84020 Colibri Court, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath

84020 Colibri Court, Indio, California 92203 home-pic-0
ACTIVE$895,000
84020 Colibri Court, Indio, California 92203
4Beds
3Baths
2,338Sqft
7,841Lot
Year Built
2007
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$383
HOA
$325
Days on market
-
Sold On
-
MLS number
219139291DA
Home ConditionExcellent
Features
Good View: Desert, Peek-A-Boo, Pool
Pool
Spa
Patio
ViewDesert, Peek-A-Boo, Pool

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $895.0K(91th), sqft - 2338(62th), beds - 4(66th), baths - 3(50th).

**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.

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,K-51.2mi
4/10
Desert Ridge Academy
Public,6-84.7mi
5/10
Shadow Hills High School
Public,9-124.4mi

Price History

Date
Event
Price
11/26/25
Listing
$895,000
04/26/22
Sold
$800,000
01/24/22
Sold
$515,000
04/18/13
Sold
$164,500
07/10/08
Sold
$243,000
Condition Rating
Excellent

Built in 2007, this property has undergone extensive recent renovations, bringing it to a virtually new condition. The description explicitly states '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 images confirm a fully modernized kitchen with white shaker cabinets, white quartz countertops, a large island, and stainless steel appliances. Bathrooms also appear updated with modern vanities, sinks, and subway tile. The addition of a 'brand-new pool and jacuzzi' further solidifies its excellent condition, indicating significant investment within the last 5 years, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Turnkey Investment Opportunity: This property is explicitly marketed as a 'turnkey investment opportunity' ideal for short-term rentals, ready to welcome guests immediately, making it highly attractive to investors.
Extensive Recent Upgrades: The home boasts significant recent renovations including fresh interior/exterior paint, new quartz countertops, a stylish kitchen island, new flooring, modern cabinets, stainless steel appliances, and updated fans/hardware, minimizing immediate maintenance for a new owner.
Exceptional Outdoor Entertainment Space: The private, pie-shaped backyard is a true highlight, featuring a brand-new pool and jacuzzi, a cozy fire pit, a built-in BBQ island, and a fun putt-putt golf course, perfect for guest entertainment.
Premium Community Amenities & Location: Located in the guard-gated Terra Lago, residents and guests benefit from 24-hour security, a championship 36-hole golf course, a 20-acre recreational lake, a 10,000 sqft clubhouse with pools and fitness center, playground, pet park, and low HOA fees including cable/internet. Its North Indio location is fast-growing and close to major festivals, night golf, hiking, and casinos.
Cost-Saving Paid Solar: The inclusion of paid solar significantly reduces operating costs, enhancing profitability for a rental investment and providing long-term savings for any owner.

Cons

Aggressive Pricing: The current list price of $895,000 is approximately 12% higher than the estimated property value of $784,188.725, which may indicate an aggressive pricing strategy and could limit buyer interest or require a price adjustment.
Potential for Festival-Related Disruptions: While proximity to world-famous Coachella and Stagecoach festivals is a draw for renters, it can lead to increased noise, traffic, and crowds during peak seasons, potentially impacting the tranquility for residents or long-term occupants.
High Turnover/Transient Community: As a property explicitly geared towards short-term rentals and festival-goers, the community may experience a higher transient population, which might not appeal to all potential buyers seeking a stable, long-term residential environment.

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