Trilogy La Quinta | Home Buying, Study Guide
55 Plus - Gated Community
City: La Quinta
Real Estate
Type of Homes: Single-family detached houses, each with a private yard.
Location of Homes: About 30-40% of homes are on a golf course, offering expansive mountain views.
50-60% are off the golf course, enclosed by block walls, with potential mountain views.
Style: Tuscany-themed architecture.
Views: Close-up views of the Santa Rosa Mountains to the south and west.
Age of Homes: Built before 2010. While not brand new, they typically don't need major renovations due to high-quality initial construction and upgrades by Shea Homes.
Amenities
Clubhouse: Central location in the community. Homeowners get club membership through their HOA fees.
Front Yard Maintenance: Lush green grass, reseeded annually and maintained by the HOA.
Internet & Cable: Spectrum.
Walking Paths: Long sidewalks throughout the community. A lot of homeowners walk daily around the community.
Facilities at Clubhouse: Restaurant, ballroom, lounge, fitness center, indoor walking path, aerobics room, card room, library, art room with ceramic kiln, lap pool, and resort pool.
Sports Court: Pickleball, tennis, bocce ball, and horseshoes.
Location
Setting: At the base of the Santa Rosa Mountains in South La Quinta.
Proximity: 15 minutes to Old Town La Quinta (restaurants, shopping, entertainment).
13 minutes to Ralphs grocery store.
Benefits: Peaceful living with stunning mountain views. Affordable clublife.
Considerations: May not be ideal for those frequently traveling to El Paseo, Palm Springs, or needing quick freeway access. However, the location is generally seen as a positive aspect, especially for retirees.
Demographics
Age Group: 55 and older.
Typical Buyers: Ages 55-65, often moving in full-time post-retirement, usually after selling their existing home, often relocating from nearby beach towns.
Residency: Approximately 70% are full-time residents. The number of second homes and seasonal residents ("snowbirds") has decreased recently.
Community Diversity: A good mix of individuals within the 55-plus age group.
Recent Sales
Active Under Contract: Purchase price has been negotiated between Buyer and Seller in writing. Escrow is open, buyers Earnest Money Deposit "EMD" is protected by their contingencies.
Pending: In escrow, after the buyer has released all their contingencies, it is extremely rare that escrow will cancel because now the buyer's Earnest Money Deposit "EMD" is due if the buyer decides to cancel the escrow. All conditions have been met at this point. Physical Inspection, Loan Conditions, HOA Document Review, ETC.
Sold: All homes sold within the past 6 months.
