We're halfway through summer here in the Palm Springs valley and, although the daytime highs can be daunting and most seasonal visitors have retreated to cooler climes, home sales remain brisk across the price spectrum. My La Quinta office alone continually posts weekly sales of $2M to $4M. However, for those interested in pouncing on a bank-owed foreclosure, the dimished number of homebuyers favors those physically here in the Coachella Valley or willing to return should a home bargain arise.
Here's such a bargain: a La Quinta lender-owned home that will go quickly to someone prepared to act decisively.
Located in Hidden Canyon , this gorgeous home has gone from being a short sale to a bank-owned REO with a grab-it-while-you-can pricetag. Now unencumbered by the arduous and often aborted short-sale process, this luxury home is essentially an easy-peasy straight sale bereft of hidden liens or costs.
Hidden Canyon is a small gated enclave of 169 luxury homes literally tucked into a curve of the Santa Rosa Mountains and just around the corner from the historic La Quinta Resort.
This particular home is a Ridge Gate 2, the fifth largest floorplan of the six. Because the casita option was employed, it boasts five bedrooms and the resultant square footage of 3589 makes it the largest floorplan available.
47805 Wind Spirit Drive has a prime location on the perimeter of the development and mountain views from both front and back yards. Sun warms the home's spacious interior through floor-to-ceiling windows and sliders, and the home has the coveted southern exposure.
Two living areas are demarcated by a dual-sided fireplace, and the greatroom features a huge kitchen space replete with Viking stove and Sub Zero fridge. Upgraded granite graces the countertops.
The southwest backyard has wrap-around in-your-face mountain views and a stunning lap pool and spa accented by a stacked-stone water feature.
Travertine runs throughout the house and a complete wet bar is tucked into a corner of the living room for impressive entertaining.
The homeowners paid $1.2M for the home when the development debuted in 2005. It is now bank priced at $748,300 ($208/sf).
The average price of the 8 homes currently for sale stands at $822K with a price-per-square-foot of $236.Two homes have gone into escrow just this month while 9 have sold within the past six months at a median sales price of $750K.
If you're desirous of country-club environs without the high HOAs, Hidden Canyon offers a superb alternative with its location near restaurants, shopping and SilverRock golf course, gorgeous homes, gated community, million-dollar vistas, and wonderful common areas. And, low HOAs of only $185.
Give me a call to see how I can make this home yours or if I can find you your own special desert pied a terre!
If this information provided valuable information about La Quinta and desert cities' real estate, subscribe to my blog via email or news feed. That way you'll be alerted whenever I post a new article on the desert market or compelling home bargains.
Check out my website atDesertRealtoryMary
If this information provided valuable information about La Quinta and desert cities' real estate, subscribe to my blog via email or news feed. That way you'll be alerted whenever I post a new article on the desert market or compelling home bargains.
Check out my website at DesertRealtoryMary
