Welcome to the ''Celebration Home on the Lake'', located in the highly coveted community of Terra Lago in the City of Festivals, Indio. This one-of-a-kind property is truly a stunning sight to behold, with its breathtaking lakefront location and unparalleled amenities.As one of the only homes in the area with one of the largest backyards on the lake, this property is an entertainer's paradise. You'll enjoy languid afternoons lounging in the custom-built jacuzzi and huge pool with commercial grade misters, while marveling at the panoramic view of the lake and mountains from the comfort of your covered patio.The custom-built BBQ and custom built bar and lakeside firepit make for unforgettable nights of grilling, conversation, and memorable moments. And if you're in the mood for some entertainment, the huge outdoor TV next to the pool provides the perfect backdrop for your favorite movies and shows.This home is perfect for savvy investors looking to generate passive income for years to come with great returns. It's also an ideal substitute for a 1031 tax exchange. The community allows unlimited short-term rental bookings, making it an excellent opportunity for those looking to maximize their ROI. The unit next door is also for sale and can be bought together so you can own a a rare compound with 7 bedroom's and 4 and a half baths, two pools combined for an incredible income producing investment.