Welcome to the coveted community of Terra Lago located in the City of Festivals, Indio CA! This is your chance to own a stunning 4-bedroom, 2-bath home in the only guard-gated lake community in the Coachella Valley that allows short-term rentals with no restrictions. Step inside and be wowed by this home's newer interior and exterior paint, appealing newer flooring, custom shower, and upgraded pool with spa and firepit. The floorplan optimizes space, providing a feeling of spaciousness that belies the square footage. And with artificial turf throughout the backyard featuring coveted south mountain views, this home will take your breath away.As a bonus, this property is priced below market value, making it a steal in comparison to other similar properties in the area. This home is positioned for savvy investors who want to invest in the growing Coachella Valley and benefit from the area's continued development.In fact, this home offers unlimited potential passive income through short-term rentals and is an excellent 1031 tax exchange property. It represents the perfect opportunity for investors who want a home that they can generate income from, but also enjoy as a vacation retreat.Don't miss the chance to own this fantastic home in the prized Terra Lago community, with plenty of walking areas, parks, sidewalks, clubhouse, fitness centers, and playgrounds, amongst other amenities.
Property Type :
Residential
Subdivision :
Fallbrook
County :
Riverside
Style :
Residential
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ByOwner last updated this listing 05/15/2024 @ 02:22
MLS: 219107594DA
LISTED BY: David Colin, HomeSmart
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
