47788 Dancing Butterfly, La Quinta, CA 92253

Property Description

Are you looking for a home you can get $100,000 under asking price? Look no further!Discover an exceptional opportunity in the desirable Watercolors 55+ community, where comfort, convenience, and value come together. Situated on a desirable corner lot, this inviting home offers a spacious open floor plan enhanced by vaulted ceilings, creating a bright and welcoming atmosphere.The southwest-facing front courtyard is an ideal spot to enjoy afternoon sunshine and beautiful mountain views. Inside, the comfortable living area features a cozy fireplace, while the thoughtfully designed kitchen offers convenient pull-out drawers for added functionality. The primary suite provides a relaxing retreat with a generous walk-in closet, dual vanities, and a walk-in shower. Two additional guest bedrooms, a full guest bathroom, and indoor laundry complete the well-designed floor plan. Additional peace of mind comes with a newer heating and air conditioning system for year-round comfort. Residents of Watercolors enjoy low HOA fees along with access to a community pool, spa, and clubhouse/meeting room. Conveniently located near shopping, restaurants, parks, and healthcare services, this home offers an appealing combination of lifestyle and location. Watercolors is an income-restricted community. Buyer must occupy the property as a primary residence--no rentals, no cash purchases, and no investor buyers permitted. Financing must be secured through a lender familiar with the City of La Quinta Housing Authority program. This program includes a $103,000 silent second trust deed with the La Quinta Housing Authority (Buyer must be approved for $403k but you do not make payments on the silent second. So monthly payments are based on the $299k). Buyer must occupy the home as a primary residence--no rentals, no cash purchases, and no investors allowed. Buyers must meet income guidelines based on household size: 1 person 62,651 - 87,300: 2 people 71,601 - 99,750: 3 people 80,551 - 112,250: 4 people 89,501 - 124,700.