$999,900

A rare opportunity to acquire a proven, high-performing lakefront short-term rental in Terra Lago--positioned for the investor who understands that the best STR acquisitions combine documented revenue, differentiated amenities, a strong depreciation basis, and the ability to perform from day one. This fully established 3-bedroom, 3-bath, 2,157-square-foot lakefront retreat generated $131,000… Read More in verified gross rental revenue in 2025 and is currently on pace to exceed that performance in 2026. Unlike a speculative STR purchase where the buyer must renovate, furnish, build reviews and establish a rental history, this property already has the amenities and proven performance guests are looking for. The outdoor space is the centerpiece: a private saltwater pool and spa, expansive lake and mountain views, commercial-grade misters, lakeside fire pit, built-in BBQ, covered outdoor TV lounge and multiple entertaining areas create a true resort-style guest experience. Inside, the property features an open entertaining layout, custom bar, upgraded finishes, custom TV wall and a private primary-suite balcony overlooking the water. An arcade/game-room component further enhances the property's appeal to vacation-rental guests. The home accommodates up to 10 guests and has been thoughtfully positioned to compete in Indio's event-driven STR market. For investors focused on tax efficiency, the numbers become even more compelling. Public tax records currently allocate approximately $302,757 to land and $706,429 to improvements, meaning roughly 70% of the current assessed value is attributed to improvements rather than non-depreciable land. A buyer should have their CPA and cost-segregation specialist establish the appropriate allocation at acquisition, but the property's substantial building and amenity basis--including the pool, spa, outdoor improvements, furnishings and qualifying components--could make it an attractive candidate for a cost-segregation study and accelerated depreciation, subject to the buyer's individual tax situation. Compass For a 1031 exchange buyer, this is an opportunity to move equity into an established income-producing vacation rental rather than starting from scratch. For the hybrid buyer, it offers something equally compelling: a lakefront desert residence that can be personally enjoyed while producing meaningful rental income when not in use. And for an investor looking to enter the STR market, the property provides a documented operating history and an established guest-oriented amenity package. Located within gated Terra Lago, adjacent to the golf course and minutes from the attractions and major events that drive Coachella Valley tourism, this is more than a furnished vacation home--it's an opportunity to acquire a proven hospitality asset with six-figure gross revenue, significant depreciable improvements, and continued upside. Read Less

Listing courtesy of HomeSmart.

Listing Snapshot

Days Online

Last Updated

Oct 28, 2026

Property Type

Single Family Residence

Beds

Full Baths

Partial Baths

Square Ft.

2,157

Year Built

2006

MLS Number

219153793

Additional Details

Appliances & Equipment

Dishwasher, Dryer, Ice Maker, Microwave Oven, Refrigerator, Washer

Building

Built in 2006, Living area: 2157.0, 2 stories, Levels: Two

Community

Community Boat Ramp, Community Dock

Cooling

Air Conditioning

Exterior Features

Balcony

Fence

Block

Fireplaces

1 fireplace, Gas

Floors

Vinyl

Garage

2 spaces

Heating

Central

Home Owner's Association

Association Fee: $285, Fee Frequency: Monthly, Amenities: Banquet Facilities, Barbecue, Billiard Room, Clubhouse, Fitness Center, Greenbelt/Park, Guest Parking, Lake or Pond, Playground

Parking

4 total parking spaces, Direct Entrance, Garage Door Opener, Total Uncovered/Assigned Spaces

Pool

Private, Salt Water, In Ground

Property

Additions/Alterations, Mountain(s), Water

Security Features

24 Hour Security, Gated Community

Sewer

In, Connected and Paid

Taxes

Parcel Number: 696070056

Water Features

Lake

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