48364 Stewart Drive K3, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath
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Indio, California 92201
This Short-Term Rental Eligible Condominium offers a turnkey entry into the gated Indian Palms Country Club with a List Price of $255,000, reflecting a stable valuation relative to its $246,772 Fair Market Value. Boasting a Good Condition Rating, the residence features modern kitchen updates and a private greenbelt patio. Beyond the resort-style pools and putting greens, the location provides access to the 7-rated Dr. Reynaldo J. Carreon Jr. Academy. This property is a strategic choice for short-term rental investors or first-time buyers seeking a high-amenity desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48364 Stewart Drive K3 Subject | $255,000* List Price | 2 | 1 | 704 | $351 | - |
A 82567 Avenue 48 8 Sold | $239,000 | 2 | 1 | 704 | $339 | 0.4 mi |
B 49380 Eisenhower Drive Sold | $325,000 | 2 | 2 | 982 | $331 | 0.9 mi |
C 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 move-in ready.
Built in 1982, the property has undergone significant updates that make it move-in ready. The kitchen features modern white cabinets, updated countertops (likely quartz or high-quality laminate), and clean white appliances. The bathroom also shows updated vanity, sink, and fixtures. Light-colored laminate flooring throughout the living areas and kitchen, along with fresh paint, contribute to a contemporary and well-maintained feel. While the appliances are white and not the latest stainless steel, they appear functional and clean. The overall condition suggests renovations within the last 5-15 years, aligning with the 'Good' criteria for a well-maintained home with updated components, despite its original older construction year.
The property is uniquely eligible for short-term rentals with no restrictions, offering significant income potential for investors or flexible use for owners.
Ownership includes access to 24-hour gated security, two swimming pools (one resort-quality), grass courtyards, a professional putting green, and a barbecue/fire pit area, enhancing lifestyle and value.
A low monthly HOA fee of $392 provides access to a wide array of premium community amenities, representing excellent value.
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.
With only 704 sq. ft. of living space, the property is quite compact, which may limit appeal for those requiring more room or larger households.
Built in 1982, the property is older, which could imply dated finishes or potential for future maintenance and renovation costs 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 | $255.0K | $280.0K | 40% |
| Price per sq ft | $362 | $260 | 92% |
| Built year | 1982 | 1981 | 52% |
| HOA | $392.0 | $400 | 40% |
| Days on market | 98 | 173 | 16% |
Jan 14, 2026
$255,000
Initial Listing
Jul 28, 2004
$828,000
Public Record