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La Quinta,CA 92253
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 72,271 sqft
Price per Sqft $1,106
Subdivision La Quinta Polo Estates
MLS Listing ID 219128315DA
Style Contemporary
Bedrooms 99
Full Baths 104
Half Baths 18
Year Built 2024
Lot Size 10.500 Acres
Property Sub-Type Multi-Family
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 ven
Location
State CA
County Riverside
Area La Quinta South Of Hwy 111
Rooms
Kitchen Island
Interior
Heating Central, Forced Air, Natural Gas, Zoned
Cooling Air Conditioning, Ceiling Fan, Central, Multi/Zone
Flooring Ceramic Tile
Fireplaces Number 18
Fireplaces Type GasLiving Room
Equipment Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Microwave, Refrigerator
Laundry Room
Exterior
Parking Features Driveway, On street
Garage Spaces 49.0
Pool In Ground, Private, Salt/Saline
View Y/N Yes
View Peek-A-Boo, Pool
Roof Type Flat
Building
Story 1
Foundation Slab
Sewer In Street Paid
Water Water District
Structure Type Stucco
Others
Special Listing Condition Standard