ActiveResidential · sale

80876 Kiwi Court

La Quinta, CA 92253

$77,490,000

  • 10.5 acres
  • Built 2024

Listed by Rennie Group · MLS #219148571DA

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2024.

Garage parking

49 garage spaces listed.

Property size

10.5 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Polo Villas is an exclusive 18home luxury community in La Quinta uniquely positioned with a 50year agreement approved by the city to allow ShortTerm Vacation Rentals This longterm entitlement makes it a rare and valuable opportunity for investors seeking consistent rental income in one of the deserts most coveted destinationsEach home within Polo Villas was thoughtfully designed with shortterm guests in mind making them turnkey investment properties The residences emphasize indooroutdoor living with spacious common areas ideal for group gatherings including al fresco dining spaces private pools hot tubs and cozy fire pits These features create the perfect environment for relaxation and entertainment Enhancing the appeal even further the properties include a unique activityfocused amenity such as bocce ball courts putting greens or private pickleball courtselevating the guest experience beyond the standard vacation rentalDemand for group bookings continues to grow the 104 bedroom offering separates Polo Villas in the STR market and that is reflected in its performance In the past six months more than 20 of bookings were from groups reserving multiple homes at once often at higher average daily rates ADRs This trend underscores the propertys appeal to larger gatherings such as family reunions corporate retreats or friends attending nearby eventsStrategically located in La Quinta Polo Villas provides convenient access to worldrenowned golf courses highend shopping fine dining and the charming boutiques and restaurants of Old Town La Quinta The community is also ideally positioned near major event venues like the Indian Wells Tennis Gardens and the iconic Empire Polo Grounds home to the worldfamous Coachella and Stagecoach music festivals These events draw hundreds of thousands of visitors annually and offer an additional boost to occupancy rates and rental revenue The proximity of Polo Villas to these venues places it at the heart of the action while still offering a peaceful desert retreat Investors and guests alike benefit from the perfect blend of excitement and relaxationmaking Polo Villas a truly unique and compelling real estate opportunity in the Coachella Valley

THE NEIGHBORHOOD

Explore the location.

80876 Kiwi Court, La Quinta, CA 92253

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
2024
Garage spaces
49
Cooling
CentralAir,Zoned
Heating
Central,ForcedAir,NaturalGas,Zoned
Appliances
Dishwasher,ElectricOven,GasCooktop,Disposal,IceMaker,Microwave,Refrigerator,VentedExhaustFan,WaterHeater
Flooring
Tile
Pool
Yes
Pool features
GasHeat,InGround,SaltWater
Spa
Yes
Subdivision
La Quinta Polo Est
Parcel
777500017
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$322,875.00
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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80876 Kiwi Court, La Quinta, CA 92253 · MLS #219148571DA

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More in La Quinta.

Listing information

MLS #219148571DA · California Regional MLS

Listing brokerage: Rennie Group
Listing agent: Con Kolytiris

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.