Description
Own a Premium La Quinta Home for Just $381,000 Out-of-Pocket!Take advantage of an incredible, rare opportunity to secure a beautiful, fully upgraded 3-bedroom, 2-bathroom corner lot home in the desirable Watercolors 55+ community. This highly affordable, low-maintenance residence features an inviting layout with airy vaulted ceilings, a cozy fireplace, a private patio, a generous two-car garage, and community perks like a clubhouse, pool, spa, and included cable/Wi-Fi.  Please note: To qualify for this community, buyers must use the home as their primary residence. No investment buyers, rentals, or all-cash purchases are permitted.  Pricing, Financing, and Income Qualifications:The financial breakdown for this affordable housing program is as follows: The total purchase price is $440,000, which includes a $56,000 silent second mortgage held by the La Quinta Housing Authority. This drastically lowers the buyer's actual out-of-pocket base cost to just $381,000 (minus a $3,000 earnest money deposit or the final negotiated price).  To qualify, the combined gross income for moderate-income households must fall within the official 2025 Riverside County Housing Authority limits:  1-person household: $62,651 – $87,300  2-person household: $71,601 – $99,750  3-person household: $80,551 – $112,250  4-person household: $89,501 – $124,700
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3BEDS
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0.07ACRES
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2BATHS
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01/2 BATHS
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1,337SQFT
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$329$/SQFT
Description
Own a Premium La Quinta Home for Just $381,000 Out-of-Pocket!Take advantage of an incredible, rare opportunity to secure a beautiful, fully upgraded 3-bedroom, 2-bathroom corner lot home in the desirable Watercolors 55+ community. This highly affordable, low-maintenance residence features an inviting layout with airy vaulted ceilings, a cozy fireplace, a private patio, a generous two-car garage, and community perks like a clubhouse, pool, spa, and included cable/Wi-Fi.  Please note: To qualify for this community, buyers must use the home as their primary residence. No investment buyers, rentals, or all-cash purchases are permitted.  Pricing, Financing, and Income Qualifications:The financial breakdown for this affordable housing program is as follows: The total purchase price is $440,000, which includes a $56,000 silent second mortgage held by the La Quinta Housing Authority. This drastically lowers the buyer's actual out-of-pocket base cost to just $381,000 (minus a $3,000 earnest money deposit or the final negotiated price).  To qualify, the combined gross income for moderate-income households must fall within the official 2025 Riverside County Housing Authority limits:  1-person household: $62,651 – $87,300  2-person household: $71,601 – $99,750  3-person household: $80,551 – $112,250  4-person household: $89,501 – $124,700
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-06-16T13:33:20.057. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.