46700 Mountain Cove Drive 9, Indian Wells, California 92210, Indian Wells, 92210 - 2 bed, 3 bath
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Indian Wells, California 92210
Owner-Occupants`
* *Final check on the word count for FULL_VERSION:*
"This **Flexible Resort Condominium** is a high-utility **revenue-generating asset** in a gated Indian Wells location. Listed at **$450,000**, the price aligns with the **$417,869 Fair Market Value** when considering rare **7-day Short-Term Rental** rights and **FEE land ownership**. Currently in **Fair Condition Rating**, the home features a **triple lock-off configuration**, **Mountain Views**, and lower utility costs via **IID Electric**. Near **Gerald R. Ford Elementary** and **Palm Desert High**, this property is ideal for <span class="text-blue-600 font-bold">Buy-and-Hold Investors</span> or <span class="text-purple-600 font-bold">Owner-Occupants</span> seeking a versatile desert sanctuary."
Count: 98 words.
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* *Wait, I need to make sure I used "Asset" or "ROI" for investors.* I used "revenue-generating asset".
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Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46700 Mountain Cove Drive 9 Subject | $450,000* List Price | 2 | 3 | 1,152 | $363 | - |
A 78205 Cortez Lane 177 Sold | $370,000 | 2 | 3 | 1,152 | $321 | 0.1 mi |
B 78255 Cabrillo Lane 117 Sold | $336,000 | 1 | 2 | 864 | $389 | 0.1 mi |
C 46750 Mountain Cove Drive 16 Active | $499,000 List Price | 2 | 2 | 1,152 | $433 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1972, is well-maintained and clean, making it move-in ready. However, the kitchen features older white appliances and a backsplash/cabinet style that appears to be from a renovation 15-30 years ago. Similarly, the bathrooms are functional and clean, but the vanities, countertops, and tile work show signs of being outdated rather than recently updated. The tile flooring throughout is also an older style. While functional, these elements would require minor updates for a contemporary aesthetic, aligning with the 'Fair' condition criteria.
The property offers unique flexibility with a 'lock-off' feature allowing for 3 different configurations, maximizing short-term rental income (7+ days allowed) or versatile personal use.
Situated in a prestigious, gated Indian Wells community, providing security, exclusivity, and convenient access to world-class events (Tennis Garden, Coachella) and upscale amenities (El Paseo).
The property is on 'FEE land,' meaning the buyer owns the land outright, avoiding the complexities and costs associated with land leases common in some desert areas.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1742, other record lot size in square feet = 1623.
Built in 1972, the property is over 50 years old, potentially indicating dated systems, infrastructure, or finishes that may require future updates or renovations to meet modern standards.
With 1152 sqft for a 2-bedroom, 3-bathroom unit, the interior living space is relatively modest, which might feel constrained despite the 'open floorplan' description, especially when accommodating up to 6 guests.
FEE land (you own it!) The development allows for short-term rentals of 7 days or longer! 2 large bedrooms, en suite plus a 3rd full bathroom that allows for 6 guests comfortably. Large, open floorplan with the opportunity to lock off one bedroom and bathroom into a separate, revenue-building suite with a separate entrance, its own temperature control and water heater. In fact, this unit will lock off 3 different ways allowing it to pay you, and have it available for private use! Full flexible, revenue building resort living for you, your guests or family in a beautiful Indian Wells gated location. South-side of Highway 111 with ample storage, clean lines, and on IID Electric (lower bills). Light floods through the large floor-to-ceiling glass sliding windows that spill into an oversized, wraparound porch accessed from the great room, and primary bedroom. True outdoor living adjacent to 3 exquisitely maintained pools and grounds, all with the exclusive address, benefits and amenities of Indian Wells. Walk to the Indian Wells Tennis Garden to take in world-class tournament play or grab the shuttle to the Coachella Music & Arts Festival. Small-town living with big-time amenities! Close to El Paseo shopping district, Old Town La Quinta, Seasonal Polo, Horse jumping at Desert International Horse Park, Thermal Club for racing, Modernism Week, Desert X art and more! Central valley convenience with gated, Indian Wells security!
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,152 | 2,016 | 21% |
| Lot Size | 1,742 | 3,049 | 35% |
| Price | $450.0K | $725.0K | 24% |
| Price per sq ft | $391 | $397 | 47% |
| Built year | 1972 | 1972 | 50% |
| HOA | $486.0 | $790 | 21% |
| Days on market | 104 | 142 | 38% |
Mar 16, 2026
$450,000
$469,000
-4% Price Drop
Initial Listing
Jan 8, 2026
$469,000
Initial Listing
May 17, 2023
$505,000
Public Record
Jul 15, 2022
$480,000
Public Record
Mar 21, 2013
$152,000
Public Record
Feb 25, 2003
$56,000
Public Record