81870 Sandy Ct

Key Details

Overview

81870 Sandy Court, Indio, CA 92201 (MLS # NP22139700)

(all data current as of 12/5/2022)
Price $8,995,000
Beds 19
Baths 11 Baths
Home size 10,737 sqft
Lot Size 6.30 ac
Days on Market 154
Status Active
Exceptional multi-generation compound with significant income opportunity. With high-end rental properties becoming more and more desirable in today’s market, Indio’s prized Strut Oasis presents a once-in-a-lifetime opportunity to capitalize on current trends and reap tremendous rewards. Discover five contiguous properties spanning over six acres near Coachella’s festival grounds at the Empire Polo Club, which hosts the world-famous Coachella and Stagecoach music festivals. Two luxurious rental homes are currently on pace to produce over $900,000 in annual rental income; a third home offers renovation opportunities; and two additional rental homes can be built on large lots to increase total annual rental income to more than $2 million, per current projections. The homes provide above-market rental income during festivals and at-market rental income throughout the rest of the year. With their enviable proximity to events attended by more than 100,000 people, the Strut Oasis offers a unique opportunity to enjoy and grow a very profitable rental income stream. Properties at the compound include 81870 Sandy Ct. with a 57,499 SF lot and a remodeled 7-bedroom, 5-bath home of 4,497 SF; 81871 Sandy Court with a 57,499 SF lot and a remodeled 7-bedroom, 3-bath home of 3,453 SF; 48755 Southview Pl. with a 57,000 SF lot and a 5-bedroom, 3-bath home of 2,786 SF; 48753 Southview Pl. spanning 43,560 SF; and lot 1 APN: 616-370-080,081-083, which measures 43,560 SF. All measurements are approximate. Resort-caliber amenities vary per property and include large swimming pools, spas, sand volleyball, romantic open-air fireplaces, a putting green, hammocks, on-trend interior design, exquisite finishes and fixtures, state-of-the-art audio and video, billiards, top-tier linens, sprawling lawns, generous garage and driveway parking, and open-concept floor plans. Two side-by-side villas can be rented together to combine the cul-de-sac properties into one large estate featuring a total of 14 bedrooms, 8 bathrooms, nearly 8,000 square feet of interior space, and approximately 2.6 acres of resort grounds. Tickets for 2023's Coachella Valley Music and Arts Festival are already selling, making this the ideal time to make the fabulous Strut Oasis your very???????????????????????? own.

Property Type(s): Single Family

Last Updated 7/12/2022 Tract
Year Built 2008 Community Indio South of East Valley
Garage Spaces 8.0 County Riverside
Total Parking n/a

Schools

School District Coachella Valley Unified
Elementary School Mountain Vista
Jr. High School Cahuilla Desert Academy
High School Coachella Valley

Additional Details

Lot 6.3 acre(s) Area Indio South of East Valley
HOA Dues 60 Parking Driveway,Garage
Pool Description In Ground,Private Sewer Public Sewer
Stories 1 Utilities Electric: Photovoltaics Seller Owned,Standard
View Description None Water Public

Features

Air Central Air
Air Conditioning Yes
Amenities Management
Appliances Built-In Range, Dishwasher, Freezer, Gas Cooktop, Microwave, Range Hood, Refrigerator
Exterior Barbecue, Fire Pit, Lighting, Sport Court
Fireplace Yes
Garage Driveway, Garage, Yes
Heat Central
Interior Bedroom on Main Level, Ceiling Fan(s), Pantry, Recessed Lighting, Walk-In Closet(s), Walk-In Pantry
Lot Description 2-5 Units/Acre, Landscaped, Lot Over 40000 Sqft
Pool Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Tim Smith CalDRE: 01346878 | 949.478.2295, Coldwell Banker Realty

(view all details for MLS #NP22139700)

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