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$ 10,500,000
Est. payment /mo
New
526 S Warm Sands DR Palm Springs, CA 92262
1.64 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Warm Sands
MLS Listing ID 219132823PS
HOA Y/N No
Year Built 1948
Lot Size 1.640 Acres
Property Description
Welcome to the Exotic Dreams Hotel -- a rare and iconic hospitality offering in the heart of Palm Springs. This 40-room boutique hotel blends mid-century and spanish charm with modern upgrades, providing a unique investment opportunity or an exceptional addition to any hospitality portfolio.Spanning multiple structures across lushly landscaped grounds, the property features three sparkling pools, ample guest amenities, and breathtaking views of the surrounding mountains. Many of the rooms have been recently renovated with stylish, contemporary finishes, upgraded bathrooms, and enhanced technology offerings to meet the expectations of today's discerning traveler.The layout of the hotel offers flexibility for both standard guest stays and extended group bookings, with multiple room types including suites, patios, and poolside accommodations. Whether guests are seeking a serene desert escape, a lively weekend retreat, or a private event venue, Exotic Dreams delivers on all fronts.Ideally located just minutes from Downtown Palm Springs, the hotel offers walkability to shops, restaurants, nightlife, and world-class events like Modernism Week and Coachella shuttle routes.With its strong branding potential, existing operational footprint, and room to increase ADR through continued renovation and repositioning, Exotic Dreams is poised for both immediate income and long-term appreciation.Highlights:40 well-appointed rooms (many newly updated)3 resort-style swimming poolsMountain views and lush landscapePrime Palm Springs location near DowntownUpside potential through continued improvements and repositioningDon't miss this extraordinary opportunity to own a piece of the desert's hospitality legacy.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning R-2
Interior
Heating Central
Cooling Central Air
Flooring Tile
Fireplace No
Exterior
Parking Features Guest, Unassigned
Pool In Ground
View Y/N Yes
View Desert, Hills, Mountain(s), Panoramic
Total Parking Spaces 48
Private Pool Yes
Building
Story 1
New Construction No
Others
Senior Community No
Tax ID 508211017
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Adam Gilbert The Firm Brokerage