RealKey
‪(213) 433-7766‬

48255 Monroe Street 29, Indio, California 92201, Indio, 92201 - 1 bed, 2 bath

48255 Monroe Street 29, Indio, California 92201 home-pic-0
ACTIVE$209,500
48255 Monroe Street 29, Indio, California 92201
1Bed
2Baths
857Sqft
436Lot
Year Built
1980
Close
-
List price
$210K
Original List price
$270K
Price/Sqft
$244
HOA
$715
Days on market
-
Sold On
-
MLS number
219118375DA
Home ConditionFair
Features
Good View: Desert, Mountain(s), Pond, Pool, Creek/Stream, Water
Patio
ViewDesert, Mountain(s), Pond, Pool, Creek/Stream, Water

About this home

We found 3 Cons,5 Pros. Rank: price - $209.5K(10th), sqft - 857(35th), beds - 1(10th), baths - 2(50th).

HUGE PRICE REDUCTION!! Bright loft condo, furnished with views out to peaceful waterways and beautifully landscaped common area. Walking distance to Polo/Festival grounds, close to shopping and multiple golf courses. Unique loft layout is very desirable to renters and location is amazing for STRs (with HOA approval and license). Quail Lakes is a quiet gated community with pool, hot tub & tennis courts. Large patio looks out onto green space and is well-shaded with private laundry in closet. Private attached garage included. Kitchen, dining area, desk space, living room and half bath are on lower level. Master bedroom, master bath with 2 closets are upstairs on second level. New laminate flooring upstairs and tile downstairs. Great desert getaway or investment property - simply ''lock it & leave it'' when you're not here. Association-paid water, you pay only electric.

Nearby schools

3/10
Mountain Vista Elementary School
Public,•K-6•1.0mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.0mi
3/10
Coachella Valley High School
Public,•9-12•4.3mi
Condition Rating
Fair
The property, built in 1980, is well-maintained and features recent flooring updates (new laminate upstairs, tile downstairs). However, the kitchen and bathrooms, while functional and clean, exhibit outdated styles and features, particularly the white appliances and cabinet designs, suggesting their last significant renovation was likely 15-30 years ago. The home is aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Strong Investment & Rental Appeal: The unique loft layout and prime location make it highly desirable for renters and short-term rentals (STRs), offering excellent investment potential as a 'lock it & leave it' property.
Exceptional Location & Community Amenities: Situated within walking distance to major festival grounds, shopping, and golf courses, complemented by a quiet, gated community featuring a pool, hot tub, and tennis courts.
Significant Price Adjustment: A substantial price reduction from the original list price presents an attractive value proposition for potential buyers.
Scenic Views & Private Outdoor Space: Offers peaceful views of waterways and landscaped common areas, along with a large, shaded patio for private enjoyment.
Key Updates & Convenient Inclusions: Features new laminate and tile flooring, comes furnished, includes private laundry, an attached garage, and association-paid water, reducing utility costs.

Cons

High Monthly HOA Dues: The association fee of $715.00 per month is considerably high, impacting overall affordability and cash flow for investors.
Compact Living Area: With 857 square feet and one bedroom, the property offers limited living space, which may not suit all buyer needs or preferences.
Property Age: Built in 1980, the property is over 40 years old, potentially indicating older infrastructure or systems that may require future maintenance or upgrades despite recent cosmetic updates.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state