78250 Cortez Lane, 140, Indian Wells, CA 92210
78250 Cortez Lane, 140, Indian Wells, CA 92210
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!
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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 ListingsComparative Market Analysis
Affordable Tier · 5 active · 3 closed
Mountain Cove · Indian Wells · Condominium · Lease Land
Listed 5.5% above the median closed sale of $275,000. Closed comps sold at 94% of list — buyers have negotiating leverage.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 77845 California Drive | Palm Desert | 1973 | 1 | 1 | 750 | 0 | $240 | $180,000 | 5 | 70 |
| 50730 Santa Rosa Plaza | La Quinta | 2003 | 1 | 1 | 682 | 819 | $438 | $299,000 | 18 | 67 |
| 78650 Avenue 42 | Bermuda Dunes | 1988 | 1 | 1 | 760 | 714 | $288 | $219,000 | 34 | 65 |
| 50650 Santa Rosa Plaza | La Quinta | 2004 | 1 | 1 | 682 | 838 | $409 | $279,000 | 11 | 65 |
| 50670 Santa Rosa | La Quinta | 2004 | 1 | 1 | 683 | 830 | $432 | $295,000 | 271 | 64 |
| Total: 5 · Average | 1.0 | 1.0 | 711.4 | 800.25 | $361.4 | $254,400 | 67.8 | |||
| Median | 683 | $279,000 | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78225 Cortez Lane | Indian Wells | 1972 | 08/25/2026 | 1 | 1 | 576 | 534 | $295,000 | $275,000 | $477 | 0.93 | 46 | 96 |
| 78250 Cortez Lane | Indian Wells | 1972 | 08/14/2026 | 1 | 1 | 576 | 576 | $265,000 | $245,000 | $425 | 0.93 | 96 | 96 |
| 78155 Cabrillo Lane | Indian Wells | 1972 | 06/30/2026 | 1 | 1 | 576 | 0 | $360,000 | $345,000 | $599 | 0.96 | 0 | 95 |
| Total: 3 · Average | 1.0 | 1.0 | 576 | 555 | $288,333.333 | $288,333.333 | $500.333 | — | 47.333333333333336 | ||||
| Median | 576 | $275,000 | $275,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.