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.
Sold for $1,780,000 on 03/08/24
$1,780,000
12689 Eliseo Rd, Desert Hot Springs, CA 92240
1beds
1baths
--sqft
Multi Family
Built in 1957
-- sqft lot
$744,300 Zestimate®
$--/sqft
$2,676 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 13, 2024 at 04:11am
Listed by:
Paul Fisher DRE #02018310 808-366-1680,
Compass
Bought with:
Paul Fisher, DRE #02018310
Compass
Source: SDMLS,MLS#: 23-253941
Originating MLS: Beverly Hills/Greater LA

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Cooling
- Central Forced Air
Interior area
- Total structure area: 0
Property
Features
- Levels: 1 Story
- Pool features: Below Ground
- Spa features: Yes
- Has view: Yes
- View description: City, Mountains/Hills
Lot
- Size: 8,712 sqft
Details
- Parcel number: 642121021
- Zoning: R4
- Zoning description: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1957
Utilities & green energy
- Water: Well on Property
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Desert Hot Springs
Other
Other facts
- Listing terms: Cash,Other/Remarks
Services availability

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