$2,350,000
$2,275,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
12689 ELISEO RD Desert Hot Springs, CA 92240
8 Beds
8 Baths
8,712 Sqft Lot
Key Details
Sold Price $2,350,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22-118909
Sold Date 06/08/22
Style Mid-Century
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1954
Lot Size 8,712 Sqft
Acres 1.34
Property Sub-Type Single Family Residence
Property Description
Sagewater Spa is a mid-century modern, hot mineral water spa hotel. New to market; this is an excellent value-add investment opportunity in Desert Hot Springs, as Health & Wellness Tourism is set to explode in the upcoming post-pandemic era. Tremendous upside potential exists with expansion plans included for the 5 vacant lots and one single-family home that are included with the sale. This award-winning hotel has been thoughtfully renovated, with careful consideration to its original design details of 1954, when Desert Hot Springs became a celebrity playground known for its curative waters. Surrounding the geothermal pool & spa are eight rooms; five with desert-views and three with expansive-views of the San Jacinto Mountains. The internationally-renowned natural mineral water is sourced from the property's own hot water well at 165 degrees. The 90-degree mineral water pool and 104-degree spa is rejuvenating for the body and mind and can promote wellness on all levels. Only 15 minutes from Palm Springs and Palm Desert, visitors can also enjoy: shopping, dining, and bargain-hunting at the Cabazon Desert Hills Premium Outlets just 30 minutes away. The majestic Joshua Tree National Park is just a 45-minute drive from Sagewater Spa, offering an unequaled visual adventure. The property is also walking distance to the Cabot's Pueblo Museum. This rare opportunity to own one of the last original mineral spa hotels with additional land for major expansion on the famous Miracle Hill Area won't last long. Contact the exclusive listing brokers from Compass Commercial for more information.
Location
State CA
County Riverside
Area Desert Hot Springs
Zoning R4
Rooms
Other Rooms Other, Pool House
Dining Room 0
Interior
Heating Other
Cooling Air Conditioning, Wall Unit(s)
Flooring Ceramic Tile
Fireplaces Type None
Equipment Range/Oven, Refrigerator, Washer, Dryer
Laundry Room
Exterior
Parking Features Side By Side
Garage Spaces 7.0
Pool In Ground, Heated
View Y/N Yes
View Panoramic, Mountains, Desert
Building
Lot Description 5 + Lots
Story 1
Architectural Style Mid-Century
Others
Special Listing Condition Standard
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Bought with Compass
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