46482 Jasmine, Indio, California 92201, Indio, 92201 - 3 bed, 2 bath
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Indio, California 92201
This Value-Add Short-Term Rental Asset is listed at $515,000, positioned relative to its $476,030 Fair Market Value. The property’s standout feature is the 13,939 sqft Corner Lot with No HOA, providing unmatched flexibility for a detached casita, pool, or RV parking. Boasting a Condition Rating of 4 and a New HVAC system, the "all original" 1989 interior offers a clear path for forced appreciation through cosmetic modernization. Served by James Madison Elementary and Indio High, its proximity to the Empire Polo Grounds ensures high seasonal demand. This is a strategic acquisition for Short-Term Rental Investors or Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46482 Jasmine Subject | $499,000* List Price | 3 | 2 | 1,475 | $305 | - |
A 45627 Spyglass Hill Street Sold | $585,000 | 3 | 3 | 1,981 | $295 | 0.7 mi |
B 81374 N Palo Verde Drive N Sold | $445,000 | 3 | 2 | 1,878 | $237 | 0.9 mi |
C 46579 Via Paraiso Active | $629,900 List Price | 3 | 2 | 1,740 | $362 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 'all original' home built in 1989. While it features a brand-new HVAC system and a high-quality epoxy garage floor, the interior components—including the kitchen cabinetry, white appliances, and bathroom fixtures—are nearly 40 years old and reflect the style of the original construction year. The home is move-in ready but requires cosmetic modernization to meet current market standards for 'Good' or 'Excellent' conditions.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13929, living area = 1475.
Situated on a premium 13,939 sqft corner lot with no HOA or Mello Roos, providing rare flexibility for custom additions like a pool, casita, or RV parking.
Located minutes from the Empire Polo Grounds with short-term rentals permitted, making it an ideal candidate for a high-yield vacation rental or seasonal home.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13929, other record lot size in square feet = 12632.
Built in 1989 and described as 'all original,' the home likely requires significant cosmetic updates to the kitchen, bathrooms, and flooring to meet modern standards.
The local assigned schools have relatively low ratings, with the nearest elementary and high schools scoring a 3 and 4 respectively, which may impact appeal for families.
Welcome to 46482 Jasmine Lane, a rare opportunity in the highly sought after Shields Ranch community on the border of Indio and La Quinta. Positioned on a premium corner lot at the back of the community, this home sits on an expansive 13,939 square foot parcel, one of the largest in the neighborhood. The size and placement provide outstanding privacy and usable outdoor space. ** NEW Heating and A/C, ** With NO HOA and NO Mello Roos, you can create the lifestyle you envision, whether that means a custom pool and spa, detached casita, sport court, RV parking, or an entertainer’s backyard designed to your taste. This well maintained, all original home offers 3 spacious bedrooms and 2 bathrooms. A cozy front patio near the entry is perfect for morning coffee while enjoying desert skies and mountain sunsets. Inside, you will find a formal living room and dining room, plus a comfortable family room with a fireplace for relaxed evenings. The kitchen features generous cabinet storage, ample counter space, a walk in pantry, and a two seat breakfast bar near the sink to stay connected with guests. An interior laundry closet is located just off the kitchen. The primary suite includes dual French doors to the backyard and an en suite bath with dual sinks, soaking tub, and separate shower. The hallway offers linen storage, and the guest bath includes a tub and shower. Two additional spacious bedrooms complete the layout, including one with a bay window and built in bench. The exterior highlights palm trees, desert landscaping, and mountain views. A sleek two car garage featuring designer epoxy flooring, abundant built in storage, and a polished finish that makes it the perfect showcase for car enthusiasts. Just minutes from the Empire Polo Grounds, home to the Coachella Valley Music and Arts Festival and Stagecoach Festival, you are close to the area’s top events. Enjoy easy access to shopping and dining in both Indio and La Quinta, with retailers such as Costco, Trader Joe’s, Walmart, and Best Buy nearby. Short term rentals are allowed, offering strong potential for seasonal use or income.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,475 | 1,985 | 19% |
| Lot Size | 13,929 | 6,534 | 93% |
| Price | $499.0K | $565.0K | 33% |
| Price per sq ft | $338 | $299 | 68% |
| Built year | 1989 | 2004 | 15% |
| HOA | $0 | $222 | 23% |
| Days on market | 55 | 176 | 3% |
Apr 8, 2026
$499,000
$515,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$515,000
Initial Listing
Oct 29, 1999
$121,000
Public Record