79465 Avenue 38th, Indio, California 92203, Indio, 92203 - 2 bed, 2 bath
ACTIVE$867,000
79465 Avenue 38th, Indio, California 92203
2Beds
2Baths
1,680Sqft
361,548Lot
Year Built
1979
Close
-
List price
$867K
Original List price
$936K
Price/Sqft
$516
HOA
-
Days on market
-
Sold On
-
MLS number
219116351DA
Home ConditionTear down
Features
Excellent View: Canal, Desert, Mountain(s)
ViewCanal, Desert, Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $867.0K(90th), sqft - 1680(22th), beds - 2(30th), baths - 2(48th).
PRICE IMPROVED! 360 Panoramic views! 8.3 Acres nestled in the heart of North Indio! Water and Electric are at the property! When you are standing on this property it's peacefully quiet and the views are incredible! Investors delight perfect property for multi dwellings or residential estate homes! Quick access to the Freeway, Walking distance to Shadow Hills High school and Desert Ridge Academy middle school! There is 1 vacant manufactured home on property - no value to the home.Zoned for Desert Estate's Transition (DET-3)- see city of Indio for more details on planning. Seller's will entertain all reasonable offers!
Price History
Date
Event
Price
09/09/25
Price Change
$899,000
09/09/25
Price Change
$867,000-3.6%
09/06/24
Listing
$936,000
Condition Rating
Tear down
The listing explicitly states, 'There is 1 vacant manufactured home on property - no value to the home.' This indicates the existing structure is considered unlivable and its value is zero, with the property's worth being solely in the land and its development potential. This aligns with the 'tear-down' criteria where the structure is beyond repair and the property's value is based on the land.
Pros & Cons
Pros
Significant Development Potential: Expansive 8.3-acre lot zoned DET-3 (Desert Estate's Transition), explicitly marketed for multi-dwellings or residential estate homes, appealing to investors and developers.
Exceptional Panoramic Views: Offers stunning 360-degree panoramic views of the desert, mountains, and canal, providing a premium aesthetic and tranquil environment.
Essential Utilities On-Site: Water and electricity are already connected to the property, significantly reducing initial development costs and accelerating project timelines.
Convenient Location & Accessibility: Provides quick freeway access and is within walking distance to local schools (Shadow Hills High and Desert Ridge Academy), enhancing its appeal for families and commuters.
Motivated Seller & Price Adjustment: Recent price improvement and the seller's willingness to entertain all reasonable offers suggest flexibility and potential for a favorable acquisition.
Cons
Existing Structure Deemed Valueless: The presence of a vacant manufactured home with 'no value' indicates it's likely a tear-down, incurring demolition and removal costs for a new build.
Extensive Due Diligence Required: While zoning offers potential, specific development plans necessitate thorough investigation and approval processes with the City of Indio, which can be complex and time-consuming.
Limited Immediate Residential Use: The property's primary value lies in its land and development potential, not in a ready-to-occupy residence, which may limit appeal to buyers seeking an immediate move-in home.