84020 Colibri Court, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath
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Indio, California 92203
This Stunning Move-In Ready Home is listed at $895,000, offering a premium lifestyle opportunity within the guard-gated Terra Lago community. Boasting an Excellent Condition Rating after extensive recent renovations, the residence features a Private Pool and Spa, a custom putt-putt course, and Paid Solar for maximum efficiency. While the price is set above the $816,955 Fair Market Value, the property’s "virtually new" status and location within the Desert Sands Unified district near Shadow Hills High School ensure long-term desirability. This is a top-tier choice for Vacation Home Buyers or Owner-Occupants seeking a desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84020 Colibri Court Subject | $895,000* List Price | 4 | 3 | 2,338 | $349 | - |
A 42776 Del Lago Court Sold | $915,000 | 5 | 3 | 2,431 | $376 | 0.5 mi |
B 43784 Riunione Place Sold | $665,000 | 5 | 2 | 2,200 | $302 | 0.9 mi |
C 42417 Lamporo Way Sold | $690,000 | 3 | 3 | 2,554 | $270 | 0.1 mi |
D 43247 Fiore Street Active | $895,000 List Price | 5 | 3 | 2,478 | $361 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2007, this property has undergone extensive recent renovations, including fresh interior and exterior paint, new quartz countertops, a stylish kitchen island, modern cabinets, stainless steel appliances, new flooring, and updated fans/hardware throughout. The kitchen and bathrooms appear virtually new with contemporary finishes and fixtures. The addition of a brand-new pool, jacuzzi, fire pit, and built-in BBQ further enhances its 'virtually new' status, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Explicitly marketed as a 'Turnkey Investment Opportunity' and 'ready to welcome guests immediately,' with a layout and extensive amenities perfectly tailored for profitable short-term rentals.
The property boasts significant recent upgrades including fresh interior/exterior paint, new quartz countertops, a stylish kitchen island, new flooring, modern cabinets, stainless steel appliances, and updated fans/hardware throughout.
The private, pie-shaped backyard is an 'entertainment paradise' featuring a brand-new pool and jacuzzi, a cozy fire pit, a built-in BBQ island, and a fun putt-putt golf course.
Despite being described as 'low' and inclusive of some services, the $325/month association fee is a fixed recurring cost that some buyers may find undesirable or a constraint on their budget.
The property's primary value proposition is heavily tied to its short-term rental potential, which could expose investors to risks from market fluctuations or future changes in local rental regulations, potentially limiting appeal to traditional owner-occupants.
While proximity to festivals and casinos is a draw for renters, it could also mean increased noise, traffic, and crowds during peak event times, which might be a drawback for those seeking a quieter residential experience.
**Turnkey Investment Opportunity in Sought-After Terra Lago!**Attention investors! This is the short-term rental opportunity you've been waiting for! This corner lot home in the guard gated Terra Lago community offers 4 bedrooms and 3 bathrooms with a layout designed for both privacy and flexibility. The primary bedroom is conveniently located on the first floor while guest quarters occupy the second floor, an ideal configuration for families and groups. Recent upgrades include fresh interior and exterior paint, new quartz countertops and a stylish kitchen island, new flooring, modern cabinets, stainless steel appliances, and updated fans and hardware throughout. The added benefit of paid solar keeps operating costs low and profits high.The backyard is where this property truly shines. Situated on a private pie shaped lot, the outdoor space has been designed as an entertainment paradise featuring a brand-new pool and jacuzzi, a cozy fire pit, a built-in BBQ island, and a fun putt-putt golf course that guests of all ages will love. It's the perfect setting for summer gatherings and festival goers looking for a memorable desert retreat.Terra Lago offers an unmatched lifestyle with 24-hour security, a championship 36-hole golf course, a stunning 20-acre recreational lake, and a 10,000 square-foot clubhouse complete with pools and a fitness center. Residents and guests also enjoy a playground and pet park, and the low HOA fees include cable and high-speed internet, a bonus that simplifies your rental operations.North Indio is one of the fastest growing areas in Riverside County, and this location delivers convenience and adventure in equal measure. The home is near the only night golf course in the Coachella Valley, with easy access to hiking trails, nearby casinos, and major freeways. Guests will love being just minutes from the world famous Coachella and Stagecoach festivals.This turnkey property is ready to welcome guests immediately. Don't miss your chance to own a proven performer in one of the desert's most desirable rental communities.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 4.7 mi
Grades 9-12 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,338 | 2,112 | 66% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $895.0K | $547.5K | 90% |
| Price per sq ft | $383 | $277 | 93% |
| Built year | 2007 | 2006 | 51% |
| HOA | $325.0 | $300 | 55% |
| Days on market | 147 | 181 | 34% |
Nov 26, 2025
$895,000
Initial Listing
Apr 26, 2022
$800,000
Public Record
Jan 24, 2022
$515,000
Public Record
Apr 18, 2013
$164,500
Public Record
Jul 10, 2008
$243,000
Public Record