$945,500
$999,999
5.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
3,347 SqFt
SOLD DATE : 08/06/2020
Key Details
Sold Price $945,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,347 sqft
Price per Sqft $282
Subdivision Terra Lago
MLS Listing ID 219046035DA
Sold Date 08/06/20
Bedrooms 4
Full Baths 4
Construction Status Additions/Alterations
HOA Fees $274/mo
HOA Y/N Yes
Year Built 2005
Lot Size 0.320 Acres
Acres 0.32
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 in the the $2 million price range and under due to its gorgeous condition, upgrades and the rental income it is producing . This gold mine of a vacation rental generated $182,000 in 2019; its first complete year of a short term rental. This year alone the property has already generated $170k in rental income with $62k more on the books and we're only half way through the year! This property is renting for $758 a night and has a 4.94 * rating with 68 reviews on AIRBNB. 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 home has close to $500k in upgrades inside and out which does not include the luxury furnishings. The backyard is unrivaled with a large designer pool & spa (50 foot lap area), outdoor chefs kitchen, color LED pool lighting, multi-level tanning decks and separate entertaining patio with built-in appliances & 3 fire pits.
Location
State CA
County Riverside
Area 309 - Indio North Of East Valley
Interior
Heating Floor Furnace
Flooring Bamboo, Tile
Fireplaces Type Family Room, Gas Starter
Fireplace Yes
Exterior
Garage Direct Access, Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Block
Pool In Ground, Lap, Private, Salt Water
Community Features Gated
Amenities Available Billiard Room, Clubhouse, Fitness Center, Maintenance Grounds, Lake or Pond, Picnic Area, Playground, Recreation Room, Cable TV
View Y/N Yes
View Mountain(s)
Parking Type Direct Access, Garage
Attached Garage Yes
Total Parking Spaces 5
Private Pool Yes
Building
Lot Description Sprinkler System
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Additions/Alterations
Others
Senior Community No
Tax ID 696200072
Security Features Gated Community,24 Hour Security
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with David Colin • HomeSmart
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner