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48344 Stewart Drive, K1, Indio, CA 92201

$265K2bd · 1ba · 704 sqft
Lot 871 sqftHOA $392/moCondominium
Active
138d on marketMLS# 219141410

Property Description

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. Inside, the home features fresh, modern finishes including luxury vinyl plank flooring, recessed lighting, and a bright, open layout. The updated kitchen is thoughtfully designed with white cabinetry, quartz-style countertops, a subway tile backsplash, white appliances, and a breakfast bar that flows seamlessly into the living area—perfect for everyday living and casual entertaining. The light-filled living room creates a welcoming atmosphere, while both bedrooms are well-proportioned and filled with natural light. The bathroom has been tastefully refreshed with clean, contemporary finishes. 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.

Features & Amenities

Indian PalmsFeeBuilt 1982

Property Details

Subdivision
Indian Palms
Land Type
Fee
Year Built
1982
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
0
Heating
Central, Forced Air, Natural Gas
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
Flooring
Vinyl
Roof
Tile
City
Indio
Zip Code
92201
County
Riverside
Listed byKW Coachella Valley, Jelmberg Team·760-732-5867

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,339.98
Principal & Interest
Loan Amount
$212,000
Total Interest
$270,394
Total Payment Over 30 Years
$482,394
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Indian Palms

This property is located in Indian Palms, a community in Indio. Explore more listings in this neighborhood to compare options and pricing.

View Indian Palms Listings

Comparative Market Analysis

Affordable Tier · 5 active · 0 closed

48344 Stewart Drive, K1, Indio, CA 92201

Indian Palms · Indio · Condominium

$265K
Affordable Tier
Beds
2
Baths
1
Sqft
704
Lot
871 sqft
Year
1982
$/Sqft
$376
Pool: Yes
Spa: Yes

Comparable sales support the current list price.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $265K· $376/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $230K
+$35K (+15.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $340
+$36 (+10.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
82567 Avenue 48Indio198021704871$391$275,0006698
48324 Stewart DriveIndio198221704871$327$230,00011698
48334 Stewart DriveIndio198221704871$327$230,00011698
48304 Stewart DriveIndio198221704871$327$230,00011698
48314 Stewart DriveIndio198221704871$327$230,00011698
Total: 5 · Average2.01.0704871$339.8$239,000106
Median704$230,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.