47630 Dancing Butterfly, La Quinta, California 92253, La Quinta, 92253 - 2 bed, 2 bath
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La Quinta, California 92253
This 55+ Single Family Residence represents a Strong Value Opportunity, listed at $419,000—positioned well above the $395,887 Fair Market Value by 5%. While the property requires a moderate-income qualification and the assumption of a $103,000 silent second mortgage, it offers a stable, move-in ready environment with a Condition Rating of 3. Featuring a fenced patio and an open-concept layout, this home is situated near La Quinta High School. It is an ideal acquisition for moderate-income buyers or active adult owner-occupants seeking long-term housing stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 47630 Dancing Butterfly Subject | $399,000* List Price | 2 | 2 | 1,231 | $318 | - |
A 47825 Endless Sky Sold | $422,900 | 3 | 2 | 1,337 | $316 | 0.1 mi |
B 79324 Rose Dawn Sold | $433,000 | 3 | 2 | 1,348 | $321 | 0.1 mi |
C 47685 Dancing Butterfly Sold | $425,000 | 3 | 2 | 1,337 | $318 | 0.0 mi |
D 79335 Rose Dawn Active | $415,000 List Price | 2 | 2 | 1,231 | $337 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property is approximately 17 years old, fitting the 10-20 year 'Good' criteria. The home appears well-maintained and move-in ready; while the kitchen features dated tile countertops and black appliances, the overall structure, flooring, and bathrooms are functional and clean.
The property features a $103,000 silent second mortgage through the La Quinta Housing Authority, providing a unique and significant equity advantage for qualified moderate-income buyers.
Built in 2007, the home offers a contemporary 'light and bright' interior with high ceilings and an open-concept kitchen, creating a spacious feel for a 1,231 square foot residence.
Located in the desirable Watercolors subdivision of La Quinta, this home offers a well-maintained and quiet environment specifically designed for active adult living.
The property is limited to moderate-income buyers and must be a primary residence, which significantly narrows the pool of potential purchasers and excludes all investors.
The listing explicitly prohibits cash purchases and requires the assumption of a silent second mortgage, adding complexity to the financing and escrow process.
Looking for a clean, affordable 55+ home in La Quinta! Look no further than this 2 bedroom, 2 bath home located in Watercolors, a community offering silent second mortgages through the La Quinta Housing Authority. This home is light and bright, with a large front window and high ceilings. The kitchen is open to the dining area as well as the family room and has tile countertops as well as a built in microwave, stove and dishwasher. At the rear of the home on opposite ends are the primary bedroom and secondary bedroom. Both are carpeted, with ceiling fans. Home has a nice sized fenced patio with a wrought-iron fence and slider into the home. As a moderate-income qualified property, this home has a $103,000 silent second to be assumed by the buyer. Must be a primary residence, financed (not a cash purchase). Guidelines for income are attached in the supplements tab.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,231 | 2,476.5 |
| Lot Size | 2,614 | 8,712 |
| Price | $399.0K | $1.00M |
| Price per sq ft | $324 | $397 |
| Built year | 2007 | 2003 |
| HOA | $316.0 | $545 |
| Days on market | 66 | 71 |
Jul 15, 2026
$399,000
$405,000
-1% Price Drop
Initial Listing
Jul 9, 2026
$405,000
$409,000
-1% Price Drop
Initial Listing
Jun 17, 2026
$409,000
$419,000
-2% Price Drop
Initial Listing
May 17, 2026
$419,000
Initial Listing
Feb 28, 2007
$250,000
Public Record