78225 Cortez Lane 181, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath

78225 Cortez Lane 181, Indian Wells, California 92210 home-pic-0
ACTIVE$335,000
78225 Cortez Lane 181, Indian Wells, California 92210
1Bed
1Bath
576Sqft
436Lot
Year Built
1972
Close
-
List price
$335K
Original List price
$360K
Price/Sqft
$582
HOA
$264
Days on market
-
Sold On
-
MLS number
219125191PS
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $335.0K(18th), sqft - 576(18th), beds - 1(18th), baths - 1(18th).

DESERT RETREAT ON FEE LAND IN INDIAN WELLS - IDEAL VACATION GETAWAY OR INVESTMENT! Welcome to Mountain Cove in Indian Wells! Unlike most homes in the community, this ground-floor 1BD/1BA condo is on DEEDED LAND, meaning NO LAND LEASE PAYMENTS--a rare and valuable find. Keep energy costs down with this well shielded and insulated lower level unit. Inside, enjoy a freshly painted interior, an expanded kitchen, and a newly installed bathroom sink. The spacious private patio creates a seamless indoor-outdoor living experience, perfect for relaxing or entertaining under the desert sky. Updates include a new A/C UNIT, ON-DEMAND TANKLESS WATER HEATER, and HIGH-END SLIDING DOORS AND WINDOWS. The bathroom features a JACUZZI-BRAND JETTED TUB, and the in-unit SWEDISH WASHER/DRYER adds everyday convenience. Matching tile floors throughout the interior and patio enhance flow and style, while CALIFORNIA CLOSETS, CUSTOM PATIO GATES, and PATIO SUNSCREENS provide functional, stylish upgrades. The kitchen boasts SAMSUNG APPLIANCES, a sleek backsplash, upgraded countertops, and custom blinds, all designed for easy, modern living. With a 7-DAY MINIMUM RENTAL POLICY, Mountain Cove allows for short-term rentals--an attractive opportunity for seasonal owners or vacation investors. Enjoy access to THREE COMMUNITY POOLS, all set against a breathtaking mountain backdrop. As an Indian Wells resident, you'll receive exclusive perks: Discounted golf at the INDIAN WELLS GOLF RESORT for only $35 PER ROUND WITH A GOLF CART from MAY -DECEMBER, and $50 PER ROUND from JANUARY-APRIL, complimentary access to the HYATT REGENCY GYM, RESTAURANT and HOTEL DISCOUNTS, and tickets to the INDIAN WELLS TENNIS GARDENS! Ideally located near El Paseo, world-class shopping, dining, golf, and hiking, this beautifully updated condo offers the ultimate blend of LUXURY, LIFESTYLE, and RENTAL INCOME POTENTIAL.

Nearby schools

8/10
Gerald R. Ford Elementary School
Public,K-51.4mi
7/10
Palm Desert High School
Public,9-123.7mi
Condition Rating
Good

Despite being built in 1972, this condo has undergone extensive modern renovations, making it move-in ready. Key updates include a new A/C unit, on-demand tankless water heater, and high-end sliding doors and windows. The kitchen features modern Samsung appliances, upgraded countertops, a sleek backsplash, and recessed lighting. The bathroom boasts a Jacuzzi-brand jetted tub and a newly installed sink. Matching tile floors throughout the unit provide a cohesive and updated look. While the building's age is a factor for potential future HOA assessments, the interior unit itself is well-maintained and significantly updated, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Deeded Land Ownership: The property is on deeded land, eliminating land lease payments, which is a rare and valuable financial advantage in the Mountain Cove community.
Extensive Modern Upgrades: The condo features significant recent updates including a new A/C unit, on-demand tankless water heater, high-end sliding doors/windows, expanded kitchen with Samsung appliances, and a bathroom with a Jacuzzi-brand jetted tub.
Short-Term Rental Potential: With a 7-day minimum rental policy, the property offers attractive short-term rental income opportunities for investors or seasonal owners.
Exclusive Indian Wells Resident Perks: Residents enjoy valuable benefits such as discounted golf at Indian Wells Golf Resort, complimentary access to the Hyatt Regency gym, and various restaurant/hotel discounts.
Prime Location & Amenities: Ideally located near El Paseo for world-class shopping, dining, and golf, with access to three community pools and mountain views.

Cons

Compact Living Space: At 576 sqft with 1 bedroom and 1 bathroom, the unit offers a very compact living area, which may not suit all buyer preferences or needs.
Building Age: Built in 1972, the building is over 50 years old. While the interior is updated, the age of the overall structure could lead to potential future HOA assessments for common area maintenance or infrastructure.
Price Reduction: The property has seen a price reduction from $360,000 to $335,000, which might indicate a longer time on the market or initial overpricing.

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