**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.
For sale
Listing Provided by:
James Suer DRE #02127314 760-702-2513,
LPT Realty
$895,000
84020 Colibri Ct, Indio, CA 92203
4beds
2,338sqft
Est.:
Single Family Residence
Built in 2007
7,841 Square Feet Lot
$-- Zestimate®
$383/sqft
$325/mo HOA
What's special
Brand-new pool and jacuzziFun putt-putt golf courseModern cabinetsNew flooringCorner-lot homeNew quartz countertopsStainless steel appliances
- 15 days |
- 67 |
- 1 |
Zillow last checked: 9 hours ago
Listing updated: November 27, 2025 at 04:11am
Listing Provided by:
James Suer DRE #02127314 760-702-2513,
LPT Realty
Source: CRMLS,MLS#: 219139291DA
Originating MLS: California Desert AOR & Palm Springs AOR
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Living Room, Pantry
Pantry
- Features: Walk-In Pantry
Heating
- Central
Cooling
- Central Air
Features
- Walk-In Pantry
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
Interior area
- Total interior livable area: 2,338 sqft
Property
Parking
- Total spaces: 8
- Parking features: Attached Carport, Driveway
- Attached garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Has private pool: Yes
- Pool features: In Ground, Private
- Spa features: In Ground, Private
- Has view: Yes
- View description: Desert, Peek-A-Boo, Pool
Lot
- Size: 7,841 Square Feet
- Features: Planned Unit Development, Sprinkler System
Details
- Parcel number: 696020006
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 2007
Community & HOA
Community
- Features: Gated
- Security: Gated Community, 24 Hour Security
- Subdivision: Terra Lago
HOA
- Has HOA: Yes
- Amenities included: Billiard Room, Clubhouse, Fitness Center, Lake or Pond, Barbecue, Tennis Court(s), Cable TV
- HOA fee: $325 monthly
- HOA name: Terra Lago
- HOA phone: 760-775-3165
Location
- Region: Indio
Financial & listing details
- Price per square foot: $383/sqft
- Tax assessed value: $170,647
- Date on market: 11/26/2025
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
$3,605/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/27/2025 | Listed for sale | $895,000+11.9%$383/sqft |
Source: | ||
| 4/26/2022 | Sold | $800,000+28%$342/sqft |
Source: | ||
| 3/23/2022 | Pending sale | $624,900+280.9%$267/sqft |
Source: | ||
| 4/18/2013 | Sold | $164,050+3.8%$70/sqft |
Source: | ||
| 1/9/2013 | Listed for sale | $158,000$68/sqft |
Source: Shorewood REALTORS, Inc. #1300243 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | -- | $170,647 +1.5% |
| 2015 | $5,200 -9.7% | $168,085 +2% |
| 2014 | $5,756 | $164,794 +20.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,840/mo
Principal & interest
$4314
Property taxes
$888
Other costs
$638
Climate risks
Neighborhood: 92203
Nearby schools
GreatSchools rating
- 4/10Andrew Jackson Elementary SchoolGrades: K-5Distance: 1.2 mi
- 3/10Desert Ridge AcademyGrades: 6-8Distance: 4.6 mi
- 5/10Shadow Hills High SchoolGrades: 9-12Distance: 4.5 mi
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