Front
1 / 28

47788 Dancing Butterfly, La Quinta, CA 92253

$400K3bd · 2ba · 1,348 sqft
Lot 3,920 sqft•HOA $316/mo•Single Family Residence•
Active
•80d on market•MLS# 219150624

Property Description

Seller is willing to consider all reasonable offers. Welcome to this inviting 3-bedroom, 2-bath home featuring a spacious open floor plan with vaulted ceilings, ideally situated on a desirable corner lot in the Watercolors 55+ community. The southwest-facing front courtyard is perfect for enjoying afternoon sunshine and mountain views. Inside, the living room offers a cozy fireplace, while the kitchen is thoughtfully designed with convenient pull-out drawers. The primary suite features a generous walk-in closet, dual vanities, and a walk-in shower. Two additional guest bedrooms, a full guest bath, and an indoor laundry room provide comfortable everyday living. A newer HVAC system adds year-round comfort and efficiency. Residents enjoy low HOA dues along with access to a community pool, spa, and clubhouse, all conveniently located near shopping, dining, parks, and healthcare. Watercolors is an income-restricted 55+ community. This home is offered through the La Quinta Housing Authority affordable housing program and includes a $103,000 silent second trust deed. Qualified buyers must be approved for financing based on the full purchase price of $419,999; however, monthly principal and interest payments are based on approximately $316,999, as no monthly payments are required on the silent second. Buyer must occupy the property as a primary residence. No rentals, cash purchases, or investor purchases are permitted. Household income limits apply: 1 person: $62,651-$87,300; 2 people: $71,601-$99,750; 3 people: $80,551-$112,250; 4 people: $89,501-$124,700.

Features & Amenities

WatercolorsFeeBuilt 2007

Property Details

Subdivision
Watercolors
Land Type
Fee
Year Built
2007
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Fireplace(s), Forced Air, Natural Gas
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
Flooring
Vinyl, Tile
City
La Quinta
Zip Code
92253
County
Riverside
Listed byEquity Union, Justin R Smith·760-898-1978

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,022.61
Principal & Interest
Loan Amount
$319,999
Total Interest
$408,141
Total Payment Over 30 Years
$728,140
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Watercolors

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

View Watercolors Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

47788 Dancing Butterfly, La Quinta, CA 92253

Watercolors · La Quinta · Single Family Residence

$400K
Affordable Tier
Beds
3
Baths
2
Sqft
1,348
Lot
3,920 sqft
Year
2007
$/Sqft
$297
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 30.4% below the median closed sale of $575,000. Price per sqft ($297) is a 22% discount to closed comps ($382).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $400K· $297/sqft
Total list price
Closed comps
vs closed median $575K
−$175K (−30.4%)
Active comps
vs active median $415K
−$15K (−3.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $309
−$12 (−4.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
79268 Rose DawnLa Quinta2007321,3373,049$310$415,000196
79337 Sign Of Spring StreetLa Quinta2007321,3373,049$292$389,9009595
47755 Soft MoonlightLa Quinta2006321,3373,049$311$415,90014494
79355 Rose DawnLa Quinta2006221,2313,049$297$365,0006492
79335 Rose DawnLa Quinta2006221,2312,614$337$415,0009488
Total: 5 · Average2.62.01,294.62,962$309.4$400,16079.6
Median1,337$415,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
47865 Endless SkyLa Quinta200707/29/2026321,3373,049$431,000$431,000$3221.002595
53745 Avenida JuarezLa Quinta200708/28/2026321,5184,792$649,000$649,000$4281.0011881
53545 Avenida RamirezLa Quinta199907/31/2026321,4794,792$599,000$575,000$3890.969179
78280 Springtime WayLa Quinta199509/16/2026321,3715,227$579,000$583,000$4251.019977
60268 Sweetshade LaneLa Quinta200409/04/2026221,3596,970$499,000$472,900$3480.9514275
Total: 5 · Average2.82.01,412.84,966$542,180$542,180$382.4—95
Median1,371$575,000$575,000

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.