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84311 Canzone Drive, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath

84311 Canzone Drive, Indio, California 92203 home-pic-0
ACTIVE$899,000$1,898/sqft
Est. Value: $864,410
-3%
AboveEstimate
84311 Canzone Drive, Indio, California 92203
4Beds
3Baths
1,898Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($864,410.445) is $34,589.555 (3%) lower than the list price ($899,000). This property may be overpriced.

Key pros and cons

Top Pros:
High-Performing Short-Term Rental (STR) Asset: Explicitly designed and proven for strong STR performance, offering immediate cash flow and portfolio upside, consistently attracting larger groups and repeat guests.
Top Cons:
Recurring Association Fees: The property incurs a monthly association fee of $325, which adds to the ongoing operational costs and impacts the net profitability for an investor.

Compared to the nearby listings

Price:$899.0K vs avg $565.0K (+$334,000)91%
Size:1,898 sqft vs avg 2,147 sqft38%
Price/sqft:$474 vs avg $27699%

More Insights

Built in 2006 (20 years old).
Condition: Built in 2006, this property is 18 years old, fitting within the 'Good' category's age range. The home is move-in ready and appears very well-maintained, consistent with its use as a high-performing short-term rental. The bathrooms have been updated with modern fixtures, contemporary tile work, and stylish lighting. Common areas feature modern light fixtures and consistent wood-look tile flooring. While the kitchen is clean and functional with white cabinets and stainless steel appliances, the granite countertops, though well-kept, reflect a style more common to its original build era rather than a recent, extensive renovation. Overall, major systems appear functional, and the property shows minimal wear and tear, making it a solid 'Good' condition.
Year Built
2006
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$474
HOA
$325
Days on market
-
Sold On
-
MLS number
219140319DA
Home ConditionGood
Features
Excellent View: Lake, Mountain(s), Pool
Pool
Spa
Patio
ViewLake, Mountain(s), Pool

About this home

Rare opportunity to acquire one--or all four--high-performing lakefront short-term rental properties in the gated community of Terra Lago. Formerly part of an exclusive investment portfolio, these income-producing villas are now available for individual or bulk purchase, offering immediate cash flow and portfolio-level upside in one of the Coachella Valley's most reliable STR markets.This single-story 4-bedroom, 3-bath residence spanning approximately 1,898 sq. ft. is purpose-built for short-term rental performance, featuring a layout that consistently attracts larger groups and repeat guests. A rare backyard gate connection between neighboring villas creates a compound-style setup--ideal for multi-home bookings, festivals, and event-driven demand.The lakefront setting with private dock, unobstructed water and mountain views, private pool and spa, and covered patio drive premium nightly rates and year-round guest appeal. These features position the property at the top tier of Terra Lago's rental inventory.Located minutes from Coachella and Stagecoach, Indian Wells Tennis Garden, El Paseo, and world-class golf, the home benefits from diversified, year-round rental demand, supporting strong occupancy and reduced seasonality risk.Whether acquiring a single turnkey STR or expanding with a four-property lakefront portfolio, this is a rare chance to secure scalable, income-producing assets in an investor-friendly community.Sold furnished per inventory list.

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
05/03/23
Sold
$930,000
07/12/18
Sold
$370,000
01/16/09
Sold
$386,000
04/28/06
Sold
$419,500
Condition Rating
Good
Built in 2006, this property is 18 years old, fitting within the 'Good' category's age range. The home is move-in ready and appears very well-maintained, consistent with its use as a high-performing short-term rental. The bathrooms have been updated with modern fixtures, contemporary tile work, and stylish lighting. Common areas feature modern light fixtures and consistent wood-look tile flooring. While the kitchen is clean and functional with white cabinets and stainless steel appliances, the granite countertops, though well-kept, reflect a style more common to its original build era rather than a recent, extensive renovation. Overall, major systems appear functional, and the property shows minimal wear and tear, making it a solid 'Good' condition.
Pros & Cons

Pros

High-Performing Short-Term Rental (STR) Asset: Explicitly designed and proven for strong STR performance, offering immediate cash flow and portfolio upside, consistently attracting larger groups and repeat guests.
Premium Lakefront Location with Private Amenities: Features a private dock, unobstructed water and mountain views, and a private pool and spa, positioning it at the top tier of rental inventory and commanding premium nightly rates.
Strategic Proximity to Major Attractions: Located minutes from high-demand event venues like Coachella and Stagecoach, Indian Wells Tennis Garden, and world-class golf, ensuring diversified, year-round rental demand.
Unique Multi-Home Booking Potential: A rare backyard gate connection to neighboring villas creates a compound-style setup, ideal for multi-home bookings, festivals, and large event-driven demand.
Turnkey & Furnished Offering: Sold fully furnished per inventory list, providing a ready-to-operate, turnkey investment opportunity for immediate rental operation.

Cons

Recurring Association Fees: The property incurs a monthly association fee of $325, which adds to the ongoing operational costs and impacts the net profitability for an investor.
Potential for Market Saturation/Competition: Being one of potentially four similar lakefront STR properties in the same community, there could be internal competition or a risk of market saturation if many comparable units are available.
Age of Property (Maintenance/Updates): Built in 2006, the property is 18 years old. While purpose-built for STR, it may require ongoing maintenance or future updates to remain competitive and attractive to guests, incurring additional costs.
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