
La Quinta, California 92253
This Single Family Residence is a Strong Value Opportunity, listed at $429,900—positioned well below the $424,810 Fair Market Value (Note: Price reflects city-subsidized affordability). Featuring a Good Condition Rating, this 2006-built home offers an airy open floor plan, stainless steel appliances, and a private side courtyard. Residents enjoy community amenities including a pool, spa, and clubhouse. With its 55+ age restriction and city-backed silent second, this property is an ideal, stable sanctuary for active seniors or first-time buyers seeking an affordable, low-maintenance lifestyle in La Quinta.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 47755 Soft Moonlight Subject | $429,900* List Price | 3 | 2 | 1,337 | $315 | - |
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 | 0.0 mi |
C 47685 Dancing Butterfly Sold | $425,000 | 3 | 2 | 1,337 | $318 | 0.1 mi |
D 79338 Cool Reflection Active | $432,000 List Price | 3 | 2 | 1,337 | $323 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), the property falls within the 10-20 year range for a 'Good' rating. The home is well-maintained and move-in ready with updated laminate flooring and stainless steel kitchen appliances. While the tile countertops and cabinetry are original to the build, the overall condition is functional and clean with no visible deferred maintenance.
The property includes a $56,000 'silent second' from the City of La Quinta, providing substantial down payment assistance and lowering the effective loan amount for qualified buyers.
Built in 2006, the home offers a contemporary open floor plan with tall ceilings, a gas fireplace, and a kitchen featuring stainless steel appliances and a breakfast counter.
The HOA fee includes cable and internet services, while the property features artificial turf and access to community amenities like a pool, spa, and clubhouse.
Strict income limits, primary residency requirements, and a prohibition on rentals and cash purchases significantly narrow the pool of potential buyers.
With a modest 3,049 sqft lot, the outdoor area is limited to a side courtyard, which may not satisfy buyers looking for a traditional backyard or garden space.
This charming home features three bedrooms, two bathrooms, and approximately 1,337 square feet of living space. Situated in an interior location within the community, the property is set back from the street. Enjoy the convenience of an attached two-car garage with cabinets and a side courtyard with a patio and artificial turf. Step inside to discover an airy open floor plan, tall ceilings, and a cozy gas fireplace in the living room. The kitchen offers stainless steel appliances, a breakfast counter, and warm-toned cabinets. You'll also find a dedicated space for your washer and dryer with upper cabinets for additional storage. Watercolors offers a community pool, spa, and clubhouse, with low HOA dues that include cable and internet. Conveniently located near dining, shopping, and more, this home offers a comfortable and convenient place to call your own. Seniors 55+, are you looking for affordable housing in La Quinta to call your own? Welcome to Watercolors. This may be the home for you! So, this is how it works: The total purchase price, including the silent second, is $429,900. The buyer's purchase portion is $373,900, and the City of La Quinta provides a $56,000 silent second, for a total purchase price of $429,900. Your loan amount would be based on $373,900 minus your down payment, up to 20% (the down payment is separate from the $56,000 silent second). Watercolors is a moderate-income development that carries a silent second with the City of La Quinta. Potential buyers must meet income qualification criteria through the City of La Quinta and purchase the home as a primary residence. No rentals and no cash purchases. The 2025 combined gross income limits are:1 person: $68,901-$89,450; 2 people: $78,751-$102,250; 3 people: $88,601-$115,000; 4 people: $98,401-$127,800
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 | 3.0 | 3.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,337 | 2,476.5 |
| Lot Size | 3,049 | 8,712 |
| Price | $429.9K | $1.00M |
| Price per sq ft | $322 | $397 |
| Built year | 2006 | 2003 |
| HOA | $316.0 | $545 |
| Days on market | 63 | 71 |
May 20, 2026
$429,900
Initial Listing
Jan 29, 2019
$273,000
Public Record
Oct 20, 2006
$263,000
Public Record