Homes for sale - 526 S Warm Sands DR, Palm Springs, CA 92262

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Dusty Mulhearn

dusty@propertycousins.com +1(949) 500-6274

$ 10,500,000

Est. payment | -/mo

1.64 Acres Lot

Save

$ 10,500,000

Est. payment | -/mo

Save

1.64 Acres Lot

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 500-6274

dusty@propertycousins.com

United States

526 S Warm Sands DR Palm Springs, CA 92262