$970,000
$975,000
0.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
2,157 SqFt
SOLD DATE : 08/31/2023
Key Details
Sold Price $970,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,157 sqft
Price per Sqft $449
Subdivision Terra Lago
MLS Listing ID 219096658
Sold Date 08/31/23
Bedrooms 3
Full Baths 2
HOA Fees $285/mo
HOA Y/N Yes
Year Built 2006
Lot Size 4,356 Sqft
Property Description
Welcome to the ''Celebration Home on the Lake'', located in the highly coveted community of Terra Lago in the City of Festivals, Indio. This one-of-a-kind property is truly a stunning sight to behold, with its breathtaking lakefront location and unparalleled amenities.
As one of the only homes in the area with one of the largest backyards on the lake, this property is an entertainer's paradise. You'll enjoy languid afternoons lounging in the custom-built jacuzzi and huge pool with commercial grade misters, while marveling at the panoramic view of the lake and mountains from the comfort of your covered patio.
The custom-built BBQ and custom built bar and lakeside firepit make for unforgettable nights of grilling, conversation, and memorable moments. And if you're in the mood for some entertainment, the huge outdoor TV next to the pool provides the perfect backdrop for your favorite movies and shows.
This home is perfect for savvy investors looking to generate passive income for years to come with great returns. It's also an ideal substitute for a 1031 tax exchange. The community allows unlimited short-term rental bookings, making it an excellent opportunity for those looking to maximize their ROI. The unit next door is also for sale and can be bought together so you can own a a rare compound with 7 bedroom's and 4 and a half baths, two pools combined for an incredible income producing investment. Inside, you'll find a welcoming, colorful space perfect for celebrating life's special moments. The home has one of a kind furnishings and decor, attracting clientele looking to celebrate life's successes, special occasions, or just looking to enjoy life. The converted garage houses an arcade, ideal for keeping your guests entertained.
Upstairs, the master bedroom is a retreat in itself, complete with a private balcony and panoramic views of the lake. This home is truly a celebration of life, love, and all the good things that come with it.
Don't miss your chance to own this incredible lakeside home in the sought-after Terra Lago community which will be a successful and phenomenal short rental investment for years to come. Schedule your viewing today!
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
Exterior Feature Balcony
Parking Features true
Garage Spaces 2.0
Fence Block
Pool Private, Salt Water, In Ground
Waterfront Description Lake
View Y/N true
View Mountain(s), Water
Private Pool Yes
Building
Story 2
Entry Level Two
Sewer In, Connected and Paid
Level or Stories Two
Others
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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