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48788 Classic Drive, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath

48788 Classic Drive, La Quinta, California 92253 home-pic-0
ACTIVE$699,000
48788 Classic Drive, La Quinta, California 92253
3Beds
3Baths
1,706Sqft
2,313Lot
Year Built
2007
Close
-
List price
$699K
Original List price
$815K
Price/Sqft
$410
HOA
$800
Days on market
-
Sold On
-
MLS number
NP25162624
Home ConditionGood
Features
Good View: Desert
Deck
Patio
ViewDesert

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(56th), sqft - 1706(50th), beds - 3(50th), baths - 3(50th).

SELLER MOTIVATED! RARE Opportunity to purchase both listings (48788 Classic Drive & 48796 Classic Drive) together for $1,390,000. Each Three-Bedroom unit includes a unique lockout feature that can be easily reconfigured as desired.This allows the units to be rented in three configurations; A Three-Bedroom, A Two-bedroom and a Studio or a One-Bedroom and Two Studios. This condo can be offered Fully furnished for a cost and ready to enjoy, this beautifully maintained 3BR/3BA villa that is One Story at Legacy Villas offers the ultimate in flexibility, comfort, and income potential. Ideally located directly across from the Clubhouse featuring resort-style pools, spas, fitness center, Legacy Grille, and tranquil fountains—this villa makes for a perfect vacation home or investment opportunity. AIRBNB APPROVED! Very busy during Coachella and Stagecoach events. Each bedroom is a private Lockout Suite, complete with its own separate entrance. This unique setup allows you to rent the entire villa as one, or divide it into two or three individual suites—maximizing rental income and offering a range of guest options. Enjoy serene views of the courtyard and one of the community’s 19 peaceful fountains from your main patios. Legacy Villas is a guard-gated community with unmatched amenities, including an 11,000+ sq. ft. clubhouse with meeting rooms, 12 saltwater pools, 11 spas, and the popular on-site Legacy Grill. This villa has served as both a successful income-producing rental and a cherished personal retreat. Whether you’re seeking a low-maintenance getaway or a vacation rental that pays for itself, this is the opportunity you’ve been waiting for.

Nearby schools

5/10
John Adams Elementary School
Public,•K-5•1.0mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•2.3mi
5/10
La Quinta Middle School
Public,•6-8•1.2mi
6/10
La Quinta High School
Public,•9-12•2.1mi
7/10
Palm Desert High School
Public,•9-12•4.0mi

Price History

Date
Event
Price
12/16/25
Price Change
$699,000-4.1%
12/01/25
Price Change
$729,000-4.0%
11/26/25
Price Change
$759,000-0.1%
11/05/25
Price Change
$759,900-1.2%
11/02/25
Price Change
$769,000-0.2%
10/15/25
Price Change
$770,500-0.8%
10/01/25
Price Change
$776,500-1.3%
08/26/25
Price Change
$786,500-1.1%
08/10/25
Price Change
$794,999-2.4%
07/18/25
$814,900
Condition Rating
Good
The property was built in 2007, placing it within the 10-20 year age range for a 'Good' score. The images show a well-maintained interior with clean, functional spaces. The kitchen features dark wood cabinetry, granite countertops, and black appliances, which, while in good condition, reflect the style of its build year rather than a recent, extensive renovation. Similarly, the bathrooms have matching dark wood vanities, granite tops, and tiled showers that are clean and well-kept but not ultra-modern. The patterned carpet in the living areas and bedrooms, along with the light fixtures, also align with the property's age. There are no visible signs of significant wear, damage, or deferred maintenance, making it move-in ready, but it has not undergone a full recent renovation to meet current 'Excellent' standards.
Pros & Cons

Pros

Exceptional Income Potential & Rental Flexibility: The unique lockout feature allows for three distinct rental configurations (3BR, 2BR+Studio, 1BR+2 Studios), maximizing rental income, especially as it's Airbnb approved and highly sought after during events like Coachella and Stagecoach.
Prime Location & Resort-Style Amenities: Ideally situated directly across from the clubhouse, offering immediate access to resort-style pools, spas, a fitness center, Legacy Grille, and within a guard-gated community with 12 saltwater pools and 11 spas.
Seller Motivation & Investment Opportunity: The 'SELLER MOTIVATED!' status indicates potential for negotiation, and the rare opportunity to purchase both listings together offers enhanced investment scale and flexibility.
Turnkey/Furnished Option: The option to purchase the villa fully furnished allows for immediate enjoyment or rental, reducing initial setup time and costs for investors or vacation home buyers.
Desirable One-Story Layout & Serene Views: A comfortable one-story villa offering ease of access and living, complemented by serene views of the courtyard and community fountains from the main patios.

Cons

High Monthly Association Fees: The $800.0 monthly association fee is substantial and can significantly impact the overall cost of ownership and potential investment returns.
Extensive Price Reduction History: Multiple significant price drops from the original list price suggest the property may have been initially overpriced or has faced challenges in attracting buyers at higher valuations.
Condominium Ownership Limitations: As a condominium, ownership comes with HOA rules and regulations that may restrict personal modifications or usage, and shared common areas might not appeal to all buyers seeking maximum privacy.

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