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12689 Eliseo Rd, Desert Hot Springs, CA 92240
$1,780,000
12689 Eliseo Rd, Desert Hot Springs, CA 92240View this property at 12689 Eliseo Rd, Desert Hot Springs, CA 92240
12689 Eliseo RdDesert Hot SpringsCA92240
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Property Description
Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties. Each room offers a modern and spacious interior equipped with kitchens and easy pool access. An Ayurvedic Spa is operated out of Room 2; the spa provides consistent additional revenue. Location!! 15 min from Palm Springs Airport, 30 min to Joshua Tree, and under 2 hrs to LA and San Diego. Huge development potential with 5 adjacent lots available for purchase ($45k each), all zoned for Visitor Mixed Use which will preserve Short Term Rental Rights, incredible views, and maintain privacy. Utilize the available lots to add a day spa, more hotel rooms, or vacation rental homes, all with mineral water access from existing Hotel and rare Geothermal Mineral Well. Revenue is constantly growing! With recent upgrades monthly earnings have reached $30K+. Pro-Forma projections indicate potential earnings of $45k+ a month with marketing, extended services, and continued listing on platforms such as AirBnB and VRBO. Recent upgrades allow for the property to be operated remotely. The spa operator and cleaner are willing to stay, and the current owner is looking forward to being available for a smooth transition. *SALE OPTIONS: | Hotel: Priced at $1,500,000, including the Geothermal Mineral Well. | Business Goodwill: Available at $89,000, inclusive of furniture, the website, software/reservation systems, and social media. | Additional Lots: Each covering an area of approximately 8,500 sq.ft, available for $45,200. Act fast and capitalize on the upcoming busy season, including events like Coachella and Stagecoach. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history.
Full Property Details
Full Property Details for 12689 Eliseo Rd
General
- Sold For: $1,780,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-253941
- Added to Site: 425 day(s) ago
Business
- Business Type: Hotel and Spa with Geothermal Mineral Well
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Laundry Area
Additional Information
- Pool: Yes
- Pool Description: In-Ground
- Spa: Yes
- Spa Description: In-Ground
- Security/Safety: Card/Code Access
- Other Features: None
Parking
- Garage Description: Uncovered
Location
- Area: Desert Hot Springs
- County: Riverside
- Driving Directions: At the top of Eliseo Rd! Look for the "Sagewater Hotel and Mineral Springs" sign! Please use Maps for detailed directions.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Natural Gas
Utilities
- Water: Well
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 1
- Square Feet: 3,500
- Sq. Ft. Source: Owner
- Year Built: 1957
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Property View: Mountains, Desert, City
- Lot Size (Acres): 0.2
- Lot Size: 8712
- Lot Size Source: Owner
- Lot Features: Hillside
- Zoning: R4
- Lot Description: 5 + Lots
Financial Considerations
- Price Per Sq. Ft.: $428.57
- Assessment Year: 1957
- Owner Pays: Gas, Electricity, Gardener, Pool Service, Water
Disclosures and Reports
- Disclosures/Reports: None
- APN: 642-111-021
Listed and Sold by Compass, Paul Fisher
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Schools
Schools serving 12689 Eliseo Rd
School District:Palm Springs Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
67067 Desert View Ave, Dsrt Hot Spgs, CA 92240 | K-5 | 0.5 mi | |
66755 Two Bunch Palms Trl, Dsrt Hot Spgs, CA 92240 | 6-8 | 1 mi | |
65850 Pierson Blvd, Dsrt Hot Spgs, CA 92240 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12689 Eliseo Rd
Date
Details
Price
Change
Source
3/08/2024
Sold
$1,780,000
18.67%
MLS
2/13/2024
Price Reduced
$1,500,000
-5.3%
MLS
12/01/2023
Price Reduced
$1,584,000
-0.94%
MLS
9/19/2023
Price Reduced
$1,599,000
-11.12%
MLS
7/12/2023
Price Reduced
$1,799,000
-5.02%
MLS
6/30/2023
Price Reduced
$1,894,000
-0.26%
MLS
6/01/2023
Price Reduced
$1,899,000
-20.54%
MLS
5/01/2023
Price Reduced
$2,390,000
-4.02%
MLS
3/24/2023
Listed
$2,490,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
12689 Eliseo Rd, Desert Hot Springs, CA 92240 (MLS# 23-253941) is a Multi-Family property that was sold at $1,780,000 on March 08, 2024. Want to learn more about 12689 Eliseo Rd? Do you have questions about finding other Multi-Family real estate for sale in Desert Hot Springs? You can browse all Desert Hot Springs real estate or contact a Coldwell Banker agent to request more information.