84311 Canzone Drive, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath
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Indio, California 92203
This High-Performing Lakefront STR Asset is listed at $899,000, representing a strategic acquisition near its $844,956 Fair Market Value. The property holds a Good Condition Rating and is sold fully furnished, featuring a private dock, private pool and spa, and unobstructed mountain views. Situated in the investor-friendly Terra Lago community near Shadow Hills High School, the home is optimized for high-occupancy festival demand and year-round rental income. This turnkey opportunity is specifically engineered for Short-Term Rental Investors and Portfolio Buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84311 Canzone Drive Subject | $899,000* List Price | 4 | 3 | 1,898 | $445 | - |
A 42776 Del Lago Court Sold | $915,000 | 5 | 3 | 2,431 | $376 | 0.2 mi |
B 43173 Bacino Court Sold | $1,015,000 | 3 | 3 | 2,274 | $446 | 0.3 mi |
C 84339 Canzone Drive Active | $899,000 List Price | 4 | 4 | 1,898 | $474 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
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.
Explicitly designed and proven for strong STR performance, offering immediate cash flow and portfolio upside, consistently attracting larger groups and repeat guests.
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.
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.
The property incurs a monthly association fee of $325, which adds to the ongoing operational costs and impacts the net profitability for an investor.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 5.0 mi
Grades 9-12 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,898 | 2,112 | 42% |
| Lot Size | 6,098 | 7,841 | 27% |
| Price | $899.0K | $547.5K | 90% |
| Price per sq ft | $474 | $277 | 97% |
| Built year | 2006 | 2006 | 50% |
| HOA | $325.0 | $300 | 55% |
| Days on market | 120 | 181 | 27% |
Dec 23, 2025
$899,000
Initial Listing
May 3, 2023
$930,000
Public Record
Jul 12, 2018
$370,000
Public Record
Jan 16, 2009
$386,000
Public Record
Apr 28, 2006
$419,500
Public Record