There are much better investment areas....unless you are a developer and want inexpensive land.
BUT....if you want great weather (9 months anyway), the BEST Golf in the world (arguably) - Tennis, the home of the great BNB Parabus Tennis tournement in Indian Wells - Outdoor activities suchas Hicking - Biking - swimming - shopping - Restaurants......then YES .
BUT.....Spa Villas, not my cup of tea....much better investments for ROI than these units. Rentals are good but you pay a high percentage of income to management company.
La Quinta, CA
The project was misrepresented to many people who bought early. If you watched the values over the last four years they have plumented to around 199K for the 2/2 and over 400K for the larger 3/3/ units. If you enjoy the closely built comfort of the four plexes then you will have in the long run a very good rental property once the market trends move upward . This could take up to five years. An investment would be a HOLD POSITION. Location, Location Location. We were able to get our money back after a long battle with the builders. I would certainly read the fine print on the community and find out who manages the community. What the CCR's say about rentals. Sometimes it is mandatory that the hotel,put these condos in their rental pool. Buyer beware!. But maybe you can get a good deal. . Read all documents before closing. Also see fees for the club as well as the HOA fees for the Condo you are purchasing. I have always thought this project was a win win situation at the right price. Write to firstname.lastname@example.org with any more questions. Jan , Keller Williams Realty La Quinta Ca., 760-3990221.
I am very familiar with the spa villas, having had spa villa listings in the past. I also currently have one active tennis villa listing and another one coming soon. There are pros and cons regarding the spa villas that I would be happy to discuss with you off line. If you would like to do so, please feel free to contact me at Larry@CalifDesertRealty.com. Thank you.