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Joe Cloninger

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$ 999,900

Est. payment | -/mo

3 Beds

3 Baths

2,157 SqFt

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$ 999,900

Est. payment | -/mo

Save

3 Beds

3 Baths

2,157 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,157 sqft

Price per Sqft $463

Subdivision Terra Lago

MLS Listing ID 219153793DA

Bedrooms 3

Full Baths 2

Construction Status Additions/Alter

HOA Fees $285/mo

Year Built 2006

Lot Size 4,356 Sqft

Property Sub-Type Single Family Residence

Property Description

A rare opportunity to acquire a proven, high-performing lakefront short-term rental in Terra Lago--positioned for the investor who understands that the best STR acquisitions combine documented revenue, differentiated amenities, a strong depreciation basis, and the ability to perform from day one.This fully established 3-bedroom, 3-bath, 2,157-square-foot lakefront retreat generated $131,000 in verified gross rental revenue in 2025 and is currently on pace to exceed that performance in 2026. Unlike a speculative STR purchase where the buyer must renovate, furnish, build reviews and establish a rental history, this property already has the amenities and proven performance guests are looking for.The outdoor space is the centerpiece: a private saltwater pool and spa, expansive lake and mountain views, commercial-grade misters, lakeside fire pit, built-in BBQ, covered outdoor TV lounge and multiple entertaining areas create a true resort-style guest experience. Inside, the property features an open entertaining layout, custom bar, upgraded finishes, custom TV wall and a private primary-suite balcony overlooking the water. An arcade/game-room component further enhances the property's appeal to vacation-rental guests. The home accommodates up to 10 guests and has been thoughtfully positioned to compete in Indio's event-driven STR market. For investors focused on tax efficiency, the numbers become even more compelling. Public tax records currently allocate approximately $302,757 to land and $706,429 to improvements, meaning roughly 70% of the current assessed value is attributed to improvements rather than non-depreciable land. A buyer should have their CPA and cost-segregation specialist establish the appropriate allocation at acquisition, but the property's substantial building and amenity basis--including the pool, spa, outdoor improvements, furnishings and qualifying components--could make it an attractive candidate for a cost-segregation study and accelerated depreciat

Location

State CA

County Riverside

Area Indio North Of East Valley

Interior

Heating Central

Cooling Air Conditioning

Flooring Vinyl

Fireplaces Number 1

Fireplaces Type GasFamily Room

Equipment Dishwasher, Dryer, Ice Maker, Microwave, Refrigerator, Washer

Exterior

Parking Features Attached, Direct Entrance, Door Opener, Garage Is Attached

Garage Spaces 4.0

Fence Block

Pool In Ground, Private, Salt/Saline

Community Features Community Boat Ramp, Community Dock

Amenities Available Banquet, Barbecue, Billiard Room, Clubhouse, Fitness Center, Greenbelt/Park, Guest Parking, Lake or Pond, Playground

Waterfront Description Lake

View Y/N Yes

View Mountains, Water

Building

Story 2

Sewer In Connected and Paid

Level or Stories Two

Construction Status Additions/Alter

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by HomeSmart

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43240 Bacino CT Indio, CA 92203