Piazza Serena is a gated 97 home community located within the City of La Quinta, CA. Located in one of the most desirable cities in the greater Coachella Valley, Piazza Serena features expansive views of the surrounding Santa Rosa Mountains, with lot sizes averaging ±12,489 SF. Piazza Serena is gated, and is surrounded by numerous golf resorts including PGA West, Andalusia, Trilogy and Silverrock, and is located in proximity to numerous retail, dining and entertainment options. This well located project is expected to offer right sized home prices for the city of La Quinta, which is generally known for its high-end luxury product.
Hovnanian was the original builder of the project and completed and sold 37 homes before electing to close the project in 2008 due to deteriorating market conditions. The current owner purchased the remaining 60 finished lots in December of 2010 when K. Hovnanian chose to dispose of the project in an effort to return capital and shore up its balance sheet. The remaining 60 finished lots are the subject of this offering.