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43265 Passagio Lago Way, Indio, CA 92203

Sale Price: $722,500
Jun 17, 20242,416 sqft5 beds3 baths
Listed by: David Colin
License #: 01710306
Phone #: (760) 702-4908
HomeSmart
Source:
CRMLS Logo
MLS #: 219113088DA

Property Description

Sellers loss is your gain!! Major price reduction!!! Experience the best of both worlds with this brand new, fully furnished home located just across the street from the serene lake with breathtaking mountain and lake views. This stunning home is perfect for those seeking short-term rental investment opportunities, as it is located within the highly sought-after Terra Lago community that allows unlimited short-term rental bookings.Designed with the utmost attention to detail, this home features custom blinds throughout, designer furnishings, electronics, and a game room that can also be converted into an additional bedroom. The exquisite kitchen boasts quartz countertops, a custom backsplash and overlooks the stunning family room, making it perfect for entertaining.Step outside to the brand new modern pool and spa with a dual spillway, custom firepit, custom BBQ area and porch area, and enjoy the picturesque views that surround you. In the master bedroom, you'll find an elegant balcony with spectacular western mountain views. Did I mention that this property comes with solar paid for for the next 20 years!! You'll have hundreds a month on your electricity bills!Located in Indio, the city of festivals, this home is sure to provide a luxurious and comfortable lifestyle. If you're looking for a lucrative investment opportunity, this property can easily generate an instant cash flow with a very attractive cap rate for those in search of a 1031 tax exchange.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,478

TurboHome Estimated Value

$719,200

$298 sqft

High Valuation
$755,160
$313/sqft
Normal Valuation
$719,200
$298/sqft
Low Valuation
$683,240
$283/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$298/sqft$719,200

Neighborhood: Terra Lago

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Comparative Value

$630K

$695K

$723K

$740K

$800K

$968K

84460 Malora Ct, Indio, CA 92203

Sale Price: $629,990

Selected Comparable

84451 Corvo Ln, Indio, CA 92203

Sale Price: $695,000

Selected Comparable

43265 Passagio Lago Way, Indio, CA 92203

Sale Price: $722,500

Selected Comparable

43265 Passagio Lago Way, Indio, CA 92203

List Price: $739,900

Subject Property

43118 Fiore St, Indio, CA 92203

Sale Price: $800,000

Selected Comparable

43208 Portuale Ct, Indio, CA 92203

Sale Price: $968,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
43265 Passagio Lago Way, Indio, CA 92203

43265 Passagio Lago Way, Indio, CA 92203

List: $739,900

Listed: 6/17/2024

Area:2,416 sqft
Price/sqft:$306
Beds:5
Baths:3
Year Built:
Lot Size:3,920

Comparable Properties

COMPARABLE
Choose comps
43118 Fiore St, Indio, CA 92203

43118 Fiore St, Indio, CA 92203

Sale: $800,000

7/23/20250.07 mi

Area:2,697 sqft
Price/sqft:$297
Beds:5
Baths:3
Year Built:
Weight:22.9%
43265 Passagio Lago Way, Indio, CA 92203

43265 Passagio Lago Way, Indio, CA 92203

Sale: $722,500

11/8/20240.00 mi

Area:2,416 sqft
Price/sqft:$299
Beds:5
Baths:3
Year Built:
Weight:22.4%
43208 Portuale Ct, Indio, CA 92203

43208 Portuale Ct, Indio, CA 92203

Sale: $968,000

9/20/20240.27 mi

Area:2,416 sqft
Price/sqft:$401
Beds:5
Baths:4
Year Built:
Weight:18.9%
84451 Corvo Ln, Indio, CA 92203

84451 Corvo Ln, Indio, CA 92203

Sale: $695,000

4/21/20250.31 mi

Area:2,772 sqft
Price/sqft:$251
Beds:5
Baths:4
Year Built:
Weight:18.2%
84460 Malora Ct, Indio, CA 92203

84460 Malora Ct, Indio, CA 92203

Sale: $629,990

6/16/20250.38 mi

Area:2,084 sqft
Price/sqft:$302
Beds:4
Baths:3
Year Built:
Weight:17.6%

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