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

138 The, Palm Springs, California 92262 home-pic-0

138 The

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,226Sq Ft
Lot Size

Property Price

LIST PRICE$545,000

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

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,2261,060
64%
Lot Size-500
45%
Price$545.0K$331.0K
82%
Price per sq ft$445$344
80%
Built year20181982
93%
HOA$550.0$532
52%
Days on market50173
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

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