
Indio, California 92201
This Modern Loft-Style Condo represents a Prime Investment Opportunity, listed at $264,999—positioned well below the $275,598 Fair Market Value by 3%. This valuation gap secures $10,599 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the property offers Quartz Countertops, Plank Tile Flooring, and a serene Creek and Pool View. Its proximity to the Empire Polo Grounds ensures high seasonal rental demand. This turnkey residence is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48255 Monroe Street 56 Subject | $249,500* List Price | 1 | 2 | 998 | $250 | - |
A 48255 Monroe Street 59 Sold | $245,000 | 2 | 2 | 998 | $245 | 0.0 mi |
B 82022 Odlum Drive Sold | $310,000 | 2 | 2 | 1,156 | $268 | 0.3 mi |
C 48255 Monroe Street 6 Active | $249,000 List Price | 2 | 2 | 998 | $249 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a high-quality modern renovation within the last 5 years. It features a contemporary kitchen with quartz countertops, updated plank tile flooring, and a newer HVAC system, meeting the criteria for mint condition with no immediate maintenance required.
Situated minutes from the Empire Polo Grounds, this property offers exceptional potential as a high-demand seasonal rental or vacation home due to its proximity to the Coachella and Stagecoach festivals.
The condo features contemporary finishes including quartz countertops, plank tile flooring, and a newer HVAC system, and comes fully furnished for an immediate move-in or rental opportunity.
The association fee covers essential utilities including water, gas, and trash, along with exterior maintenance and roof coverage, ensuring a low-maintenance lifestyle for the owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 998, other record living area = 857.
At $715 per month, the HOA dues are relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers and overall investment yield.
The assigned public schools carry low ratings (3/10), which could limit the property's appeal to long-term residents with children and potentially affect future resale value.
Welcome to effortless desert living at Quail Lakes Racquet Club, a gated Indio community where style, comfort, and convenience come together. This furnished loft style condo makes an immediate impression with soaring vaulted ceilings, warm plank tile flooring, and light that pours in from every angle. The modern kitchen is outfitted with quartz countertops, a gas range, dishwasher, microwave, and refrigerator. The main level flows naturally from the living area to a covered patio overlooking a tranquil creek and sparkling pool and spa, creating a seamless indoor outdoor experience. A powder room and outdoor storage closet with washer and dryer round out the ground floor. Upstairs, the spacious loft serves as a private retreat complete with a full bathroom, generous closet space, and additional storage. Resort style amenities include a pool, spa, gazebo, two tennis courts, and scenic walking paths. HOA dues cover water, gas, trash, exterior maintenance, landscaping, and roof, keeping ownership simple and low maintenance. Includes a single car garage with opener and keypad access, a newer A/C and heating system, and an upgraded sliding screen door. Situated minutes from the Empire Polo Grounds, home to world famous Coachella and Stagecoach festivals and close to golf, dining, and shopping at Indio Grand Marketplace and Old Town La Quinta, this property delivers on every front. Whether you're looking for a primary residence, a desert escape, or an income producing rental, the opportunity here is hard to beat.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 1.5 |
| Square foot | 998 | 930 |
| Lot Size | - | 1,742.5 |
| Price | $249.5K | $311.6K |
| Price per sq ft | $250 | $264 |
| Built year | 1980 | 1980 |
| HOA | $715.0 | $402 |
| Days on market | 79 | 83 |
Jun 11, 2026
$249,500
$264,999
-6% Price Drop
Initial Listing
May 4, 2026
$264,999
Initial Listing
May 10, 2022
$242,000
Public Record
May 5, 2021
$165,000
Public Record
Jan 5, 2021
$139,000
Public Record
Nov 20, 2018
$127,500
Public Record
Nov 20, 2006
$160,000
Public Record