50351 Monroe St, Indio, California 92201, Indio, 92201 - 3 bed, 3 bath

50351 Monroe St, Indio, California 92201 home-pic-0
ACTIVE$3,500,000
50351 Monroe St, Indio, California 92201
3Beds
3Baths
2,552Sqft
32,234Lot
Year Built
1947
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$1,371
HOA
-
Days on market
-
Sold On
-
MLS number
250025638SD
Home ConditionPoor
Features
Excellent View:
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $3.50M(100th), sqft - 2552(86th), beds - 3(50th), baths - 3(50th).

50351 Monroe St. isn’t just a home—it’s an opportunity unlike any other in the Coachella Valley. Surrounded on three sides by the iconic Empire Polo Grounds, this property places you in the heart of one of the most sought-after entertainment destinations in the world. Yes, that Empire Polo Grounds—home to the Coachella and Stagecoach music festivals. From the backyard, you can see stages and feel the energy that brings thousands to the desert every year. Set on nearly 0.74 acres, this single-story home offers approximately 2,552 square feet of space with 3 bedrooms and 1.5 bathrooms. The interior is in original condition, making it a rare blank canvas for someone ready to reimagine its potential. Whether you're envisioning a personal retreat, a vacation rental, or something entirely unique, the location alone opens the door to countless possibilities. Properties with this kind of proximity, privacy, and potential almost never hit the market. This is more than a renovation project—it's a chance to create something extraordinary in a location that’s truly one-of-a-kind!

Condition Rating
Poor

Built in 1947, the property is explicitly described as being in 'original condition' and requiring 'extensive renovation.' The images confirm this, showing a severely outdated kitchen with exposed walls, very old cabinetry, dated tile flooring, and appliances that are either old or mismatched. The overall aesthetic is one of significant disrepair, particularly in the kitchen/utility areas where walls appear to be unfinished or damaged. The single 1.5 bathroom count for a 3-bedroom home of this size and age further indicates a need for complete modernization. While the structure may not be 'beyond repair,' it clearly requires substantial rehabilitation, including major system replacements (plumbing, electrical, HVAC) and a complete overhaul of all interior finishes and fixtures, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 32234, living area = 2552.
Unparalleled Location: Directly borders the iconic Empire Polo Grounds on three sides, offering unique access and views of major events like Coachella and Stagecoach festivals.
High Income Potential: The prime location makes it an exceptional candidate for a high-demand, high-revenue vacation rental, especially during peak festival seasons.
Significant Lot Size: Spanning nearly 0.74 acres (32,234 sqft), the property offers ample space for expansion, extensive landscaping, or adding luxury amenities.
Renovation Opportunity: Described as a 'rare blank canvas' in original condition, it presents a unique opportunity for a buyer to customize and add substantial value.
Exclusivity & Rarity: Properties with this specific combination of proximity, privacy, and potential in such a sought-after location are extremely rare to market.

Cons

Extensive Renovation Required: The interior is in 'original condition,' indicating significant investment will be needed for modernization and upgrades.
Limited Bathroom Count: With only 1.5 bathrooms for 3 bedrooms and 2,552 sqft, the property has a low bathroom-to-bedroom ratio, which may be inconvenient for a family or multiple guests.
Age of Property: Built in 1947, the home's age suggests potential for outdated infrastructure (plumbing, electrical, HVAC) that may require costly repairs or replacements.

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