tomo logo

$1,024,900

Beds
3
Baths
2.25
sq ft
2,157

43218 Bacino Ct, Indio, CA 92203

43218 Bacino Ct

Indio, CA 92203

  • 55 days on market
    • Price drop $100↓
*Luxury Lakeside Retreat with Unmatched Custom Backyard Oasis* One of the highest income producing properties in Terra Lago. This beauty of a home has grossed $220k in verifiable bookings within the last 15 months per financials provided by the property manager. This home is a cash cow that will blow your expectations and be the perfect replacement home for your 1031 tax exchange. If you're a savvy investor and are looking for a winner to supplement your returns, look no further!! Welcome to your dream home, a stunning lakeside sanctuary nestled in the prestigious community of Terra Lago, Indio, CA. This extraordinary property offers one of the best and largest custom backyards on the lake, providing serene views of the iconic European-style bridge and endless shimmering water vistas. With no immediate neighbors behind, you'll enjoy ultimate privacy and tranquility. Step into your private paradise, where a newly designed infinity pool glistens in the sunlight, featuring a luxurious spa that accommodates up to 12 guests, and a breathtaking custom marble waterfall that adds an elegant touch. Beat the desert heat with misters and pool foggers, ensuring comfort all summer long. The expansive backyard boasts multiple seating areas for relaxation, a custom fire pit for cozy evenings under the stars, and a covered patio complete with a bespoke outdoor kitchen, perfect for entertaining family and friends. Inside, the home is nothing short of a masterpiece. The sophisticated and eclectic interior has been creatively designed by a specialized team, showcasing luxury living that is truly one of a kind. With nearly $500k invested in renovations, this home is a unique gem, impossible to replicate. Every corner reflects a harmonious blend of style and comfort, making it the ideal space for both relaxation and entertaining.This property is an exceptional investment opportunity. Situated in a community that allows short-term rentals with no restrictions, it's perfect for those looking to maximize passive income through a 1031 tax exchange. Whether you're an investor or a family seeking a remarkable home for generations to come, this lakeside haven is your answer. Located in the vibrant city of Indio, recognized for its annual Coachella and Stagecoach festivals, you'll be just a few miles from the new Acrisure Arena, the renowned Tennis Gardens, and between two exciting wave parks currently under construction. Don't miss this rare opportunity to own a truly remarkable piece of real estate that combines lakeside beauty with luxury living in the heart of the desert. Schedule your private tour today and experience the unmatched charm and elegance of this exquisite home!

Details

Property type

Single Family Residence

Est. home value

$823,218

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$476

Year built

2006

Monthly HOA fee

$300

Price History

12/03/2024
DesertArea

DesertArea #219119095

Price change
$1,024,900
-0.01%
11/06/2024
DesertArea

DesertArea #219119095

Price change
$1,025,000
-8.89%
10/31/2024
DesertArea

DesertArea #219119095

Listed
$1,125,000
+81.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$516,063
Asking price
$1,024,900
Closing costs (~8% of asking)
-$81,992
Est. remaining loan balance
-$426,845
Cash to seller
$516,063

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citibank Na

Loan start date

April 2021

Original loan amount

$465,000

Est. remaining balance

$426,845

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Marina Brik and Nicole Brik

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 12:15 AM

Listing updated: 12/03/2024 at 10:21 AM

Listed by: David Colin, HomeSmart Phone #: (760) 844-7500

MLS: DesertArea #219119095

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