78250 Cortez Lane 140, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 1 bath
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Indian Wells, California 92210
This studio condo represents a Strong Value Opportunity, listed at $319,900—positioned above the $292,462 Fair Market Value. While priced at a premium, the property offers a unique Buy-and-Hold Investor profile due to its 7-day minimum rental policy and proximity to major festivals. Featuring a Condition Rating of 4, the unit includes a new HVAC system and panoramic mountain views. This is an ideal acquisition for short-term rental operators seeking a low-maintenance, amenity-rich asset in a high-demand desert location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78250 Cortez Lane 140 Subject | $309,900* List Price | 1 | 1 | 576 | $518 | - |
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 78250 Cortez Lane 136 Active | $295,000 List Price | 1 | 1 | 576 | $512 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old but has been maintained. While it features a brand-new HVAC system, the interior finishes—including the carpeting, 90s-style bathroom tile, and kitchen—are dated and require cosmetic updates to meet modern standards.
The property features a rare 7-day minimum rental policy and proximity to major events like Coachella and Stagecoach, making it an ideal short-term rental investment in a prestigious desert location.
A low $264 monthly HOA fee provides significant benefits, including water, trash, guarded gate security, and exclusive resident perks like Hyatt Regency gym access and local golf discounts.
The unit boasts a newly installed HVAC system and architectural upgrades like cathedral ceilings and a storage loft, maximizing the utility and aesthetic appeal of the living space.
At only 576 square feet, the studio layout offers limited living and storage space, which may restrict the buyer pool to those not requiring a traditional separate bedroom.
Originally constructed in 1972, the building may require more frequent maintenance or future capital improvements compared to newer condominium developments in the area.
Welcome to your very own paradise in beautiful Indian Wells! This second floor studio condo features a large private covered patio, stunning mountain views, an office work station (which could be converted to a laundry room), generous bath, cozy kitchen, an extended walk-in closet w/ built-ins, well thought-out custom architectural features including cathedral ceilings, a storage loft, and ensconced lighting. The recent installation of a NEW HVAC system brings added value to this clear winner. Uniquely positioned at the end of a quiet cul de sac, the home is effortlessly close to one of three heated community pools. The well curated community of Mountain Cove sits behind a guarded gate just off Highway 111. It's conveniently located near everything Indian Wells & La Quinta have to offer including shopping, restaurants, Old Town, the Tennis Gardens, Coachella & Stagecoach Music Festivals, and more! You and your guests will appreciate the handy community EV charging station as well, not far from the unit. Relaxed rental guidelines allow for short term rentals with just a 7 day minimum. Pets are also welcome, with some restrictions (two pets, 50 lbs each). The low monthly HOA fee of only $264 includes water, trash, community amenities, including use of the gym at the local Hyatt Regency, local golf & restaurant discounts and more. Ground lease doesn't expire until November 30, 2069. Schedule your tour today!
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 | $309.9K | $875.9K |
| Price per sq ft | $538 | $434 |
| Built year | 1972 | 1979 |
| HOA | $264.0 | $800 |
| Days on market | 62 | 67 |
Jul 14, 2026
$309,900
$319,900
-3% Price Drop
Initial Listing
May 21, 2026
$319,900
Initial Listing