Skip main navigation
For sale
  • Listing Provided by: 

    Michael Smith DRE #02119749 805-750-3800,

    Vacaystay Real Estate

    $1,675,000

    48713 Spring Rain Ct, Indio, CA 92201

    4beds
    2,667sqft
    : 
    Single Family Residence
    Built in 2004
    0.3 Square Feet Lot
    $1,625,800 Zestimate®
    $628/sqft
    $210/mo HOA

    What's special

    Quiet cul-de-sacMultiple outdoor game areas
    Turnkey Investor's Dream in the Prestigious Montage at Santa Rosa Community.A high-performing short-term rental on an oversized ~0.30-acre lot at the end of a quiet cul-de-sac inside Montage at Santa Rosa - one of Indio's most sought-after, permit-friendly gated neighborhoods. This property is already operating as a fully furnished, income-producing rental and has approximately $40,000 in booked revenue for April 2026 alone.The home features two true primary suites (dual primary bedrooms with ensuite baths), an expansive resort-style pool and spa, multiple outdoor game areas, and comes fully furnished, allowing guests to check in on day one.The large lot provides exceptional upside. The seller includes blueprints for a 3-car-garage + casita addition, which can expand the home to a 5-bed layout - mirroring other high-earning rentals in the community. There's also space for an outdoor kitchen or ADU to further boost nightly rates and long-term value.Located in a luxury enclave where a neighboring property recently sold for $3.2 million, Montage homes command premium rates thanks to their rare walkable proximity to Coachella and Stagecoach festival grounds.A rare opportunity to acquire land, income, and expansion potential in one of the desert's top-performing STR communities.Contact Mike Smith for a private showing and full financials.
    47 days
    |
    250
    |
    2
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 31, 2025 at 12:15pm

    Listing Provided by:

    Michael Smith DRE #02119749 805-750-3800,

    Vacaystay Real Estate

    Source: CRMLS,MLS#: 219137642DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Entry/Foyer
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Furnished
    • Flooring: Tile
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Furnished: Yes
    Interior area
    • Total interior livable area: 2,667 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Garage, Garage Door Opener
    • Attached garage spaces: 3
    • Uncovered spaces: 6
    Features
    • Levels: One
    • Stories: 1
    • Has private pool: Yes
    • Pool features: Electric Heat, In Ground, Tile
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.3 Square Feet
    • Features: Drip Irrigation/Bubblers, Sprinkler System
    Details
    • Parcel number: 602420031
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 2004

    Community & HOA

    Community
    • Features: Gated
    • Security: Security Gate, Gated Community, Key Card Entry
    • Subdivision: Montage At Santa Rosa
    HOA
    • Has HOA: Yes
    • Amenities included: Management, Other
    • HOA fee: $210 monthly
    Location
    • Region: Indio

    Financial & listing details

    • Price per square foot: $628/sqft
    • Tax assessed value: $1,249,499
    • Annual tax amount: $17,223
    • Date on market: 10/25/2025
    • Listing terms: Cash,Conventional,Contract,1031 Exchange
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    $1,625,800

    $1.54M - $1.71M

    $4,727/mo

    Price history

    Price history
    DateEventPrice
    11/20/2025Price change$12,500+19.6%$5/sqft
    Source: Zillow Rentals Report a problem
    10/26/2025Listed for sale$1,675,000+36.7%$628/sqft
    Source: Greater Palm Springs Realtors #219137642 Report a problem
    10/2/2025Price change$10,450-8.7%$4/sqft
    Source: Zillow Rentals Report a problem
    9/11/2025Listed for rent$11,450$4/sqft
    Source: Zillow Rentals Report a problem
    9/2/2025Listing removed$11,450$4/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$17,223 +1.8%$1,249,499 +2%
    2024$16,926 -16.8%$1,225,000 -17.2%
    2023$20,348 +1.8%$1,478,999 +2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $10,736/mo
    Principal & interest
    $8279
    Property taxes
    $1661
    Other costs
    $796

      Climate risks

      Neighborhood: 92201

      Nearby schools

      GreatSchools rating

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading
      • Loading