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84066 Olona Court

Indio, CA 92203
  • $858,900
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 219107775DA
$858,900
  • 4
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,338
    SQFT
  • $367
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2007
County:

School Ratings & Info

Listing Agent(s): David Colin of HomeSmart ((760) 844-7500)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/148210065
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84066 Olona Court Indio, CA 92203

  • Price: $858,900
  • Status: Active
  • On Site: 45 Days
  • ID#: 219107775DA
4
Beds
2
Baths
0
½ Baths
0.12
Acres
2,338
SQFT
$367
$/SQFT
2007
Built
Neighborhood:
Terra Lago
County:
Riverside
Area:
309 - Indio North of East Valley
Property Description
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.
Exterior Features

Attached Garage YN Yes Carport Spaces 0 Fencing Block Lot Features Sprinkler System Open Parking Spaces 2 Parking Features Direct AccessGarageGarage Door Opener Parking Total 4 Pool Features In GroundPebblePrivate Pool Private YN Yes Property Attached YN No Sign On Property YN No Spa Features HeatedIn GroundPrivate Spa YN No View Mountain(s) View YN Yes

Interior Features

Appliances DishwasherGas RangeMicrowaveRefrigerator Cooling YN Yes Fireplace Features Family RoomGas Fireplace YN Yes Flooring CarpetVinyl Heating CentralNatural Gas Heating YN Yes

Property Features

Association Amenities Billiard RoomFitness CenterLake or Pond Association Fee 300 Association Fee Frequency Monthly Association YN Yes Community Features Gated Disclosures Covenants/Restrictions Disclosure Garage YN Yes Inclusions All furnishingsaccessories and electronics Land Lease YN No Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan New Construction YN No Possession Close Of Escrow Property Sub Type Single Family Residence Security Features Gated Community24 Hour Security Senior Community YN No Special Listing Conditions Standard Utilities Cable Available



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): David Colin of HomeSmart ((760) 844-7500)