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48304 Stewart Drive, J1, Indio, CA 92201

$230K2bd · 1ba · 704 sqft
Lot 871 sqftHOA $392/moCondominium
Active
165d on marketMLS# 219141927

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, Central Air
Flooring
Carpet, 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
$1,163.01
Principal & Interest
Loan Amount
$184,000
Total Interest
$234,682
Total Payment Over 30 Years
$418,682
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 · 4 closed

48304 Stewart Drive, J1, Indio, CA 92201

Indian Palms · Indio · Condominium

$230K
Affordable Tier
Beds
2
Baths
1
Sqft
704
Lot
871 sqft
Year
1982
$/Sqft
$327
Pool: Yes
Spa: Yes

Listed 14.7% below the median closed sale of $269,500.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $230K· $327/sqft
Total list price
Closed comps
vs closed median $285K
$55K (19.3%)
Active comps
vs active median $230K
$0 (0.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $338
$11 (3.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
82863 CrawfordIndio198121704730$320$225,000399
82567 Avenue 48Indio198021704871$391$275,00010898
48314 Stewart DriveIndio198221704871$327$230,00015898
48324 Stewart DriveIndio198221704871$327$230,00015898
48334 Stewart DriveIndio198221704871$327$230,00015898
Total: 5 · Average2.01.0704842.8$338.4$238,000117
Median704$230,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
82567 Avenue 48Indio198006/11/202621704871$258,000$254,000$3610.98099
82815 Davis DriveIndio198105/12/202621704762$239,950$235,000$3340.986998
82098 Cochran DriveIndio198407/01/2026221,1401,140$339,000$339,000$2971.006074
48938 Eisenhower DriveIndio197906/29/2026221,1562,614$315,000$285,000$2470.915471
Total: 4 · Average2.01.59261,346.75$278,250$278,250$309.7545.75
Median1,140$285,000$285,000

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.