$525,000
●
House -
Off Market
85606 Molvena Drive
Indio, CA 92203
2 Beds
2 Baths,
1
Half Bath
2,317 Ft²
$2,927
Est. Monthly
$300
HOA / Fees
5.61%
Cap Rate
About This Property
Owner may Carry the 1st Trust Deed at low rate, for qualified
Buyer! Highly sought after Mirage Trail Model offers 2
bedrooms, 2 1/2 baths, Den. Open Concept Great Room, Dining &
Kitchen. Custom Leaded Glass front door with Formal Entry to
Greet your Guests. Spacious Great Room & Dining...Plenty of room to
Relax & Entertain! Ceramic Tile, Engineered Wood Flooring!
Six Ceiling Fans! Hunter Douglas Shades, Plantation Shutters.
Cooks Kitchen with Upgraded Cabinetry, Granite Counter tops, Island
Bar, Gas Cook Top, Stainless Steel Appliances, Stainless Steel
Fridge is Included! Walk in Pantry. You'll Appreciate the Upgraded
Cabinetry, Prep Space, Plus a Walk in Pantry! Conveniently located
Powder Bath with Pedestal Sink. French Doors Off Dining/Kitchen
area to access Covered Patio w/Ceiling Fan & Pavers. You'll
enjoy your Private Yard, complete w/Built in BBQ grill, Mini Fridge
& above Ground Spa! Primary Bedroom is King Sized with the Bay
Window Upgrade! Primary Bathroom with separate Tub & Shower. Dual
Sink Vanity. Huge Walk in Closet has been Customized!
Secondary En-Suite Bedroom with Ceiling Fan, View of
Santa Rosa Mountains & community Pocket park. Den/Office
located off Hallway... could be utilized as a 3rd Bedroom (add an
Armoire/Closet). Laundry Room with plenty of storage
cabinets, counter top, Washer & Dryer Included! 3 car garage (27ft
11 inches by 21ft, per Builder) Overhead Storage, Plus whole House
Water Filtration! Pavers in Front, Rear Yard! Owner will consider
Turn Key Furnished Outside of Escrow! Owner may consider
Low-Interest Rate Seller Financing! Enjoy all that Four Seasons at
Terra Lago has to offer, The Lodge... offers 22K sq Ft of space for
your Enjoyment, Salon, Game Room, State of the Art Fitness, Flex
Room, Craft Room, Library/Computer room, Banquet Room. Indoor &
Outdoor Pools, Tennis, Pickleball, Basketball, Boccie, Shuffle
board, Horseshoes, Putting Green, miles of walking trails & pocket
parks scattered throughout this Lovely community for your
Enjoyment. Pet friendly! Excellent North Indio Location which
boasts... Shops, Dining, Entertainment, Hiking Trails! Nearby
you'll Enjoy.. Acrissure Arena, Famer's Markets, Medical
facilities!
Unit Size
2,317 Ft²
Days on Market
200 days
Land Size
0.15 acres
Price per sqft
$231
Property Type
House
Property Taxes
-
HOA Dues
$300
Year Built
2018
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #219126950DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Listed by Nilson Realty | $534,900 | |
| Listed by Nilson Realty | |||
| Apr 4, 2024 | No longer available | - | |
| No longer available | |||
| Dec 11, 2023 | Listed by Berkshire Hathaway HomeServices California Properties | $589,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
| | |||
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Welcome to your dream home, a haven of tranquility and luxury! This meticulously crafted 2-bed, 2.5-bath residence, OFFERED FULLY FURNISHED, embodies modern living with exquisite features. The glass front door opens to freshly painted walls, creating a welcoming atmosphere. The master suite is a retreat with Hunter Douglas top-down shades and drapes. Ceramic tile and silhouette blinds grace the living room, dining room, and den, seamlessly blending sophistication with functionality. The gourmet kitchen delights with upgraded cabinets and granite countertops.
French doors lead to a covered patio with a built-in barbecue and refrigerator for outdoor culinary adventures. The rejuvenating hot tub, surrounded by pavers, seamlessly connects indoor and outdoor spaces. For convenience, a whole-house water filtration unit ensures every drop is pure and refreshing. Four Seasons at Terra Lago provides outstanding amenities, including a state-of-the-art fitness center, aerobics/yoga studio, ballroom, beauty salon with a massage room, and an indoor pool.
Outdoors, indulge in a resort-style pool with a spa and cabanas, a bocce ball court, 4 tennis courts, 3 pickleball courts, and a half basketball court. This gated adult community hosts various activities and clubs catering to interests like crafting, games, and more. For information on the PROMOTIONAL LOW-INTEREST RATE OFFERED BY THE SELLER, contact (760) 895-8666. Your dream home awaits! The manager has listed the unit size as 2317 square feet.
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Property Highlights
Garage
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Gracie Nilson, Nilson Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219126950DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219126950DA
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