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48561 Classic Drive, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath

48561 Classic Drive, La Quinta, California 92253 home-pic-0
ACTIVE$745,000$1,706/sqft
48561 Classic Drive, La Quinta, California 92253
3Beds
3Baths
1,706Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property is located in one of the few communities that allow short-term rentals, explicitly stating 'Excellent income potential' and 'strong performance history,' making it highly attractive for investors.
Top Cons:
High Association Fees: The property carries a substantial association fee of $965.0 per month, which could significantly impact the overall cost of ownership or rental profitability.

Compared to the nearby listings

Price:$745.0K vs avg $699.0K (+$46,000)58%
Size:1,706 sqft vs avg 1,837 sqft48%
Price/sqft:$437 vs avg $37276%

More Insights

Built in 2006 (20 years old).
Condition: Built in 2006, this property falls within the 'good' category's age range. The kitchen features well-maintained wood cabinetry, granite countertops, and functional black appliances, consistent with its build year. Bathrooms also show good condition with matching wood vanities, granite, and tiled showers/tubs. While the style reflects the mid-2000s and isn't ultra-modern, all components appear clean, well-maintained, and move-in ready with no immediate renovations required. The property is described as 'turnkey furnished' and shows minimal wear and tear throughout.
Year Built
2006
Close
-
List price
$745K
Original List price
$745K
Price/Sqft
$437
HOA
$965
Days on market
-
Sold On
-
MLS number
25627137
Home ConditionGood
Features
Good View: Desert, Mountain(s), Trees/Woods
Patio
ViewDesert, Mountain(s), Trees/Woods

About this home

This beautiful ground-floor villa with Mountain Views is located in the highly desirable resort community of Legacy Villas in La Quinta, one of the few communities that allow short-term rentals. Excellent income potential. With included Garage AND EV Charger, this property offers comfort, privacy, and convenience for owners, seasonal visitors, or vacation guests. The villa features desirable ground floor location with expansive view patio in quiet location, 3 spacious bedrooms, each with its own bathroom, along with an open living and dining area, full kitchen, private patios, laundry, and private garage. Sold turnkey furnished, including furniture, decor, linens, and kitchenware, ready for immediate use as a private retreat or income property. Legacy Villas amenities include 12 community pools, 11 spas, fitness center, clubhouse, walking paths, fountains, hammock garden, on-site cafe, and a main pool area with cabanas, kid's splash zone, showers, and a beach-entry pool. Residents can also walk to the La Quinta Resort to enjoy golf, spa services, restaurants, and shops. Excellent rental potential with strong performance history. A fantastic opportunity to own a furnished villa in one of La Quinta's most popular resort communities. A must-see property.

D
Daniel Fried
Listing Agent

Nearby schools

5/10
John Adams Elementary School
Public,•K-5•1.2mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•2.1mi
5/10
La Quinta Middle School
Public,•6-8•1.4mi
6/10
La Quinta High School
Public,•9-12•2.1mi
7/10
Palm Desert High School
Public,•9-12•3.8mi

Price History

Date
Event
Price
10/28/15
Sold
$344,500
04/04/06
Sold
$775,000
Condition Rating
Good
Built in 2006, this property falls within the 'good' category's age range. The kitchen features well-maintained wood cabinetry, granite countertops, and functional black appliances, consistent with its build year. Bathrooms also show good condition with matching wood vanities, granite, and tiled showers/tubs. While the style reflects the mid-2000s and isn't ultra-modern, all components appear clean, well-maintained, and move-in ready with no immediate renovations required. The property is described as 'turnkey furnished' and shows minimal wear and tear throughout.
Pros & Cons

Pros

Exceptional Income Potential: The property is located in one of the few communities that allow short-term rentals, explicitly stating 'Excellent income potential' and 'strong performance history,' making it highly attractive for investors.
Resort-Style Amenities & Location: Situated in the 'highly desirable resort community of Legacy Villas' with extensive amenities including 12 community pools, 11 spas, fitness center, clubhouse, and an on-site cafe. It also offers walking access to the La Quinta Resort for golf, spa services, restaurants, and shops.
Turnkey Furnished: Sold fully furnished, including furniture, decor, linens, and kitchenware, allowing for immediate use as a private retreat or an income-generating rental property without additional setup costs.
Desirable Ground-Floor Layout & Features: Features a convenient ground-floor location with an expansive view patio, 3 spacious bedrooms each with its own bathroom, a private garage, and an EV charger, enhancing comfort and modern convenience.
Scenic Mountain Views: Offers beautiful Mountain Views from the villa, contributing to its aesthetic appeal and providing a serene backdrop for residents and guests.

Cons

High Association Fees: The property carries a substantial association fee of $965.0 per month, which could significantly impact the overall cost of ownership or rental profitability.
Potential for High Occupancy Turnover: While beneficial for income, the allowance of short-term rentals in a resort community can lead to frequent changes in neighbors and a less stable community feel, potentially affecting privacy and quiet enjoyment for full-time residents.
Limited Private Outdoor Space: As a villa, the private outdoor space is limited to an expansive view patio, which may not satisfy buyers seeking a larger private yard or garden area, common in other La Quinta properties.
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