84020 Colibri Court, Indio, CA 92203
84020 Colibri Court, Indio, CA 92203
Property Description
**Turnkey Investment Opportunity in Sought-After Terra Lago!** Attention investors! This is the short-term rental opportunity you've been waiting for! This corner lot home in the guard gated Terra Lago community offers 4 bedrooms and 3 bathrooms with a layout designed for both privacy and flexibility. The primary bedroom is conveniently located on the first floor while guest quarters occupy the second floor, an ideal configuration for families and groups. Recent upgrades include fresh interior and exterior paint, new quartz countertops and a stylish kitchen island, new flooring, modern cabinets, stainless steel appliances, and updated fans and hardware throughout. The added benefit of paid solar keeps operating costs low and profits high. The backyard is where this property truly shines. Situated on a private pie shaped lot, the outdoor space has been designed as an entertainment paradise featuring a brand-new pool and jacuzzi, a cozy fire pit, a built-in BBQ island, and a fun putt-putt golf course that guests of all ages will love. It's the perfect setting for summer gatherings and festival goers looking for a memorable desert retreat. Terra Lago offers an unmatched lifestyle with 24-hour security, a championship 36-hole golf course, a stunning 20-acre recreational lake, and a 10,000 square-foot clubhouse complete with pools and a fitness center. Residents and guests also enjoy a playground and pet park, and the low HOA fees include cable and high-speed internet, a bonus that simplifies your rental operations. North Indio is one of the fastest growing areas in Riverside County, and this location delivers convenience and adventure in equal measure. The home is near the only night golf course in the Coachella Valley, with easy access to hiking trails, nearby casinos, and major freeways. Guests will love being just minutes from the world famous Coachella and Stagecoach festivals. This turnkey property is ready to welcome guests immediately. Don't miss your chance to own a proven performer in one of the desert's most desirable rental communities.
Features & Amenities
Property Details
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About Terra Lago
This property is located in Terra Lago, a community in Indio. Explore more listings in this neighborhood to compare options and pricing.
View Terra Lago ListingsComparative Market Analysis
Residential Tier · 5 active · 5 closed
Terra Lago · Indio · Single Family Residence
Listed 59.5% above the median closed sale of $555,000. Price per sqft ($379) is a 55% premium to closed comps ($244).
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 43625 Campo Place | Indio | 2006 | 4 | 3 | 2,478 | 7,405 | $250 | $619,000 | 110 | 85 |
| 42771 Del Lago Court | Indio | 2006 | 4 | 3 | 2,234 | 6,534 | $380 | $850,000 | 37 | 84 |
| 42836 Del Lago Court | Indio | 2005 | 5 | 3 | 2,431 | 7,841 | $405 | $985,000 | 19 | 83 |
| 84046 Olona Court | Indio | 2007 | 4 | 3 | 2,369 | 5,227 | $236 | $560,000 | 95 | 83 |
| 84155 Tramonto | Indio | 2011 | 4 | 3 | 2,297 | 5,663 | $304 | $699,000 | 128 | 83 |
| Total: 5 · Average | 4.2 | 3.0 | 2,361.8 | 6,534 | $315 | $742,600 | 77.8 | |||
| Median | 2,369 | $699,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84170 Caviano Drive | Indio | 2023 | 05/18/2026 | 4 | 3 | 2,084 | 7,497 | $749,000 | $730,000 | $350 | 0.97 | 46 | 81 |
| 79970 Camden Drive | Indio | 2007 | 05/27/2026 | 4 | 3 | 2,717 | 10,019 | $559,999 | $555,000 | $204 | 0.99 | 35 | 71 |
| 82568 Lordsburg Drive | Indio | 2006 | 05/26/2026 | 4 | 3 | 2,405 | 7,405 | $540,000 | $540,000 | $225 | 1.00 | 34 | 70 |
| 83740 Durazo Lane | Indio | 2016 | 05/29/2026 | 4 | 3 | 2,502 | 8,276 | $570,000 | $590,000 | $236 | 1.03 | 142 | 68 |
| 42694 La Danza Court | Indio | 2006 | 05/12/2026 | 4 | 3 | 2,657 | 7,405 | $559,900 | $550,000 | $207 | 0.98 | 61 | 68 |
| Total: 5 · Average | 4.0 | 3.0 | 2,473 | 8,120.4 | $593,000 | $593,000 | $244.4 | — | 63.6 | ||||
| Median | 2,502 | $555,000 | $555,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.