78225 Cortez Lane 185, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
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Indian Wells, California 92210
This Investor-Focused Studio Condo represents a High-Potential Investment Opportunity with a List Price of $245,000. While priced above the $216,244 Fair Market Value, the property offers significant value-add potential through its rare 7-day Short-Term Rental Eligibility and serene Mountain and Greenbelt Views. Currently holding a Condition Rating of 5, the unit requires a full interior remodel to capture peak market rents. Residents benefit from Top-Rated Schools like Gerald R. Ford Elementary and exclusive Indian Wells perks, including discounted golf and reduced electricity. This asset is a strategic acquisition for Buy-and-Hold Investors or Short-Term Rental Operators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78225 Cortez Lane 185 Subject | $245,000* List Price | 1 | 1 | 576 | $375 | - |
A 78225 Cortez Lane 182 Sold | $269,000 | 1 | 1 | 576 | $467 | 0.0 mi |
B 46880 Mountain Cove 89 Sold | $265,000 | 1 | 1 | 576 | $460 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in original 1972 condition and requires a full remodel. The kitchen is outdated and partially dismantled with plywood covering cabinet openings, and the bathroom features original, aged fixtures. The listing explicitly describes it as an 'Investor's Special' needing extensive renovation.
Located in a rare community that permits 7-day minimum short-term rentals, offering high income potential for investors in a sought-after desert destination.
Positioned against the mountain and greenbelt, this unit offers superior privacy and serene natural views compared to typical neighboring condos.
Owners benefit from prestigious Indian Wells incentives, including discounted golf, BNP Paribas Open tickets, and reduced electricity rates through the Imperial Irrigation District.
The property is in original 1972 condition and requires a full remodel, which will demand significant additional capital and time from the buyer.
As a 576-square-foot studio, the compact living space may limit the property's appeal to a narrower demographic of buyers or long-term tenants.
Location! Location! Location! Investor's Special in the best location in Mountain Cove...This lower-level studio is ideally situated in one of the most desirable spots within Mountain Cove--nestled against the mountain and greenbelt, offering rare privacy with serene views of natural landscape instead of neighboring condos.Bring your contractor, this unit is in original condition and ready for a full remodel, presenting an excellent opportunity for investors or buyers looking to customize their own desert retreat. With strong potential, this property could become a high-performing short-term rental or a stylish weekend getaway.Mountain Cove is one of the few communities in the area that still allows short-term rentals (7-day minimum), making it especially appealing for income potential.As an Indian Wells homeowner, you'll also enjoy exclusive resident perks, including complimentary tickets to Residents Day at the BNP Paribas Open, discounted golf at the Indian Wells Golf Resort, and savings at local hotels, spas, and restaurants--plus reduced electric costs through Imperial Irrigation District.Don't miss this chance to own a slice of paradise!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 17% |
| Baths | 1.0 | 3.0 | 11% |
| Square foot | 576 | 2,008 | 11% |
| Lot Size | 534 | 3,049 | 23% |
| Price | $245.0K | $710.0K | 3% |
| Price per sq ft | $425 | $398 | 69% |
| Built year | 1972 | 1972 | 50% |
| HOA | $265.0 | $785 | 14% |
| Days on market | 19 | 152 | 3% |
Apr 3, 2026
$245,000
Initial Listing