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A rare opportunity to acquire a proven, high-performing lakefront short-term rental in Terra Lago--positioned for the investor who understands that the best STR acquisitions combine documented revenue, differentiated amenities, a strong depreciation basis, and the ability to perform from day one.This fully established 3-bedroom, 3-bath, 2,157-square-foot lakefront retreat generated $131,000 in verified gross rental revenue in 2025 and is currently on pace to exceed that performance in 2026. Unlike a speculative STR purchase where the buyer must renovate, furnish, build reviews and establish a rental history, this property already has the amenities and proven performance guests are looking for.The outdoor space is the centerpiece: a private saltwater pool and spa, expansive lake and mountain views, commercial-grade misters, lakeside fire pit, built-in BBQ, covered outdoor TV lounge and multiple entertaining areas create a true resort-style guest experience. Inside, the property features an open entertaining layout, custom bar, upgraded finishes, custom TV wall and a private primary-suite balcony overlooking the water. An arcade/game-room component further enhances the property's appeal to vacation-rental guests. The home accommodates up to 10 guests and has been thoughtfully positioned to compete in Indio's event-driven STR market. For investors focused on tax efficiency, the numbers become even more compelling. Public tax records currently allocate approximately $302,757 to land and $706,429 to improvements, meaning roughly 70% of the current assessed value is attributed to improvements rather than non-depreciable land. A buyer should have their CPA and cost-segregation specialist establish the appropriate allocation at acquisition, but the property's substantial building and amenity basis--including the pool, spa, outdoor improvements, furnishings and qualifying components--could make it an attractive candidate for a cost-segregation study and accelerated depreciation, subject to the buyer's individual tax situation.CompassFor a 1031 exchange buyer, this is an opportunity to move equity into an established income-producing vacation rental rather than starting from scratch. For the hybrid buyer, it offers something equally compelling: a lakefront desert residence that can be personally enjoyed while producing meaningful rental income when not in use. And for an investor looking to enter the STR market, the property provides a documented
Property Type(s):
Single Family
| Last Updated | 10/5/2026 | Tract | Terra Lago |
|---|---|---|---|
| Year Built | 2006 | Community | 309 - Indio North of East Valley |
| Garage Spaces | 2.0 | County | Riverside |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Dishwasher, Ice Maker, Microwave, Refrigerator |
| AREA | 309 - Indio North of East Valley |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| HEAT | Central |
| HOA DUES | 285|Monthly |
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 4356 |
| PARKING | Attached, Direct Access, Garage, Garage Door Opener |
| POOL | Yes |
| POOL DESCRIPTION | Private, In Ground, Salt Water |
| STORIES | 2 |
| SUBDIVISION | Terra Lago |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Water |
Location
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