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2/27/24
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Tuscany Manor resort in Palm Springs was purchased for $4.75 mil by a private investor who will turn the property into a premier apartment community. Built in 1956, the property is located at 350 West Chino Canyon Rd, two miles north of downtown Palm Springs.
The property consists of apartment-style one- and two-bedroom suites, a park-like courtyard with a heated pool, hot tub and firepits. It was a resort for adults, 21 years and up.
Cray A. Carlson and Manny Nunez of CBRE’s Inland Empire multifamily investment properties team represented the buyer and the seller, Dr. Steven Bein, in the transaction.
“The sale not only underscores the property’s desirability but also the vibrant real estate market in Palm Springs,” said Nunez. “The transition of Tuscany Manor from a cherished resort to a premier apartment complex promises to enhance the living experience by merging its historic charm with modern luxury, all while maintaining the adventurous spirit imparted by Dr. Bein.”
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