47788 Dancing Butterfly

La Quinta CA 92253

1348 sq. ft.

3920 sq. ft.

Single-Family

Last sold for $398,000

Justin Smith, last sold this property on 21 October 2025 after 138 days on market.

Overview

Wellcome! This 3-bedroom, 2-bath home features a spacious open floor plan with vaulted ceilings and is ideally situated on a desirable corner lot. Enjoy southwest-facing exposure from the inviting front courtyard—perfect for capturing afternoon sun and mountain views. The living area offers a cozy fireplace, while the kitchen is designed with pull-out drawers for added convenience. The primary suite includes a large walk-in closet, dual vanities, and a walk-in shower. Two additional guest bedrooms, a full guest bath, and indoor laundry provide comfortable everyday living. Additional highlights include a newer AC and heating system, ensuring year-round comfort. Located in the desirable Watercolors 55+ community in the heart of the Desert, residents enjoy low HOA fees, a community pool and spa, and a clubhouse/meeting room. Conveniently close to shopping, dining, parks, and healthcare services. 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.

Features

3 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1348 sq. ft. floor area

3920 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in La Quinta over the last 12 months, the estimated median property value of 47788 Dancing Butterfly is $733.54k.

Median value

$733.54k

Estimated value range

$297k - $5.2m

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in La Quinta. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.