
48364 Stewart Drive, K3, Indio, CA 92201
48364 Stewart Drive, K3, Indio, CA 92201
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. 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.
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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 ListingsComparative Market Analysis
Affordable Tier · 5 active · 4 closed
Indian Palms · Indio · Condominium
Listed 5.4% below the median closed sale of $269,500. Price per sqft ($362) is a 17% premium to closed comps ($310).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 82863 Crawford | Indio | 1981 | 2 | 1 | 704 | 730 | $320 | $225,000 | 3 | 99 |
| 82567 Avenue 48 | Indio | 1980 | 2 | 1 | 704 | 871 | $391 | $275,000 | 108 | 98 |
| 48304 Stewart Drive | Indio | 1982 | 2 | 1 | 704 | 871 | $327 | $230,000 | 158 | 98 |
| 48314 Stewart Drive | Indio | 1982 | 2 | 1 | 704 | 871 | $327 | $230,000 | 158 | 98 |
| 48324 Stewart Drive | Indio | 1982 | 2 | 1 | 704 | 871 | $327 | $230,000 | 158 | 98 |
| Total: 5 · Average | 2.0 | 1.0 | 704 | 842.8 | $338.4 | $238,000 | 117 | |||
| Median | 704 | $230,000 | ||||||||
Closed Properties (4)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82567 Avenue 48 | Indio | 1980 | 06/11/2026 | 2 | 1 | 704 | 871 | $258,000 | $254,000 | $361 | 0.98 | 0 | 99 |
| 82815 Davis Drive | Indio | 1981 | 05/12/2026 | 2 | 1 | 704 | 762 | $239,950 | $235,000 | $334 | 0.98 | 69 | 98 |
| 82098 Cochran Drive | Indio | 1984 | 07/01/2026 | 2 | 2 | 1,140 | 1,140 | $339,000 | $339,000 | $297 | 1.00 | 60 | 74 |
| 48938 Eisenhower Drive | Indio | 1979 | 06/29/2026 | 2 | 2 | 1,156 | 2,614 | $315,000 | $285,000 | $247 | 0.91 | 54 | 71 |
| Total: 4 · Average | 2.0 | 1.5 | 926 | 1,346.75 | $278,250 | $278,250 | $309.75 | — | 45.75 | ||||
| Median | 1,140 | $285,000 | $285,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.