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84311 Canzone Drive, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath

84311 Canzone Drive, Indio, California 92203 home-pic-0
ACTIVE$1,218,000
84311 Canzone Drive, Indio, California 92203
4Beds
3Baths
1,898Sqft
6,969Lot

Price Vs. Estimate

The estimated value ($864,425.08) is $353,574.92 (29%) lower than the list price ($1,218,000). This property may be overpriced.

Key pros and cons

Top Pros:
High-Performing Short-Term Rental (STR) Potential: Explicitly marketed as a 'high-performing Airbnb rental' with 'immediate short-term rental income and strong cash flow potential,' making it an attractive investment opportunity.
Top Cons:
Significant Overpricing: The current listing price of $1.218M is substantially higher (29% above) the property's estimated market value of $864,425, potentially impacting its investment return or requiring a price adjustment.

Compared to the nearby listings

Price:$1.22M vs avg $570.5K (+$647,500)97%
Size:1,898 sqft vs avg 2,147 sqft35%
Price/sqft:$642 vs avg $274100%

More Insights

Built in 2006 (19 years old).
Condition: The property, built in 2006, is 18 years old and appears to be very well-maintained and move-in ready, aligning with the 'Good' score criteria. The kitchen features white shaker cabinets, stainless steel appliances, and granite countertops, which are functional and in good condition, though the granite style might not be the absolute latest trend. Bathrooms are clean with modern rectangular sinks and tiled showers. Flooring is consistent light wood-look tile throughout, and light fixtures are contemporary. While not extensively renovated within the last 5 years to meet 'excellent' criteria, it shows minimal wear and tear and is in very good condition, suitable for immediate occupancy without major renovations.
Year Built
2006
Close
-
List price
$1.22M
Original List price
$1.22M
Price/Sqft
$642
HOA
$300
Days on market
-
Sold On
-
MLS number
219123793DA
Home ConditionGood
Features
Excellent View: Lake, Mountain(s), Pool
Pool
Spa
Patio
ViewLake, Mountain(s), Pool

About this home

Now Available Individually - Luxury Lakefront Villa in Terra Lago!An incredible opportunity to own a fully furnished, high-performing Airbnb rental in the prestigious gated community of Terra Lago. Previously part of an exclusive bulk portfolio, these luxury lakefront homes are now available for individual sale, offering immediate short-term rental income and strong cash flow potential.This single-story villa spans 1,898 sq. ft., with 4 bedrooms and 3 bathrooms, thoughtfully designed to maximize occupancy and guest satisfaction. Unique backyard gate access between neighboring villas creates a rare setup ideal for hosting large groups and events.Enjoy unobstructed lake and mountain views from your private dock, or relax under the covered patio complete with a ceiling fan, private pool, and spa--tailor-made for outdoor entertaining and serene desert evenings.Perfectly located just minutes from Coachella, Stagecoach, Indian Wells Tennis Garden, and El Paseo, this home benefits from year-round rental demand driven by festivalgoers, vacationers, and business travelers alike.Whether you're expanding your STR portfolio or seeking a personal retreat with rental upside, this is a turnkey investment in one of the desert's top-performing communities.Contact us today for full financials and to inquire about the exclusive opportunity to acquire multiple properties in this sought-after lakefront collection!

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•4.7mi
Condition Rating
Good
The property, built in 2006, is 18 years old and appears to be very well-maintained and move-in ready, aligning with the 'Good' score criteria. The kitchen features white shaker cabinets, stainless steel appliances, and granite countertops, which are functional and in good condition, though the granite style might not be the absolute latest trend. Bathrooms are clean with modern rectangular sinks and tiled showers. Flooring is consistent light wood-look tile throughout, and light fixtures are contemporary. While not extensively renovated within the last 5 years to meet 'excellent' criteria, it shows minimal wear and tear and is in very good condition, suitable for immediate occupancy without major renovations.
Pros & Cons

Pros

High-Performing Short-Term Rental (STR) Potential: Explicitly marketed as a 'high-performing Airbnb rental' with 'immediate short-term rental income and strong cash flow potential,' making it an attractive investment opportunity.
Prime Lakefront Location with Private Dock & Views: Offers a 'Luxury Lakefront Villa' experience with 'unobstructed lake and mountain views from your private dock,' enhancing its appeal and value.
Turnkey & Fully Furnished: The property is 'fully furnished' and presented as a 'turnkey investment,' significantly reducing initial setup costs and effort for a new owner, especially for short-term rentals.
Exceptional Outdoor Entertainment Area: Features a 'private pool, and spa,' 'covered patio with a ceiling fan,' and is 'tailor-made for outdoor entertaining and serene desert evenings,' maximizing guest satisfaction.
Unique Group Accommodation Feature: The 'unique backyard gate access between neighboring villas creates a rare setup ideal for hosting large groups and events,' broadening its market appeal for rental guests.

Cons

Significant Overpricing: The current listing price of $1.218M is substantially higher (29% above) the property's estimated market value of $864,425, potentially impacting its investment return or requiring a price adjustment.
Ongoing Association Fees: A monthly association fee of $300 adds to the recurring costs of ownership, which could impact net rental income or overall affordability for an investor.
Potential for Dated Features/Maintenance: Built in 2006, the property is approaching two decades old, and while described as luxury, no recent major renovations or system upgrades are explicitly mentioned, which might lead to higher maintenance needs or dated aesthetics compared to newer builds.

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