He unloaded a parcel of land in the same area earlier this year at a slight loss, The Real Deal reported in March.
Take a look inside the 4,437-square-foot home situated on a golf course with picturesque mountain views.
Earlier this year, The Real Deal reported that he'd unloaded a plot of land in La Quinta's exclusive Madison Club. According to the Los Angeles Times, the property was flanked by fairways and purchased by the now-billionaire for $2.5 million a decade ago. In March, Knight sold the parcel for $2 million.
Now, he's selling his nearby three-bedroom, three-bathroom home on the grounds of La Quinta Resort and Club community for $1.55 million.
According to the property's listing, it boasts an open floorplan, plenty of natural light, and breathtaking mountain views in addition to golf course views. The 4,437-square-foot home sits on the 12th fairway of La Quinta Resort and Club's Mountain Course.
More from Business Insider:
The founder of the Discovery Channel is selling his 8,700-acre Colorado ranch for $279 million — complete with a hotel, fossilized dinosaur poop, and a vintage car collection worth $55 million
The 15 richest women in America, ranked
Apartment prices in Manhattan just hit a 4-year low. Here's everything you need to know about NYC's mansion tax — and how it's affecting the luxury market.
DON'T MISS: Boxing legend Sugar Ray Leonard is selling his California estate for nearly $52 million. Here's a look inside the property, complete with a sprawling mansion, a 2-story guest house, and its own putting green.