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42861 Beato Court, Indio, California 92203, Indio, 92203 - 4 bed, 2 bath

42861 Beato Court, Indio, California 92203 home-pic-0
ACTIVE$999,000
42861 Beato Court, Indio, California 92203
4Beds
2Baths
1,898Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($912,559.105) is $86,440.895 (8%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Waterfront Location & Panoramic Views: The property boasts a prime location directly on a man-made lake, offering panoramic lake, mountain, and water views, along with unique recreational opportunities like boating and fishing.
Top Cons:
Recurring HOA Dues: While comprehensive, the $300 monthly HOA fee represents a significant ongoing cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$999.0K vs avg $570.5K (+$428,500)94%
Size:1,898 sqft vs avg 2,147 sqft35%
Price/sqft:$526 vs avg $274100%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property is 18 years old and falls within the 'Good' category's age range. The listing describes it as an 'immaculately maintained' former model home with an 'upgraded kitchen' featuring granite countertops and a gas range. Images confirm a clean, move-in ready condition with desirable features like white kitchen cabinets, stainless steel appliances, hardwood flooring in main living areas, and recessed lighting. While some elements like the bathroom wallpaper or entry tile might not be ultra-modern, they are well-maintained and functional. The presence of solar panels is a significant positive upgrade. The property shows minimal wear and tear and no immediate renovation needs.
Year Built
2006
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$526
HOA
$300
Days on market
-
Sold On
-
MLS number
219128440DA
Home ConditionGood
Features
Excellent View: Lake, Mountain(s), Panoramic, Pool, Water
Pool
Spa
Patio
ViewLake, Mountain(s), Panoramic, Pool, Water

About this home

Welcome to 42861 Beato Court, a rare single-level, former model home nestled in the prestigious, guard-gated community of Terra Lago in Indio, California. Well appointed and immaculately maintained, this property can be for your personal use, as an investment property or a hybrid of both! The upgraded kitchen is equipped with granite slab countertops, gas range, pantry and a galley island to enjoy your breakfast at. The living, dining, and kitchen areas offer an open concept floorplan and are ideal for entertaining or spending time with your friends and family. With its prime location on the water, this property presents an excellent opportunity for short-term or seasonal rentals. Low HOA Dues: $300 month, covering cable TV and internet services and amenities include pool, spa, fitness center, game room, and playground. Man-made lake suitable for electric boats, paddle boats, and catch-and-release fishing. Furniture and boat are negotiable outside of escrow. Close proximity to the Golf Club Terra Lago, grocery, shopping and restaurants.

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•4.8mi
Condition Rating
Good
Built in 2006, this property is 18 years old and falls within the 'Good' category's age range. The listing describes it as an 'immaculately maintained' former model home with an 'upgraded kitchen' featuring granite countertops and a gas range. Images confirm a clean, move-in ready condition with desirable features like white kitchen cabinets, stainless steel appliances, hardwood flooring in main living areas, and recessed lighting. While some elements like the bathroom wallpaper or entry tile might not be ultra-modern, they are well-maintained and functional. The presence of solar panels is a significant positive upgrade. The property shows minimal wear and tear and no immediate renovation needs.
Pros & Cons

Pros

Prime Waterfront Location & Panoramic Views: The property boasts a prime location directly on a man-made lake, offering panoramic lake, mountain, and water views, along with unique recreational opportunities like boating and fishing.
Prestigious Guard-Gated Community: Located within the exclusive, guard-gated Terra Lago community, residents benefit from enhanced security and access to extensive amenities including a pool, spa, fitness center, game room, and playground.
Strong Investment & Rental Potential: Explicitly marketed as an excellent opportunity for short-term or seasonal rentals, this versatile property can serve as a personal residence, investment, or a hybrid.
Upgraded & Well-Maintained Home: As a former model home, it features a desirable single-level layout, is immaculately maintained, and includes an upgraded kitchen with granite countertops and an open-concept floorplan.
Favorable Value Proposition: The current listing price of $999,000 is significantly below the estimated property value of $1,141,481, indicating potential for immediate equity or a strong investment return.

Cons

Recurring HOA Dues: While comprehensive, the $300 monthly HOA fee represents a significant ongoing cost that potential buyers must factor into their budget.
Lack of Explicit Cooling System Mention: Given Indio's hot climate, the property description does not explicitly mention a central cooling system, which could be a concern for buyers expecting this essential amenity.
Age of Major Systems: Built in 2006, the property's major systems (e.g., HVAC, water heater, roof) are approaching 18 years old, which may lead to anticipated maintenance or replacement costs in the near future.

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