Bank-owned Homes in La Quinta's luxe Andalusia at Coral Mountain

If you're interested in finding a bank-owned foreclosure in one of La Quinta's country clubs, take a look at these REO bargains in the luxury community of Andalusia at Coral Mountain.

The first, a brand new listing here in the final days of October, is a former model home—the Cordoba floorplan—now priced to sell quickly at $984,800 ($277/sf). The 3710 sq. ft. home originally boasted a Moroccan-themed interior with faux wall treatments and rich colors (seen in these original listing photos).

The old world influence is still evinced in the arched doorways, brick walls, ironwork, distressed wood cabinetry, carved wood columns, and grotto. The master bath boasts an incredible wall mosaic framing the bathtub.

The never-lived-in home features a capacious kitchen with butler's pantry, formal dining room, 24" travertine flooring, custom built-ins, coffered ceilings, and stone counters. There are dual master suites and a separate 2-room casita for indulging guests.

Huge glass sliders open up to a 700 sq. ft. covered veranda for the vaunted Palm Springs indoor/outdoor lifestyle. The home boasts one of the most impressive pools of all six former model homes, and includes in-pool stools and a submerged kitchen area.
The southfacing home has unimpeded views of the golf course, lake and encircling Santa Rosa Mountains.

The original owners paid $2.070M for the home in 2006 and it was on the market earlier this year for $1.7M. It is now lender owned and aggressively priced under $1M for a quick sale to a savvy buyer. That's a cool 52% reduction in price.
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The second bank-owned bargain is down the street and also happens to be a former model home. The Almeria —smallest of the six at 2898 sq. ft.—features a wonderfully livable great room floorplan and sumptuous master bath with prominent tub and dual-entry shower.

There's incredible floor-to-wall stonework in the living space, and lots of curved doorways for architectural interest.

The 3B/3b home includes a detached office, a private courtyard entry space, and split 3-car garages.

It, too, has a stellar southfacing orientation overlooking course, lake and mountains.

On the market a few months back at $950M, the home was just reduced this week to $799,900 ($275/sf) and should be snapped up quickly. The original owners paid $1.75M in 2006, a 55% drop in price.

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Andalusia at Coral Mountain debuted in 2006 at the height of the market and was naturally affected by the ensuing downturn. Of the 700 homes planned, about 160 have been built; construction and sales continue. According to the sales manager, three homes priced near $2M sold in the past 90 days, and the high season officially begins next month.

The first of the two Rees Jones-designed courses is in full swing, as is the clubhouse with restaurant, social and fitness fare. This is a truly spectacular development in a unique mountain-embraced setting deep in the La Quinta heartland.

If you're desirous of snagging a home bargain in one of La Quinta's premier gated communities, I'm your gal. I can also find you the perfect home, second home, or investment property in any of the Coachella Valley desert cities—Palm Springs, Palm Desert, Indian Wells or Rancho Mirage.