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-bedroom, 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 is on pace to gross over $10,000 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. It represents the perfect opportunity for investors who want a home that they can generate income from, but also enjoy as a vacation retreat.
Property Details
Price:
$846,900
MLS #:
219107775DA
Status:
Active Under Contract
Beds:
4
Baths:
3
Address:
84066 Olona Court
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Terra Lago
City:
Indio
Listed Date:
Mar 1, 2024
State:
CA
Finished Sq Ft:
2,338
ZIP:
92203
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
2007
Schools
Interior
Appliances
Gas Range, Microwave, Refrigerator, Dishwasher
Fireplace Features
Gas, Family Room
Flooring
Carpet, Vinyl
Heating
Central, Natural Gas
Exterior
Association Amenities
Billiard Room, Lake or Pond, Gym/ Ex Room
Fencing
Block
Garage Spaces
2.00
Lot Features
Sprinkler System
Parking Features
Direct Garage Access, Garage Door Opener
Pool Features
In Ground, Pebble, Private
Security Features
24 Hour Security, Gated Community
Spa Features
Heated, Private, In Ground
Stories Total
2
View
Mountain(s)
Financial
Association Fee
300.00
Utilities
Cable Available
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84066 Olona Court
Indio, CA
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