CBRE facilitated the sale of the Tuscany Manor resort in Palm Springs for $4.75 million. The private buyer plans to 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 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.”

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

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.