IE Business Daily Business news for the Inland Empire.
A former Palm Spring resort has been sold for $4.7 million.
Tuscany Manor was sold to a private buyer who plans to convert the property into an apartment complex, according to CBRE.
CBRE represented the seller, Dr. Steven Bein, a retired dentist, and the buyer, whose name was not released.
“The sale not only underscores the property’s desirability, but also the vibrant real estate market in Palm Springs,” said Manny Nunez, senior associate with CBRE, in a statement.
Tuscany Manor is at 350 W. Chino Canyon Road about two miles north of downtown Palm Springs. Built in 1956, the facility has been a hotel and, most recently, a clothing-optional resort for people 21 years old and older, Bein said in a YouTube video.
The property has apartment-style one- and two-bedroom suites, a courtyard with a heated pool, a hot tub and firepits, according to the statement.
