43265 Passagio Lago Way, Indio, CA 92203
- $722,500
- 5
- BD
- 3
- BA
- 2,416
- SqFt
- Sold Price
- $722,500
- List Price
- $739,900
- Closing Date
- Nov 08, 2024
- Status
- CLOSED
- MLS#
- 219113088
- Year Built
- 2021
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,416
- Lot Size
- 3,920
- Days on Market
- 144
- Property Type
- Single Family Residential
- Stories
- 2
- Neighborhood
- Terra Lago
Property Description
Sellers loss is your gain!! Major price reduction!!! Experience the best of both worlds with this brand new, fully furnished home located just across the street from the serene lake with breathtaking mountain and lake views. This stunning home is perfect for those seeking short-term rental investment opportunities, as it is located within the highly sought-after Terra Lago community that allows unlimited short-term rental bookings. Designed with the utmost attention to detail, this home features custom blinds throughout, designer furnishings, electronics, and a game room that can also be converted into an additional bedroom. The exquisite kitchen boasts quartz countertops, a custom backsplash and overlooks the stunning family room, making it perfect for entertaining. Step outside to the brand new modern pool and spa with a dual spillway, custom firepit, custom BBQ area and porch area, and enjoy the picturesque views that surround you. In the master bedroom, you'll find an elegant balcony with spectacular western mountain views. Did I mention that this property comes with solar paid for for the next 20 years!! You'll have hundreds a month on your electricity bills! Located in Indio, the city of festivals, this home is sure to provide a luxurious and comfortable lifestyle. If you're looking for a lucrative investment opportunity, this property can easily generate an instant cash flow with a very attractive cap rate for those in search of a 1031 tax exchange.
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Additional Information
- Land Lease Type
- Fee
- HOA Fee
- Yes
- HOA
- 300
- Association Amenities
- Dry Dock, Fitness Center, Lake or Pond, Picnic Area, Playground
- Appliances
- Dryer, Dishwasher, Refrigerator, Washer
- Pool
- Yes
- Pool Description
- Private, In Ground
- Spa
- Yes
- Heat
- Natural Gas, Central
- Cooling
- Air Conditioning
- View
- Lake, Mountain(s)
- Parking
- Driveway
- Garage Spaces Total
- 2
- Sewer
- In, Connected and Paid
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Listing courtesy of HomeSmart. Selling Office: .