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48255 Monroe Street 15, Indio, California 92201, Indio, 92201 - 1 bed, 1 bath

48255 Monroe Street 15, Indio, California 92201 home-pic-0
ACTIVE$169,000
48255 Monroe Street 15, Indio, California 92201
1Bed
1Bath
669Sqft
747Lot
Year Built
1980
Close
-
List price
$169K
Original List price
$169K
Price/Sqft
$253
HOA
$715
Days on market
-
Sold On
-
MLS number
219137992DA
Home ConditionGood
Features
Good View: Park/Greenbelt, Panoramic, Pond, Creek/Stream, Trees/Woods, Water
Deck
Pool
Spa
ViewPark/Greenbelt, Panoramic, Pond, Creek/Stream, Trees/Woods, Water

About this home

We found 3 Cons,5 Pros. Rank: price - $169.0K(5th), sqft - 669(15th), beds - 1(10th), baths - 1(45th).

A GEM in the much sought after Quail Lakes Racquet Club, a stone's throw from the Polo Grounds, Coachella Valley Music Festival, Stagecoach Music Festival, all the splendor & excitement that Polo provides & multiple art and athletic events It is a short drive to shopping, restaurants & entertainment. This 1 bdrm 1 bth condo has a view of majestic trees, lush gardens, a stream, ducks & beautiful indigenous birds. There is more: a lovely pool, spa & tennis courts. The unit is light, bright & freshly painted, so bring your sunglasses & your toothbrush, as it comes fully Turnkey furnished. It's a great rental, pied de terre, or fulltime residence. The kitchen has immaculate appliances including gas range, dishwasher, refrigerator, modern cabinets & countertops. Double pane windows & sliding glass doors make the property energy efficient. The air conditioning & heating system is 2 yrs old. A private balcony overlooks many pastoral gifts from Mother Nature. Inside the patio closet is a size washer & dryer. There is a roof antenna giving you FREE, hi definition local & network TV, which is Firestick & AppleTv compatible, meaning you have your own internet streaming service. This quiet stylish upstairs home is close to your own 1 car garage. The property is tastefully decorated & the kitchen is very well-appointed' The HOA covers ALL Utilities except electricity & is responsible for hot water, maintenance of the building's exterior, the roof, controlled front gate access, clubhouse, tennis courts, pool, spa, insurance, trash, the lush grounds & the beautiful meandering stream. Short term rentals during Festival Season permitted with HOA approval. A very special unit, in a very special community, at an amazing price.

Nearby schools

3/10
Mountain Vista Elementary School
Public,•K-6•1.0mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.0mi
3/10
Coachella Valley High School
Public,•9-12•4.3mi

Price History

Date
Event
Price
10/31/25
Listing
$169,000
01/27/10
Sold
$60,000
04/08/05
Sold
$119,954
05/03/94
Sold
$33,000
Condition Rating
Good
The property, built in 1980, benefits from several significant recent updates that elevate its condition. The air conditioning and heating system is only 2 years old, and it features energy-efficient double-pane windows. The kitchen has been updated with 'modern cabinets & countertops' and 'immaculate appliances,' presenting a clean and functional space. While the bathroom's tub surround and light fixture appear somewhat dated, the vanity is updated. The unit is freshly painted and described as 'turnkey furnished,' indicating it is move-in ready and well-maintained, aligning with the 'Good' score criteria for properties extensively renovated within the last 5-15 years, even if the original structure is older.
Pros & Cons

Pros

Prime Location & Event Proximity: Strategically located a stone's throw from the Polo Grounds, Coachella Valley Music Festival, and Stagecoach, making it highly desirable for event-goers and offering strong rental appeal.
Exceptional HOA Inclusions: The HOA covers nearly all utilities (except electricity), hot water, exterior maintenance, roof, gate access, clubhouse, tennis courts, pool, spa, insurance, trash, and grounds, significantly reducing owner expenses.
Turnkey & Modernized: Offered fully turnkey furnished, freshly painted, tastefully decorated, and features a 2-year-old AC/heating system and energy-efficient double-pane windows.
Strong Rental Income Potential: Explicitly permitted for short-term rentals during festival season with HOA approval, positioning it as an excellent investment for income generation.
Attractive Views & Community Amenities: Features a private balcony with serene views of majestic trees, lush gardens, and a stream, complemented by access to a community pool, spa, and tennis courts.

Cons

High Monthly HOA Fee: The $715.0 monthly HOA fee, despite its comprehensive inclusions, is a substantial recurring cost for a 1-bedroom unit, potentially impacting affordability for some buyers.
Limited Size & Configuration: The compact 1-bedroom, 1-bathroom layout at 669 sqft restricts its appeal to a specific demographic, primarily singles, couples, or investors, and may not suit those needing more space.
Building Age (1980): While the unit has recent upgrades, the 1980 construction year means the overall building infrastructure is older, which could lead to unforeseen maintenance or assessment costs not fully covered by the HOA in the long term.

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