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78250 Cortez Lane, 129, Indian Wells, CA 92210

$325K1bd · 1ba · 576 sqft
Lot 436 sqftHOA $265/moCondominium
Active
118d on marketMLS# 219143029

Property Description

Turnkey Mountain Cove Retreat - Ground Floor Studio with Exclusive Indian Wells Privileges Discover the perfect blend of luxury and convenience in this beautifully updated ground-floor studio at Mountain Cove, Indian Wells' premier guard-gated community. Nestled against the majestic mountain backdrop, this turnkey residence offers an exceptional lifestyle opportunity in the heart of the Coachella Valley. Located just minutes from the renowned Indian Wells Tennis Garden, residents enjoy complimentary tickets to Resident's Day at the BNP Paribas Open along with exclusive discounts at Indian Wells Golf Resort, BNP Paribas Open, and all four Indian Wells resort properties. Throughout the year, Mountain Cove hosts exclusive resident-only events that create a true sense of community behind the 24-hour guard-gated entrance. This move-in ready studio features modern LG appliances throughout and thoughtful upgrades including dimmers in the bathroom, kitchen, and hallway for perfect ambiance. The convenient smart lock entry system adds both security and ease of access. The unit comes fully furnished with limited exclusions, making it an ideal turnkey investment or desert escape. The Mountain Cove community offers three resort-style pools set against meticulously maintained grounds, providing the ultimate desert oasis experience. The location is unbeatable, with world-class dining and shopping at the nearby El Paseo District, plus the Grand Hyatt Indian Wells Resort & Villas and Renaissance Esmeralda Resort & Spa just moments away. For investors, this HOA permits short-term rentals with just a 7-day minimum stay requirement, offering flexibility not found in most Indian Wells communities where 30-day minimums are standard. Experience the ultimate desert lifestyle where resort-style living meets investment potential in one of Indian Wells' most sought-after addresses.

Features & Amenities

Mountain CoveLeaseBuilt 1972

Property Details

Subdivision
Mountain Cove
Land Type
Lease
Year Built
1972
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
0
Garage Spaces
0
Heating
Central, Forced Air
Cooling
Air Conditioning, Central Air
View
Mountain(s)
Flooring
Vinyl
Roof
Common Roof
City
Indian Wells
Zip Code
92210
County
Riverside
Listed byeXp Realty Of Southern California Inc, Peyson Robertson·760-702-4667

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,643.38
Principal & Interest
Loan Amount
$260,000
Total Interest
$331,616
Total Payment Over 30 Years
$591,616
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Mountain Cove

This property is located in Mountain Cove, a community in Indian Wells. Explore more listings in this neighborhood to compare options and pricing.

View Mountain Cove Listings

Comparative Market Analysis

Affordable Tier · 5 active · 0 closed

78250 Cortez Lane, 129, Indian Wells, CA 92210

Mountain Cove · Indian Wells · Condominium · Lease Land

$325K
Affordable Tier
Beds
1
Baths
1
Sqft
576
Lot
436 sqft
Year
1972
$/Sqft
$564
Pool: Yes
Spa: Yes
View: mountain

Comparable sales support the current list price.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $325K· $564/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $279K
+$46K (+16.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $422
+$142 (+33.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
78250 Cortez LaneIndian Wells197211576576$460$265,0002895
50630 Santa Rosa PlazaLa Quinta200411682834$409$279,0003964
50620 Santa Rosa PlazaLa Quinta200411682871$434$296,0003763
78127 Indigo DriveLa Quinta1987117630$360$275,0009862
50760 Santa Rosa PlazaLa Quinta200311682822$447$305,0001662
Total: 5 · Average1.01.0677775.75$422$284,00043.6
Median682$279,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.