960 Palm Canyon Drive

Description

Presenting a rare opportunity to own a piece of Palm Springs history: one of its most iconic hotel properties, ideally situated on bustling Palm Canyon Drive in the heart of downtown. Nestled amongst vibrant restaurants, retail shops, and nightlife, this 1.19-acre property borders the prestigious Old Las Palmas and Movie Colony neighborhoods. Currently operating as a clothing-optional men's resort, the property is zoned R-3 Multi-Family Residential and Hotel, offering diverse possibilities for future development. Built in 1951 as the La Fonda Hotel, the property features 32 guest rooms ranging from 300-400 square feet, eight of which include full kitchens. All rooms offer picturesque views of either the surrounding mountains or the expansive pool area. Amenities include a welcoming lobby, business center, large resort-style pool and spa, on-site laundry, playroom, steam room, and sauna. A significant undeveloped portion of land (approximately 9,000 sq ft) at the southeast corner presents exciting potential for expansion or new construction. While the location is undeniably prime and the original architecture is iconic, the property is in need of updating. Offered as-is, with the seller making no repairs or credits. Buyers are advised to conduct their own due diligence.

Listing information courtesy of: Scott Ehrens, Compass (760) 880-1492. *Based on information from the Association of REALTORS/Multiple Listing as of 01/05/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.