84020 Colibri Court, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath
84020 Colibri Court
Indio, California 92203
Property Price
SUMMARY
Analysis of 84020 Colibri Court, Indio, California 92203 reveals a property with a current list price of $895,000, which is 13% above the estimated $789,066 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Indio Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $337 | - |
A 42776 Del Lago Court Sold | $915,000 | 5 | 3 | 2,431 | $376 | 0.5 mi |
B 84153 Novello Drive Sold | $690,000 | 4 | 3 | 2,553 | $270 | 0.1 mi |
C 42417 Lamporo Way Sold | $690,000 | 3 | 3 | 2,554 | $270 | 0.1 mi |
D 83417 Stagecoach Road Sold | $730,000 | 4 | 4 | 2,710 | $269 | 0.6 mi |
E 42871 Beato Drive Sold | $1,060,000 | 4 | 3 | 2,338 | $453 | 0.3 mi |
F 42795 Ponte Court Active | $699,000 List Price | 4 | 3 | 2,472 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Short-Term Rental Investment
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.
- Extensive Recent Upgrades
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.
- Exceptional Outdoor Entertainment Space
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.
CONSRISKS & DEFICIENCIES
- Ongoing HOA Fees
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.
- High Reliance on Short-Term Rental Market
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.
- Potential for Noise/Crowds from Nearby Attractions
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.
About 84020 Colibri Court
**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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $325.0 / Month
Neighborhood Insights
Indio Unified Schools
Dwight Eisenhower Elementary School
Grades K-5 • 1.2 mi
Desert Ridge Academy
Grades 6-8 • 4.7 mi
Shadow Hills High School
Grades 9-12 • 4.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,338 | 2,112 | 67% |
| Lot Size | 7,841 | 7,405 | 52% |
| Price | $895.0K | $550.0K | 90% |
| Price per sq ft | $383 | $278 | 93% |
| Built year | 2007 | 2006 | 50% |
| HOA | $325.0 | $300 | 58% |
| Days on market | 102 | 185 | 13% |
Pricing History
Listed for Sale
Nov 26, 2025
$895,000
Initial Listing
Sold
Apr 26, 2022
$800,000
Public Record
Sold
Jan 24, 2022
$515,000
Public Record
Sold
Apr 18, 2013
$164,500
Public Record
Sold
Jul 10, 2008
$243,000
Public Record