48789 Cascade Street, Indio, California 92201, Indio, 92201 - 5 bed, 4 bath
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Indio, California 92201
This Turnkey Short-Term Rental Estate is a Prime Investment Opportunity listed at $1,799,000—positioned below the $1,850,000 Fair Market Value by 2%. This valuation gap provides $51,000 in Instant Equity. Boasting an Excellent Condition Rating, the home features a Chef’s Kitchen with Thermador appliances and a Resort-Style Pool with Mountain Views on a 16,117 sqft lot. Located in a premier STR-approved community, it offers immediate income potential. This is a superior acquisition for Short-Term Rental Investors or Luxury Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48789 Cascade Street Subject | $1,749,000* List Price | 5 | 4 | 3,308 | $547 | - |
A 81102 Carefree Drive Sold | $1,600,000 | 6 | 5 | 3,446 | $464 | 0.3 mi |
B 48749 Renewal Street Sold | $1,950,000 | 6 | 5 | 3,346 | $583 | 0.2 mi |
C 49133 Jordan Street Sold | $1,325,000 | 5 | 4 | 3,468 | $382 | 0.5 mi |
D 48548 Meandering Cloud Street Sold | $1,500,000 | 5 | 4 | 3,308 | $453 | 0.3 mi |
E 81107 Carefree Drive Sold | $2,010,000 | 6 | 5 | 3,446 | $583 | 0.3 mi |
F 48706 Stillwater Street Sold | $1,875,000 | 6 | 5 | 3,560 | $527 | 0.2 mi |
G 48647 Renewal Street Active | $2,000,000 List Price | 5 | 5 | 3,308 | $605 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 2004, the property has undergone extensive high-end renovations within the last year, qualifying it for an excellent rating. The chef's kitchen features premium Thermador appliances and a modern marble LED island. Critical systems have been recently replaced, including HVAC units and pool equipment in 2025, and the entire interior was repainted in 2024, ensuring the home meets current quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 3308.
Located in a sought-after STR-friendly development and offered turnkey furnished, this property is perfectly positioned for immediate income generation or seamless use as a luxury vacation home.
The home features significant recent upgrades, including new HVAC units (2025), a new pool heater and motor (2025), and fresh interior paint (2024), offering peace of mind and reduced maintenance costs.
The assigned elementary, middle, and high schools all carry a rating of 3/10, which may be a deterrent for families seeking a primary residence in a high-performing school district.
The property has seen a substantial price increase since its July 2024 sale at $1.425M; despite a recent price cut, the current valuation may face appraisal challenges or buyer hesitation.
Welcome to Montage at Santa Rosa, a STR friendly development, where refined desert living meets resort-style comfort! This expansive 5-bedroom, 3.5-bath residence offers 3,308 square feet of thoughtfully designed living space, perfectly situated on an impressive 16,117 square foot lot and offered turnkey furnished--ideal for effortless personal enjoyment or immediate rental use. Designed for both everyday living and grand-scale entertaining, the open-concept layout features light-filled living spaces, soaring ceilings, and seamless indoor-outdoor flow. The chef's kitchen anchors the home with a large marble LED island with white wood cabinets and Thermador panel dishwasher, generous cabinetry, and ample prep space--perfect for hosting gatherings or accommodating guests. Step outside to a private backyard retreat reminiscent of a boutique resort. The beautifully landscaped grounds showcase a sparkling pool and spa, multiple lounge and entertaining areas, and ample space to relax under the desert sky--creating a true vacation-style experience year-round. With five well-appointed bedrooms, the home offers exceptional flexibility for guests, multi-generational living, or work-from-home needs. Located close to world-class golf, dining, shopping, and festival venues, this property is exceptionally well-suited as a primary residence, luxury vacation home, or income-producing short-term rental investment. Additional updates include a pool heater and motor replaced in April 2025, HVAC units replaced in July 2025, the interior of the house, garage door and trim painted in August 2024. Space, style, and STR flexibility--this is desert living at its best.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 2.4 mi
Grades 9-12 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 3,308 | 1,995 | 93% |
| Lot Size | 16,117 | 6,534 | 95% |
| Price | $1.75M | $569.0K | 96% |
| Price per sq ft | $529 | $299 | 97% |
| Built year | 2004 | 2004 | 50% |
| HOA | $210.0 | $222 | 48% |
| Days on market | 80 | 177 | 10% |
Apr 3, 2026
$1,749,000
$1,799,000
-3% Price Drop
Initial Listing
Feb 27, 2026
$1,799,000
$1,850,000
-3% Price Drop
Initial Listing
Feb 2, 2026
$1,850,000
Initial Listing
Jul 26, 2024
$1,425,000
Public Record
Feb 28, 2019
$737,500
Public Record
Feb 5, 2008
$565,000
Public Record