RealKey
‪(213) 433-7766‬

49398 Sherman Drive, Indio, California 92201, Indio, 92201 - 4 bed, 3 bath

49398 Sherman Drive, Indio, California 92201 home-pic-0
ACTIVE UNDER CONTRACT$735,000
49398 Sherman Drive, Indio, California 92201
4Beds
3Baths
2,495Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($700,854.79) is $34,145.21 (4%) lower than the list price ($735,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Rental Potential: The property is explicitly marketed as an 'Incredible Short-Term Rental Opportunity,' sold fully furnished and ready for immediate enjoyment or rental, making it highly attractive for investors.
Top Cons:
Active Under Contract Status: The property is currently 'Active Under Contract,' limiting immediate opportunities for new buyers to make offers or secure the property.

Compared to the nearby listings

Price:$735.0K vs avg $556.5K (+$178,550)83%
Size:2,495 sqft vs avg 1,890 sqft83%
Price/sqft:$295 vs avg $29849%

More Insights

Built in 2003 (22 years old).
Condition: Built in 2003, this property is 21 years old but has been 'beautifully upgraded' with 'recently installed luxury vinyl plank flooring' throughout most of the home. The kitchen features granite countertops and stainless steel appliances, which are modern updates. While the kitchen cabinets and bathroom vanities reflect an early 2000s style, they are well-maintained and functional. The property is presented as a 'turnkey gem' and appears move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria.
Year Built
2003
Close
-
List price
$735K
Original List price
$735K
Price/Sqft
$295
HOA
$316
Days on market
-
Sold On
-
MLS number
219137432DA
Home ConditionGood
Features
Excellent View: Golf Course
Pool
Spa
Patio
ViewGolf Course

About this home

Incredible Short-Term Rental Opportunity. Sold Fully Furnished! Welcome to your dream getaway in Indian Palms Country Club--a beautifully upgraded golf course home with private pool and spa, sold fully furnished and ready to enjoy or rent out immediately!Spanning 2,495 sq. ft., this spacious residence features 4 generous bedrooms and 2.5 bathrooms, making it the ideal vacation home or high-demand rental. The kitchen boasts granite countertops, stainless steel appliances, and an open-concept layout flooded with natural light. Recently installed luxury vinyl plank flooring adds warmth and style throughout the home (excluding kitchen). Step outside and take in breathtaking views of the Mountain Course's Signature 5th Hole Fairway from your private backyard oasis. Indian Palms Country Club offers resort-style amenities including 27 holes of championship golf, a fitness center, tennis and pickleball courts, pools/spas, gated security, and even a boutique hotel for your guests--all with low HOA dues.Just minutes from the world-renowned Coachella and Stagecoach music festivals, this is a prime location for both personal enjoyment and maximum rental potential. Don't miss your chance to own this turnkey gem!

Nearby schools

7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,•K-5•1.2mi
3/10
Thomas Jefferson Middle School
Public,•6-8•1.6mi
4/10
Indio High School
Public,•9-12•1.9mi
Condition Rating
Good
Built in 2003, this property is 21 years old but has been 'beautifully upgraded' with 'recently installed luxury vinyl plank flooring' throughout most of the home. The kitchen features granite countertops and stainless steel appliances, which are modern updates. While the kitchen cabinets and bathroom vanities reflect an early 2000s style, they are well-maintained and functional. The property is presented as a 'turnkey gem' and appears move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Exceptional Rental Potential: The property is explicitly marketed as an 'Incredible Short-Term Rental Opportunity,' sold fully furnished and ready for immediate enjoyment or rental, making it highly attractive for investors.
Private Outdoor Oasis & Golf Course Views: Features a private pool and spa with breathtaking views of the Mountain Course's Signature 5th Hole Fairway, offering a premium leisure experience.
Upgraded & Turnkey Interior: Boasts a beautifully upgraded interior with granite countertops, stainless steel appliances, luxury vinyl plank flooring, and an open-concept layout, presented as a 'turnkey gem'.
Resort-Style Community Amenities: Located within Indian Palms Country Club, offering extensive amenities including 27 holes of championship golf, fitness center, tennis/pickleball courts, pools/spas, gated security, and low HOA dues.
Prime Event Location: Situated just minutes from the world-renowned Coachella and Stagecoach music festivals, significantly boosting its appeal and rental potential during peak event seasons.

Cons

Active Under Contract Status: The property is currently 'Active Under Contract,' limiting immediate opportunities for new buyers to make offers or secure the property.
Listing Price Above Estimated Value: The listing price of $735,000 is 4% higher than the estimated property value of $700,854.79, potentially indicating it is priced above current market algorithms.
Average Local School Ratings: While schools are available, the middle school (Thomas Jefferson) has a rating of 3 and the high school (Indio High School) a rating of 4, which may not appeal to families prioritizing top-tier public education.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state