12689 Eliseo Rd, Desert Hot Springs, CA 92240
12689 Eliseo Rd, Desert Hot Springs, CA 92240
12689 Eliseo Rd, Desert Hot Springs, CA 92240
28
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$1,650,000
Est. payment /mo
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8 Beds
9 Baths
3,500 SqFt
Price Dropped by $325K

12689 Eliseo Rd Desert Hot Springs, CA 92240

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $471

Subdivision Hacienda Heights

MLS Listing ID 26638757

Style Mid-Century

Bedrooms 8

Year Built 1957

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Multi-Family

Property Description

Sagewater Hotel and Mineral Springs is a 5-star rated wellness retreat on Google and the #1 ranked hotel on TripAdvisor in Desert Hot Springs - California's renowned Spa City. This award-winning mid-century modern boutique hotel, originally built in 1957, has been thoughtfully renovated to honor its iconic design. Sagewater is one of the last remaining mid-century modern hotels in the area, prime for development, with a unique opportunity to purchase five (5) surrounding vacant lots Zoned Visitor Commercial that offer a rare option to expand into a larger wellness destination. Eight guest rooms plus Office and Laundry Room surround the geothermal pool, offering sweeping desert and San Jacinto Mountain views, with in-room kitchens and refined amenities. One of the rooms is currently operated as a highly successful on-site spa which has validated strong demand for expansion of additional wellness rooms on vacant lots. At the heart of the property is a rare geothermal mineral water well, supplying a 80-90 degree mineral pool and 102-104 degree spa renowned for their therapeutic benefits. Set atop Miracle Hill, the hotel enjoys panoramic views across the Coachella Valley and is proximal to Greater Palm Springs, Palm Springs International Airport, and Joshua Tree National Park. Exceptional, one-of-a-kind asset with significant development upside. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history. Sale includes Hotel on 8712 sq. ft. Lot, Mineral Well, All FF&E, Website, Social Media and systems in place. Also available for purchase are 5 additional lots each about 8900 sq. ft., Please see images for lot locations. Please contact listing agent for Offering Memorandum and more information.

Location

State CA

County Riverside

Area Desert Hot Springs

Zoning Commercial Mix Use

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling Air Conditioning

Equipment Built-Ins, Washer, Range/Oven, Dryer, Refrigerator

Laundry Laundry Area

Exterior

Parking Features Uncovered

Garage Spaces 7.0

Pool In Ground, Other

View Y/N Yes

View Mountains, Desert, City

Building

Lot Description 5 + Lots

Story 1

Sewer In Street

Water Well, District

Architectural Style Mid-Century

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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12689 Eliseo Rd