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84297 Canzone Drive, Indio, California 92203, Indio, 92203 - 3 bed, 2 bath

84297 Canzone Drive, Indio, California 92203 home-pic-0
ACTIVE$850,000$1,720/sqft
Est. Value: $819,719
-3%
AboveEstimate
84297 Canzone Drive, Indio, California 92203
3Beds
2Baths
1,720Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($819,719.425) is $30,280.575 (3%) lower than the list price ($850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Short-Term Rental Potential: Explicitly designed for high demand, turnkey furnished, and strategically located near major attractions like Coachella, Stagecoach, and Indian Wells Tennis Garden, ensuring strong year-round booking potential and premium nightly rates.
Top Cons:
Limited Bedroom/Bathroom Count for 'Groups': While marketed for groups, the 3-bedroom, 2-bathroom configuration may limit the size of groups it can comfortably accommodate, potentially impacting maximum rental occupancy and income compared to larger properties.

Compared to the nearby listings

Price:$850.0K vs avg $565.0K (+$285,000)89%
Size:1,720 sqft vs avg 2,147 sqft25%
Price/sqft:$494 vs avg $276100%

More Insights

Built in 2005 (21 years old).
Condition: Built in 2005, this property is 19 years old, placing it within the 'Good' category for age. The kitchen features white shaker-style cabinets, granite countertops, and stainless steel appliances, all appearing well-maintained and functional. The bathrooms have been extensively updated with modern marble-look tile showers, glass enclosures, and contemporary vanities, suggesting recent renovations that elevate their condition significantly. Flooring throughout is a modern light wood-look laminate/LVP, and light fixtures are updated. The property is move-in ready with no immediate renovations required, and all major systems appear well-maintained with minimal wear and tear, aligning perfectly with the 'Good' rating criteria.
Year Built
2005
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$494
HOA
$300
Days on market
-
Sold On
-
MLS number
219141228DA
Home ConditionGood
Features
Excellent View: Lake, Mountain(s), Pool
Pool
Spa
Patio
ViewLake, Mountain(s), Pool

About this home

This is the kind of property investors seek out--and guests remember. Set along the water in the gated community of Terra Lago, this lakefront retreat blends strong short-term rental appeal with a lifestyle that sells itself.Designed for high demand and effortless ownership, the 3-bedroom, 2-bath layout is open, bright, and built for groups. Indoor living flows naturally to the outdoors, maximizing how guests use--and love--the home. The kitchen anchors the space with granite countertops, stainless steel appliances, and room to gather, entertain, and linger.Offered furnished per inventory, this is a true turnkey opportunity--ready to generate income from day one. Outside, the experience elevates: pool and spa, fire-pit lounge, outdoor dining, and private dock access with panoramic lake and mountain views. These are the amenities that drive bookings, repeat stays, and premium nightly rates.Location is a major value driver. Minutes to Coachella and Stagecoach, near Indian Wells Tennis Garden, and close to the shopping and dining of El Paseo, this home benefits from year-round demand across festivals, sports, golf, and leisure travel.Whether you're expanding a short-term rental portfolio, securing a low-maintenance lakefront asset, or pairing personal use with income, this Terra Lago property checks the boxes that matter most: location, amenities, views, and proven guest appeal.

A
Angela Maciel-Gibbons
Listing Agent

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,•K-5•1.3mi
4/10
Desert Ridge Academy
Public,•6-8•5.0mi
5/10
Shadow Hills High School
Public,•9-12•4.7mi

Price History

Date
Event
Price
11/02/21
Sold
$949,000
06/08/07
Sold
$525,000
04/25/06
Sold
$419,500
Condition Rating
Good
Built in 2005, this property is 19 years old, placing it within the 'Good' category for age. The kitchen features white shaker-style cabinets, granite countertops, and stainless steel appliances, all appearing well-maintained and functional. The bathrooms have been extensively updated with modern marble-look tile showers, glass enclosures, and contemporary vanities, suggesting recent renovations that elevate their condition significantly. Flooring throughout is a modern light wood-look laminate/LVP, and light fixtures are updated. The property is move-in ready with no immediate renovations required, and all major systems appear well-maintained with minimal wear and tear, aligning perfectly with the 'Good' rating criteria.
Pros & Cons

Pros

Exceptional Short-Term Rental Potential: Explicitly designed for high demand, turnkey furnished, and strategically located near major attractions like Coachella, Stagecoach, and Indian Wells Tennis Garden, ensuring strong year-round booking potential and premium nightly rates.
Prime Lakefront Location & Panoramic Views: Situated directly on the water within the desirable gated community of Terra Lago, offering private dock access and stunning panoramic lake and mountain views from the property.
Extensive Outdoor Entertainment Amenities: Features a private pool and spa, fire-pit lounge, and outdoor dining area, creating an elevated guest experience that drives bookings and repeat stays.
Turnkey & Furnished Opportunity: Offered fully furnished per inventory, providing a true turnkey solution for investors ready to generate income from day one without additional setup costs or time.
Modern & Functional Interior Design: The 3-bedroom, 2-bath layout is open, bright, and built for groups, featuring an updated kitchen with granite countertops and stainless steel appliances, and seamless indoor-outdoor flow.

Cons

Limited Bedroom/Bathroom Count for 'Groups': While marketed for groups, the 3-bedroom, 2-bathroom configuration may limit the size of groups it can comfortably accommodate, potentially impacting maximum rental occupancy and income compared to larger properties.
Ongoing Association Fees: The $300.0 monthly association fee is a significant recurring cost that directly impacts the property's net operating income and overall profitability for investors.
Maintenance Demands of Extensive Amenities: The private pool, spa, fire-pit lounge, and private dock, while highly attractive, require consistent maintenance and upkeep, adding to the operational costs and management effort for an investor.
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