48354 Stewart Drive K2, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath
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Indio, California 92201
This Versatile Investment Asset within the gated Indian Palms Country Club is listed at $230,000, positioned relative to its $205,619 Fair Market Value. Currently holding a Fair Condition Rating, the residence features an outdated interior that presents a clear value-add opportunity through cosmetic renovation. The property’s standout feature is its unrestricted short-term rental eligibility near the Empire Polo Grounds, ensuring robust seasonal demand. Complemented by 24-hour gated security, resort pools, and the 7-rated Dr. Reynaldo J. Carreon Jr. Academy, this is an ideal play 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 |
|---|---|---|---|---|---|---|
★ 48354 Stewart Drive K2 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 48304 Stewart Drive J1 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.
Built in 1982, this property's interior, particularly the kitchen, is significantly outdated. The kitchen features original-style white tiled countertops, older white appliances, and fluorescent lighting, indicating no major renovations in decades. The flooring is a mix of dated tile and worn carpet, and popcorn ceilings are visible. While the property appears functional and livable, it requires substantial cosmetic updates and appliance replacements to meet current standards, placing it firmly in the 'Fair' category. There are no apparent structural or safety defects that would classify it as 'Poor'.
Uniquely eligible for short-term rentals with no restrictions, offering strong income potential for investors or flexible desert retreats.
Features 24-hour gated security, two swimming pools (including a new resort-quality complex), a professional putting green, grass courtyards, and BBQ/fire pit areas.
Priced as an ideal starter home or investment, complemented by a low monthly HOA of $392 for extensive amenities.
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 = 667.
With 704 sq. ft., the property offers limited living area, which may not suit buyers seeking more spacious accommodations.
The residence features only one bathroom, which could be a practical limitation for multiple occupants or guests.
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 | 98 | 173 | 16% |
Jan 14, 2026
$230,000
Initial Listing
Jul 28, 2004
$828,000
Public Record