Madison Estates is making a come back !!! This sprawling gated community located at Avenue 49 and Madison Street, one block east of Jefferson Street in the Vista Santa Rosa area of Indio, was originally designed to be a highly sought after address in our desert area. Construction began on nine well-appointed luxury homes, then going for $1,200,000 to $1,600.000. When the real estate market tanked and the development was stalled, these beautifully designed and well-thought out homes sat idle.
Ridgeback Partners, a real estate brokerage and management team, now own Madison Estates and are getting this upscale community back on its feet. The current owners recognize the value of the community’s location and original intent . . . and also that the market has changed since it first broke ground. Ridgeback Partners selected Family Development as the building team to finish out the nine original custom-quality homes. . . . and they’re priced at half of what they originally went for, starting at $600,000. Family Development has purchased 46 unfinished lots at Madison Estates, so there will be more grand homes to come.
Madison Estates’ homes are built in Tuscan, Spanish, Colonial and Mission styles, with each residence featuring more than 4,000sf of living space on half acre lots. There are many custom amenities and ugrades, including full landscaping, pool and spa are also included with these homes.
The downturn of the economy has an upturn . . . the luxurious and upscale homes in Madison Estates are now offering “Twice the Luxury at Half the Price.”
More
Point Happy Estates, a community conveniently located close to the intersection of Highway 111 and Washington St. in La Quinta, may be getting ready to be Revived ! Family Development, a Palm Desert-based real estate development company, has purchased 15 unfinished foreclosed homes and 23 lots here and this resurgence of interest and energy can only be good for the builders and buyers alike.
Point Happy Estates is named after Point Happy, a lovely little little cove area nestled up next to the Santa Rosa Mountains. It gets its name from early settler Norman “Happy” Lundbeck, who tended a small store there. Later on, the property was purchased by philanthropist Chauncey Clarke, who grew the first Deglet Noor dates in California there and also raised purebred horses at his Point Happy Ranch.
When built out, Point Happy Estates will feature 69 semi-custom luxury homes with average lot sizes of 10,500sf – all situated on 22 acres of prime La Quinta real estate with a secluded mountain escape. Many world class amenities are in close proximity, such as adjacent Point Happy shopping center, fine restaurants, Indian Wells Tennis Gardens, Old Town La Quinta, La Quinta Hotel & Resort . . . and much more. Stay tuned as the best kept secret of Point Happy Estates becomes the buzz of the town as its vision comes to fruition.
More
La Quinta Cove's crown jewel, La Quinta Hotel
La Quinta Cove is on fire . . . not literally, but properties in this beautiful piece of east valley, wrapped on three sides by stunning mountains ranges, are being snapped up at a very fast clip. Investors and homebuyers, both foreign and local, are grabbing up hot deals in this “best kept little secret” of a community that’s not so secret any more.
So what is the draw, what makes this Cove community such an appealing area of the Palm Springs Valley in which to buy??? Well, it only takes a drive around La Quinta Cove to understand why! For one, the Cove affords the finest Santa Rosa Mountain views around. The Fred Wolff Bear Creek Nature Preserve is tucked away at the western edge of the La Quinta Cove and has trails for hiking, biking, dog walking and jogging. There is also quick access to several city parks.
Fortunately, too, is that La Quinta’s dark sky ordinance ensures that starry nights will shine brightly for all in the Cove. At the foot of the Cove and its Santa Rosa Mountain range, are two unique locations – Old Town La Quinta with its fine dining, coffee shop, boutiques and regular events and the La Quinta Resort and Spa, a world renowned destination resort.
La Quinta Cove residents have access to excellent public schools right in La Quinta, as a part of the award-winning Desert Sands Unified School District. The Cove is also located in the Imperial Irrigation District which offers the lowest electrical utility rates in the Coachella Valley. Home styles here vary from Santa Fe, to southwest style and from mid-century to contemporary to Mediterranean architecture. This area has attracted award winning architects, artists, designers, musicians and chefs who claim the Cove as their home.
So, I ask you, what’s not to love about living in La Quinta Cove??? It’s got everything you could want for an active desert lifestyle . . . and so much more.
More
With mortgage rates dropping, La Quinta homebuyers (and buyers all over the country) gain more purchasing power – as buyers with the same amount of monthly payment are able to borrow more money today and therefore purchase a more expensive house with more amenities than just one year earlier. Average 30 year fixed mortgage rates fell by 17.7% in a one year period ending in January 2012 – from 4.76% in Jan. 2011 to 3.91% in Jan. 2012.
The maximum amount a homebuyer can borrow to purchase property depends entirely on the amount of his down payment and the amount he’s qualified to borrow from a lender. His borrowing ability is based on these two factors:
1) current mortgage rates, which are always changing
2) home buyer’s income, which typically changes every year at the rate of inflation
It is known by lenders that on one hand, homebuyers are less likely to default if they are allocating no more than 31% of their monthly gross income to their monthly mortgage payments. Therefore, mortgage lenders are now refusing to lend more money than the buyer can repay at that 31% gross income ration amortized over 30 years based on a fixed interest rate.
More
who wouldn't want to own in La Quinta???
I am working with Investors, or Investment groups from Australia, the UK, New Zealand, Canada and France..and that’s just in the first quarter of 2012. Our Real Estate market is benefitting from foreign buyers belief that the US is the best place in the world to park their money. These buyers are helping reduce our inventory and get the housing market back in balance again..come on down!
Foreign clients bought 41 billion worth of stateside houses and apartments during teh 12 month period that ended in March of 2011, according to the NAR. Pretty much the same as last year..BUT add in the $41 billion spent by immigrants who moved here within the past two years and people with visas for longer than 6 months and the total is $82 billion..up from $66 billion just a year ago.
Realtor.com is nov visible internationally and can be viewed from practically anywhere in the world..and in 12 languages. Wow! Talk about checking out real estate while in the comfort of your own home. What states are they buying in????
1. Florida- nearly 55% of all international sales from May to November, 2011 were in Florida.
2. California-appprox. 6% in California
3. Nevada-5 % of all foreign sales were here.
4. Arizona-17% of foreign investor sales were in AZ
Why in these states? Because these states have the most standing inventory! The glut of homes in these 4 states is still considerable and therefore the price/sf is the best buy..more for your international money! It’s not ALL about investment. It’s also about buying a home in a country where you want to live..even if it’s only part time.
More
Indian Wells is the place for the 2012 BNP Parabis Open
Indian Wells plays host to one of the largest and most recognized Professional Tennis Tournaments in the World from March 5-18, 2012!!! This year’s tournament at the magnificent Indian Wells Tennis Garden is a two week event featuring top men and women tennis players competing for more than $11 million in prize money (for the first time in the history of the tournament).
Ranked No. 1 in the world, defending champion Novak Djokovic had one of the best years in the history of tennis last year, with 41 straight match wins including winning the title in Indian Wells at the BNP Parabis Open. He will be a force to be reckoned with here at the 2012 event.
Defending BNP Parabis Open champion and No. 1 in the world Caroline Wozniacki won 6 titles in 2011 – more than any other WTA players. She is a tough opponent and will no doubt give her all at retaining her title at the 2012 BNP Parabis Open.
The Indian Wells Tennis Garden will also be holding the 19th annual BNP Parabis Open Senior Cup, featuring more than 700 players in a team tennis doubles tournament held from Mar. 19-22.
Come enjoy World Class Tennis in Indian Well’s state-of-the-art facility here in the beautiful City of Indian Wells.
Indian Wells offers many golf options
Talante's estate-like homes
Last night while at dinner with some friends at Stuft Pizza in Old Town La Quinta, we chatted away about how we all love living in La Quinta. One of the couples shared about how crazy they are about the gated community called Talante, as they have close friends who live there and socialize with them frequently. When they are ready to buy, Talante is where they want to be.
Talante’s resales rarely stay on the market for long, as these contemporary Mediterranean style homes are well constructed and appointed – giving them a classy feel. Their lots are spacious with many of the homes offering private pools and spas. Ideally situated in South La Quinta at the corner of Avenue 50 and Jefferson Street, Talante is close to many amazing east valley amenities such as charming Old Town, Silver Rock golf course, PGA West, Empire & Eldorado polo fields, and shopping & restaurants galore. It is also adjacent to Rancho La Quinta Country Club with direct golf cart access.
There’s a lot to love and learn about Talante. . . if you’re looking to buy your dream home in a prestigious La Quinta community, you owe it to yourself to take a look here !!!
More
Lovely street view of Palmilla
Palmilla real estate is one of those intriguing communities in the desert that catches your eye when you drive by on the corner of Avenue 50 and Jefferson in La Quinta. Its unique desert color scheme blends beautifully with the tasteful landscaping around the outer wall and makes you want to see what kind of beauty resides inside of it. Since it’s gated, you can’t just take a leisure ride through, but if you’ve been fortunate enough to tour a home there, you will be impressed by this unique enclave of stunning contemporary homes.
Palmilla luxury homes overlook 7 acres of lakes and flowing waterways, making for the perfect setting for the indoor/outdoor living Southern California is so well known for. Majestic views of surrounding mountain ranges further add to the Wow factor. And all of this is available right in the middle of La Quinta, where restaurants, shopping, polo grounds, country clubs, Old Town, and so many more amenities are just minutes away.
If you have a heightened design sensibility and are attracted to anything but the ordinary, then the Award Winning community of Palmilla just may be for You !!!
More
Andalusia at Coral Mountain homes for sale possess stunning mountain views, world class golf and sophisticated Old World style homes reminiscent of Southern Spain. Located in La Quinta, California, this Luxury Home Development offers standing new home inventory waiting to be customized to your personal taste and lifestyle !!!
There is so much to do at Andalusia at Coral Mountain, the choices are endless. Whether you like to golf or walk, hike or bike – play tennis or swim laps and soak in the spa . . . there is something here for everyone. For fine dining, you won’t have to look far . . . the onsite restaurant, Tapas, provides atmosphere and excellent food for that perfect night out.
Andalusia at Coral Mountain homes can be easily viewed, as models are open daily. Upgrades are available, as well as resale homes and custom home sites if you’re looking to build your own desert Dream Home !!!
More
Just Listed in the La Quinta Cove. 4bd/2ba home built in 1997. $148,000. This home is cute as it could be with many Seller installed upgrades. The Seller is leaving window coverings, custom fans and custom lamps. She installed 18 by 18 inch ceramic tile floors and hardwood floors in three of the four bedrooms. The 4th bedroom has engineered wood floors and is lovely as well. Her father even installed a custom, wood carved mantle over the fireplace! This is a great family home.
This is Seller’s primary residence, she has a true hardship (disability), and only one loan with Carrington Mortgage, LLC, so we’ll get this baby done!
If you need an experienced Short Sale agent to help you understand the ins and outs or list and CLOSE your own Short Sale, give me a call!
Slab granite in kitchen!
custom hardwood floors!
More
