Rare Short-Term Rental Investment Opportunity in Indian Palms Country Club! This updated 2-bedroom, 1-bath residence offers approximately 704 sq. ft. (EST.) of efficient, well-designed living space and is approved for short-term rentals with no rental restrictions–a standout opportunity within the community. Ideally located just minutes from the Empire Polo Grounds, home to the world-famous Coachella and Stagecoach music festivals, as well as nearby dining, shopping, and entertainment, this property is perfectly positioned to capture strong year-round rental demand. All four units in Building K are available for sale, presenting a rare opportunity for investors seeking a multi-unit acquisition or portfolio expansion within the same building. The monthly HOA of $392 includes 24-hour gated security, two community pools and a spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen–enhancing guest appeal while helping to manage operating costs. An excellent opportunity for investors, 1031 exchange buyers, or those seeking a flexible desert retreat with proven income potential.
Property Details
Price:
$240,000
MLS #:
219141414DA
Status:
Active
Beds:
2
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
Indian Palms 31432
Listed Date:
Jan 6, 2026
Finished Sq Ft:
704
Lot Size:
871 sqft / 0.02 acres (approx)
Year Built:
1982
See this Listing
Schools
Interior
Appliances
Dishwasher, Gas Range, Microwave, Gas Oven, Refrigerator, Gas Water Heater
Cooling
Central Air
Flooring
Carpet, Tile
Heating
Central, Forced Air, Natural Gas
Interior Features
Open Floorplan
Window Features
Blinds
Exterior
Association Amenities
Barbecue, Pet Rules, Golf Course, Clubhouse, Clubhouse Paid
Community Features
Golf
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
Planned Unit Development
Parking Features
Guest, Unassigned
Pool Features
In Ground, Community
Roof
Tile
Security Features
24 Hour Security, Gated Community
Spa Features
Community, In Ground
Stories Total
1
Financial
Association Fee
392.00
Map
Community
- Address48374 Stewart Drive K4 Indio CA
- SubdivisionIndian Palms (31432)
- CityIndio
- CountyRiverside
- Zip Code92201
Subdivisions in Indio
- Aldea at Jackson
- Aliante
- Anastacia
- Arabian Gardens
- Bella Vida
- Bermuda Palms
- Bridge at Jefferson
- Caver Tract
- Caver Tract 31410
- Cheyenne Ranch
- Coronado Gardens
- Del Mar
- Desert Aire
- Desert Aire 31417
- Desert Collection
- Desert Grove
- Desert Groves 31419
- Desert River Estates
- Desert Shores 31492
- Desert Trace
- Encanto
- Espana
- Estacio
- First Editions
- Four Seasons Terra Lago FSTL
- FourSeasonsTerraLago
- Foxstone
- Foxstone 30904
- Gallery at Indian Springs
- Generations
- Generations 30905
- Gillette Park
- Haciendas 30906
- Happy Wanderer
- Heritage Palms CC
- Indian Palms
- Indian Palms 31432
- Indian Springs
- Jackson Park
- Jewell Park
- La Quinta Ridge
- Las Brisas I
- Las Brisas II
- Las Brisas North
- Las Brisas North 31439
- Las Colinas
- Madison Estates
- Madison Estates 31491
- Madison Ranch
- Montage at Santa Rosa
- Montage at Santa Rosa 31446
- Monte Vina
- Montego Dunes
- Monticello II
- Mountain Estates
- Mountain Estates 30907
- North Indio Rancho
- Not Applicable-311
- Oasis Palms
- Orchard 31494
- Outdoor Resorts CC
- Palazzo
- Palm Meadows
- Ponderosa Villas 30927
- Rancho Casa Blanca
- Rancho Casitas
- Regency Park
- Sandhurst Cove
- Santa Fe Homes
- Shadow Hills
- Shadow Hills 30915
- Shadow Hills Villas
- Shadow Lake Estates
- Shadow Ranch
- Shadow Ranch 30918
- Shields Ranch
- Sonora Wells
- Sonora Wells 30920
- Stonefield Estates
- Summer Breeze
- Sun City Shadow Hills
- Sun City Shadow Hills 30921
- Sun Dance
- Sun Dance 31475
- Sun Gold
- Sunburst
- Sunburst 30922
- Sundance IND 31496
- Sunny Side Estates
- Talavera
- Terra Lago
- Terra Lago 30924
- The Orchard
- The Orchard 31453
- Tres Flores
- Trilogy Polo Club
- Villa Montego
- Waring Palms
- Waring Palms 31486
- Whispering Palms
- Whittier Ranch
Market Summary
Property Summary
- Located in the Indian Palms (31432) subdivision, 48374 Stewart Drive K4 Indio CA is a Condo for sale in Indio, CA, 92201. It is listed for $240,000 and features 2 beds, 1 baths, and has approximately 704 square feet of living space, and was originally constructed in 1982. The current price per square foot is $341. The average price per square foot for Condo listings in Indio is $293. The average listing price for Condo in Indio is $293,703.
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48374 Stewart Drive K4
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