48344 Stewart Drive K1, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath

48344 Stewart Drive K1, Indio, California 92201 home-pic-0
ACTIVE$265,000$704/sqft
48344 Stewart Drive K1, Indio, California 92201
2Beds
1Bath
704Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Rare Short-Term Rental Opportunity: This property is uniquely eligible for short-term rentals with no rental restrictions, making it an exceptional find and a significant income-producing asset.
Top Cons:
MLS Listing Discrepancy: 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 = 641.

Compared to the nearby listings

Price:$265.0K vs avg $299.5K ($-34,500)33%
Size:704 sqft vs avg 1,095 sqft28%
Price/sqft:$376 vs avg $27094%

More Insights

Built in 1982 (44 years old).
Condition: Despite being built in 1982, this property has undergone a significant and recent interior renovation. The kitchen features modern white cabinetry, quartz-style countertops, a subway tile backsplash, and clean white appliances. The bathroom is tastefully refreshed with contemporary finishes. Luxury vinyl plank flooring and recessed lighting throughout contribute to a fresh, move-in ready condition, aligning with a property extensively renovated within the last 5-15 years.
Year Built
1982
Close
-
List price
$265K
Original List price
$265K
Price/Sqft
$376
HOA
$392
Days on market
-
Sold On
-
MLS number
219141410DA
Home ConditionGood
Features
Good View:
Patio
View-

About this home

Rare Short-Term Rental Opportunity in Indian Palms Country Club! This updated 2-bedroom, 1-bath residence offers 704 sq. ft. (EST.) of thoughtfully designed living space and is uniquely eligible for short-term rentals with no rental restrictions--an exceptional find within the community. The interior features fresh, modern finishes including luxury vinyl plank flooring, recessed lighting, and a bright, open layout. The updated kitchen showcases white cabinetry, quartz-style countertops, a subway tile backsplash, white appliances, and a breakfast bar that opens seamlessly to the living area--ideal for both everyday living and guest stays. The living room is light and airy creating a comfortable and inviting space. Both bedrooms are well-proportioned and filled with natural light. The bathroom has been tastefully refreshed with clean, contemporary finishes. Just minutes from the Empire Polo Grounds, world-class festivals, dining, and shopping, this property is perfectly positioned for personal enjoyment or income-producing potential. The HOA of $392/month includes 24-hour gated security, two pools and a spa, a putt putt area, laundry facilities, guest parking, a barbecue area, and a pool house with a mini kitchen. Whether you're seeking a desert getaway, an investment property, or both--this is a rare opportunity not to be missed.

J
Jelmberg Team
Listing Agent

Nearby schools

7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,K-51.1mi
3/10
Thomas Jefferson Middle School
Public,6-81.0mi
4/10
Indio High School
Public,9-121.7mi

Price History

Date
Event
Price
07/28/04
Sold
$828,000
Condition Rating
Good

Despite being built in 1982, this property has undergone a significant and recent interior renovation. The kitchen features modern white cabinetry, quartz-style countertops, a subway tile backsplash, and clean white appliances. The bathroom is tastefully refreshed with contemporary finishes. Luxury vinyl plank flooring and recessed lighting throughout contribute to a fresh, move-in ready condition, aligning with a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Rare Short-Term Rental Opportunity: This property is uniquely eligible for short-term rentals with no rental restrictions, making it an exceptional find and a significant income-producing asset.
Modern & Updated Interior: The residence features fresh, modern finishes including luxury vinyl plank flooring, recessed lighting, an updated kitchen with quartz-style countertops, and a tastefully refreshed bathroom.
Prime Event-Centric Location: Strategically located just minutes from the Empire Polo Grounds, world-class festivals, dining, and shopping, enhancing its appeal for both personal enjoyment and rental guests.
Extensive Community Amenities: The HOA provides comprehensive amenities including 24-hour gated security, two pools, a spa, a putt-putt area, laundry facilities, guest parking, and a barbecue area.
Bright & Open Layout: The thoughtfully designed living space boasts a bright and open layout, creating a comfortable and inviting atmosphere for residents and guests.

Cons

MLS Listing Discrepancy: 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 = 641.
Compact Living Space: At 704 sq. ft., the unit offers limited living area, which may not suit all buyers or larger groups for short-term rentals.
Relatively High HOA Fees: The $392/month HOA fee is substantial for a unit of this size, potentially impacting net income for investors or overall affordability for owner-occupants.
Single Bathroom: A 2-bedroom unit with only one bathroom can be inconvenient for multiple occupants or guests, especially in a short-term rental scenario.
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