Listed by Tim Smith, Coldwell Banker Realty,

81870 Sandy Court

Indio, CA, 92201

$8,995,000

$837 per ft²
$8,995,000
$837 per ft²
Active
Active
 - For Sale
carpenters-square
10,737 ft²
property_type
Residential
calendar
Built 2008
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® ID:
NP22143859
Listed:
6/16/22
Updated:
8/20/22

Interior Features

Kitchen Appliances
Built-In Range, Dishwasher, Freezer, Gas Cooktop, Microwave, Refrigerator, Range Hood
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s), Pantry, Recessed Lighting, Walk-In Pantry, Walk-In Closet(s)
Laundry Description
Inside, Laundry Room
Floor Description
Tile, Wood
Fireplace
Master Bedroom, Outside
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
6.3 acres lot
Exterior Features
Barbecue, Lighting, Fire Pit, Sport Court
Lot Details
2-5 Units/Acre, Lot Over 40000 Sqft, Landscaped
Sewer
Public Sewer

Other Property Details

Area Name
314 - Indio South of East Valley
HOA Fee
$60
HOA Frequency
per MONTH
HOA Amenities
Management
Garage
Yes
Garage Spaces
8
Parking
Driveway, Garage
Parking Total
8.0
View
Y
County
Riverside
Water Source
Public
Pool
Yes
Pool Description
In Ground, Private
Total Stories
1

 

Listed by Tim Smith, Coldwell Banker Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/20/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 5:42 AM UTC, 8/20/22

Contact