Listing by: David Colin, HomeSmart
4 Beds
3 Baths
2,338 SqFt
Active
'Back on market, no fault of the seller. After multiple offers, one buyer's loss is your gain!' Welcome to the coveted community of Terra Lago located in the City of Festivals, Indio CA! This is your chance to own a stunning designer furnished 4-be8droom, 2 and half bath home in the only guard-gated lake community in the Coachella Valley that allows short-term rentals with no restrictions. Step inside and be wowed by this home's newer interior and exterior paint, appealing newer flooring, custom shower, and upgraded newer pool with spa and firepit. The floorplan optimizes space, providing a feeling of spaciousness that belies the square footage. This home comes with all the bells and whistles that you would expect in a premium and successful short term rental. This home grossed $10,000 for the month of March and gross over $15,000 of income for April! With a putting green and minimal maintenance backyard , this home will take your breath away. As a bonus, this property is priced to sell in todays market, making it a steal in comparison to other similar properties in the area. This home is positioned for savvy investors who want to invest in the growing Coachella Valley and benefit from the area's continued development. In fact, this home offers unlimited potential passive income through short-term rentals and is an excellent 1031 tax exchange property.
Property Details | ||
---|---|---|
Price | $846,800 | |
Bedrooms | 4 | |
Full Baths | 2 | |
Half Baths | 0 | |
Total Baths | 3 | |
Lot Size Area | 5227 | |
Lot Size Area Units | Square Feet | |
Acres | 0.12 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 2 | |
Year Built | 2007 | |
Subdivision | Terra Lago | |
View | Mountain(s) | |
Heating | Central,Natural Gas | |
Lot Description | Sprinkler System | |
Pool features | In Ground,Pebble,Private | |
Parking Description | Direct Garage Access,Garage Door Opener | |
Parking Spaces | 4 | |
Garage spaces | 2 | |
Association Fee | 300 | |
Association Amenities | Billiard Room,Lake or Pond,Gym/Ex Room | |
Geographic Data | ||
Directions | Google Maps Cross Street: Terra Lago PKWY. | |
County | Riverside | |
Latitude | 33.739278 | |
Longitude | -116.198185 | |
Market Area | 309 - Indio North of East Valley | |
Address Information | ||
Address | 84066 Olona Court, Indio, CA 92203 | |
Postal Code | 92203 | |
City | Indio | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | HomeSmart | |
Listing Agent | David Colin | |
Buyer Agency Compensation | 2.500 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 66 | |
MLS Status | Active | |
Listing Date | Mar 1, 2024 | |
Listing Last Modified | May 6, 2024 | |
Tax ID | 696020062 | |
MLS Area | 309 - Indio North of East Valley | |
MLS # | 219107775DA |
This information is believed to be accurate, but without any warranty.