
Indio, California 92203
This Modern Lakefront Turnkey Residence is listed at $929,999, representing a stable acquisition at its $929,999 Fair Market Value. Built in 2022, the property holds an Excellent Condition Rating and features premium upgrades including a Designer Kitchen, Private Pool and Spa, and panoramic Lakefront Views from the owner's suite. Located in the guard-gated Terra Lago community near Shadow Hills High School, it offers proximity to Coachella festival grounds and proven Short-Term Rental Potential. This asset is perfectly suited for Lifestyle-Focused Investors or Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 43092 Armonia Court Subject | $929,999* List Price | 4 | 4 | 2,416 | $385 | - |
A 43295 Passagio Lago Way Sold | $800,000 | 4 | 3 | 2,416 | $331 | 0.2 mi |
B 43220 Portuale Court Sold | $1,050,000 | 4 | 3 | 2,416 | $435 | 0.1 mi |
C 43173 Bacino Court Sold | $1,015,000 | 3 | 3 | 2,274 | $446 | 0.1 mi |
D 42417 Lamporo Way Sold | $690,000 | 3 | 3 | 2,554 | $270 | 0.6 mi |
E 43199 Portuale Court Active | $1,150,000 List Price | 4 | 5 | 2,697 | $426 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built brand new in 2022, making it only two years old. The description explicitly states it's a 'modern lakefront home' with a 'stylish kitchen.' The images confirm a pristine condition throughout, featuring a contemporary kitchen with white shaker cabinets, light countertops, stainless steel appliances, and modern pendant lighting. The flooring is a mix of new tile and clean carpet. All fixtures, systems, and finishes are virtually new, meeting current quality standards with no signs of wear or deferred maintenance. The overall aesthetic is fresh and move-in ready, aligning perfectly with the 'excellent' criteria.
The property boasts a prime lakefront position within the community, offering desirable views directly from the home, including a private covered balcony off the owner's suite.
Marketed as a vacation and investment property, it is already professionally managed for short-term rentals, providing an easy, ready-to-go income stream.
Built brand new in 2022 by Lennar, the home features a modern aesthetic with a bright, open-concept floorplan, stylish kitchen, and spacious living areas.
The property incurs a significant monthly association fee of $325, which adds to the ongoing cost of ownership.
With a lot size of 3,484 sqft, the property offers relatively limited private outdoor space compared to many single-family residences, potentially restricting yard amenities.
While excellent for investment/vacation, its strong emphasis on short-term rentals and resort community living might make it less appealing to buyers seeking a traditional, quiet primary residence.
LAKEFRONT VACATION + INVESTMENT OPPORTUNITY! First showings at open house on October 4th, see showing instructions for more information. Welcome to your dream getaway at Terra Lago, one of Indio’s most sought-after gated communities! Built brand new in 2022 by Lennar, this modern lakefront home is the perfect blend of luxury, relaxation, and income potential. Step inside to a bright, open-concept floorplan with a spacious living room, stylish kitchen, and dining area designed for entertaining. The first level also features a convenient guest bedroom, while upstairs you’ll find a versatile loft, three more bedrooms, and a luxe owner’s suite with a private covered balcony overlooking the lake. Whether you’re looking for a personal vacation escape or a high-demand rental, this property delivers. The home is already professionally managed for short-term rentals, making it an easy turnkey investment. Located just minutes from Coachella Festival grounds, Palm Springs, and Joshua Tree, this is the ultimate desert retreat for you and your guests. Terra Lago offers resort-style amenities, a guard-gated entrance, golf nearby, and a one-of-a-kind lakefront lifestyle you won’t find anywhere else. Make this your vacation home AND income property—there’s nothing else like it in Terra Lago!
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 5.3 mi
Grades 9-12 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 2,416 | 2,112 | 70% |
| Lot Size | 3,484 | 7,841 | 0% |
| Price | $930.0K | $547.5K | 92% |
| Price per sq ft | $385 | $277 | 93% |
| Built year | 2022 | 2006 | 93% |
| HOA | $325.0 | $300 | 55% |
| Days on market | 209 | 182 | 65% |
Sep 26, 2025
$929,999
Initial Listing