48680 Legacy Drive, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath
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La Quinta, California 92253
This Flexible Rental Condominium is a High-Potential Investment Opportunity, listed at $799,000—positioned slightly above the $769,702 Fair Market Value. While priced at a premium, the property’s Good Condition Rating and unique lock-off configuration provide exceptional income-generating versatility. Residents enjoy resort-style amenities, including 12 saltwater pools and proximity to major events like Coachella. With its strategic design and high-demand location, this asset is an ideal acquisition for Buy-and-Hold Investors or Vacation Home Buyers seeking a turnkey, income-producing property in La Quinta.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48680 Legacy Drive Subject | $799,000* List Price | 3 | 3 | 1,706 | $451 | - |
A 48745 Classic Drive Sold | $785,000 | 3 | 3 | 1,706 | $460 | 0.0 mi |
B 48637 Classic Drive Sold | $710,000 | 3 | 3 | 1,706 | $416 | 0.1 mi |
C 48597 Classic Drive Sold | $715,000 | 3 | 3 | 1,706 | $419 | 0.1 mi |
D 48561 Classic Drive Sold | $700,000 | 3 | 3 | 1,706 | $410 | 0.1 mi |
E 48688 Legacy Drive Sold | $585,000 | 2 | 3 | 1,307 | $448 | 0.0 mi |
F 77738 Heritage Drive Sold | $700,000 | 3 | 3 | 1,706 | $410 | 0.1 mi |
G 77672 Tradition Drive Sold | $900,000 | 3 | 3 | 1,837 | $490 | 0.1 mi |
H 48673 Classic Drive Sold | $575,000 | 2 | 2 | 1,307 | $440 | 0.1 mi |
I 48717 Classic Drive Pending | $799,000 List Price | 3 | 3 | 1,706 | $468 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is exactly 20 years old and remains in well-maintained, move-in ready condition. While the bathroom tiling and carpet reflect the original construction style, the inclusion of newer high-end appliances and the overall cleanliness of the systems and finishes align with the 'Good' criteria for functional, mid-aged homes.
The unique lock-off design allows the property to be utilized as a 3-bedroom home or divided into separate rental units, significantly maximizing potential short-term rental income.
Located in Legacy Villas, the property offers access to 12 saltwater pools, 11 spas, a fitness center, and an on-site restaurant, providing a high-end vacation experience for owners and guests.
The property is ideally positioned to capitalize on high-demand seasonal events, including the Coachella and Stagecoach music festivals and the BNP Paribas Open tennis tournament.
The monthly HOA fee of $965 is substantial, which may impact the net cash flow for investors and increase the overall carrying costs for the owner.
The listing indicates no specific view, which may be a competitive disadvantage in a resort market where mountain or pool vistas are highly sought after by buyers and renters.
Beautifully appointed 3-bedroom, 3-bathroom condo featuring newer high-end appliances and exceptional rental flexibility. Thanks to its lock-off configuration, the property can be rented as a spacious 3-bedroom unit, a 2-bedroom with a separate studio, or a 1-bedroom with two separate studios—offering outstanding income potential. The unit also includes a private one-car garage for added convenience. Located within the highly desirable Legacy Villas community, residents and guests enjoy resort-style amenities, including 12 saltwater pools, 11 spas, outdoor fire pits, tranquil fountains, a hammock garden, fitness center, clubhouse, and the Legacy Grille restaurant. This property is in high demand during the winter season, as well as for world-renowned events such as the BNP Paribas Open tennis tournament and the Coachella and Stagecoach music festivals, making it an excellent investment opportunity or vacation home.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,706 | 1,774.5 |
| Lot Size | - | 2,613 |
| Price | $799.0K | $694.2K |
| Price per sq ft | $468 | $381 |
| Built year | 2006 | 1986 |
| HOA | $965.0 | $780 |
| Days on market | 22 | 73 |
Jun 30, 2026
$799,000
Initial Listing
May 21, 2021
$550,000
Public Record
Dec 18, 2009
$335,000
Public Record
Dec 31, 2008
$300,000
Public Record