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48482 Red Mountain Place, Coachella, California 92236, Coachella, 92236 - 6 bed, 3 bath

48482 Red Mountain Place, Coachella, California 92236 home-pic-0
ACTIVE$869,999
48482 Red Mountain Place, Coachella, California 92236
6Beds
3Baths
2,940Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($636,082.96) is $233,916.04 (26%) lower than the list price ($869,999). This property may be overpriced.

Key pros and cons

Top Pros:
Premier Outdoor Entertainment Oasis: The property boasts an elaborate backyard with a large pool, spa, waterfall, swim-up bar, sunken BBQ/cabana, putting green, and multiple seating areas, creating a resort-like experience.
Top Cons:
Significant Price Overvaluation: The current listing price of $869,999 is substantially higher than the property's estimated market value of $636,082.96, potentially making it difficult to justify the price to buyers or secure financing.

Compared to the nearby listings

Price:$870.0K vs avg $515.0K (+$354,999)96%
Size:2,940 sqft vs avg 1,938 sqft90%
Price/sqft:$296 vs avg $27961%

More Insights

Built in 2005 (20 years old).
Condition: Built in 2005, this property has undergone extensive recent upgrades, including an 'upgraded' kitchen with stainless steel appliances and granite countertops, a new epoxy garage floor, and advanced smart home technology. The resort-like outdoor area with a large pool, spa, and multiple entertainment zones appears meticulously maintained and virtually new. The 'turn-key' status and 4.9-star Airbnb rating confirm its high quality and readiness, indicating minimal physical depreciation and meeting current quality standards.
Year Built
2005
Close
-
List price
$870K
Original List price
$880K
Price/Sqft
$296
HOA
-
Days on market
-
Sold On
-
MLS number
OC24225172
Home ConditionExcellent
Features
Pool
Spa
Patio
View-

About this home

Incredible 6 bedroom 3 bath house in the sought after La Paloma Estates neighborhood has a breathtaking large pool, spa, waterfall, walk in beach entrance and a swim up pool bar with attached sunken BBQ/Cabana area. 3 hole putting green with beautiful landscaped yard, large oversized covered patio with an eating area and separate couch TV area, firepit, artificial grass area and outdoor lighting. 3 car garage has new epoxy floor and is used as a game room with portable air conditioner. This home has been a lucratic rental property with 4.9 star Airbnb rating the past 3 years with no HOA fees and very short term rental friendly city of Coachella walking distance to the festivals. This home is turn-key for the next lucky investor or homeowner. Kitchen is upgraded with stainless steel appliances, granite counter tops and large walk in pantry. All 6 bedrooms are fully furnished and ready to entertain up to 14 guests. Family room and dining room downstairs and a separate large Family/TV room upstairs. No expense spared with technology, you can control your pool/spa from your phone, as well as watch the 3 video cameras, control the door locks, thermostats, smoke detectors, powerful wifi throughout the house with 2 smart TV's in the backyard and 4 in the house. There are too many upgrades to list them all. You or your guests would never have to leave this 5 star resort!

Nearby schools

3/10
Westside Elementary School
Public,•K-6•4.1mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.2mi
3/10
Coachella Valley High School
Public,•9-12•3.8mi
Condition Rating
Excellent
Built in 2005, this property has undergone extensive recent upgrades, including an 'upgraded' kitchen with stainless steel appliances and granite countertops, a new epoxy garage floor, and advanced smart home technology. The resort-like outdoor area with a large pool, spa, and multiple entertainment zones appears meticulously maintained and virtually new. The 'turn-key' status and 4.9-star Airbnb rating confirm its high quality and readiness, indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Premier Outdoor Entertainment Oasis: The property boasts an elaborate backyard with a large pool, spa, waterfall, swim-up bar, sunken BBQ/cabana, putting green, and multiple seating areas, creating a resort-like experience.
Proven Short-Term Rental Success: With a 4.9-star Airbnb rating over three years, no HOA fees, and walking distance to festivals, this property offers a strong, established income-generating opportunity.
Advanced Smart Home Integration: Comprehensive smart home technology allows remote control of the pool/spa, security cameras, door locks, thermostats, and provides powerful WiFi and multiple smart TVs, enhancing convenience and guest experience.
Turn-Key & Fully Furnished: The home is fully furnished, ready to accommodate up to 14 guests, and described as 'turn-key,' making it immediately habitable or rentable without additional setup costs.
Spacious and Upgraded Interior: Featuring 6 bedrooms, 3 bathrooms, an upgraded kitchen with stainless steel appliances and granite countertops, and multiple living areas, the interior offers ample space and modern finishes.

Cons

Significant Price Overvaluation: The current listing price of $869,999 is substantially higher than the property's estimated market value of $636,082.96, potentially making it difficult to justify the price to buyers or secure financing.
Suboptimal Garage Cooling Solution: The 3-car garage, converted into a game room, relies on a portable air conditioner, which may not provide adequate or efficient cooling for a frequently used space in Coachella's hot climate.
High Ongoing Maintenance Costs: The extensive and luxurious outdoor amenities, while attractive, will necessitate significant ongoing maintenance, water usage, and associated costs, which could be a financial consideration for both owners and potential renters.

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