48304 Stewart Drive J1, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath
Loading property details...
Indio, California 92201
This Versatile Desert Condominium is listed at $230,000, representing a stable entry point into the Indian Palms Country Club market relative to its $205,619 Fair Market Value. Boasting a Fair Condition Rating, the residence features a modern kitchen renovation alongside high-upside areas for cosmetic updates. Its standout feature is the unrestricted short-term rental eligibility, a rare asset that drives significant ROI potential near the Empire Polo Grounds. With resort-style amenities and proximity to the 7-rated Dr. Reynaldo J. Carreon Jr. Academy, this is a prime acquisition for short-term rental investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48304 Stewart Drive J1 Subject | $230,000* List Price | 2 | 1 | 704 | $292 | - |
A 82567 Avenue 48 8 Sold | $239,000 | 2 | 1 | 704 | $339 | 0.4 mi |
B 48324 Stewart Drive J3 Active | $230,000 List Price | 2 | 1 | 704 | $327 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the main living area and kitchen appear to have undergone a significant, modern renovation with new tile flooring, recessed lighting, and contemporary finishes, the property's overall condition is mixed. Built in 1982, other rooms (as seen in images 9 and 10) retain older features such as popcorn ceilings, dated tile, and carpeting, indicating they have not been updated. This blend of modern and outdated elements, coupled with the property's age, suggests it requires minor updates in some areas to achieve a consistent modern aesthetic, aligning with a 'Fair' condition score.
The property is uniquely eligible for short-term rentals with no rental restrictions, making it an outstanding investment opportunity for generating significant income.
Residents benefit from 24-hour gated security, two swimming pools (including a new resort-quality complex), grass courtyards, a professional putting green, and a barbecue/fire pit area, enhancing lifestyle and property value.
A low monthly HOA fee of $392 provides access to a comprehensive suite of amenities and gated security, offering excellent value for money within a desirable community.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 631.
With only 704 sq. ft. of living space, the property offers a smart and efficient floor plan but may be considered small for some buyers or long-term residents.
Built in 1982, the property is over 40 years old, which may imply older systems or potential for future maintenance and updates compared to newer constructions.
Great Starter Home Opportunity in Indian Palms Country Club! This inviting 2-bedroom, 1-bath residence offers a smart and efficient floor plan with 704 sq. ft. (EST.) of comfortable living space--ideal for first-time buyers, part-time desert living, or a low-maintenance retreat. This home is also uniquely eligible for short-term rentals with no rental restrictions--an exceptional find within the community. A private patio opens to a lush, grassy greenbelt, providing a peaceful outdoor area rarely found in this price range. Ownership comes with 24-hour gated security, access to two swimming pools (including a brand-new, resort-quality pool complex), two spacious grass courtyards, a professional-quality 2,500-square-foot putting green, and a barbecue and fire pit area. Owners also enjoy two dedicated parking spaces adjacent to ample guest parking. These amenities, combined with the low monthly HOA of $392, make this property a truly one-of-a-kind starter home opportunity within a gated community. Just minutes from the Empire Polo Grounds, dining, shopping, and world-class festivals, this home delivers an exceptional blend of comfort, convenience, and value--an ideal entry point into desert living. Whether you're seeking a desert getaway, an investment property, or both--this is a rare opportunity not to be missed. An excellent opportunity for investors, 1031 buyers, or those seeking a flexible desert retreat with strong income potential.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 704 | 1,082 | 16% |
| Lot Size | 871 | 1,229 | 44% |
| Price | $230.0K | $280.0K | 20% |
| Price per sq ft | $327 | $260 | 84% |
| Built year | 1982 | 1981 | 52% |
| HOA | $392.0 | $400 | 40% |
| Days on market | 91 | 174 | 12% |
Jan 22, 2026
$230,000
Initial Listing
Jul 28, 2004
$828,000
Public Record