48354 Stewart Drive K2, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath

48354 Stewart Drive K2
Indio, California 92201
Property Price
SUMMARY
Analysis of 48354 Stewart Drive K2, Indio, California 92201 is currently available with a list price of $230,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Indio Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1982, this property's interior, particularly the kitchen, is significantly outdated.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'.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Rental Income Potential
Uniquely eligible for short-term rentals with no restrictions, offering strong income potential for investors or flexible desert retreats.
- Resort-Style Community Amenities
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.
- Affordable Entry Point & Low HOA
Priced as an ideal starter home or investment, complemented by a low monthly HOA of $392 for extensive amenities.
CONSRISKS & DEFICIENCIES
- 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 = 667.
- Compact Living Space
With 704 sq. ft., the property offers limited living area, which may not suit buyers seeking more spacious accommodations.
- Single Bathroom
The residence features only one bathroom, which could be a practical limitation for multiple occupants or guests.
About 48354 Stewart Drive K2
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $392.0 / Month
Neighborhood Insights
Indio Unified Schools
Dr. Reynaldo J. Carreon Jr. Academy
Grades K-5 • 1.1 mi
Thomas Jefferson Middle School
Grades 6-8 • 1.0 mi
Indio High School
Grades 9-12 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 28% |
| Square foot | 704 | 1,094 | 22% |
| Lot Size | 871 | 1,167.5 | 44% |
| Price | $230.0K | $277.5K | 22% |
| Price per sq ft | $327 | $257 | 83% |
| Built year | 1982 | 1982 | 50% |
| HOA | $392.0 | $400 | 44% |
| Days on market | 53 | 157 | 6% |
Pricing History
Listed for Sale
Jan 14, 2026
$230,000
Initial Listing
Sold
Jul 28, 2004
$828,000
Public Record






















