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… Read More 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.
Compass
For 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 operating history and an established guest-oriented amenity package.
Located within gated Terra Lago, adjacent to the golf course and minutes from the attractions and major events that drive Coachella Valley tourism, this is more than a furnished vacation home--it's an opportunity to acquire a proven hospitality asset with six-figure gross revenue, significant depreciable improvements, and continued upside. Read Less
Listing courtesy of HomeSmart.David Colin760-702-4908
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Based on information from the California Desert Association of REALTORS® as
of . All data, including all measurements
and calculations of area, is obtained from various sources and has not been, and
will not be, verified by broker or MLS. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information
Source: Desert Association of REALTORS Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.