138 The, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

138 The
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 138 The, Palm Springs, California 92262 is currently available with a list price of $545,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2018, placing it well within the 10-year threshold for an excellent rating. The interior features modern, high-quality finishes including quartz countertops, stainless steel appliances, and designer lighting. The home is equipped with contemporary systems such as owned solar, a tankless water heater, and comprehensive smart home technology. Both the kitchen and bathrooms reflect current design trends with no visible signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
Built in 2018, this residence features a fully owned 10-panel solar system and smart home technology, providing significant utility savings and modern convenience.
- Premium Views and Orientation
The south-facing, upper-level position captures expansive mountain vistas and tree-top views through floor-to-ceiling windows, ensuring a bright and private living environment.
- Superior Ownership Structure
The property is held in fee simple (you own the land) with relatively low HOA dues, offering better long-term value and financing ease compared to many lease-land options in Palm Springs.
CONSRISKS & DEFICIENCIES
- Rental Restrictions
The community's 30-day minimum rental policy restricts the property's potential for owners looking to capitalize on the lucrative short-term vacation rental market.
- Limited Assigned Parking
The unit includes only one covered carport space, which may be a logistical challenge for two-vehicle households despite the availability of guest parking.
About 138 The
Live the Palm Springs resort lifestyle at this modern, energy-efficient, newer-construction condo with owned solar, located just minutes from the Uptown Design District. This desirable south-facing upper-level residence offers tree-top views and sweeping mountain vistas to the south and west, creating a light-filled, elevated living experience. The thoughtfully designed open-concept floor plan features soaring 9-foot ceilings with exposed beams and floor-to-ceiling low-E windows that frame iconic Palm Springs scenery like works of art. The spacious kitchen is equipped with quartz countertops, stainless steel appliances, and designer pendant lighting, flowing seamlessly into the living and dining areas. Relax and enjoy the large private covered balcony with expansive views, an ideal space for outdoor lounging, entertaining, and taking in the surrounding scenery. Additional highlights include fully paid solar with a 10-panel, 2.9 kW system, a tankless water heater, stackable washer and dryer in-unit, and covered carport parking, along with ample guest spaces and community EV charging. Located within the gated 64@The Riv community, residents enjoy lush mature landscaping, a 60-foot resort-style pool and spa, fire features, covered seating areas, gas BBQs, and a gated dog park. The unit is ideally positioned within the complex away from busy streets and oriented to maximize privacy and mountain views. The home also features integrated, remote- and voice-controlled smart home technology, including smart lighting, motorized roller shades, a smart thermostat, alarm system, smart locks, and a doorbell camera for added convenience and security. Fee simple ownership, low HOA dues, and 30-day minimum rentals per community guidelines make this an exceptional opportunity for both full-time living and extended stays. Modern, stylish, energy-efficient, and priced to move, this beautifully appointed 2-bedroom, 2-bath condo offers 1,226 square feet of living space and was built in 2018, delivering outstanding value in one of Palm Springs' most desirable locations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2018
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,226 | 1,060 | 64% |
| Lot Size | - | 500 | 45% |
| Price | $545.0K | $331.0K | 82% |
| Price per sq ft | $445 | $344 | 80% |
| Built year | 2018 | 1982 | 93% |
| HOA | $550.0 | $532 | 52% |
| Days on market | 50 | 173 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$545,000
$565,000
-4% Price Drop
Initial Listing
Price Change
Jan 16, 2026
$565,000
Initial Listing
Sold
Feb 10, 2025
$589,000
Public Record














































