78155 Cabrillo Lane 38, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
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Indian Wells, California 92210
This High-Potential Investment Opportunity is listed at a List Price of $360,000, positioned slightly above the $342,268 Fair Market Value. Despite the premium, this turnkey, fully furnished condo offers a Mint Condition Rating with a full high-end remodel. Located on FEE land with 7-day minimum rental flexibility, it provides a rare income-generating asset. Residents benefit from exclusive Indian Wells privileges and low HOA dues. This property is an ideal acquisition for Buy-and-Hold Investors or vacation home buyers seeking immediate rental success.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78155 Cabrillo Lane 38 Subject | $360,000* List Price | 1 | 1 | 576 | $594 | - |
A 78180 Cortez Lane 157 Sold | $297,333 | 1 | 1 | 576 | $516 | 0.0 mi |
B 78185 Cortez Lane 174 Sold | $315,000 | 1 | 1 | 576 | $547 | 0.1 mi |
C 46855 Mountain Cove Drive 75 Sold | $342,500 | 1 | 1 | 576 | $595 | 0.1 mi |
D 78175 Cabrillo Lane 47 Active | $349,000 List Price | 1 | 1 | 576 | $606 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a full high-end remodel with designer fixtures, a modern kitchen featuring stainless steel appliances, and updated flooring throughout. Despite the 1972 build date, the recent renovation puts it in mint, turnkey condition consistent with the <5y renovation criteria.
This turnkey, fully furnished condo allows for 7-day minimum rentals on FEE land, making it a rare and lucrative opportunity for short-term rental income in a prestigious desert community.
Owners enjoy elite Indian Wells privileges, including significant discounts on world-class golf, Hyatt Regency gym access, and annual tickets to the prestigious Indian Wells Tennis Garden.
The property features exceptionally low HOA dues of $264/month and benefits from IID electric service, providing substantial monthly savings compared to neighboring utility districts.
With only 576 square feet of living space, the unit's small footprint may be restrictive for full-time residents or those requiring significant storage and room for guests.
As an upper-level unit in a complex built in 1972, the lack of an elevator may pose a challenge for individuals with mobility concerns or those preferring ground-floor access.
Welcome to Mountain Cove in Indian Wells! This beautifully renovated upper-level end unit condo blends luxury, lifestyle, and exceptional income potential. Fully remodeled with designer fixtures throughout, this turnkey residence is situated on desirable FEE land - meaning you own the land. Enjoy breathtaking mountain views from your private balcony overlooking the sparkling pool, creating the perfect desert retreat. The open floor plan and high ceilings create an airy space that is offered furnished and ready for immediate enjoyment or continued rental success. Low HOA dues of just $264/month include water and guard gated security. Additional cost-saving benefits include service through IID electric for lower utility costs. An outstanding investment opportunity, with 7-day minimum rentals permitted. Whether you're seeking a primary residence, vacation getaway, or high-performing short-term rental, this home checks every box. Additionally, residents enjoy exclusive Indian Wells privileges, including discounted golf at Indian Wells courses, Hyatt Regency gym access, dining discounts, and annual tennis tournament tickets. Luxury desert living with proven income potential awaits!
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 | 1.0 | 3.0 | 20% |
| Baths | 1.0 | 3.0 | 15% |
| Square foot | 576 | 2,280 | 15% |
| Lot Size | - | 3,049 | 15% |
| Price | $360.0K | $788.0K | 17% |
| Price per sq ft | $625 | $416 | 85% |
| Built year | 1972 | 1973 | 49% |
| HOA | $264.0 | $847 | 10% |
| Days on market | 19 | 148 | 2% |
May 18, 2026
$360,000
Initial Listing
Sep 6, 2018
$163,000
Public Record
Apr 9, 2004
$84,000
Public Record