84046 Olona Court, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath
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Indio, California 92203
This property presents a High-Potential Investment Opportunity with a List Price of $515,000—positioned well below the $494,421 Fair Market Value by -4%. While the interior features modern luxury vinyl flooring and a stylish kitchen, the Condition Rating of 3 reflects necessary repairs to the pool and spa. Located in the amenity-rich Terra Lago community, this asset offers significant value-add potential for Buy-and-Hold Investors or Owner-Occupants capable of managing exterior restoration to capture long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84046 Olona Court Subject | $515,000* List Price | 4 | 3 | 2,369 | $209 | - |
A 42871 Incantata Place Active | $525,000 List Price | 4 | 3 | 1,920 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property falls within the 10-20 year age bracket. The interior is well-maintained with modern updates including luxury vinyl flooring and a stylish kitchen, making it move-in ready. However, the score is tempered by the backyard condition, specifically an empty pool and spa requiring significant maintenance and neglected landscaping.
The home features elegant luxury vinyl flooring throughout the first floor and a stylish modern kitchen with a butler's pantry, offering a contemporary and move-in-ready living space.
Located in the desirable Terra Lago subdivision, residents enjoy access to a picturesque lake, scenic walking trails, a clubhouse, a fitness center, and a game room.
Listed at $515,000 despite a previous sale price of $870,000 in 2022, this property offers substantial value-add potential for investors or homeowners looking to build equity.
The backyard pool and spa require significant 'tender loving care' and the pool is currently empty, necessitating immediate capital expenditure after closing.
All four bedrooms are situated on the second floor, which may be a drawback for buyers seeking a ground-floor primary suite or multi-generational living accessibility.
The seller is currently in a multiple offer scenario and requesting Buyer's submit their Best and Final Offer. To participate the Buyer's must submit their highest and best offer by 11 PM, 7/17/2026, 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. USE THE FOLLOWING LINK TO SUBMIT Offer: http://www.spsreo.com/?c=DSR1
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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,369 | 1,953.5 |
| Lot Size | 5,227 | 6,970 |
| Price | $515.0K | $544.5K |
| Price per sq ft | $217 | $281 |
| Built year | 2007 | 2005 |
| HOA | $300.0 | $280 |
| Days on market | 13 | 80 |
Jul 9, 2026
$515,000
Initial Listing
Jan 20, 2022
$870,000
Public Record
May 28, 2021
$650,000
Public Record
Aug 15, 2008
$237,000
Public Record