84297 Canzone Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 26, 2026 | Listed by BPO Homes | $975,000 | |
| Listed by BPO Homes | |||
| Dec 30, 2025 | Price Decreased |
$850,000
↓ $250K
(22.7%) | |
| Price Decreased | |||
| Oct 24, 2025 | Listed | $1,100,000 | |
| Listed | |||
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There's something special about waking up to water and mountains in the desert--and this lakefront home in the gated community of Terra Lago captures that feeling beautifully. Designed for effortless living and memorable weekends, this 3-bedroom, 2-bath retreat offers the perfect balance of relaxation, style, and income potential.Inside, the open-concept layout feels bright, welcoming, and easy to live in. Comfortable living spaces flow seamlessly into the backyard, making it ideal for entertaining, hosting guests, or simply enjoying quiet mornings with a cup of coffee. The kitchen is designed for gathering, featuring granite countertops, stainless steel appliances, and plenty of space to cook, connect, and enjoy the moment. Offered furnished per inventory list, the home is truly turnkey--ready for immediate enjoyment or short-term rental use.Step outside and the home transforms into your own private desert oasis. A sparkling pool and spa invite you to unwind, while the firepit lounge and outdoor dining area create the perfect setting for evenings under the stars. With private dock access and uninterrupted lake and mountain views, every day feels like a getaway.Located just minutes from the world-famous Coachella and Stagecoach festivals, the Indian Wells Tennis Garden, and the shopping and dining of El Paseo, this home sits in a prime location for year-round demand. Whether guests are visiting for festivals, golf, tennis, or sunshine-filled weekends, Terra Lago remains one of the desert's most desirable destinations.Whether you're expanding your short-term rental portfolio, searching for a personal desert escape, or looking for a home that offers both lifestyle and income, this lakefront Terra Lago property delivers the experience buyers are searching for.
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| Jan 29, 2025 | Listed | $1,203,000 | |
| Listed | |||
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Now available for individual sale--furnished luxury lakefront homes in the highly sought-after gated community of Terra Lago! This rare opportunity includes four side-by-side high-performing Airbnb rentals, each with its own unique layout and square footage. These homes are being offered fully turnkey per inventory list, providing immediate short-term rental income and exceptional cash flow potential.Each home is thoughtfully designed to maximize occupancy, enhance the guest experience, and drive rental revenue. With spacious open-concept floor plans, private pools and spas, and stunning lake and mountain views, these properties cater to both relaxation and entertainment. Guests can easily move between homes through backyard gates, creating an ideal setup for large groups, retreats, or multi-family stays.Luxury features include private dock and boat access, four Stage 2 lightning-speed EV chargers, oversized refrigerators in both the kitchen and garage, a gas firepit, and a large outdoor dining area with seating for 12--perfect for gathering and entertaining under the desert sky.Centrally located just minutes from major attractions including Coachella, Stagecoach, Indian Wells Tennis Garden, and the shops and dining of El Paseo, these homes offer consistent year-round rental demand from vacationers and festivalgoers alike.Whether you're looking to expand your short-term rental portfolio or secure a personal retreat with income potential, this is an exceptional chance to acquire a proven, income-generating asset in one of the desert's most desirable investment communities. Contact us today for financials and more information on both individual and bulk sale options.
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| Nov 2, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017