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
Bedrooms40 Baths40.0 Sq 30,000

Monthly Estimate*

$ 65,506

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Multi-Family Home for sale in Palm Springs, CA

for $10,500,000 with 40 bedrooms and 40 full baths. This 30,000 square foot 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 pools Mountain views and lush landscape Prime Palm Springs location near Downtown Upside potential through continued improvements and repositioning Don'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

40

Full Bath

40

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

1.64

Year Built

1948

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219132823

Features
General
Living Area 30000.0
Sewer In Connected and Paid
Heating Central
Cooling Ceiling Fan(s) Central Air Air Conditioning
Possession Close Of Escrow
Zoning R-2
Garage Spaces 0.0
Pool Features In Ground Community Private
Security Features Other
3/4 Baths 0
Full Baths 40
Half Baths 0
Year Built 1948
View Panoramic Mountain(s) Desert Pool Hills
Levels Ground
Property Subtype Apartment
County Riverside
Property Type C
Subdivision Name Warm Sands
Status Active
City Palm Springs
Entry Location Ground Level - No Steps
Senior Community Y/N No
Zoning Description Assessor
MLS Area 334 - Palm Springs South End
Lot Size Square Feet 71438.4
Carport Spaces 0.0
Listing Terms Cash to New Loan Cash 1031 Exchange
Spa Features In Ground Hot Tub Private
Walk Score 0
Standard Status Active
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Interior
Flooring Tile
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
1/4 Baths 0
Total Bathrooms 40.0
Total Baths 40
Total Bedrooms 40
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Exterior
Parking Features Unassigned Total Uncovered/Assigned Spaces Guest
Total Parking 48.0
Lot Size Area 71438.0
Spa Yes
Pool Y/N? Yes
Building Area Total 30000.0
Lot Size Acres 1.64
Lot Size Source Assessor
Land Lease Type Fee
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* Excluded Features
List By
Adam Gilbert

Listing Agent

The Firm Brokerage

Broker

Affordability Calculator

$65,506
Per Month
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0%
0%
Monthly Principal & Interest
$65,506
Monthly Property Taxes
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Monthly Home Insurance
--
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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2025$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 30,000 sqft and a lot size of 1.64. 526 S Warm Sands Drive has 40 bedrooms, 40.0 baths, and was built in 1948. The property's zip code is 92262 which is in Palm Springs, CA