48509 Via Encanto, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 2 bath

48509 Via Encanto, La Quinta, California 92253 home-pic-0
ACTIVE$698,000
48509 Via Encanto, La Quinta, California 92253
3Beds
2Baths
1,852Sqft
5,662Lot
Year Built
1990
Close
-
List price
$698K
Original List price
$729K
Price/Sqft
$377
HOA
$730
Days on market
-
Sold On
-
MLS number
219129440DA
Home ConditionFair
Features
Excellent View: Lake, Mountain(s), Panoramic
Patio
ViewLake, Mountain(s), Panoramic

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $698.0K(43th), sqft - 1852(33th), beds - 3(50th), baths - 2(35th).

The home is located in the Guard Gated Lake community of Laguna De La Paz. This three-bedroom and two-bathroom home, just under 1900 sq ft overlooks the lake with 180-degree spectacular views. The large living room has a gas log fireplace and opens to the dining room. The kitchen has granite tiled counters and a nice-sized eating area. The main bedroom suite, with plenty of sitting area, has a huge walk-in closet. The bathroom features a double vanity and separate soaking tub and a stall shower. The other two bedrooms are separated nicely from the main bedroom and share a bathroom. Third bedroom has been converted to a den/office. Lots of windows and sliding doors allow plenty of light. The outdoor features a wrap-around patio with two different sitting and entertaining areas. Great for a BBQ and enjoying friends. The home is ready for you to put your touches and upgrades and make it the perfect vacation or full-time home. The community features a 5-acre lake with electric and paddle boats, catch and release fishing, tennis and pickleball courts, a workout room, a clubhouse, pool table, green belts, 15 pools, and 16 spas. Close to the ''Best'' the Desert has to offer in restaurants, golf, tennis, concerts, Casinos, and entertainment. Old Town La Quinta and the La Quinta Resort and Spa are just down the street. A rare opertunity to own a lake front home.

Nearby schools

6/10
Harry S. Truman Elementary School
Public,K-51.1mi
5/10
John Adams Elementary School
Public,K-51.3mi
5/10
La Quinta Middle School
Public,6-81.1mi
6/10
La Quinta High School
Public,9-121.6mi
Condition Rating
Fair

Built in 1990, the property is 34 years old and shows significant signs of being outdated, particularly in the kitchen with granite tiled counters, older black appliances, and dated light fixtures. Carpets show wear, and wall finishes appear from an older era. The listing description explicitly states the home is 'ready for you to put your touches and upgrades,' indicating it requires cosmetic updates and modernization to meet current buyer expectations, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Panoramic Lake & Mountain Views: The property offers spectacular 180-degree views of the lake and surrounding mountains, a highly desirable and rare feature for a lakefront home.
Extensive Resort-Style Community Amenities: Located within the guard-gated Laguna De La Paz, residents enjoy a 5-acre lake with boating/fishing, 15 pools, 16 spas, tennis/pickleball courts, a fitness center, and clubhouse.
Prime La Quinta Location: The home is conveniently situated close to Old Town La Quinta, La Quinta Resort & Spa, and top desert attractions including dining, golf, and entertainment.
Spacious Master Suite Features: The main bedroom suite includes a generous sitting area, a huge walk-in closet, double vanity, and a separate soaking tub and stall shower.
Abundant Natural Light & Outdoor Living: Numerous windows and sliding doors ensure abundant natural light throughout the home, complemented by a wrap-around patio with two distinct sitting and entertaining areas.

Cons

Requires Updates/Modernization: The property description notes the home is 'ready for you to put your touches and upgrades,' suggesting potential for modernization to meet current buyer expectations and compete with updated comparables.
High Monthly Association Fees: The property carries a substantial monthly association fee of $730, which can significantly impact the overall cost of ownership.
Significant Valuation Discrepancy: The current listing price of $698,000 is considerably higher than the estimated property value of $411,031.58, indicating a potential overpricing issue or a need for a significant price adjustment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state