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

48364 Stewart Drive K3
Indio, California 92201
Property Price
SUMMARY
Analysis of 48364 Stewart Drive K3, Indio, California 92201 is currently available with a list price of $255,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Short-Term Rental Eligibility
The property is uniquely eligible for short-term rentals with no restrictions, offering significant income potential for investors or flexible use for owners.
- Extensive Community Amenities
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.
- Low HOA with High Value
A low monthly HOA fee of $392 provides access to a wide array of premium community amenities, representing excellent value.
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 = 660.
- Compact Living Space
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.
- Older Construction Year
Built in 1982, the property is older, which could imply dated finishes or potential for future maintenance and renovation costs compared to newer constructions.
About 48364 Stewart Drive K3
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 | $255.0K | $277.5K | 39% |
| Price per sq ft | $362 | $257 | 94% |
| Built year | 1982 | 1982 | 50% |
| HOA | $392.0 | $400 | 44% |
| Days on market | 53 | 157 | 6% |
Pricing History
Listed for Sale
Jan 14, 2026
$255,000
Initial Listing
Sold
Jul 28, 2004
$828,000
Public Record





















