84046 Olona Court, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath
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Indio, California 92203
This Value-Add Auction Property in the gated Terra Lago community is listed at $560,000, currently positioned near its $534,162 Fair Market Value. Featuring a Condition Rating of 4, the residence offers modern interior updates including luxury vinyl flooring and a butler's pantry. Significant upside exists in restoring the private pool and spa, complemented by resort-style amenities like the 22-acre lake and fitness center. Sold cash-only with no interior access, this asset is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a high-demand rental location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84046 Olona Court Subject | $560,000* List Price | 4 | 3 | 2,369 | $229 | - |
A 84344 Canzone Drive Sold | $510,000 | 4 | 3 | 2,369 | $215 | 0.3 mi |
B 42836 Incantata Place Sold | $521,500 | 4 | 2 | 1,920 | $272 | 0.1 mi |
C 43784 Riunione Place Sold | $665,000 | 5 | 2 | 2,200 | $302 | 0.8 mi |
D 84285 Tramonto Way Active | $588,500 List Price | 4 | 2 | 1,926 | $306 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2007, the property features some modern interior updates including luxury vinyl flooring and a butler's pantry. However, the property is being sold cash-only with no interior access allowed, which suggests potential risks. Furthermore, the private pool and spa are currently empty and require significant 'TLC' and restoration, representing a major non-functional component and deferred maintenance.
The home features elegant luxury vinyl flooring and a stylish modern kitchen, offering a contemporary aesthetic that appeals to today's buyers.
Located in Terra Lago, residents enjoy access to a picturesque lake, clubhouse, fitness center, and scenic walking trails, significantly enhancing the lifestyle value.
With four bedrooms on the upper level and an open-concept first floor including a butler's pantry, the 2,369 sqft floor plan is well-suited for family living.
The property is sold cash-only with no interior access and under auction terms, which limits financing options and increases risk for potential buyers.
The private pool and spa require immediate restoration as the pool is currently empty and both are noted as needing 'tender loving care'.
Welcome to Terra Lago, where vibrant living meets comfort. This updated two-story home features four bedrooms and two and a half baths, perfectly suited for your family's needs. The open-concept layout is enhanced by elegant luxury vinyl flooring that flows seamlessly throughout the first floor. Enjoy the spacious great room, a stylish modern kitchen, a generous dining area, and a convenient butler's pantry, along with an included washer and dryer. All four bedrooms are located on the upper level. Step outside to discover a charming backyard complete with a pool and spa, both of which are in need of some tender loving care (the pool is currently empty). The home also features a two-car garage with direct access. Terra Lago offers a picturesque lake, scenic walking trails, a welcoming clubhouse, a well-equipped fitness center, and a game room.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 4.7 mi
Grades 9-12 • 4.5 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 | 2,369 | 2,112 | 67% |
| Lot Size | 5,227 | 7,841 | 18% |
| Price | $560.0K | $547.5K | 52% |
| Price per sq ft | $236 | $277 | 18% |
| Built year | 2007 | 2006 | 51% |
| HOA | $300.0 | $300 | 50% |
| Days on market | 51 | 181 | 2% |
Mar 3, 2026
$560,000
Initial Listing
Jan 20, 2022
$870,000
Public Record
May 28, 2021
$650,000
Public Record
Aug 15, 2008
$237,000
Public Record