78155 Cabrillo Lane 38, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
ACTIVE$360,000$576/sqft
78155 Cabrillo Lane 38, Indian Wells, California 92210
1Bed
1Bath
576Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment & Rental Opportunity: Permitted for short-term rentals (7-day min), offered fully furnished (turnkey), and explicitly marketed for its investment potential and lucrative rental income.
Top Cons:
Compact Living Space: With only 1 bedroom, 1 bathroom, and 576 square feet, the unit offers limited living space, which may not suit all buyer preferences or needs.
Compared to the nearby listings
Price:$360.0K vs avg $665.0K ($-305,000)18%
Size:576 sqft vs avg 1,927 sqft14%
Price/sqft:$625 vs avg $38993%
More Insights
Built in 1972 (54 years old).
Condition: Despite the 1972 build year, the property has been explicitly described as 'pristine' and 'fully renovated.' The images confirm a comprehensive, modern renovation throughout the unit, including a new kitchen with contemporary cabinets, white countertops, stainless steel appliances, and modern fixtures. The bathroom also features a new vanity, gold-toned fixtures, and a stylish tiled walk-in shower. All visible components, including flooring and lighting, appear new or virtually new, meeting current quality standards with no signs of deferred maintenance.
Year Built
1972
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$625
HOA
$264
Days on market
-
Sold On
-
MLS number
219141508DA
Home ConditionExcellent
Features
Good View: Mountain(s), Pool
Deck
ViewMountain(s), Pool
About this home
Pristine, fully renovated upper-level end-unit condo in the highly desirable Mountain Cove community. A rare condo that is on FEE land (you own). This property offers a compelling blend of luxury and investment potential, permitted for short-term rentals (7-day min). Offered fully furnished (TURNKEY) and ready for immediate use. Enjoy sweeping mountain views from the private balcony and ample natural light through expansive picture windows. Low HOA fees of $264/month include water. Utility benefits include IID electric company service for lower power costs. Premium resident amenities: discounted golf at IW courses, Hyatt Regency gym access, dining discounts, and annual tennis tournament tickets. Ideal for primary residence, weekend retreat, or lucrative rental.
N
Nadira Lee
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
09/06/18
Sold
$163,000
04/09/04
Sold
$84,000
Condition Rating
Excellent
Despite the 1972 build year, the property has been explicitly described as 'pristine' and 'fully renovated.' The images confirm a comprehensive, modern renovation throughout the unit, including a new kitchen with contemporary cabinets, white countertops, stainless steel appliances, and modern fixtures. The bathroom also features a new vanity, gold-toned fixtures, and a stylish tiled walk-in shower. All visible components, including flooring and lighting, appear new or virtually new, meeting current quality standards with no signs of deferred maintenance.
Pros & Cons
Pros
Strong Investment & Rental Opportunity: Permitted for short-term rentals (7-day min), offered fully furnished (turnkey), and explicitly marketed for its investment potential and lucrative rental income.
Fee Simple Ownership: A significant advantage for a condominium, as it is on 'FEE land (you own),' providing full ownership rather than a leasehold.
Premium Lifestyle Amenities: Access to discounted golf at IW courses, Hyatt Regency gym, dining discounts, and annual tennis tournament tickets enhances resident experience and value.
Low Operating Expenses: Benefits from low HOA fees ($264/month including water) and IID electric service, resulting in lower power costs.
Fully Renovated with Mountain Views: Pristine, fully renovated upper-level end-unit condo offering sweeping mountain views from a private balcony and ample natural light.
Cons
Compact Living Space: With only 1 bedroom, 1 bathroom, and 576 square feet, the unit offers limited living space, which may not suit all buyer preferences or needs.
Age of Building Structure: Despite being fully renovated, the building was constructed in 1972, meaning the underlying infrastructure is over 50 years old, which could lead to potential long-term maintenance considerations.
Upper-Level Access: As an upper-level unit, access requires stairs, which could be a drawback for individuals with mobility challenges or those preferring ground-floor living.