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78477 Magenta Drive, La Quinta, CA 92253

$375K2bd · 2ba · 926 sqft
Lot 0 sqftHOA $575/moCondominium
Active
109d on marketMLS# 219145939

Property Description

This renovated 2-bedroom, 2-bath end-unit is situated in a prime location within the gated Palm Royale community, offering sweeping lake, fairway, and mountain views, while remaining tucked away from traffic and noise. Offered furnished and complete with a detached 1-car garage, the home is ready for immediate enjoyment. The seller is motivated and has recently reduced the price, creating an exceptional opportunity. Palm Royale provides an impressive collection of amenities tailored to an active desert lifestyle. Residents enjoy golf on the Ted Robinson-designed par-3 course, pickleball, tennis, six community pools and spas, a fitness center, and a clubhouse. HOA fees include unlimited golf, high-speed internet, cable TV, sewer, trash, and grounds maintenance--streamlining daily living. The community also serves as the desert headquarters for Helix Disc Golf, adding even more recreational variety. The location places you directly across from the Indian Wells Tennis Garden, home of the BNP Paribas Open, and within close reach of shopping, dining, transportation, Acrisure Arena, and major seasonal events such as the Coachella and Stagecoach festivals. The property also offers strong long-term rental appeal, with annual rental performance exceeding $30,000, making it an attractive option for buyers seeking income-producing potential. Whether enjoyed seasonally or as a long-term residence, this condominium checks all the boxes for those seeking a well-situated desert retreat.

Features & Amenities

Palm RoyaleFeeBuilt 2000

Property Details

Subdivision
Palm Royale
Land Type
Fee
Year Built
2000
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Heat Pump
Cooling
Air Conditioning, Central Air, Heat Pump
View
Golf Course, Mountain(s), Pond
Flooring
Ceramic Tile
City
La Quinta
Zip Code
92253
County
Riverside
Listed byEquity Union, Arnold E Galvan·760-902-7187

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,895.70
Principal & Interest
Loan Amount
$299,920
Total Interest
$382,531
Total Payment Over 30 Years
$682,451
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Palm Royale

This property is located in Palm Royale, a community in La Quinta. Explore more listings in this neighborhood to compare options and pricing.

View Palm Royale Listings

Comparative Market Analysis

Affordable Tier · 5 active · 4 closed

78477 Magenta Drive, La Quinta, CA 92253

Palm Royale · La Quinta · Condominium

$375K
Affordable Tier
Beds
2
Baths
2
Sqft
926
Lot
0 sqft
Year
2000
$/Sqft
$405
Pool: Yes
Spa: Yes
View: golf
Garage: 1-car

Listed 21.1% above the median closed sale of $309,500. Price per sqft ($405) is a 13% premium to closed comps ($358). Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 132 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $375K· $405/sqft
Total list price
Closed comps
vs closed median $320K
+$55K (+17.2%)
Active comps
vs active median $345K
+$30K (+8.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $391
+$14 (+3.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
78493 MagentaLa Quinta2000229120$450$410,0008698
78363 Terra Cotta CourtLa Quinta1989229124,356$378$345,0007395
78199 Indigo DriveLa Quinta1987229263,049$340$314,9996595
78301 Scarlet CourtLa Quinta1989229120$427$389,0009695
78303 Scarlet CourtLa Quinta1989229120$362$330,00010495
Total: 5 · Average2.02.0914.83,702.5$391.4$357,799.884.8
Median912$345,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
78223 Scarlet CourtLa Quinta198907/15/2026229123,485$330,000$320,000$3510.9724296
78379 Terra Cotta CourtLa Quinta198906/10/2026229260$335,000$295,000$3190.882596
78357 Terra Cotta CourtLa Quinta198905/15/2026229120$429,000$400,000$4390.9318195
78197 Indigo DriveLa Quinta198705/22/2026229260$340,000$299,000$3230.888095
Total: 4 · Average2.02.09193,485$328,500$328,500$358132
Median926$320,000$320,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.