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78037 Cobalt Court, La Quinta, CA 92253

$277K2bd · 2ba · 912 sqft
Lot 919 sqft•HOA $575/mo•Condominium•
Active
•7d on market•MLS# 219153909

Property Description

This location is hard to duplicate. Peacefully private and charming, this ground-level residence in Palm Royale Country Club is ideally positioned along the lake and golf course, with views of the surrounding grounds, mountains and even the Indian Wells Tennis Garden. Set in North La Quinta on the cusp of Indian Wells and Palm Desert, the community puts dining, shopping, tennis, golf and entertainment close at hand. This 2-bedroom, 2-bath condominium is clean, lightly lived in and move-in ready, with a comfortable open floor plan, and stainless steel appliances. A detached garage and private outdoor space overlooking the lake and golf course complete a home that works equally well as a full-time residence, seasonal getaway or weekend retreat. Palm Royale offers an exceptional Coachella Valley lifestyle, with an HOA that includes Spectrum wireless internet and cable, a golf membership on the Ted Robinson-designed 18-hole, par-3 walking course, six swimming pools and spas, six lighted tennis and pickleball courts, clubhouse and fitness facilities. Offered at an attractive price and ready for its next owner.

Features & Amenities

Palm RoyaleFeeBuilt 1989

Property Details

Subdivision
Palm Royale
Land Type
Fee
Year Built
1989
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
Desert, Golf Course, Lake, Mountain(s)
Flooring
Spanish Tile
Roof
Tile
City
La Quinta
Zip Code
92253
County
Riverside
Listed byWindermere Real Estate, Marc Saab·858-371-1130

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,400.66
Principal & Interest
Loan Amount
$221,600
Total Interest
$282,639
Total Payment Over 30 Years
$504,239
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Palm Royale

This property is located in Palm Royale, a community in La Quinta. Explore more listings in this neighborhood to compare options and pricing.

View Palm Royale Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

78037 Cobalt Court, La Quinta, CA 92253

Palm Royale · La Quinta · Condominium

$277K
Affordable Tier
Beds
2
Baths
2
Sqft
912
Lot
919 sqft
Year
1989
$/Sqft
$304
Pool: Yes✓
Spa: Yes✓
View: golf✓
Garage: 1-car✓

Listed 13.4% below the median closed sale of $320,000. Price per sqft ($304) is a 16% discount to closed comps ($361). Closed comps sold at 93% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 132 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $277K· $304/sqft
Total list price
Closed comps
vs closed median $320K
−$43K (−13.4%)
Active comps
vs active median $359K
−$82K (−22.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $386
−$82 (−21.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
78301 Scarlet CourtLa Quinta1989229120$427$389,00018297
78403 Magenta DriveLa Quinta199822912871$394$359,0006196
78283 Scarlet CourtLa Quinta1989229120$439$400,00016495
78303 Scarlet CourtLa Quinta1989229120$345$315,0004094
78199 Indigo DriveLa Quinta1987229263,049$324$299,99915091
Total: 5 · Average2.02.0914.81,960$385.8$352,599.8119.4
Median912$359,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
78363 Terra Cotta CourtLa Quinta198909/18/2026229124,356$345,000$338,000$3710.9813494
78223 Scarlet CourtLa Quinta198907/15/2026229123,485$330,000$320,000$3510.9724293
78357 Terra Cotta CourtLa Quinta198905/15/2026229120$429,000$400,000$4390.9318192
78379 Terra Cotta CourtLa Quinta198906/10/2026229260$335,000$295,000$3190.882592
78197 Indigo DriveLa Quinta198705/22/2026229260$340,000$299,000$3230.888092
Total: 5 · Average2.02.0917.63,920.5$330,400$330,400$360.6—132.4
Median912$320,000$320,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.