two
Others
HOA Fee Include Cable TV,Clubhouse
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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