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48364 Stewart Drive K3, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath

48364 Stewart Drive K3, Indio, California 92201 home-pic-0
ACTIVE$255,000$704/sqft
48364 Stewart Drive K3, Indio, California 92201
2Beds
1Bath
704Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Short-Term Rental Potential: The property is explicitly approved for short-term rentals with no restrictions, presenting a rare and standout investment opportunity for consistent income generation.
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 = 660.

Compared to the nearby listings

Price:$255.0K vs avg $299.5K ($-44,500)33%
Size:704 sqft vs avg 1,095 sqft28%
Price/sqft:$362 vs avg $27094%

More Insights

Built in 1982 (44 years old).
Condition: Built in 1982, this property has been updated, making it move-in ready. The kitchen features modern-looking white cabinets and new marble-look countertops, though the appliances are white and functional rather than high-end stainless steel. The bathroom is clean with an updated vanity and fixtures. Light wood-look laminate flooring throughout the main living areas and recessed lighting contribute to a fresh, contemporary feel. While not a full high-end renovation, the updates are significant enough to place it in good condition, requiring no immediate renovations.
Year Built
1982
Close
-
List price
$255K
Original List price
$255K
Price/Sqft
$362
HOA
$392
Days on market
-
Sold On
-
MLS number
219141412DA
Home ConditionGood
Features
Good View:
Patio
View-

About this home

Rare Short-Term Rental Investment Opportunity in Indian Palms Country Club!This updated 2-bedroom, 1-bath residence offers approximately 704 sq. ft. (EST.) of efficient, well-designed living space and is approved for short-term rentals with no rental restrictions--a standout opportunity within the community. Ideally located just minutes from the Empire Polo Grounds, home to the world-famous Coachella and Stagecoach music festivals, as well as nearby dining, shopping, and entertainment, this property is perfectly positioned to capture strong year-round rental demand. All four units in Building K are available for sale, presenting a rare opportunity for investors seeking a multi-unit acquisition or portfolio expansion within the same building. The monthly HOA of $392 includes 24-hour gated security, two community pools and a spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen--enhancing guest appeal while helping to manage operating costs. An excellent opportunity for investors, 1031 exchange buyers, or those seeking a flexible desert retreat with proven income potential.

J
Jelmberg Team
Listing Agent

Nearby schools

7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,•K-5•1.1mi
3/10
Thomas Jefferson Middle School
Public,•6-8•1.0mi
4/10
Indio High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
07/28/04
Sold
$828,000
Condition Rating
Good
Built in 1982, this property has been updated, making it move-in ready. The kitchen features modern-looking white cabinets and new marble-look countertops, though the appliances are white and functional rather than high-end stainless steel. The bathroom is clean with an updated vanity and fixtures. Light wood-look laminate flooring throughout the main living areas and recessed lighting contribute to a fresh, contemporary feel. While not a full high-end renovation, the updates are significant enough to place it in good condition, requiring no immediate renovations.
Pros & Cons

Pros

Exceptional Short-Term Rental Potential: The property is explicitly approved for short-term rentals with no restrictions, presenting a rare and standout investment opportunity for consistent income generation.
Strategic Event-Driven Location: Ideally located just minutes from the Empire Polo Grounds (home to Coachella and Stagecoach) and nearby entertainment, ensuring strong year-round rental demand from event-goers and tourists.
Comprehensive Community Amenities: The $392 monthly HOA includes 24-hour gated security, two community pools, a spa, putt-putt course, laundry facilities, and barbecue areas, significantly enhancing guest appeal and managing operating costs.
Multi-Unit Investment Opportunity: All four units in Building K are available for sale, offering a unique chance for investors to pursue a multi-unit acquisition or expand their portfolio within the same building.
Updated and Efficient Living Space: The residence is described as an 'updated' 2-bedroom, 1-bath unit with approximately 704 sq. ft. of well-designed living space, making it appealing and move-in ready for renters.

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 = 660.
Compact Living Area: With approximately 704 sq. ft., the unit offers a relatively small living space, which may limit its appeal to some renters or buyers seeking more expansive accommodations.
Significant Monthly HOA Dues: The $392 monthly HOA fee is a notable recurring expense, which could impact the net profitability for investors, especially considering the unit's size.
Property Age: Built in 1982, the property is over 40 years old. While updated, older construction can sometimes lead to higher long-term maintenance costs or less modern infrastructure compared to newer developments.
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