Realkey.ai
RealKey
‪(213) 433-7766‬

48796 Classic, La Quinta, California 92253, La Quinta, 92253 - 3 bed, 3 bath

48796 Classic, La Quinta, California 92253 home-pic-0
ACTIVE$695,000$1,706/sqft
48796 Classic, La Quinta, California 92253
3Beds
3Baths
1,706Sqft
2,412Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Income Potential & Short-Term Rental Approval: Approved for Airbnb/VRBO with high demand during major events (Coachella, Stagecoach) and a community largely dedicated to short-term rentals, ensuring strong income generation.
Top Cons:
Substantial Monthly Association Fees: The $767 monthly association fee is high, significantly impacting the net income for investors and increasing the overall cost of ownership.

Compared to the nearby listings

Price:$695.0K vs avg $699.0K ($-4,000)49%
Size:1,706 sqft vs avg 1,837 sqft48%
Price/sqft:$407 vs avg $37265%

More Insights

Built in 2007 (19 years old).
Condition: Built in 2007, this property is 17 years old and appears to be very well-maintained, aligning with the 'Good' condition criteria. The kitchen features clean, functional dark wood cabinetry, granite countertops, and black appliances, which, while not the most current trend, are in good condition. Bathrooms are also clean with neutral tiling and functional fixtures. Flooring is a mix of well-kept carpet and tile. The overall impression from the images is a move-in ready home with minimal wear and tear, requiring no immediate renovations, though some buyers might consider cosmetic updates to the kitchen appliances or bathroom styles for a more modern aesthetic.
Year Built
2007
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$407
HOA
$767
Days on market
-
Sold On
-
MLS number
NP25278361
Home ConditionGood
Features
Good View: None
Deck
Patio
View-

About this home

SELLER MOTIVATED AND WILL LOOK AT ALL OFFERS! RARE Opportunity to purchase both listings (48788 Classic Drive & 48796 Classic Drive) together for $1,390,000. Each 3 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 is an approved short-term Rental for Airbnb and VRBO. There are 280 units and 260 of them are short-term rentals. 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.

R
Rima Masri
Listing Agent

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•1.3mi
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
09/28/07
Sold
$498,000
Condition Rating
Good
Built in 2007, this property is 17 years old and appears to be very well-maintained, aligning with the 'Good' condition criteria. The kitchen features clean, functional dark wood cabinetry, granite countertops, and black appliances, which, while not the most current trend, are in good condition. Bathrooms are also clean with neutral tiling and functional fixtures. Flooring is a mix of well-kept carpet and tile. The overall impression from the images is a move-in ready home with minimal wear and tear, requiring no immediate renovations, though some buyers might consider cosmetic updates to the kitchen appliances or bathroom styles for a more modern aesthetic.
Pros & Cons

Pros

High Income Potential & Short-Term Rental Approval: Approved for Airbnb/VRBO with high demand during major events (Coachella, Stagecoach) and a community largely dedicated to short-term rentals, ensuring strong income generation.
Flexible Lockout Suite Configuration: Unique 3-bedroom lockout feature allows for versatile rental options (e.g., 3-bedroom, 2-bedroom + studio, or 1-bedroom + two studios), maximizing occupancy and revenue streams.
Extensive Resort-Style Amenities: Located in a guard-gated community offering an 11,000+ sq. ft. clubhouse, 12 saltwater pools, 11 spas, fitness center, and on-site dining, enhancing guest experience and property appeal.
Prime Community Location: Situated directly across from the main clubhouse, providing convenient access to all major resort amenities and tranquil fountain views.
Turnkey & Well-Maintained Property: Offered as a beautifully maintained, single-story villa with the option to be fully furnished, making it an attractive, ready-to-use vacation home or rental investment.

Cons

Substantial Monthly Association Fees: The $767 monthly association fee is high, significantly impacting the net income for investors and increasing the overall cost of ownership.
Seller Motivation Indication: The explicit mention of 'SELLER MOTIVATED' may suggest a longer time on market, potential pricing issues, or an urgent need to sell, which could be perceived as a red flag by some buyers.
Condominium Ownership Restrictions: As a condominium, the property is subject to HOA rules and regulations, which, despite approved short-term rentals, may impose limitations on owner usage, modifications, or future rental policy changes.
Browse Properties by State Browse housing market trends by state