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77781 Tradition Drive — La Quinta — 3 Beds • 3 Baths • 1,706 Sq Ft | Belmont Brokerage

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$825,000

$484/ft²

77781 Tradition Dr, La Quinta, CA 92253

Property Description

There is simply no other residence in Legacy Villas positioned quite like this one. This rare top-floor 3-bedroom, 3-bathroom residence enjoys sweeping, unobstructed 180-degree views of the Santa Rosa Mountains, a beautiful nearby fountain, and a peaceful setting well removed from the front gate. Two private balconies provide a front-row seat to spectacular desert sunrises, changing mountain colors, and the dramatic beauty of the surrounding landscape throughout the day. Designer furnished and offering approximately 1,706 square feet, the residence features 2 primary suites and an exceptionally flexible lock-off floor plan. Separate exterior entrances for the lock-off suites allow the property to be enjoyed or rented as a 1, 2, or full 3-bedroom residence, offering unusual flexibility for both personal use and rental income. Importantly, Legacy Villas is exempt from La Quinta’s citywide ban on new General short-term vacation rental permits, subject to City permitting and applicable requirements. An experienced local management company already managing several residences within the community is also available upon request. Built in 2007, Legacy Villas is a gated resort community offering 13 pools and spas, lap pools, a clubhouse, fitness center, barbecue areas, fountains, hammock gardens, outdoor fireplaces and a café. The community is adjacent to the La Quinta Resort & Club and minutes from golf, tennis, pickleball, hiking, dining and Old Town La Quinta.

Listing provided by: Michael MassaDRE #02082631310-777-6200 Mike@MassaEstates.com, Coldwell Banker Realty

MLS #: SR26187349

FLIP & EXPANSION SIMULATORTHIN MARGIN

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$25K

+4.5% ROI

Rehab + Add$320K

Est. ARV$1231K

Est. Profit+$25K

Proj. ROI5%

Sqft to Add (Expansion / ADU)+450 sqft (2,156 total sf)

Remodel Rate (Existing Space)$140/sqft ($239K total)