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78250 Cortez Lane, 140, Indian Wells, CA 92210

$310K1bd · 1ba · 576 sqft
Lot 0 sqftHOA $264/moCondominium
Active
64d on marketMLS# 00-26836147

Property Description

Welcome to your very own paradise in beautiful Indian Wells! This second floor studio condo features a large private covered patio, stunning mountain views, an office work station (which could be converted to a laundry room), generous bath, cozy kitchen, an extended walk-in closet w/ built-ins, well thought-out custom architectural features including cathedral ceilings, a storage loft, and ensconced lighting. The recent installation of a NEW HVAC system brings added value to this clear winner. Uniquely positioned at the end of a quiet cul de sac, the home is effortlessly close to one of three heated community pools. The well curated community of Mountain Cove sits behind a guarded gate just off Highway 111. It's conveniently located near everything Indian Wells & La Quinta have to offer including shopping, restaurants, Old Town, the Tennis Gardens, Coachella & Stagecoach Music Festivals, and more! You and your guests will appreciate the handy community EV charging station as well, not far from the unit. Relaxed rental guidelines allow for short term rentals with just a 7 day minimum. Pets are also welcome, with some restrictions (two pets, 50 lbs each). The low monthly HOA fee of only $264 includes water, trash, community amenities, including use of the gym at the local Hyatt Regency, local golf & restaurant discounts and more. Ground lease doesn't expire until November 30, 2069. Schedule your tour today!

Features & Amenities

Mountain CoveLeaseBuilt 1972

Property Details

Subdivision
Mountain Cove
Land Type
Lease
Year Built
1972
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air
View
Mountain(s), Pool
Flooring
Carpet, Tile
City
Indian Wells
Zip Code
92210
County
Riverside
Listed byHousing Solutions Realty, Larry LaFond

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,567.02
Principal & Interest
Loan Amount
$247,920
Total Interest
$316,208
Total Payment Over 30 Years
$564,128
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, 140, Indian Wells, CA 92210

Mountain Cove · Indian Wells · Condominium · Lease Land

$310K
Affordable Tier
Beds
1
Baths
1
Sqft
576
Lot
0 sqft
Year
1972
$/Sqft
$538
Pool: Yes
View: mountain

Comparable sales support the current list price.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $310K· $538/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $295K
+$15K (+5.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $445
+$93 (+20.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
78225 Cortez LaneIndian Wells197211576534$512$295,0001096
50630 Santa Rosa PlazaLa Quinta200411682834$403$275,0008266
50610 Santa Rosa PlazaLa Quinta2004116820$438$299,0002664
50590 Santa RosaLa Quinta200411682682$425$289,900564
50760 Santa Rosa PlazaLa Quinta200311682822$447$305,0005864
Total: 5 · Average1.01.0660.8718$445$292,78036.2
Median682$295,000

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.