
Indio, California 92201
This Short-Term Rental Eligible Condominium in Indian Palms Country Club is a strategic Asset listed at $240,000. While the price is positioned above the $208,619 Fair Market Value, the rare no rental restrictions status and high seasonal demand near the Empire Polo Grounds justify the valuation. The property maintains a Fair Condition Rating, featuring a private patio with a forested greenbelt view. Competitive with recent community sales and located near the 7-rated Dr. Reynaldo J. Carreon Jr. Academy, this is a high-potential acquisition for Short-Term Rental Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48374 Stewart Drive K4 Subject | $240,000* List Price | 2 | 1 | 704 | $296 | - |
A 82567 Avenue 48 8 Sold | $239,000 | 2 | 1 | 704 | $339 | 0.4 mi |
B 48354 Stewart Drive K2 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Built in 1982, this property is well-maintained but reflects its age with outdated features. The kitchen contains older white appliances and basic cabinetry, while the bathroom and light fixtures are functional but not modern. Although move-in ready and clean, the lack of a recent comprehensive renovation places it in the fair category.
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 = 722.
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 | $240.0K | $280.0K | 28% |
| Price per sq ft | $341 | $260 | 92% |
| Built year | 1982 | 1981 | 52% |
| HOA | $392.0 | $400 | 40% |
| Days on market | 99 | 174 | 16% |
Jan 14, 2026
$240,000
Initial Listing
Jul 28, 2004
$828,000
Public Record