138 The, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Modern Newer-Construction Condo is listed at $515,897, representing a stable entry point for a premium 2018 build compared to its $481,993 Fair Market Value. Boasting an Excellent Condition Rating, the residence is equipped with owned solar, smart home technology, and designer quartz finishes. The upper-level, south-facing orientation provides Sweeping Mountain Vistas and abundant natural light through floor-to-ceiling windows. Located on fee simple land near the Uptown Design District, this property balances high-efficiency living with resort-style amenities. It is an ideal match for Owner-Occupants or lifestyle-focused buyers seeking a move-in-ready desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 138 The Subject | $515,897* List Price | 2 | 2 | 1,226 | $393 | - |
A 211 The Sold | $540,000 | 2 | 3 | 1,500 | $360 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
Built in 2018, this residence features a fully owned 10-panel solar system and smart home technology, providing significant utility savings and modern convenience.
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.
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.
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.
The unit includes only one covered carport space, which may be a logistical challenge for two-vehicle households despite the availability of guest parking.
Priced to sell and a deal not to pass up, this modern newer-construction condo in the gated 64@TheRiv community is positioned well below market, offering an exceptional opportunity to enjoy the Palm Springs lifestyle just minutes from the Uptown Design District. This south-facing upper-level residence features tree-top and mountain views, an open-concept layout with 9-foot ceilings, exposed beams, and floor-to-ceiling low-E windows. The kitchen is appointed with quartz countertops, stainless steel appliances, and designer lighting, flowing seamlessly into the living and dining areas and out to a private covered balcony ideal for outdoor entertaining. Additional highlights include owned solar (10-panel, 2.9 kW), tankless water heater, and in-unit washer and dryer. Community amenities include a resort-style pool and spa, fire features, BBQ areas, landscaped grounds, and a dog park, along with covered carport parking, guest parking, and EV charging. Smart home features include lighting, motorized shades, thermostat, alarm, locks, and doorbell camera. Fee simple land and low HOA dues make this an amazing opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,226 | 1,130 | 61% |
| Lot Size | - | 436 | 46% |
| Price | $515.9K | $361.0K | 74% |
| Price per sq ft | $421 | $347 | 74% |
| Built year | 2018 | 1981 | 96% |
| HOA | $550.0 | $550 | 50% |
| Days on market | 97 | 182 | 19% |
Mar 26, 2026
$515,897
$545,000
-5% Price Drop
Initial Listing
Feb 27, 2026
$545,000
$565,000
-4% Price Drop
Initial Listing
Jan 16, 2026
$565,000
Initial Listing
Feb 10, 2025
$589,000
Public Record