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Jason Franklin

jasonfranklin@rodeore.com +1(818) 421-2328

$ 79,999,000

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80876 Kiwi CT La Quinta, CA 92253

10.5 Acres Lot

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision La Quinta Polo Est

MLS Listing ID 219128315DA

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2024

Lot Size 10.500 Acres

Property Description

Polo Villas is an exclusive 18-home luxury community in La Quinta, uniquely positioned with a 50-year development agreement approved by the city to allow Short-Term Vacation Rentals. This long-term entitlement makes it a rare and valuable opportunity for investors seeking consistent rental income in one of the desert's most coveted destinations.Each home within Polo Villas was thoughtfully designed with short-term guests in mind, making them turnkey investment properties. The residences emphasize indoor-outdoor 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, activity-focused amenity such as bocce ball courts, putting greens, or private pickleball courts--elevating the guest experience beyond the standard vacation rental.Demand 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 property's appeal to larger gatherings, such as family reunions, corporate retreats, or friends attending nearby events.Strategically located in La Quinta, Polo Villas provides convenient access to world-renowned golf courses, high-end 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 world-famous 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 relaxation--making Polo Villas a truly unique and compelling real estate opportunity in the Coachella Valley.

Location

State CA

County Riverside

Area 313 - La Quinta South Of Hwy 111

Interior

Heating Central, Forced Air, Natural Gas, Zoned

Cooling Central Air, Zoned

Flooring Tile

Fireplaces Type Gas, Living Room

Fireplace Yes

Appliance Dishwasher, Electric Oven, Gas Cooking, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater

Exterior

Parking Features Driveway, On Street

Garage Spaces 49.0

Garage Description 49.0

Pool Gas Heat, In Ground, Salt Water

Community Features Gated

View Y/N Yes

View Peek-A-Boo

Roof Type Flat

Total Parking Spaces 49

Private Pool Yes

Building

Story 1

Foundation Slab

Architectural Style Contemporary, Modern

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 777500017

Security Features Gated Community

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by OMNI Group • Rennie Group

Jason Franklin

Broker Associate | License ID: 02000113

+1(818) 421-2328

Jason Franklin

80876 Kiwi CT La Quinta, CA 92253

Key Details

Location

Interior

Exterior

Building

Others

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80876 Kiwi CT