78229 Indigo Drive, La Quinta, California 92253, La Quinta, 92253 - 1 bed, 1 bath
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La Quinta, California 92253
This Turnkey Penthouse Condo is a Strong Value Opportunity, listed at $265,000—positioned well below the $269,123 Fair Market Value by 1.5%. This valuation gap offers $4,123 in Instant Equity. Featuring a Condition Rating of 3 with a modern, renovated kitchen and panoramic golf course views, this property offers a premium "lock-and-leave" lifestyle. Located near top-rated schools like Gerald R. Ford Elementary, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a refined, low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 78229 Indigo Drive Subject | $265,000* List Price | 1 | 1 | 763 | $353 | - |
A 78373 Terra Cotta Court Sold | $245,000 | 1 | 1 | 763 | $321 | 0.2 mi |
B 78209 Indigo Drive Sold | $270,000 | 1 | 1 | 763 | $354 | 0.0 mi |
C 78269 Scarlet Court Sold | $275,000 | 1 | 1 | 763 | $360 | 0.1 mi |
D 78347 Terra Cotta Court Sold | $275,000 | 1 | 1 | 763 | $360 | 0.1 mi |
E 78197 Indigo Drive Sold | $299,000 | 2 | 2 | 926 | $323 | 0.0 mi |
F 78069 Cobalt Court Sold | $320,000 | 1 | 1 | 763 | $419 | 0.1 mi |
G 78185 Indigo Drive Active | $279,000 List Price | 1 | 1 | 763 | $366 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989, the property has been significantly updated with a contemporary kitchen featuring high-gloss cabinetry, stone countertops, and stainless steel appliances. The interior is well-maintained and move-in ready, fitting the criteria for a property with a 5-15 year old renovation.
As a former builder's model and penthouse unit, this condo occupies a prime location within the development, offering superior elevated panoramic views of the golf course, lake, and mountains.
The HOA provides an all-inclusive lifestyle with access to golf, tennis, pickleball, pools, and gym, plus the added benefit of lower-cost IID utility rates compared to SCE.
The interior features a clean contemporary aesthetic with vaulted ceilings and an open-concept layout that maximizes natural light, making it an ideal 'lock-and-leave' property.
The $575 monthly association fee is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers or reduce net rental yields for investors.
With only 763 square feet and a single bedroom, the property offers a compact footprint that may not suit those requiring a home office or additional guest accommodations.
Rare upper level condo was the former Builders Model in Palm Royale. The best overall value in the city of La Quinta. This upper level penthouse condo is located in Palm Royale HOA which includes pools and spas throughout the community, clubhouse, building maintenance, pickleball courts, tennis courts, gym, Wifi and cable, and golf. Palm Royale is located directly across the street from the BNP Paribas Tennis facility. The condo is the best located unit in the development with elevated panoramic South East golf course, lake, and mountain views. Inside the condo it has a clean contemporary look which is perfect for someone seeking a lock n leave condo in the Coachella Valley. The living room has an open concept with amazing natural light from all angles, and vaulted ceilings. The balcony is perfect for entertaining guests and enjoying evening sunsets The power company for Palm Royale is IID which is historically way less expensive than SCE. Big Bonus! Please call today to schedule a private showing.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 763 | 1,774.5 |
| Lot Size | 752 | 2,613 |
| Price | $265.0K | $694.2K |
| Price per sq ft | $347 | $381 |
| Built year | 1989 | 1986 |
| HOA | $575.0 | $780 |
| Days on market | 57 | 73 |
May 26, 2026
$265,000
Initial Listing
Apr 22, 2011
$123,500
Public Record
Nov 2, 2006
$237,500
Public Record
Dec 6, 2000
$109,000
Public Record