$10,500,000

526 S Warm Sands Drive, Palm Springs, CA 92262

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon1.64acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
July 16, 2025 at 05:00AM
Listing Office:
The Firm Brokerage : (760) 408-8874
Listing Agent:
Adam Gilbert : (760) 408-8874
MLS ID:
219132823PS
  • Flooring: Tile
  • A/C: Central Air
  • Heating: Central
  • General: In GroundPrivate
  • Pool: In Ground
  • Parking: GuestUnassignedParking spaces: 48
  • General: 1
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Riverside
  • Zoning: R-2508211017
  • View: DesertHillsMountain(s)PanoramicView
  • Source: CRMLS

This listing courtesy of Adam Gilbert, The Firm Brokerage

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cahuilla Elementary School

833 E Mesquite Ave, Palm Springs, CA, 92264

Grades KG-5

0.52 miles away

D

Desert Learning Academy

2248 E Ramon Rd, Palm Springs, CA, 92264

Grades KG-12

0.83 miles away

D

Desert Learning Academy

2248 E Ramon Rd, Palm Springs, CA, 92264

Grades KG-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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