84290 Tramonto WAY Active Save Request In-Person Tour Request Virtual Tour
Indio,CA 92203
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,926 sqft
Price per Sqft $518
Subdivision Terra Lago
MLS Listing ID 219126729
Bedrooms 4
Full Baths 3
HOA Fees $300/mo
HOA Y/N Yes
Year Built 2010
Lot Size 6,970 Sqft
Property Sub-Type Single Family Residence
Property 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!
Location
State CA
County Riverside
Area 309 - Indio North Of I-10
Interior
Heating Central,Natural Gas
Cooling Air Conditioning
Furnishings Furnished
Fireplace false
Exterior
Parking Features true
Garage Spaces 2.0
Fence Block
Pool Private,Pebble,In Ground
Utilities Available Cable Available
Waterfront Description Lake
View Y/N true
View Canal,Lake,Mountain(s)
Private Pool Yes
Building
Story 1
Entry Level One
Sewer Connected on Bond
Level or Stories One
Others
HOA Fee Include Cable TV,Clubhouse,Security
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard