Indian Palms
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48364 Stewart Drive, K3, Indio, CA 92201

$255K2bd · 1ba · 704 sqft
Lot 871 sqftHOA $392/moCondominium
Active
138d on marketMLS# 219141412

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.

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, Tile
Roof
Tile
City
Indio
Zip Code
92201
County
Riverside
Listed byKW Coachella Valley, Jelmberg Team·760-732-5867

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,289.42
Principal & Interest
Loan Amount
$204,000
Total Interest
$260,191
Total Payment Over 30 Years
$464,191
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

48364 Stewart Drive, K3, Indio, CA 92201

Indian Palms · Indio · Condominium

$255K
Affordable Tier
Beds
2
Baths
1
Sqft
704
Lot
871 sqft
Year
1982
$/Sqft
$362
Pool: Yes
Spa: Yes

Comparable sales support the current list price.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $255K· $362/sqft
Total list price
Closed compsinsufficient comp data
Active comps
vs active median $230K
+$25K (+10.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $340
+$22 (+6.5%)

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.