$799,000
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.
Mountain Cove
SubDv.
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4
Beds
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6
Baths
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3,582
SqFt.
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ACTIVE
Status
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OC-26193326
MLS
46526 Arapahoe, Indian Wells