78250 Cortez Lane 139, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
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Indian Wells, California 92210
This property presents a Strong Value Opportunity with a List Price of $265,000—positioned well below the $280,616 Fair Market Value by 5%. This valuation gap offers $15,616 in Instant Equity. Featuring Fee Simple Ownership and Panoramic Mountain Views, this unit is a Buy-and-Hold Investor asset with short-term rental potential. While the Condition Rating of 4 indicates dated interiors, the low HOA and prime location near top-rated schools make this an ideal acquisition for first-time buyers or investors seeking immediate income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78250 Cortez Lane 139 Subject | $265,000* List Price | 1 | 1 | 576 | $487 | - |
A 46880 Mountain Cove 89 Sold | $265,000 | 1 | 1 | 576 | $460 | 0.1 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 78225 Cortez Lane 185 Active | $245,000 List Price | 1 | 1 | 576 | $425 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is well-maintained but significantly dated. The kitchen features older green tile countertops, basic white cabinetry, and aged appliances that appear to be over 20 years old. While the Saltillo tile and overall structure are functional and move-in ready, the interior requires modernization to meet current market standards.
Unlike many neighboring properties burdened by expensive land leases, this condo sits on fee simple land, providing superior long-term value and financial peace of mind.
The property allows for short-term rentals with a 7-day minimum and includes the prestigious Indian Wells Resident Benefits Card, offering significant income potential and exclusive local perks.
Situated in a gated enclave with exceptional mountain views, the home offers easy access to the Indian Wells Tennis Gardens, El Paseo, and Old Town La Quinta.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =576, other record lot size in square feet = 490.
At just 576 square feet, the compact size of this one-bedroom unit may limit its appeal for full-time residents or those requiring more spacious accommodations.
Built in 1972, the property may require modern updates or maintenance to its original systems to meet the contemporary standards of the prestigious Indian Wells market.
Fee simple Mountain Cove gem in Clubview HOA! This outstanding condo at 78250 Cortez Lane, Unit 139, sits on true fee simple land--no land lease like most in the community--delivering maximum value and peace of mind. Perfectly located with easy access to the Indian Wells Tennis Gardens, and centrally located between El Paseo and Old Town La Quinta, this property allows short-term rentals with a 7-day minimum, creating excellent income potential. As an Indian Wells owner, you'll enjoy the exclusive Resident Benefits Card with its premium city perks including deeply discounted golf, 20% off at many restaurants and free tickets to the tennis tournament, hockey games and other events. Set in a desirable gated enclave with low HOAs and the best mountain views in the valley, this is a rare opportunity for personal enjoyment or strong investment returns in one of the desert's most prestigious communities.
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 | 576 | 3,049 | 24% |
| Price | $265.0K | $788.0K | 5% |
| Price per sq ft | $460 | $416 | 61% |
| Built year | 1972 | 1973 | 49% |
| HOA | $265.0 | $847 | 17% |
| Days on market | 28 | 148 | 2% |
May 9, 2026
$265,000
Initial Listing
Aug 18, 2003
$66,000
Public Record
Aug 18, 2003
$28,000
Public Record