48696 Legacy Drive, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath
Loading property details...
La Quinta, California 92253
This villa represents a High-Potential Investment Opportunity, listed at $759,000—positioned above the $735,100 Fair Market Value. While priced slightly above market, the property offers unique Lockout Configuration capabilities, allowing for three independent rental units. With a Good Condition Rating, this turnkey asset features a Granite Kitchen, Private Garage, and access to 12 Saltwater Pools. Its prime location near major music festivals ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a high-yield, resort-style property.
Luxury 3-bedroom villa in La Quinta's Legacy Villas. Turnkey short-term rental with lockout units, private garage, and resort amenities. Perfect investment asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48696 Legacy Drive Subject | $759,000* List Price | 3 | 3 | 1,706 | $436 | - |
A 48717 Classic Drive Sold | $740,000 | 3 | 3 | 1,706 | $434 | 0.0 mi |
B 48788 Classic Drive Sold | $678,900 | 3 | 3 | 1,706 | $398 | 0.1 mi |
C 48637 Classic Drive Sold | $710,000 | 3 | 3 | 1,706 | $416 | 0.1 mi |
D 48616 Legacy Drive Sold | $542,500 | 2 | 2 | 1,307 | $415 | 0.0 mi |
E 48561 Classic Drive Sold | $700,000 | 3 | 3 | 1,706 | $410 | 0.1 mi |
F 48745 Classic Drive Sold | $785,000 | 3 | 3 | 1,706 | $460 | 0.1 mi |
G 48597 Classic Drive Sold | $715,000 | 3 | 3 | 1,706 | $419 | 0.1 mi |
H 48688 Legacy Drive Sold | $585,000 | 2 | 3 | 1,307 | $448 | 0.0 mi |
I 48680 Legacy Drive Active | $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 2005, the property is approximately 19 years old, placing it squarely in the 'Good' category. The kitchen and bathrooms feature well-maintained granite countertops and dark wood cabinetry that remain functional and move-in ready. The interior shows pride of ownership with clean flooring and updated furnishings, requiring no immediate maintenance for its intended use as a high-end rental.
The unique lockout configuration allows the 3-bedroom villa to be rented as three independent units, significantly maximizing short-term rental income and occupancy potential.
Located in a guard-gated enclave, the property offers access to 12 saltwater pools, a clubhouse, and a fitness center, all within walking distance to the La Quinta Resort.
The villa is sold fully furnished and includes rare features for the community, such as a private garage, in-unit laundry, and direct patio access from every bedroom.
The monthly association fee of $965 is substantial, which may impact the net ROI for investors and increase the overall cost of ownership.
Built in 2005, the interior finishes may soon require cosmetic updates to maintain a premium competitive edge against newer luxury short-term rental inventory.
Nestled within the prestigious, guard-gated enclave of Legacy Villas, this highly desirable ground-floor 3-bedroom, 3-bathroom villa offers the ultimate blend of luxury living and high-yield investment potential. Sold turnkey furnished, this property is fully optimized for short-term rentals, seasonal hosting, and a 1031 exchange. All 3 of the ensuite bedrooms feature independent lockout capabilities. Rent them as 3 separate units or one large 3 bedroom villa. This villa includes a rare private garage and in-unit laundry. Luxury amenities includes a great room with gas fireplace, breakfast bar, well appointed kitchen, and spa-like baths featuring walk-in showers and two with deep soaking tubs. Outdoor living features each bedroom opening directly to its own private patio overlooking pristine, manicured grounds, with swimming pool and mountain views. Legacy Villas is set amidst 44 acres of pet-friendly grounds 12 saltwater pools, an adult lap pool, zero entry family pool, 11 spas, clubhouse and fitness center with well-equipped gym, a hammock zone and fireside lounge. A walking and golf cart path leads to the adjacent La Quinta Resort. Prime location just minutes from world-class attractions including Indian Wells Tennis, Coachella & Stagecoach music festivals, championship polo grounds, and local favorites like Trader Joe's.
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 | $759.0K | $694.2K |
| Price per sq ft | $445 | $381 |
| Built year | 2005 | 1986 |
| HOA | $965.0 | $780 |
| Days on market | 44 | 73 |
Jun 8, 2026
$759,000
Initial Listing
Feb 9, 2009
$320,000
Public Record