Enjoy the views at twilight at 52450 Monroe St., Indio, CA.
Luxury Event Site in Coachella Valley. 52450 Monroe St., Indio, CA. is a 9+ acre, gated, exclusive site that is unlike any other in the Coachella Valley. Listed for sale for $9,500,000, the manicured grounds are hidden behind wrought iron gates, just down a dirt road, off Monroe St. Location is everything and ThreeThumbsUpEstate, is a bike ride from the Coachella Festival grounds, and approx. 5 minutes from Old Town, La Quinta. Now being offered by a renowned Coachella Valley Lease company for Events and Daily or weekly rentals.
A new Luxury Event Site is being offered for rentals and events at 52450 Monroe St., Indio, CA. The property will continue to be marketed for sale at $9,500,000, but until it sells, it is available for bookings. Avantstay, a luxury lease management company in the Coachella Valley, is managing the rentals and leases. The annual projected income for this incredible property is well into the upper 6 figures. With 4 homes, a 12 stall barn, lake, pitch n putt golf course, gorgeous orchard and friendly Asado pit area, this property is incredible! Take the tour below.
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Investment Properties in Coachella Valley. What’s happening East of the Coachella Music Festival grounds? Plenty! The Festivals have brought more and more people seeking investment properties, out to the East Valley. I can still remember when I had to tell people that I was in Palm Springs, rather than Indio, just so they’d know what part of the California world I was in. Literally NOBODY knew where Indio was..not any more! Call Kim Kelly, local Realtor, resident and Equestrian for a FREE consultation at 760-285-3578.
Investment Properties in the Coachella Valley range from homes, to farms and vacant land!
Why are the investors heading to the East Valley? Lots of reasons, including large homes that are still priced well below our median. Land prices/acre are still very low, ranging from approx. $25-35,000/acre for raw land out near the HITS showgrounds and Thermal Club, to $50-$100,000/acre as you get nearer to the actual Festival grounds.
The Kohl Ranch project encompassing 2200 acres near the Jacqueline Cochran Airport is said to be getting nearer to approval of it’s Surf Park and surrounding home sites. Palm Springs, Cat City, Rancho Mirage, and all the desert cities are incredible, but Investment opportunists are moving on..closer and closer to our beautiful Eastern Coachella Valley. Take a tour of the investment property below..20 acres with multiple living quarters, a 10-stall barn, horse safe fences, irrigated pastures, offered at $1,500,000..GREAT VALUE!
COACHELLA VALLEY INVESTMENT OPTIONS:
Indoor to outdoor living is why so many people choose the Coachella Valley for Investments.
The Coachella Valley is still a solid place to buy a property if you’re hoping for an investment return. Especially if you like the Valley as a possible place to retire in the future, or even to visit when your property isn’t rented. Some areas of our desert cities, and most HOA governed communities, now have 30 day minimum rental restrictions, but so what? You can still cover all your carrying costs and put some money into your IRA, just not as much as before the restrictions were put into place. Call Kim Kelly, local Coachella Valley Realtor, at 760-285-3578.
The Orchard in Indio has a 30 day minimum as do most HOA governed homes.
The Coachella Valley is still very friendly to buyers that want to make some money renting their properties, just for an occasional weekend, or as an investment opportunity. It’s a GOOD thing that the Cities pay more attention to noise complaints, stuffing too many people into too few sleeping areas, letting people crash on your patios and around the pool..etc. These practices do not enhance your property values, so be glad they’re paying more attention. Be respectful of the neighborhood, keep tabs on your tenants, follow up on complaints, pay your City license fees and taxes, and count your extra income! Here’s a short break down of Desert Cities/Rental Requirements.
Palm Springs: No more than 32 rental contracts in one calendar year Plus 4 more contracts during July, August & September. Good area for investments.
Cathedral City: Currently a moratorium on new vacation rentals, that will expire shortly..CC&R’s and HOA’s must be observed.
Rancho Mirage: Short Term Rentals are possible in RM, but beware of the rules as in all Coachella Valley cities. RM has many CC&R and HOA governed communities, so know where you buy!
La Quinta: The City allows short term rentals, as long as you are careful to comply with the City rules regarding STVR’s. Again..HOA communities most often don’t allow less than 30 day contracts.
Coachella/Indio: Friendly to vacation rentals as are most desert cities. Good area for Investments as home purchase prices are a bit lower. Always observe and understand that CC&R’s and HOA Rules & Regulations may set minimum rental restrictions.
Contemporary home on 9 Acres for sale in Thermal-always beautiful to show!
5 steps to SOLD! Are you thinking about selling your property? Doesn’t matter if it’s a killer resident on a golf course, an entry level home near school, a cabin in the mountains, a mid century in Palm Springs, a piece of land, or an equestrian property..get your property ready to SELL! Contact local Realtor, Kim Kelly at 760-285-3578 for your Free property consultation.
Investment properties in Coachella include PGA West, La Quinta
Investment properties, Coachella Valley. If you’re thinking about purchasing an investment property in the Coachella Valley, there are a myriad of opportunities available to you. A 1031 Investment may be an option for you. Exchanging like kind properties saves taxes and can help to build wealth in your real estate portfolio. Whether you are exchanging, or purchasing your first investment property, the Coachella Valley is a smart location to consider. Call Kim, local Realtor at 760-285-3578.
Our amazing Eastern Coachella Valley..
Coachella Valley Development: Some big plans for our East Valley, and the continued popularity of the Coachella Music Festival, are powering the Eastern Coachella Valley into 2019.
You just cannot beat the views and sense of peace in our beautiful Coachella Valley.
If you are thinking of a winter visit to our desert and want to tour some land/equestrian estates/residential properties, give Kim Kelly a call at 760-285-3578.
5 Acre Equestrian Estate just 1.7 miles from Coachella Music Festival grounds
Just Listed: 51600 Jackson St., Coachella, California. A rare, unique opportunity has come available in Coachella, California for just $1,649,000. This privately gated, completely fenced Estate is located at the end of a cul-d-sac, shared with just two other property owners. Beautiful, custom gates, sweep open to a Palm tree lined entry drive, with views over green paddocks, to the custom home sitting on an elevated site, with startling Mountain views. Such a beautiful property, and if you are thinking about owning a venue with potential Corporate Lease possibilities, this farm could be it! Call me for your private tour today. 760-285-3578.
Coachella Valley Equestrian Market Update as we leave 2017..
Equestrian Market Update: Land and equestrian farms in the Coachella Valley are continuing to sell. Even the summer heat did not run buyers off. Price/acre continues to rise, though not dramatically..just a slow, steady year over year increase. Date Farmers are continuing to invest in more land, new Ag projects are underway, the Pot Cultivation approved land sells quickly, and the MOST in demand Equestrian properties continue to be small farms with permanent homes on them. Few and far between, and when they come active..they do not sit long. Call me for your personal tour of Equestrian properties in the Coachella Valley. 760-285-3578.
Short Sales require their special marketing considerations..
Where are all the Short Sales?? Short Sales have been around a long time..longer than I’ve been in the Real Estate industry, and that’s going on 18 years. I was very active in the most recent Short Sale go around, which began in 2009. I was selling New Homes from 2000 to 2005, and I remember being very aware that something had to give! Prices were zooming up, La Quinta alone was seeing 22% per year increases in values for residential homes..NOT sustainable. I went back to the California Board of Realtors, and got my Short Sale Certifications, NAR, SFR, and HAFA. I just wanted to understand how to help people get out from under their properties when the market slowed, then tumbled. If you are upside down on your property, a Short Sale IS one of your best options. Give me a call at 760-285-3578 if you have questions about your property value, and whether a Short Sale may work for you.
Horses and the Coachella Valley just fit together!
Coachella Land & Equestrian Property Update: Lots of activity in the Coachella Valley when it comes to Land and Equestrian Properties. Land values are pretty consistent, although the selection of parcels continues to narrow. Equestrian Farms are difficult to find right now, although season should loosen up the market..hopefully. The natural fit between horses & the Coachella Valley horse activities, working Farms, and Land with Equestrian potential is obvious. Our affordable, open spaces, easy access to riding trails, as well as our Internationally renowned HITS Horseshow, Thermal and the Empire and Eldorado Polo Clubs continue to draw interest and investments from Equestrians. I’ve been a local Equestrian for over 30 years, and can get you any info. you need..760-285-3578.