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Sold for $762,000
  • Listed by: eXp Realty Of Southern California Inc • Roman Salem • Contact: 760-898-8255
    Bought with: Keller Williams Luxury Homes
    $762,000

    54700 Avenida Velasco, La Quinta, CA 92253

    3beds
    1,767sqft
    Single Family Residence
    Built in 2000
    7,405 Square Feet Lot
    $760,000 Zestimate®
    $431/sqft
    $3,749 Estimated rent

    Home value

    $760,000

    $684,000 - $844,000

    $3,749/mo

    Zestimate® history
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    What's special

    Discover a peaceful desert retreat in the sought-after La Quinta Cove. This thoughtfully upgraded home offers privacy, comfort, and strong rental potential, perfect as a full-time residence, seasonal getaway, or investment property.Outdoor Features and Upgrades include:Pool resurfaced in 2023 and converted to saltwater with color-changing light.Artificial turf installed in 2022, valued at $12,000, with a 10-15 year life span and warranty.Freshly repainted exterior with restored vigas.Custom-built privacy trellis draped with mature bougainvillea.Two storage sheds; one converted into a fully powered home office with three dedicated 20-amp circuits.Multiple outdoor seating areas and new fencing designed to reduce pool debris.Peaceful setting that attracts neighborhood birds and enhances the natural ambiance.Electric hot water heater and no natural gas for increased safety.Interior Features:Efficient split A/C systems: 1,600 sq ft unit in the living room and 800 sq ft unit in the bedroom.Walk-in closets in every bedroom, including two closets in the primary suite with ensuite bathroom.New washer, dryer, and dishwasher included, along with refrigerator, stove, and other appliances.Window blinds and two garage door openers included.High-quality, insulated doggie door installed.House has passed all county inspections for air conditioning, electrical, and water efficiency.Property sits on a lot and a half, larger than most in the neighborhood.Side driveway accommodates up to a 24-ft travel trailer and has been used regularly with a dolly.Dry-sensing fountain pump installed.Located one block from the La Quinta Cove Trailhead.Quiet, friendly neighborhood with notable neighbors including a film producer, former mayor, horticulturist, and long-time locals.Rental Income Potential:Rented every winter since 2020 to the same couple.Generated $20,000 per 3-month seasonal stay.31+ day rentals are currently allowed by city ordinance.

    Zillow last checked:

    Listing updated:

    Listed by:

    Roman Salem DRE #02145427 760-898-8255,

    eXp Realty Of Southern California Inc,

    Stephanie Salem DRE #02206835 760-333-6811,

    eXp Realty Of Southern California Inc

    Bought with:

    Michael Copeland, DRE #02224030

    Keller Williams Luxury Homes

    Source: CRMLS,MLS#: 219131723DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Den, Game Room
    Heating
    • Forced Air
    Cooling
    • Has cooling: Yes
    Features
    • Flooring: Tile
    • Has fireplace: Yes
    • Fireplace features: Electric, Living Room
    Interior area
    • Total interior livable area: 1,767 sqft

    Property

    Parking
    • Parking features: Assigned
    • Has attached garage: Yes
    Features
    • Has private pool: Yes
    • Pool features: In Ground
    • Has view: Yes
    • View description: Desert, Mountain(s)
    Lot
    • Size: 7,405 Square Feet
    • Features: Drip Irrigation/Bubblers
    Details
    • Parcel number: 774284031
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2000

    Community & HOA

    Community
    • Security: 24 Hour Security
    • Subdivision: La Quinta Cove
    Location
    • Region: La Quinta

    Financial & listing details

    • Price per square foot: $431/sqft
    • Tax assessed value: $508,542
    • Annual tax amount: $7,032
    • Date on market: 6/20/2025
    • Listing terms: Cash,Conventional,FHA

    Price history

    DateEventPrice
    6/20/2025Sold$762,000$431/sqft
    Source: CRMLS #219131723DA Report a problem
    6/20/2025Listed for sale$762,000$431/sqft
    Source: CDAR/ Desert Area MLS #219131084 Report a problem
    6/9/2025Pending sale$762,000$431/sqft
    Source: CDAR/ Desert Area MLS #219131084 Report a problem
    6/5/2025Listed for sale$762,000+63.9%$431/sqft
    Source: Greater Palm Springs Realtors #219131084 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/21/2020Sold$465,000+132.5%$263/sqft
    Source: Public Record Report a problem
    3/25/2018Listing removed$2,150$1/sqft
    Source: Owner Report a problem
    3/21/2018Price change$2,150-6.5%$1/sqft
    Source: Owner Report a problem
    3/9/2018Listed for rent$2,300$1/sqft
    Source: Owner Report a problem
    8/23/2012Sold$200,000+11.1%$113/sqft
    Source: Public Record Report a problem
    5/31/2012Listed for sale$180,000-63.9%$102/sqft
    Source: Tarbell Realtors #21454826 Report a problem
    8/17/2005Sold$499,000+39%$282/sqft
    Source: Public Record Report a problem
    4/14/2004Sold$359,000+63.9%$203/sqft
    Source: Public Record Report a problem
    11/8/2000Sold$219,000+525.7%$124/sqft
    Source: Public Record Report a problem
    4/7/2000Sold$35,000$20/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,032 +2.5%$508,542 +2%
    2024$6,860 +2.7%$498,572 +2%
    2023$6,680 +3%$488,797 +2%
    2022$6,482 +2.4%$479,213 +2%
    2021$6,331 +91.5%$469,817 +108.6%
    2020$3,306 +2%$225,188 +2%
    2019$3,240 +2.2%$220,773 +2%
    2018$3,169 +1.3%$216,445 +2%
    2017$3,128 $212,202 +2%
    2016$3,128 +1.4%$208,042 +1.5%
    2015$3,085 +1.5%$204,919 +2%
    2014$3,039 $200,907 +0.5%
    2013-- $200,000 +17%
    2012-- $171,000 +10.3%
    2011-- $155,000 -28.9%
    2010-- $218,000 -17.7%
    2009-- $265,000 -34.6%
    2008-- $405,000 -20.4%
    2007-- $508,980 +2%
    2006-- $499,000 +36.3%
    2005-- $366,180 +61.5%
    2003-- $226,807 +2%
    2002-- $222,360 +2%
    2001$2,941 +414.9%$218,000 +528.1%
    2000$571 $34,709
    Find assessor info on the county website

    Neighborhood: 92253

    Nearby schools

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    Estimated market value
    $760,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $760,000