78255 Cabrillo Lane 117, Indian Wells, California 92210, Indian Wells, 92210 - 1 bed, 2 bath
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Indian Wells, California 92210
This Updated Desert Retreat is a Prime Investment Opportunity, listed at $334,000—positioned well below the $376,192 Fair Market Value by 11%. This valuation gap provides $42,192 in Instant Equity. Boasting a Good Condition Rating, the interior features a renovated granite kitchen, shaker cabinets, and modern wood-look flooring. Residents enjoy mountain views, a private patio, and the exclusive Indian Wells Resident Benefit Card, while the 7-day short-term rental policy maximizes income potential. Located near the 8-rated Gerald R. Ford Elementary, this is a superior acquisition for Buy-and-Hold Investors or Seasonal Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78255 Cabrillo Lane 117 Subject | $336,000 | 1 | 2 | 864 | $435 | - |
A 78255 Cabrillo Lane 118 Sold | $410,000 | 1 | 2 | 864 | $475 | 0.0 mi |
B 46880 Mountain Cove 89 Sold | $265,000 | 1 | 1 | 576 | $460 | 0.2 mi |
C 78225 Cortez Lane 182 Sold | $269,000 | 1 | 1 | 576 | $467 | 0.1 mi |
D 78205 Cortez Lane 177 Sold | $370,000 | 2 | 3 | 1,152 | $321 | 0.1 mi |
E 78130 Cortez Lane 56 Active | $389,000 List Price | 2 | 2 | 1,152 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1972, this condo has been beautifully and extensively updated, as evidenced by the modern kitchen with white shaker cabinets, granite countertops, stainless steel appliances, and a stylish blue subway tile backsplash. The bathrooms feature new vanities, contemporary fixtures, and updated tiling, including a striking blue vanity with gold accents in one. New wood-look flooring is present throughout the main living areas and bedroom. The property is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for extensively renovated properties.
The property is explicitly short-term rental friendly, making it ideal for income generation or a seasonal retreat in a high-demand area, especially given its proximity to major events.
Situated in a highly desirable city, offering proximity to major events (Coachella, Stagecoach), upscale shopping (El Paseo), and the Indian Wells Tennis Garden.
Access to the Indian Wells Resident Benefit Card provides significant discounts on golf, tennis, dining, and spa services at city resorts, enhancing the luxury lifestyle.
Built in 1972, the property is over 50 years old, which may imply potential for future maintenance or renovation needs for the building's infrastructure, despite interior updates.
The monthly association fee of $395.0 represents an ongoing cost that must be factored into the total ownership expenses.
As a 1-bedroom unit, its appeal and market reach may be narrower compared to properties with more bedrooms, potentially impacting long-term appreciation or suitability for larger households.
BACK ON MARKET! $5K SELLER CREDIT towards Buyer Closing Costs! Priced to sell! Welcome to Mountain Cove in Indian Wells! This rare larger square footage floor plan for this ground-floor 1-bedroom, 2-bathroom condo with large patio, is an exceptional find, offering both comfort and style in one of the desert’s most desirable locations. Fully Furnished and beautifully updated, with a spacious and open floorplan that rarely comes on the market. This Short-Term Rental-Friendly community is ideal for those seeking an investment property or a seasonal retreat. Enjoy resort-style living with access to three sparkling pools and breathtaking mountain views that make every day feel like a luxury resort vacation. Mountain Cove is ideal for accessing major Coachella Valley events like the Coachella and Stagecoach Festivals, as it is only about 8 miles from the Empire Polo Grounds. It's also close to the Indian Wells Tennis Garden, and El Paseo shopping. This condo offers the ultimate desert lifestyle with the added perk of the Indian Wells Resident Benefit Card, which offers exclusive access to discounted golf rates at the Indian Wells Golf Resort, tennis tickets, as well as discounts on food, drinks, and spa services at the city's resorts.
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 | 18% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 864 | 2,016 | 18% |
| Lot Size | 1,742 | 3,049 | 35% |
| Price | $336.0K | $725.0K | 12% |
| Price per sq ft | $389 | $397 | 41% |
| Built year | 1972 | 1972 | 50% |
| HOA | $395.0 | $790 | 21% |
| Days on market | 215 | 156 | 82% |
Oct 7, 2025
$334,000
$339,000
-1% Price Drop
Initial Listing
Sep 19, 2025
$339,000
Initial Listing