81870 Sandy Court Indio, CA 92201
Listing Courtesy of: CRMLS / Newport Beach / Timothy Smith
$8,995,000
19
BED
11
BATH
10,737
SQFT

  81870 Sandy Court Indio, CA 92201

Active (42 Days)

Description

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.

MLS #:
NP22139700
Lot Size
6.3 acres
Type
Single-Family Home
Year Built
2008
School District
Coachella Valley Unified
County
Riverside County
Bathroom Details
  • Full Bathrooms: 11
Interior Features
  • Laundry: Inside
  • Pantry
  • Laundry: Laundryroom
  • Dishwasher
  • Microwave
  • Refrigerator
  • Freezer
  • Gascooktop
  • Bedroomonmainlevel
  • Builtinrange
  • Walkinpantry
  • Walkinclosets
  • Ceilingfans
  • Recessedlighting
  • Rangehood
  • Windows: Plantationshutters
Lot Information
  • Landscaped
  • Item25unitsacre
  • Lotover40000sqft
Property Features
  • Fireplace: Outside
  • Fireplace: Masterbedroom
Heating and Cooling
  • Central
  • Centralair
Pool Information
  • Private
  • Inground
Homeowners Association Information
  • Dues: $60
Flooring
  • Wood
  • Tile
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Publicsewer
School Information
  • Elementary School: Mountain Vista
  • Middle School: Cahuilla Desert Academy
  • High School: Coachella Valley
Parking
  • Driveway
  • Garage
Stories
  • 1
Living Area
  • 10,737 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Coldwell Banker Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 8/16/22 11:25 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.