Welcome to Watercolors, an active adult community for seniors 55+. The home offers two-bedroom, two baths, approx: 1231sqft with an attached two-car garage and side courtyard. Once inside, you will find an open floor plan, tall ceilings, a gas fireplace in the living room. Buyers must qualify for the Affordable Ownership Housing at the moderate-income category with the City of La Quinta. Subsidy From the City of La Quinta is $103,000. What does this mean to a Buyer? The sales price of $305,000 less the $103,000. Your loan amount would be $202,000 less your down payment! Where can you find a home in a beautiful gated community, located in a great location close to shopping, with low HOAS for that loan amount? Unfortunately, you can't pay all cash.