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12689 Eliseo Road — Desert Hot Springs — 8 Beds • 9 Baths • 3,500 Sq Ft | Belmont Brokerage | Belmont Brokerage

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$1,650,000

$471/ft²

12689 Eliseo Rd, Desert Hot Springs, CA 92240

Listed by Paul Fisher | Compass•MLS: 26638757

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 1955, 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-Mixed Use 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 ~160 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 8500 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 8500 sq ft. Please see images for lot locations. Please contact listing agent for Offering Memorandum and more information.

$1,650,000

12689 Eliseo Rd, Desert Hot Springs, CA 92240

Property Description

Location

Listing Agent

Presented by Belmont Brokerage Inc.

12689 Eliseo Road, Desert Hot Springs, CA 92240

About This Property

Property Photos

$1,650,000

12689 Eliseo Rd, Desert Hot Springs, CA 92240

Property Description

Location

Listing Agent

Presented by Belmont Brokerage Inc.