$485,000
●
House -
Off Market
81239 Palm Meadows Drive
Indio, CA 92201
3 Beds
2 Baths
1,563 Ft²
$2,284
Est. Monthly
About This Property
Welcome to 81239 Palm Meadows Drive--an impeccably maintained
residence that combines comfort, style, and smart functionality in
one of Indio's most convenient locations. The home opens with a
striking custom door entry and a professionally designed desert
landscape that sets a warm, inviting tone. Inside, elegant
porcelain tile flooring spans the main living areas, offering
durability with timeless appeal.Designed for both effortless
entertaining and quiet relaxation, the spacious stucco-covered
patio is complete with dual ceiling fans and an expanded side
yard--ideal for enjoying serene desert vistas. A private suite
situated next to the office/den creates a flexible space perfect
for remote work or hosting overnight guests.Additional highlights
include plantation shutters throughout, a block wall surrounding
the property for added privacy, and an east-facing awning for
comfortable outdoor shade. The kitchen features granite slab
countertops, custom cabinetry, and nearly-new stainless steel
appliances. A water softening system and insulated garage door
further enhance the home's livability.Environmentally conscious
buyers will value the transferable solar panel system, contributing
to energy efficiency and long-term savings.Please Note: This is a
short sale and subject to lender approval
Unit Size
1,563 Ft²
Days on Market
60 days
Land Size
0.16 acres
Price per sqft
$298
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1996
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #219131434DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jun 22, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Equity Union | $465,000 | |
| Listed by Equity Union | |||
| Feb 6, 2024 | Sold | ||
| Sold | |||
| Dec 10, 2023 | Listed by Re/Max Desert Properties | $489,900 | |
| Listed by Re/Max Desert Properties | |||
| | |||
|
Centrally located in the city of festivals the home with a ton of upgrade starting with front desert landscape leading to entry of custom doors into a porcelain tile throughout the house except for the office/den. Stucco covered patio with fans suited for entertainment with extra wide side entrance given the ability to enjoy the peaceful and tranquil desert landscape after a longs day work or if working from home the office/den with a separate suite for privacy. Block wall surrounding property and east side of house an attached awing for extra shade and shutters throughout. Includes a water softer, stainless-steel range and microwave less than a year old, custom cabinet with granite slab. Not to mention insulate garage door and solar panels need to see to appreciate.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Indio
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Listed by: Lisa Scheinwald, Equity Union
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219131434DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219131434DA
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