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For sale
  • Listing Provided by: 

    Adam Gilbert DRE #01914157 760-408-8874,

    The Firm Brokerage

    $10,500,000

    526 S Warm Sands Dr, Palm Springs, CA 92264

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    29 days
    on Zillow
    |
    1,739
    |
    87
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    Zillow last checked: 7 hours ago

    Listing updated: July 16, 2025 at 04:18pm

    Listing Provided by:

    Adam Gilbert DRE #01914157 760-408-8874,

    The Firm Brokerage

    Source: CRMLS,MLS#: 219132823PSMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 526 S Warm Sands Dr.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Rooms
    • Room types: Entry/Foyer, Other
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Flooring: Tile
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 48
    • Parking features: Guest, Unassigned
    • Uncovered spaces: 48
    Features
    • Has private pool: Yes
    • Pool features: In Ground
    • Has spa: Yes
    • Spa features: In Ground, Private
    • Has view: Yes
    • View description: Desert, Hills, Mountain(s), Panoramic
    Lot
    • Size: 1.64 Acres
    Details
    • Parcel number: 508211017
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1948

    Community & HOA

    Community
    • Subdivision: Warm Sands
    Location
    • Region: Palm Springs

    Financial & listing details

    • Date on market: 7/16/2025
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
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