49706 Wayne Street, Indio, California 92201, Indio, 92201 - 4 bed, 3 bath

49706 Wayne Street, Indio, California 92201 home-pic-0
ACTIVE$735,000
49706 Wayne Street, Indio, California 92201
4Beds
3Baths
2,112Sqft
4,792Lot
Year Built
2004
Close
-
List price
$735K
Original List price
$735K
Price/Sqft
$348
HOA
$48
Days on market
-
Sold On
-
MLS number
25549683
Home ConditionGood
Features
Good View: Golf Course
Pool
Spa
Patio
ViewGolf Course

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $735.0K(83th), sqft - 2112(64th), beds - 4(57th), baths - 3(50th).

Welcome to 49706 Wayne Street, a rare and highly desirable investment opportunity located in a private, gated community in the heart of Indio. Just one block from the Empire Polo Grounds, this property offers unmatched access to world-famous events including Coachella, Stagecoach, and Desert Trip. The home is fully furnished and turnkey, making it ideal for short-term rental income, long-term leasing, personal use, or multi-generational living. The main residence features three bedrooms and two full bathrooms with a spacious open-concept layout, while the attached one-bedroom, one-bath casita has its own private entrance perfect for guests, extended family, or maximizing income potential. Currently operating as a successful Airbnb, the property is set up to generate immediate rental revenue and boasts a strong rental history with high demand during festival seasons and beyond. Recent improvements have transformed the backyard into a private oasis, complete with a brand-new saltwater pool and spa, a mini golf course, and upgraded hardscaping and landscaping. The interior offers over 2,100 square feet of single-story living space, including a modern kitchen with bar seating, a light-filled living and dining area, and a spacious primary suite with a walk-in closet and en-suite bath. The home sits on a low-maintenance lot and includes an attached two-car garage. Located in a well-maintained, short-term rental friendly neighborhood, residents also enjoy access to resort-style amenities such as multiple pools, spas, tennis courts, a fitness center, and a clubhouse all with low HOA fees. The property is further enhanced by beautiful mountain views from both the front and back of the home. Whether you're looking for a high-performing income property, a personal desert getaway, or a flexible home with guest accommodations, 49706 Wayne Street offers an exceptional blend of location, layout, and lifestyle. The sale includes all furnishings, appliances, and everything needed to continue operating as a successful short-term or long-term rental.

Nearby schools

7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,K-51.4mi
3/10
Thomas Jefferson Middle School
Public,6-81.7mi
4/10
Indio High School
Public,9-122.1mi
Condition Rating
Good

The property was built in 2004, placing it at the 20-year mark, which aligns with the 'Good' category's age range. The description highlights 'recent improvements' including a brand-new saltwater pool, spa, mini golf course, and upgraded hardscaping/landscaping, indicating significant recent investment in the outdoor areas. The interior features a 'modern kitchen' with stainless steel appliances and granite countertops, and bedrooms have updated LVP flooring. While some elements like the main tile flooring and bathroom vanity light fixtures might not be brand new, the property is presented as 'fully furnished and turnkey' with no immediate renovations required, fitting the 'move-in ready' criteria for a 'Good' score. Major systems appear functional and well-maintained.
Pros & Cons

Pros

Exceptional Income Potential: The property is fully furnished, turnkey, and boasts a strong Airbnb rental history, further enhanced by an attached casita with a private entrance, making it ideal for maximizing short-term rental income.
Prime Event Location: Situated just one block from the Empire Polo Grounds, the property offers unparalleled access to world-famous events like Coachella and Stagecoach, ensuring high demand and premium rental rates during festival seasons.
Resort-Style Backyard Oasis: Recent improvements include a brand-new saltwater pool and spa, a mini golf course, and upgraded hardscaping/landscaping, creating a highly attractive and desirable outdoor living space.
Versatile Living & Income Options: The main residence with three bedrooms and an attached one-bedroom, one-bath casita with a private entrance provides flexibility for multi-generational living or additional income streams.
Gated Community with Amenities: Located in a private, well-maintained gated community, residents enjoy access to multiple pools, spas, tennis courts, a fitness center, and a clubhouse, all with low HOA fees.

Cons

Aggressive Pricing Strategy: The current list price of $735,000 is significantly higher than the estimated property value of $506,317.23, which may indicate an aggressive pricing strategy and could impact market appeal or negotiation.
Ongoing Maintenance Costs: While attractive, the brand-new saltwater pool, spa, and mini golf course will incur ongoing maintenance, utility, and chemical costs that a buyer must factor into their budget.
Smaller Lot Size: The property sits on a relatively low-maintenance lot of 4792 sqft, which may be considered small for some buyers seeking more expansive outdoor space or privacy in a desert environment.

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