CBRE Facilitates Sale of Unique Tuscany Manor in Palm Springs

CBRE facilitated the sale of the unique Tuscany Manor resort in Palm Springs, Calif., for $4.75 million to a private buyer who will turn the property into a premier apartment community two miles north of downtown Palm Springs.

Cray A. Carlson and Manny Nunez of CBRE’s Inland Empire multifamily investment properties team represented Dr. Steven Bein and the private buyer in the transaction.

“The sale not only underscores the property’s desirability but also the vibrant real estate market in Palm Springs,” said Mr. Nunez, senior associate at CBRE. “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.”

Built in 1956, the community was previously a 21 years-and-up resort. Located at 350 West Chino Canyon Road, the property featured apartment-style one- and two-bedroom suites, a park-like courtyard with a heated pool, hot tub and firepits.