138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States. - Hero Image
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138
The Riv
Palm Springs | California

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Jason Cochran
Jason Cochran
Presented At
$565,000
Bedrooms
2
Bathrooms
2
Living
1,226
SQFT
138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States. - Photo 1
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138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States. , Palm Springs , California 92262

Modern Palm Springs Condo With Views, Solar, And Resort Amenities

Live the Palm Springs resort lifestyle at this modern, newer-construction condo 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 [hidden information] 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. 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

3D Street View Tour

Map showing 138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States.

Property Location

138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States., Palm Springs California

Local Weather & Climate

Palm Springs, California

Current Conditions Updated recently
58 °F
Clear sky
Feels Like 57°F
Humidity 64%
Wind 0 mph
Visibility 6.2 mi
Sunrise 2:03 PM
Sunset 1:49 AM
5-Day Forecast
Tue 10 Mar
Clear
High 74°
Low 56°
Wed 11 Mar
Clear
High 80°
Low 54°
Thu 12 Mar
Clear
High 86°
Low 71°
Fri 13 Mar
Clear
High 89°
Low 74°
Sat 14 Mar
Clouds
High 88°
Low 72°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Palm Springs?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

Ready to explore financing?

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Ultra Luxury 87.0× median

Our perspective on current market conditions in Palm Springs. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market
Balanced conditions. Negotiate wisely.
58
Buyer Score
Prices are down 3.5% year-over-year

Local Market Price Trends

Median home sale prices in Palm Springs, California — ZIP code 92262 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $56,500,000
Area median: $649,058
-3.5% year-over-year (well below the 3.5% historical avg)

Market Competition

Future Value & Wealth Building

Starting investment: $565,000 20% down ($113,000)

42.4 years
Double Your Investment
Based on current market trends, your property value could double
$277,516
10-Year Equity
Your potential equity after 10 years of payments and appreciation
$3,007
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$922,843
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
2.5x
Leverage Power
Your $113,000 down payment could grow to $277,516 in equity (10 yrs)
Investment Perspective
$ $ $
$1 → $1.18
Every dollar invested today could become $1.18 in 10 years
$100 → 118 $1,000 → $1,178
+$26
$26/day
Your home may appreciate while you sleep
$179/week $776/mo $9,316/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$189K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential -27% advantage over stocks
RENT 💸 -$311K
vs
OWN 📈 +$278K
$278K Potential Equity
vs $311K lost to rent over 10 years
$113K Down Payment Growth
2.5x
10yr
$278K
4.6x
20yr
$525K
8.2x
30yr
$923K
Wealth Comparison
×2
Equivalent to 2 average US homes
top 25%
US household wealth ranking
Median: $193K Yours: $923K
Time to Double Your Investment (accounting for market cycles)
60.5
years
Conservative
1.15% effective/yr
26.6
years
Optimistic
2.64% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $634K +12%
Market $665K +18%
Optimistic $733K +30%
$278K est. equity
20 Years
Conservative $711K +26%
Market $784K +39%
Optimistic $952K +68%
$525K est. equity
30 Years
Conservative $797K +41%
Market $923K +63%
Optimistic $1.2M +119%
$923K est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Opportunity Zone
Current 2.5% appreciation is below the national historical average. This market may offer value opportunities.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 1.6%. Market scenario reflects current 2.5% YoY trend from Zillow (Apr 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Apr 2026

Neighborhood Demographics

ZIP 92262 • 2022 ACS Data

25,856 Population
Median Age: 54.0
$63,710 Median Income
Average
$540,600 Median Home Value
Rent: $1,332
41.1% College Graduates
Above Average

Housing

Homeowners 40.9%
Renters 25.1%
Vacancy Rate 34.0%

Employment

8.2% Unemployment
28.8% Work From Home

Education Attainment (Age 25+)

High School+ 92.4%
Bachelor's+ 41.1%
Graduate+ 17.0%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This apartment at 138 The Riv, Palm Springs, CA 92262, Palm Springs, California, United States features 2 bedrooms with 1,226 square feet of living space.
This property offers 1,226 square feet of living space.
This property is listed at $56,500,000, which equals $46085 per square foot.
In Palm Springs, home prices have decreased 3.5% over the past year, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Palm Springs shows an active market. The market opportunity score is 58 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a apartment located in Palm Springs, California. The property is situated in an established neighborhood with convenient access to local amenities and services.
Jason Cochran

Jason Cochran

Desert Sotheby's International Realty

License #01947240

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