46526 Arapahoe Indian Wells, CA 92210
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 3,582 sqft
Price per Sqft $237
Subdivision Mountain Cove (32514)
MLS Listing ID OC26193326
Bedrooms 4
Full Baths 6
Construction Status Fixer
HOA Fees $1,062/mo
HOA Y/N Yes
Land Lease Amount 7024.0
Year Built 1980
Property Sub-Type Condominium
Property Description
A rare opportunity in Indian Wells to acquire two adjoining condominium residences currently physically configured and utilized as one expansive home. Together, 46526 and 46528 Arapahoe comprise approximately 3,582 square feet, based upon approximately 1,791 square feet attributed to each condominium, creating exceptional space for guests, entertaining and large gatherings. The residences are presently connected by an interior hallway between the two units, allowing the properties to function together as one home. At the same time, each condominium remains a separately titled real property interest with its own distinct street address, APN and legal description. The separate legal interests provide a future owner with the opportunity to explore restoration to two individual residences, subject to buyer investigation and all applicable HOA, City, permitting, governmental and other requirements or approvals. The properties present an outstanding opportunity for renovation and customization as a substantial Indian Wells residence or for a buyer to explore restoration of the original two-residence configuration. Both residences enjoy golf course views. The residences are being offered in their present as-is condition and reflect significant deferred maintenance and the need for renovation. Each condominium is situated on leased land under its own separate ground lease. Buyer to independently review and approve all applicable ground leases, HOA documents, title documents and property documentation. The ground leases expire November 30, 2069. Ground rent is subject to a scheduled adjustment effective January 1, 2028 pursuant to the fair-market-value appraisal provisions of the applicable ground leases. New roof completed in 2026. Seller and brokers make no representation regarding the feasibility, cost or approval of any future separation or reconfiguration.
Location
State CA
County Riverside
Area 325 - Indian Wells
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air, ENERGY STAR Qualified Equipment
Fireplaces Type Living Room
Fireplace Yes
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool Community, Association
Community Features Golf, Hiking, Sidewalks, Pool
Amenities Available Controlled Access, Maintenance Grounds, Management, Maintenance Front Yard, Pool, Spa/Hot Tub
View Y/N Yes
View Desert, Golf Course, Mountain(s)
Porch Deck
Total Parking Spaces 4
Private Pool No
Building
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Construction Status Fixer
Schools
School District Desert Sands Unified
Others
HOA Name Indian Wells Racquet Club #1
Senior Community No
Tax ID 643050016
Security Features Gated with Attendant
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Lease Land Yes
NEARBY SCHOOL & BUSINESS
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