48796 Classic Drive, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath
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La Quinta, California 92253
This 3-bedroom, 3-bath condominium represents a High-Potential Investment Opportunity, listed at $694,000—positioned well below the $727,248 Fair Market Value by 4%. This valuation gap offers $33,248 in Instant Equity. Featuring a Good Condition Rating and a rare lock-off floorplan, this asset maximizes rental income potential. With stunning Santa Rosa Mountain views, access to 12 resort-style pools, and proximity to top-rated schools, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury desert getaway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48796 Classic Drive Subject | $694,000* List Price | 3 | 3 | 1,706 | $418 | - |
A 48788 Classic Drive Sold | $678,900 | 3 | 3 | 1,706 | $398 | 0.0 mi |
B 48717 Classic Drive Sold | $740,000 | 3 | 3 | 1,706 | $434 | 0.1 mi |
C 48637 Classic Drive Sold | $710,000 | 3 | 3 | 1,706 | $416 | 0.1 mi |
D 48561 Classic Drive Sold | $700,000 | 3 | 3 | 1,706 | $410 | 0.2 mi |
E 48597 Classic Drive Sold | $715,000 | 3 | 3 | 1,706 | $419 | 0.1 mi |
F 77738 Heritage Drive Sold | $700,000 | 3 | 3 | 1,706 | $410 | 0.2 mi |
G 77672 Tradition Drive Sold | $900,000 | 3 | 3 | 1,837 | $490 | 0.2 mi |
H 48616 Legacy Drive Sold | $542,500 | 2 | 2 | 1,307 | $415 | 0.2 mi |
I 48696 Legacy Drive Active | $759,000 List Price | 3 | 3 | 1,706 | $445 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property is approximately 17 years old, placing it firmly in the 'Good' category. The kitchen and living areas feature well-maintained original finishes, including granite countertops and stainless steel appliances. The unit appears move-in ready with functional systems and no immediate maintenance needs visible.
The rare 3-bedroom lock-off floorplan allows the property to function as three separate rental units, maximizing revenue in a city-approved short-term rental community.
Located within walking distance to La Quinta Resort & Club, the property offers access to 12 pools, 11 spas, a fitness center, and world-class golf and dining.
The villa features a southern-facing orientation that provides exceptional, unobstructed views of the Santa Rosa Mountains from the spacious covered patio.
The monthly association fee of $965 is relatively high, which may impact the net cash flow for investors or the monthly budget for vacation homeowners.
Being a second-level villa, the unit requires stair access, which could be a drawback for guests with mobility concerns or those preferring ground-floor convenience.
Additional photos on 6/17.Exceptional Legacy Villas opportunity featuring a rare 3-bedroom, 3-bath lock-off floorplan with the ability to function as three separate rental units for maximum income potential. Located within a City of La Quinta approved short-term rental community, this second-level villa offers stunning southern-facing Santa Rosa Mountain views from the spacious covered patio.Walking distance to La Quinta Resort & Club with access to fine dining, golf, and spa amenities. Ideally located near the clubhouse with resort-style pool, spa, fitness center, plus 11 additional pools and 10 spas throughout the community.Perfect as a luxury desert getaway, investment property, or both. One of the most flexible and income-producing floorplans in Legacy Villas.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 1.3 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 | 2,412 | 2,613 |
| Price | $694.0K | $694.2K |
| Price per sq ft | $407 | $381 |
| Built year | 2007 | 1986 |
| HOA | $965.0 | $780 |
| Days on market | 40 | 73 |
Jun 12, 2026
$694,000
Initial Listing
Sep 28, 2007
$498,000
Public Record