84320 Tramonto Way, Indio, CA 92203

$1,185,000
4
BD
2
BA
1,926
SqFt
Sold Price
$1,185,000
List Price
$1,210,000
Closing Date
Feb 23, 2024
Days on Market
56
Status
SOLD
MLS#
OC23220316
Bedrooms
4
Bathrooms
2
Living Sq. Ft
1,926
Lot Size(Range)
4,000-7,499 SF
Lot Size(apprx.)
7,405
City
Indio
Property Type
Single Family Residential
Year Built
2012

Property Description

Welcome to this extraordinary lakefront home in the highly sought-after 20-acre, 24/7 guard gated community of Terra Lago in City of Festivals, Indio. Featuring 4 beds, 2 baths, and 1,926 SF, this detached single family home has the largest lake frontage in the community, the best views of the canals, & breathtaking sunsets. This unbeatable and desirable lakefront location property is perfect for all buyers including secondary owners and especially for STR investors who want to rent or enjoy their home. This home is great for passive income as it generates over six-figures of annual rental income - a result of being in one of the very few friendly STR HOAs in the greater Palm Springs area. HOA permits unlimited short-term rentals. With year-round events including art festivals, world renowned Coachella & Stagecoach music festivals, & 5-star golf courses including the Golf Club at Terra Lago, this home benefits from the continual flow of tourism that drives short-term vacation rentals year-round. Inside the home, youll find open-concept living with floor to ceiling stone fireplace & 75 LED TV. Modern gourmet kitchen has quartz countertops and quartz waterfall feature. Backyard amenities include salt water pool, 14-person spa, putting green, 2 natural gas fire features, outdoor dining, BBQ, & outdoor shower. Home is allowed to have a boat & dock for the ultimate lakefront experience. Master bedroom has views of the lake and canals, and custom ensuite bath with lighted floating vanity, dual sinks, walk-in shower, & dual rain shower heads. 2 additional bedrooms & hall bath are

Additional Information

Home Owner Fees
$300
Mello Roos Fee
$4194
Total Monthly Fee
$649
Pool
Yes
View
Lake/River, Canal
Stories
1 Story
Equipment Available
Dishwasher, Microwave, Gas Range
Additional Rooms
Kitchen, Living Room, All Bedrooms Down, Laundry, Walk-In Closet
Cooling
Central Forced Air
Heat Equipment
Forced Air Unit
Parking Garage Spaces
2
Supplemental
Welcome to this extraordinary lakefront home in the highly sought-after 20-acre, 24/7 guard gated community of Terra Lago in City of Festivals, Indio. Featuring 4 beds, 2 baths, and 1,926 SF, this detached single family home has the largest lake frontage in the community, the best views of the canals, & breathtaking sunsets. This unbeatable and desirable lakefront location property is perfect for all buyers including secondary owners and especially for STR investors who want to rent or enjoy their home. This home is great for passive income as it generates over six-figures of annual rental income - a result of being in one of the very few friendly STR HOAs in the greater Palm Springs area. HOA permits unlimited short-term rentals. With year-round events including art festivals, world renowned Coachella & Stagecoach music festivals, & 5-star golf courses including the Golf Club at Terra Lago, this home benefits from the continual flow of tourism that drives short-term vacation rentals year-round. Inside the home, youll find open-concept living with floor to ceiling stone fireplace & 75 LED TV. Modern gourmet kitchen has quartz countertops and quartz waterfall feature. Backyard amenities include salt water pool, 14-person spa, putting green, 2 natural gas fire features, outdoor dining, BBQ, & outdoor shower. Home is allowed to have a boat & dock for the ultimate lakefront experience. Master bedroom has views of the lake and canals, and custom ensuite bath with lighted floating vanity, dual sinks, walk-in shower, & dual rain shower heads. 2 additional bedrooms & hall bath are on the opposite side of the home for privacy. 4th bedroom turned into a game room. Attached 2-car garage with a Level 2 EV charger. Home is a well-established, permitted STR since 2021 with raving 5-star ratings. Unique to this home is that this established STR Listing is transferable to next owner along with 5-star reviews & Superhost status for immediate revenue. Perfect home for 1031 Exchange. HOA amenities include clubhouse, fitness center, park, & Olympic sized community pool/spa. HOA fee includes high speed internet, cable TV, & trash. Lake can be used for boating, kayaking, & fishing. Close to casino night life, Polo Grounds, & La Quinta. Minutes away from Tennis Gardens as well as shopping & dining in La Quinta. 20 minutes away from downtown Palm Springs.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Shaun Bayliss (714-454-5921) from Listing Office: All In Realty.

Selling Office: Coldwell Banker Realty.

board logo

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®,