48255 Monroe Street 29, Indio, California 92201, Indio, 92201 - 1 bed, 2 bath
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Indio, California 92201
This High-Potential Investment Opportunity is listed at a List Price of $209,500, positioned slightly above the $201,989 Fair Market Value. While the property lacks instant equity, its prime location near the Polo and Festival grounds creates significant demand for short-term rentals. Featuring a Fair Condition Rating with recent flooring updates, this unit offers a turnkey "lock and leave" lifestyle. With resort-style amenities and a private garage, this asset is an ideal acquisition for Buy-and-Hold Investors or second-home buyers seeking a desert getaway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48255 Monroe Street 29 Subject | $209,500* List Price | 1 | 2 | 857 | $236 | - |
A 48255 Monroe Street 43 Sold | $242,000 | 1 | 2 | 857 | $282 | 0.0 mi |
B 48255 Monroe Street 59 Sold | $245,000 | 2 | 2 | 998 | $245 | 0.0 mi |
C 48255 Monroe Street 15 Sold | $169,000 | 1 | 1 | 669 | $253 | 0.0 mi |
D 48255 Monroe 9 Sold | $240,000 | 2 | 2 | 998 | $240 | 0.1 mi |
E 47395 Monroe Street 259 Sold | $245,000 | 2 | 2 | 942 | $260 | 0.5 mi |
F 48255 Monroe Street 12 Active | $245,000 List Price | 1 | 2 | 857 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is well-maintained and move-in ready with recent updates like new laminate flooring. However, the kitchen cabinets and bathroom tiling/fixtures appear dated (15-30 years old), and the overall aesthetic requires modernization to meet current standards, fitting the 'Fair' criteria.
The property is within walking distance to the Polo and Festival grounds, positioning it as a high-demand location for short-term rentals during world-renowned events like Coachella and Stagecoach.
Offered fully furnished with a unique loft layout and updated flooring, this 'lock and leave' unit is move-in ready, making it an ideal secondary desert getaway or immediate rental asset.
Located in the gated Quail Lakes community, the condo offers peaceful waterway views and access to premium amenities including a pool, hot tub, tennis courts, and a rare private attached garage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 543.
The association fee of $715 per month is relatively high for a one-bedroom unit, which may deter some buyers and impact the net cash flow for investors.
At 857 square feet with only one bedroom, the compact size and 1980s construction may limit appeal for long-term residents or those requiring more versatile living space.
HUGE PRICE REDUCTION - motivated seller. Bright loft condo, furnished with views out to peaceful waterways and beautifully landscaped common area. 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. 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).
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 | 857 | 930 |
| Lot Size | 436 | 1,742.5 |
| Price | $209.5K | $311.6K |
| Price per sq ft | $244 | $264 |
| Built year | 1980 | 1980 |
| HOA | $715.0 | $402 |
| Days on market | 24 | 83 |
Jun 28, 2026
$209,500
Initial Listing
Oct 26, 2012
$48,500
Public Record
Aug 22, 2008
$63,000
Public Record
Jul 1, 2005
$175,000
Public Record
Aug 16, 1994
$35,000
Public Record