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46700 Mountain Cove Drive 9, Indian Wells, California 92210, Indian Wells, 92210 - 2 bed, 3 bath

46700 Mountain Cove Drive 9, Indian Wells, California 92210 home-pic-0
ACTIVE$469,000$1,152/sqft
46700 Mountain Cove Drive 9, Indian Wells, California 92210
2Beds
3Baths
1,152Sqft
1,742Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Rental Income Potential: 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.
Top Cons:
MLS Listing Discrepancy: 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.

Compared to the nearby listings

Price:$469.0K vs avg $665.0K ($-196,000)32%
Size:1,152 sqft vs avg 1,927 sqft29%
Price/sqft:$407 vs avg $38964%

More Insights

Built in 1972 (54 years old).
Condition: 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 Similarly, the bathrooms are functional and clean, but the vanities, countertops, and tile work show signs of being outdated rather than recently updated.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.
Year Built
1972
Close
-
List price
$469K
Original List price
$469K
Price/Sqft
$407
HOA
$486
Days on market
-
Sold On
-
MLS number
219141032DA
Home ConditionFair
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

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!

J
Jason Setterlund
Listing Agent

Nearby schools

8/10
Gerald R. Ford Elementary School
Public,•K-5•1.3mi
7/10
Palm Desert High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
05/17/23
Sold
$505,000
07/15/22
Sold
$480,000
03/21/13
Sold
$152,000
02/25/03
Sold
$56,000
Condition Rating
Fair
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.
Pros & Cons

Pros

Exceptional Rental Income Potential: 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.
Prime Gated Indian Wells Location: 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).
Fee Land Ownership: 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.
Bright Indoor-Outdoor Living: Features floor-to-ceiling glass sliding windows and an oversized, wraparound porch, providing abundant natural light and seamless integration with outdoor living spaces adjacent to three maintained pools.
Lower Utility Costs: Benefits from IID Electric, which typically results in lower electricity bills, a significant advantage in the desert climate.

Cons

MLS Listing Discrepancy: 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.
Property Age: 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.
Compact Interior Square Footage: 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.
Monthly Association Fees: A monthly association fee of $486.0 adds a recurring cost to ownership, which buyers must factor into their budget, although it covers common area maintenance and amenities.
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