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48255 Monroe Street, 5, Indio, CA 92201

$280K2bd · 2ba · 998 sqft
Lot 1,023 sqft•HOA $700/mo•Condominium•
Active
•15d on market•MLS# 219154543

Property Description

SHORT SALE -- all offers subject to third-party lender approval. Top-floor condo with water views in the gated Quail Lakes Racquet Club, two blocks from the Empire Polo Grounds and minutes from Coachella and Stagecoach. Upgraded 2 bedroom, 2 bath, approximately 1,000 sq ft with bamboo flooring, custom paint, vaulted ceilings, and a remodeled kitchen with custom cabinetry, solid-surface countertops and stainless steel appliances. The living room opens to a private balcony overlooking the lakes, streams and waterfalls. The primary suite offers high ceilings, balcony access, mirrored wardrobes and an ensuite bath. In-unit laundry, one-car garage, and HVAC. HOA dues cover gas, water and trash. Residents enjoy a pool, spa, clubhouse, tennis and pickleball courts, and walking paths through landscaped grounds. Close to shopping, dining, golf and Highway 111 -- suited to full-time living, a seasonal retreat, or an investment. Year-round events at the Polo Grounds bring steady visitors to the area; buyer to verify HOA rental rules and any city permit requirements before counting on rental use. Seller is actively working with the lender and all written offers will be submitted for review. Buyer to verify all information including square footage, HOA dues, assessments and rental restrictions.

Features & Amenities

Property Details

Subdivision
Quail Lakes Racquet Club
Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Baseboard
Cooling
Air Conditioning, Ceiling Fan(s)
View
Lake, Pond, Pool, Reservoir, Trees/Woods
Flooring
Hardwood
City
Indio
Zip Code
92201
County
Riverside
Listed byBP Homes, Javier A Molina·760-861-1544

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,415.83
Principal & Interest
Loan Amount
$224,000
Total Interest
$285,700
Total Payment Over 30 Years
$509,700
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Quail Lakes Racquet Club

This property is located in Quail Lakes Racquet Club, a community in Indio. Explore more listings in this neighborhood to compare options and pricing.

View Quail Lakes Racquet Club Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

48255 Monroe Street, 5, Indio, CA 92201

Quail Lakes Racquet Club · Indio · Condominium

$280K
Affordable Tier
Beds
2
Baths
2
Sqft
998
Lot
1,023 sqft
Year
1980
$/Sqft
$281
Pool: No✓
Spa: No✓
View: water✓
Garage: 1-car✓

Listed 3.7% above the median closed sale of $270,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $280K· $281/sqft
Total list price
Closed comps
vs closed median $270K
+$10K (+3.7%)
Active comps
vs active median $283K
−$3K (−1.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $271
+$10 (+3.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
48255 Monroe StreetIndio198012857550$280$239,9006289
47395 Monroe StreetIndio1982221,0411,070$274$285,0003681
47395 Monroe StreetIndio1982221,0211,000$283$289,00022179
49156 Garland StreetIndio1984221,1400$248$282,9004878
82058 Odlum DriveIndio1975219572,934$272$260,0005874
Total: 5 · Average1.81.81,003.21,388.5$271.4$271,36085
Median1,021$282,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
48255 Monroe StreetIndio198011/20/202522998871$279,000$275,000$2760.991991
48255 Monroe StreetIndio198002/13/2026128570$249,000$242,000$2820.9715586
48255 MonroeIndio198001/07/2026229980$240,000$240,000$2401.006880
49041 Eisenhower DriveIndio198109/10/2026221,168867$295,000$270,000$2310.922379
47395 Monroe StreetIndio200203/08/2026229421,307$295,000$295,000$3131.0012073
Total: 5 · Average1.82.0992.61,015$264,400$264,400$268.4—77
Median998$270,000$270,000

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.