78225 Cortez Lane 184, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
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Indian Wells, California 92210
This property presents a High-Potential Investment Opportunity with a List Price of $295,000—positioned above the $263,466 Fair Market Value. While the price reflects a premium, the unit offers significant upside through its Fee Simple Ownership and 7-day minimum rental flexibility. Featuring a Poor Condition Rating due to its original 1972 finishes, the property is a prime candidate for a value-add renovation. With panoramic mountain views and access to exclusive Indian Wells amenities, this is an ideal acquisition for Buy-and-Hold Investors or vacation rental operators seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78225 Cortez Lane 184 Subject | $295,000* List Price | 1 | 1 | 576 | $457 | - |
A 46880 Mountain Cove 89 Sold | $265,000 | 1 | 1 | 576 | $460 | 0.1 mi |
B 78250 Cortez Lane 139 Pending | $265,000 List Price | 1 | 1 | 576 | $460 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1972 (52 years old) and features a highly dated kitchen with an original-style coil-top range and basic cabinetry. While the unit is well-maintained and functional, the age of the primary systems and the need for a full kitchen and bath rehab to meet modern standards align with the poor category criteria for properties over 30 years old.
Situated on rare fee land where you own the land outright, this property avoids the complications of land leases common in the desert, making it more attractive for financing and long-term appreciation.
Owners enjoy prestigious Indian Wells benefits, including significantly discounted golf at championship courses, access to the Hyatt Regency fitness center, and tickets to the world-class Indian Wells tennis tournament.
With a rare 7-day minimum rental policy and low HOA dues that include water and security, this move-in-ready, furnished unit offers exceptional potential as a high-yield investment property.
At just 576 square feet, the compact interior may feel restrictive for long-term residents or those requiring extra space for guests and storage.
Constructed in 1972, the property may eventually require updates to its aging infrastructure or systems to meet modern efficiency standards compared to newer developments.
Welcome to Mountain Cove in Indian Wells, where spectacular mountain views and resort-style living come together. Situated on rare fee land (you own the land - no land lease), this beautifully positioned condo is tucked away at the back of the community, offering a peaceful setting surrounded by dramatic mountain vistas.Expansive picture windows fill the home with abundant natural light, creating a bright and inviting atmosphere. Low HOA dues of just $264 per month include water, 24-hour guard-gated security, multiple community pools, and beautifully maintained landscaping. Additional savings come from IID electric service, known for lower utility costs.Residents enjoy exclusive Indian Wells privileges, including discounted golf at the city's championship courses, access to the Hyatt Regency fitness center, dining discounts, and tickets to the renowned annual Indian Wells tennis tournament. Whether you're looking for a full-time residence, a weekend getaway, or an income-producing investment, this property offers outstanding flexibility with 7-day minimum rentals permitted. Offered furnished and move-in ready, it's an exceptional opportunity to begin enjoying the Indian Wells lifestyle from day one.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 9-12 • 3.7 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 | 534 | 2,794 |
| Price | $295.0K | $875.9K |
| Price per sq ft | $512 | $434 |
| Built year | 1972 | 1979 |
| HOA | $264.0 | $800 |
| Days on market | 13 | 67 |
Jul 9, 2026
$295,000
Initial Listing
Sep 15, 1994
$43,000
Public Record