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81870 Sandy Court

Indio, CA 92201
  • $8,995,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: NP22143859
UPDATED: 53 min ago
$8,995,000
  • 0
    BEDS
  • 6.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2008
County:

School Ratings & Info

Listing Agent(s): Tim Smith of Coldwell Banker Realty (949-644-1600) and Nicole Cox of ()


Description

Exceptional multi-generation compound with significant income opportunity. With high-end rental properties becoming more and more desirable in todays market, Indios 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 Coachellas 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T11:26:38.25. 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 deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
www.bradschmett.net/homes/130578623
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81870 Sandy Court Indio, CA 92201

  • Price: $8,995,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 53 min ago
  • MLS #: NP22143859
0
Beds
0
Baths
0
½ Baths
6.3
Acres
2008
Built
Neighborhood:
Desert Groves (31419)
County:
Riverside
Area:
314 - Indio South of East Valley
Property Description
Exceptional multi-generation compound with significant income opportunity. With high-end rental properties becoming more and more desirable in todays market, Indios 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 Coachellas 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.
Exterior Features

Exterior Features BarbecueLightingFire PitSport Court Lot Features 2-5 Units/AcreLot Over 40000 SqftLandscaped Number Of Separate Electric Meters 1 Other Structures Second Garage Parking Features DrivewayGarage Parking Total 8 Pool Features In GroundPrivate Pool Private YN Yes Property Attached YN No Spa Features Private Spa YN Yes View None View YN No

Interior Features

Appliances Built-In RangeDishwasherFreezerGas CooktopMicrowaveRefrigeratorRange Hood Common Walls No Common Walls Cooling Central Air Cooling YN Yes Door Features Double Door EntryFrench DoorsMirrored Closet Door(S) Fireplace Features Master BedroomOutside Fireplace YN Yes Flooring TileWood Heating Central Heating YN Yes Interior Features Ceiling Fan(S)PantryRecessed LightingWalk-In PantryWalk-In Closet(S) Window Features Plantation Shutters

Property Features

Additional Parcels YN Yes Association Amenities Management Association Fee 60 Association Fee Frequency Monthly Association YN Yes Cable Tv Expense 200 Common Interest Planned Development Community Features Rural Electric Photovoltaics Seller OwnedStandard Electric Expense 900 Fuel Expense 900 Garage YN Yes Gross Income 352500 Gross Scheduled Income 940000 Insurance Expense 333 Land Lease YN No Laundry Features InsideLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 450 Net Operating Income 352500 New Construction YN No New Taxes Expense 2291 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 96932 Pest Control Expense 65 Pool Expense 130 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 125 Water Sewer Expense 900 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T11:26:38.25. 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 deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,
Listing Agent(s): Tim Smith of Coldwell Banker Realty (949-644-1600) and Nicole Cox of ()