Listing Agent: Dick Hamparsumian      Broker/Office: Cooper One Fourteen
46526 Arapahoe Indian Wells CA 92210
$ 850,000
  4   |    6   |    3582 Sq Feet

Listing ID

#OC26193326

Status

Active

Property Type

Condominium

County

Riverside

Neighborhood

Mountain Cove (32514)

Year Built

1980

Days on website

2

Description
46526 & 46528 ARAPAHOE ARE OFFERED TOGETHER AS A UNIQUE TWO-RESIDENCE OPPORTUNITY. BOTH PROPERTIES MUST BE PURCHASED AND CLOSE CONCURRENTLY. SELLER WILL NOT SELL EITHER RESIDENCE SEPARATELY.

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
Financial Information
List Price:  $ 850000
Property Features
Association Amenities:  Management, Pool
Association Fee 2 Frequency:  Monthly
Association Fee Frequency:  Monthly
Common Interest:  Condominium
Community Features:  Golf, Hiking, Pool, Sidewalks
Heating:  Central
High School District:  Desert Sands Unified
Levels:  One
Parking Features:  Garage
Patio And Porch Features:  Deck
Pool Features:  Association, Community
Property Condition:  Fixer
Senior Community YN:  false
Spa Features:  Community
Structure Type:  House
View:  Desert
High School District:  Desert Sands Unified
MLS Area Major:  325 - Indian Wells
City:  Indian Wells
Senior Community YN:  false
Listed By:   Dick Hamparsumian   Cooper One Fourteen 
CA Lic#