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Key Details
Sold Price $840,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Terra Lago
MLS Listing ID P1-17245
Sold Date 07/10/24
Bedrooms 4
Full Baths 3
Condo Fees $300
Construction Status Turnkey
HOA Fees $300/mo
HOA Y/N Yes
Year Built 2005
Lot Size 10,018 Sqft
Property Description
Welcome to this extraordinary corner lot property nestled on a generous 10,018 square foot lot, featuring 4 bedrooms and 3 bathrooms Marquesa plan built by Lennar Homes within its spacious 2,803 square feet. Built in 2005, this delightful home is situated in the sought-after community of Terra Lago, where short-term rentals are permitted. Terra Lago is a 24/7 guard gated community with 22 acres lake that can be used for kayaking and fishing. A club house, fitness center, ping pong and pool table rooms and Olympic sized community pool/spa. This home is a great investment and can generate over $160k annual rental income. The HOA fee covers the cost of TV cable and internet, ensuring convenience and connectivity. Step inside and be greeted by numerous upgrades that enhance the overall appeal of this residence. Revel in the fresh ambiance provided by the new flooring, while the repainted kitchen cabinets exude a sense of modernity. The addition of new palm trees and a backyard fireplace pit create an inviting outdoor oasis, perfect for relaxation and social gatherings. The living room fireplace is adorned with stylish stone decor, adding a touch of sophistication to the space. Furthermore, this home boasts a brand-new water heater, outdoor shades, and garage flooring, along with an asphalt coating in the backyard for added convenience and durability. The pebble tech pool/spa with waterfall are ideal for entertaining guests and offer an opportunity to unwind in the privacy of your own backyard. It's important to mention that the pool equipment has been recently replaced, ensuring that it is in excellent working condition. This guarantees a worry-free experience for those seeking to enjoy the pool and spa amenities. Additionally, you'll only share one wall with a neighbor, ensuring peace and tranquility. In addition to its impressive features, it's worth noting that this property already has an established presence on Airbnb, boasting over 100 positive reviews from satisfied guests. For those interested, the option to include furnishings can be discussed, providing a hassle-free move-in experience. For serious inquiries, detailed financial information can be provided upon request, allowing prospective buyers to assess the investment potential of this property.
Location
State CA
County Riverside
Area 309 - Indio North Of East Valley
Rooms
Ensuite Laundry Inside
Interior
Interior Features Breakfast Bar, Eat-in Kitchen, Granite Counters, High Ceilings, Recessed Lighting, Primary Suite
Laundry Location Inside
Heating Central
Flooring Laminate
Fireplaces Type Living Room
Fireplace Yes
Appliance Double Oven, Dishwasher, Microwave, Refrigerator
Laundry Inside
Exterior
Garage Door-Multi, Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Block
Pool Community, In Ground, Private, Association
Community Features Biking, Fishing, Hiking, Park, Street Lights, Sidewalks, Pool
Amenities Available Call for Rules, Clubhouse, Management, Pool, Guard, Spa/Hot Tub, Cable TV
View Y/N No
View None
Roof Type Shingle
Parking Type Door-Multi, Garage
Attached Garage Yes
Total Parking Spaces 3
Private Pool Yes
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Schools
Elementary Schools Jackson
Others
HOA Name DEM-Palm Desert CA
Senior Community No
Tax ID 696200086
Security Features Fire Detection System,Gated with Attendant,24 Hour Security,Smoke Detector(s),Security Guard,Security Lights
Acceptable Financing Conventional, Fannie Mae, Freddie Mac
Listing Terms Conventional, Fannie Mae, Freddie Mac
Financing Conventional
Special Listing Condition Standard
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Bought with Aida Mesropyan • Coldwell Banker Hallmark
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605