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Sold for $722,500 on 11/08/24
  • Listing Provided by: 

    David Colin DRE #01710306 760-844-7500,

    HomeSmart

    Bought with: Keller Williams Luxury Homes
    $722,500

    43265 Passagio Lago Way, Indio, CA 92203

    5beds
    2,416sqft
    Single Family Residence
    Built in 2021
    3,920 Square Feet Lot
    $712,400 Zestimate®
    $299/sqft
    $5,155 Estimated rent

    Home value

    $712,400

    $641,000 - $791,000

    $5,155/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 06:28pm

    Listing Provided by:

    David Colin DRE #01710306 760-844-7500,

    HomeSmart

    Bought with:

    Lori Halleck, DRE #01103534

    Keller Williams Luxury Homes

    Source: CRMLS,MLS#: 219113088DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Central, Natural Gas
    Cooling
    • Has cooling: Yes
    Appliances
    • Included: Dishwasher, Refrigerator
    Features
    • Flooring: Carpet, Tile
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,416 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Driveway
    • Attached garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Has private pool: Yes
    • Pool features: In Ground, Private
    • Spa features: In Ground, Private
    • Fencing: Block
    • Has view: Yes
    • View description: Lake, Mountain(s)
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 3,920 sqft
    Details
    • Parcel number: 696070024
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2021

    Community & neighborhood

    Security
    • Security features: Gated Community, 24 Hour Security
    Community
    • Community features: Gated
    Location
    • Region: Indio
    • Subdivision: Terra Lago

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $300 monthly
    • Amenities included: Fitness Center, Lake or Pond, Picnic Area, Playground

    Other

    Other facts
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    11/8/2024Sold$722,500-2.4%$299/sqft
    Source: CRMLS #219113088DA
    11/8/2024Pending sale$739,900$306/sqft
    Source: CDAR/ Desert Area MLS #219113088
    9/28/2024Contingent$739,900$306/sqft
    Source: CDAR/ Desert Area MLS #219113088
    8/21/2024Price change$739,900-2.6%$306/sqft
    Source: CDAR/ Desert Area MLS #219113088
    7/25/2024Price change$759,900-5%$315/sqft
    Source: CDAR/ Desert Area MLS #219113088

    Public tax history

    YearProperty taxesTax assessment
    2025$11,777 +14.8%$722,500 +14.8%
    2024$10,256 +52.7%$629,298 +67.4%
    2023$6,715 +152.5%$375,900 +401.2%

    Find assessor info on the county website

    Neighborhood: 92203

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $712,400
    2% more+ $14,248
    With Zillow Showcase(estimated)
    $726,648