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526 S Warm Sands Drive Palm Springs, CA $ 10,500,000
526 S Warm Sands Drive
$ 10,500,000
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526 S Warm Sands Drive

Palm Springs, CA, 92262
$ 10,500,000
Baths0.0

Monthly Estimate*

$ 65,506

Listed by The Firm Brokerage
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Studio

Multi-Family Home for sale in Palm Springs, CA

for $10,500,000. This home was built in 1948 on a lot size of 1.64.

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.

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Multi-Family Active

Price

$ 10,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.64

Year Built

1948

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219132823PS

Days on Market

145

Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Zoning R-2
HOA Fee 0
Garage Spaces 0
Pool Features In Ground
Year Built 1948
View Desert Hills Mountain(s) Panoramic
County Riverside
New Construction 0
Property Type Residential Income
Subdivision Name Warm Sands
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Heading east on Ramon Rd make a right turn onto S Warm Sands. The property is on the right.
City Palm Springs
Senior Community Y/N 0
Open Parking Spaces 48
Number Of Units Total 40
MLS Area 334 - South End Palm Springs
Lot Size Units Square Feet
Lot Size Square Feet 71438
Carport Spaces 0
Listing Terms Cash Cash to New Loan 1031 Exchange
Spa Features In Ground Private
Property Attached Y/N 0
Land Lease Y/N 0
Rent Control Y/N 0
Standard Status Active
Year Built Source Assessor
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Interior
Flooring Tile
Total Stories 1
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Total Baths 0
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Exterior
Parking Features Guest Unassigned
Total Parking 48
Lot Size Area 71438
Number of Buildings 4
Spa 1
Lot Size Acres 1.64
Private Pool 1
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
The Firm Brokerage

Broker

adam@firmcompanies.com

Email

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$65,506
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$65,506
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$10,500,000 Listed Price

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526 S Warm Sands Drive, Palm Springs, CA, 92262 is a Multi-Family Home for sale at $10,500,000 with a lot size of 1.64. 526 S Warm Sands Drive is a studio with 0.0 baths and was built in 1948. The property's zip code is 92262 which is in Palm Springs, CA