
Indian Wells, California 92210
This High-Potential Investment Opportunity is listed at a List Price of $319,000, positioned well below the $320,817 Fair Market Value by 0.56%. Featuring a Condition Rating of 2, this unit offers a fully remodeled Granite Kitchen and modern bath. With a rare 7-day minimum short-term rental allowance and low-cost IID electricity, this asset is optimized for income generation. It is an ideal acquisition for Buy-and-Hold Investors or second-home buyers seeking a turnkey, high-yield property in a prime desert location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78225 Cabrillo Lane #103 Subject | $319,000* List Price | 1 | 1 | 576 | $557 | - |
A 46855 Mountain Cove Drive 84 Sold | $300,000 | 1 | 1 | 576 | $521 | 0.2 mi |
B 78185 Cortez Lane 174 Sold | $315,000 | 1 | 1 | 576 | $547 | 0.1 mi |
C 78180 Cortez Lane 157 Sold | $297,333 | 1 | 1 | 576 | $516 | 0.1 mi |
D 46855 Mountain Cove Drive 75 Sold | $342,500 | 1 | 1 | 576 | $595 | 0.2 mi |
E 78155 Cabrillo Lane 38 Active Under Contract | $360,000 List Price | 1 | 1 | 576 | $625 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1972, the interior has undergone a full contemporary remodel. The kitchen and bathroom have been completely updated with granite countertops and a modern walk-in shower. Visuals show high-quality wood-look flooring and mint-condition finishes throughout, qualifying it as a recent renovation in move-in ready condition.
The rare 7-day minimum rental allowance in Indian Wells provides a significant income-generating opportunity for investors in a high-demand resort market.
The unit is fully furnished and features a completely remodeled kitchen and bathroom, offering a modern, move-in-ready experience with no immediate renovation costs.
Low HOA dues combined with the property's location in the IID electricity district ensure some of the lowest utility and maintenance costs in the state.
With only 576 square feet, the small footprint may limit the property's appeal to full-time residents or those requiring more storage and living area.
Constructed in 1972, the aging infrastructure of the complex may require ongoing maintenance or future capital improvements to common areas.
Fantastic opportunity to acquire a tastefully updated condo in desirable Indian Wells with short-term rental opportunities at an attractive price! Located in the sought-after and gated community of Mountain Cove, this fully-furnished ground level unit features a spacious wrap-around patio with easy access to the community pools and parking. The bathroom has been fully remodeled with new granite counters and a beautiful walk-in shower. The kitchen similarly has been beautifully remodeled and opens to the living room as well as the patio for easy entertaining and day-to-day living. The Club View Association with very reasonable HOA dues features spacious community lawn areas, three heated pools, multiple fruit trees as well as EV charging. Located in the low cost IID district, electricity bills are amongst the lowest in the state! Additionally, the property offers the rare ability to rent short-term with a seven day minimum rental period. Very few communities within Indian Wells allow this and makes for a rare opportunity to earn great income in one of the desert's most sought after locations. Mountain Cove is a safe and quiet gated community yet is only minutes to the Indian Wells Tennis Garden as well as some of the best shopping, dining and golf the Coachella Valley has to offer. Lastly, as a Indian Wells homeowner you will enjoy amazing discounts at hotels and restaurants around town as well as golfing at the Indian Wells Golf Resort!
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 |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 576 | 2,345 |
| Lot Size | - | 2,794 |
| Price | $319.0K | $875.9K |
| Price per sq ft | $554 | $434 |
| Built year | 1972 | 1979 |
| HOA | $264.0 | $800 |
| Days on market | 26 | 67 |
Jun 26, 2026
$319,000
Initial Listing