84297 Canzone Drive, Indio, California 92203, Indio, 92203 - 3 bed, 2 bath

84297 Canzone Drive, Indio, California 92203 home-pic-0
ACTIVE$1,203,000
84297 Canzone Drive, Indio, California 92203
3Beds
2Baths
1,720Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($1,057,358.275) is $145,641.725 (12%) lower than the list price ($1,203,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: The property is marketed as a high-performing Airbnb rental, offered fully turnkey with immediate short-term rental income and exceptional cash flow potential, making it an attractive investment.
Top Cons:
Potential Overpricing: The listing price of $1,203,000 is 12% higher than the estimated property value of $1,057,358, suggesting it may be priced above current market estimations.

Compared to the nearby listings

Price:$1.20M vs avg $570.5K (+$632,500)97%
Size:1,720 sqft vs avg 2,147 sqft23%
Price/sqft:$699 vs avg $274100%

More Insights

Built in 2005 (20 years old).
Condition: Built in 2005, this property has clearly undergone extensive and recent renovations, bringing it to an excellent condition. The kitchen features modern white shaker-style cabinetry, granite countertops, and stainless steel appliances that appear new or recently updated. The bathrooms are particularly impressive, showcasing contemporary marble-look tiling in the spacious walk-in shower, modern vanities with dark granite countertops, and updated light fixtures. Throughout the home, light-colored, wide-plank flooring and modern light fixtures contribute to a fresh, current aesthetic. The property is described as 'fully turnkey' and 'thoughtfully designed,' reinforcing the impression of high-quality, recent upgrades and meticulous maintenance, meeting current quality standards with no visible deferred maintenance.
Year Built
2005
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$699
HOA
$300
Days on market
-
Sold On
-
MLS number
219123794DA
Home ConditionExcellent
Features
Excellent View: Lake, Mountain(s), Pool
Pool
Spa
Patio
ViewLake, Mountain(s), Pool

About this home

Now available for individual sale--furnished luxury lakefront homes in the highly sought-after gated community of Terra Lago! This rare opportunity includes four side-by-side high-performing Airbnb rentals, each with its own unique layout and square footage. These homes are being offered fully turnkey per inventory list, providing immediate short-term rental income and exceptional cash flow potential.Each home is thoughtfully designed to maximize occupancy, enhance the guest experience, and drive rental revenue. With spacious open-concept floor plans, private pools and spas, and stunning lake and mountain views, these properties cater to both relaxation and entertainment. Guests can easily move between homes through backyard gates, creating an ideal setup for large groups, retreats, or multi-family stays.Luxury features include private dock and boat access, four Stage 2 lightning-speed EV chargers, oversized refrigerators in both the kitchen and garage, a gas firepit, and a large outdoor dining area with seating for 12--perfect for gathering and entertaining under the desert sky.Centrally located just minutes from major attractions including Coachella, Stagecoach, Indian Wells Tennis Garden, and the shops and dining of El Paseo, these homes offer consistent year-round rental demand from vacationers and festivalgoers alike.Whether you're looking to expand your short-term rental portfolio or secure a personal retreat with income potential, this is an exceptional chance to acquire a proven, income-generating asset in one of the desert's most desirable investment communities. Contact us today for financials and more information on both individual and bulk sale options.

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,K-51.3mi
4/10
Desert Ridge Academy
Public,6-85.0mi
5/10
Shadow Hills High School
Public,9-124.7mi
Condition Rating
Excellent

Built in 2005, this property has clearly undergone extensive and recent renovations, bringing it to an excellent condition. The kitchen features modern white shaker-style cabinetry, granite countertops, and stainless steel appliances that appear new or recently updated. The bathrooms are particularly impressive, showcasing contemporary marble-look tiling in the spacious walk-in shower, modern vanities with dark granite countertops, and updated light fixtures. Throughout the home, light-colored, wide-plank flooring and modern light fixtures contribute to a fresh, current aesthetic. The property is described as 'fully turnkey' and 'thoughtfully designed,' reinforcing the impression of high-quality, recent upgrades and meticulous maintenance, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: The property is marketed as a high-performing Airbnb rental, offered fully turnkey with immediate short-term rental income and exceptional cash flow potential, making it an attractive investment.
Luxury Amenities & Features: Boasts private pools and spas, private dock and boat access, four Stage 2 EV chargers, oversized refrigerators, a gas firepit, and a large outdoor dining area, enhancing guest experience and rental value.
Prime Location for Tourism: Centrally located minutes from major attractions like Coachella, Stagecoach, and Indian Wells Tennis Garden, ensuring consistent year-round rental demand from vacationers and festivalgoers.
Turnkey & Furnished Offering: Offered fully furnished and turnkey per inventory list, significantly reducing initial setup time and costs for a new owner or investor.
Desirable Views & Gated Community: Features stunning lake and mountain views within the highly sought-after, secure gated community of Terra Lago, adding to its appeal and perceived value.

Cons

Potential Overpricing: The listing price of $1,203,000 is 12% higher than the estimated property value of $1,057,358, suggesting it may be priced above current market estimations.
Ongoing Association Fees: A monthly association fee of $300 adds to the recurring operational costs, which could impact the net profitability for investors or the overall affordability for owner-occupants.
Niche Market Appeal: The strong emphasis on short-term rental performance and group accommodation may narrow the buyer pool, potentially limiting interest from traditional owner-occupant buyers seeking a primary residence.

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