50740 Santa Rosa Plaza 5, La Quinta, California 92253, La Quinta, 92253 - 1 bed, 1 bath

50740 Santa Rosa Plaza 5, La Quinta, California 92253 home-pic-0
ACTIVE$344,900
50740 Santa Rosa Plaza 5, La Quinta, California 92253
1Bed
1Bath
682Sqft
852Lot
Year Built
2003
Close
-
List price
$345K
Original List price
$345K
Price/Sqft
$506
HOA
$460
Days on market
-
Sold On
-
MLS number
219130953DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $344.9K(14th), sqft - 682(6th), beds - 1(11th), baths - 1(11th).

Located in one of the few developments in La Quinta where you can still get a permit to do daily and weekly short term vacation rentals, this sophisticated condo is the perfect choice for every kind of buyer! From investors looking for an income producing property, to snowbirds looking for a winter roost with the option to offset carry costs with off season rental income. Some owners occupy their units all year round! Don't be confused by the proximity to the Embassy Suites Hotel. Casitas Las Rosas is a separate entity. The units are NOT time shares or other fractional interest property. It is a condominium and with the exception of the HOA maintained common areas including four heated pools and spas, YOU OWN IT! Newly renovated and reimagined by Los Angeles based interior designer Arasinah, chic design, original fine art and superior comfort are incorporated though-out. The inviting bedroom is a haven of tranquility featuring a sumptuous king-size bed, Smart-TV, ample closet storage space, and room-darkening shades guaranteeing a serene and restful slumber. The living room is an embodiment of coziness with a fold out sofa, electric fireplace, and a 50'' Smart-TV. The fashionable kitchen begs to be used and savored; adorned with black granite countertops and modern appliances. An expansive countertop doubles up as a workspace, perfect for those wishing to blend business with leisure. Step outside onto your private patio and bask in the panoramic views of the Santa Rosa Mountains. It's a captivating spot to eat, work, or just bathe in the soft desert sun, armed with a good book or fueled with wonderful company. Centrally located in beautiful La Quinta, you're just steps away from the shops, galleries, restaurants and activities of vibrant Old Town La Quinta and Civic Center Park. The hiking trails of the Santa Rosa Mountains begin nearby. Coachella/Stagecoach music festivals and the world famous Indian Wells Tennis Gardens and PGA West are just a short drive away. Sellers will look at all offers including cooperating with a 1031x. Make one today!

Nearby schools

5/10
John Adams Elementary School
Public,K-50.1mi
5/10
La Quinta Middle School
Public,6-80.9mi
6/10
La Quinta High School
Public,9-122.7mi
Condition Rating
Excellent

This property, built in 2003, has been 'newly renovated and reimagined by Los Angeles based interior designer Arasinah,' indicating an extensive renovation within the last 5 years. The kitchen features modern black granite countertops and contemporary black appliances, as seen in the images, which are in excellent condition. The bedroom also appears freshly updated with clean carpets and modern fixtures. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Short-Term Rental Income Potential: The property is located in one of the few developments in La Quinta that permits daily and weekly short-term vacation rentals, offering significant income-generating opportunities for investors and snowbirds.
Designer Renovated Interior: Recently reimagined by a Los Angeles-based interior designer, the condo boasts chic design, original fine art, and superior comfort, appealing to discerning buyers and renters.
Exceptional Central Location: Steps away from Old Town La Quinta's shops, galleries, and restaurants, Civic Center Park, and a short drive to major attractions like Coachella/Stagecoach festivals, Indian Wells Tennis Gardens, and PGA West.
Private Patio with Mountain Views: The private patio offers panoramic views of the Santa Rosa Mountains, providing a captivating outdoor space for relaxation, dining, or work.
HOA Maintained Amenities: The community benefits from HOA-maintained common areas, including four heated pools and spas, enhancing the lifestyle and rental appeal for residents and guests.

Cons

Compact Living Space: With only 682 sqft and a 1 bed/1 bath configuration, the property offers limited space, which may not suit all buyer needs, especially those seeking larger accommodations or families.
Monthly HOA Fees: The association fee of $460.0/month adds a significant recurring cost to ownership, which can impact affordability and overall investment returns, particularly for full-time residents.
Potential for Transient Neighbors: While short-term rentals are a financial strength, they can lead to a higher turnover of temporary residents, potentially impacting the sense of community and quiet enjoyment for full-time occupants.

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