48255 Monroe Street 2, Indio, California 92201, Indio, 92201 - 1 bed, 2 bath
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Indio, California 92201
This Resort-Style FHA-Approved Condo is listed at $249,000, offering a stable residential opportunity within the Quail Lakes community relative to its $209,136 Fair Market Value. Boasting a Condition Rating of 4, the interior is well-maintained and Move-in Ready, featuring a Private Patio with breathtaking Pond and Mountain Views. Residents benefit from a lifestyle sanctuary including multiple pools and tennis courts. Located walking distance to the Indio Polo Fields and near Mountain Vista Elementary, this home is an ideal match for first-time buyers or seasonal residents seeking a polished desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48255 Monroe Street 2 Subject | $249,000* List Price | 1 | 2 | 867 | $241 | - |
A 48255 Monroe Street 43 Sold | $242,000 | 1 | 2 | 857 | $282 | 0.1 mi |
B 48255 Monroe Street 59 Sold | $245,000 | 2 | 2 | 998 | $245 | 0.0 mi |
C 48255 Monroe 9 Sold | $240,000 | 2 | 2 | 998 | $240 | 0.0 mi |
D 47395 Monroe Street 259 Sold | $245,000 | 2 | 2 | 942 | $260 | 0.5 mi |
E 48255 Monroe Street 12 Active | $257,500 List Price | 1 | 2 | 857 | $300 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1980, is well-maintained and move-in ready, but the kitchen and bathrooms are significantly dated. The kitchen features original-style wood cabinets, speckled laminate countertops, and older white/black appliances (refrigerator, range, microwave, dishwasher). Bathrooms have dated cultured marble-style countertops, older vanities, and basic tile surrounds. While the living area has updated laminate flooring, the overall aesthetic, including popcorn ceilings and older light fixtures, indicates that major components are functional but show signs of being outdated and would benefit from minor updates to meet current styles.
The condo offers breathtaking pond, mountain, and community pool views, enhancing its appeal and providing a serene living environment.
Residents enjoy an exceptional lifestyle with access to multiple pools, tennis courts, and a private, gated entrance with security, promoting a resort-like experience.
Its location within walking distance to the Indio Polo Fields (Coachella/Stagecoach Festivals) and minutes from La Quinta offers significant lifestyle and potential rental income advantages.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =747, other record lot size in square feet = 550.
The $715 monthly association fee is substantial and could be a significant financial consideration for potential buyers, impacting affordability.
With 867 square feet and a 1-bedroom layout, the property offers compact living, which may not meet the needs of all buyers, particularly those seeking more expansive space or additional rooms.
Resort-style living meets unbeatable convenience in this rare Quail Lakes FHA-approved condo with breathtaking pond and mountain views. This 1-bedroom, 2-bath home offers a bright, open layout overlooking the serene pond, community pool, and surrounding mountains. Convenient parking is located directly in front of the condo--no stairs or long walks when bringing in groceries.Enjoy an exceptional lifestyle with access to multiple pools, tennis courts, and a private, gated entrance with security. The HOA covers all utilities except IID electricity, making this home easy to maintain. Perfectly located within walking distance to the Indio Polo Fields, home of the Coachella Music and Arts Festival and Stagecoach Festival, and just minutes from La Quinta, Coachella, and a wide range of shopping, dining, and amenities
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 2.1 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 867 | 1,082 | 24% |
| Lot Size | 747 | 1,229 | 40% |
| Price | $249.0K | $280.0K | 40% |
| Price per sq ft | $287 | $260 | 72% |
| Built year | 1980 | 1980 | 50% |
| HOA | $715.0 | $410 | 88% |
| Days on market | 105 | 173 | 16% |
Jan 7, 2026
$249,000
Initial Listing