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.
Under contract
Price cut: $100K (6/11)
$1,550,000
12689 Eliseo Rd, Desert Hot Springs, CA 92240
8beds
9baths
3,500sqft
Multi Family
Built in 1957
-- sqft lot
$1,425,000 Zestimate®
$443/sqft
$-- HOA
What's special
Geothermal poolRefined amenitiesEight guest roomsIn-room kitchensHighly successful on-site spaOffice and laundry room
- 165 days |
- 133 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Paul Fisher DRE # 02018310 808-366-1680,
Compass 310-437-7500
Source: CLAW,MLS#: 26638757
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 9
Heating
- Natural Gas
Cooling
- Air Conditioning
Appliances
- Included: Washer, Range/Oven, Dryer, Refrigerator, Gas Water Heater
- Laundry: Laundry Area
Features
- Built-Ins
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 7
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: In Ground, Other
- Spa features: In Ground
- Has view: Yes
- View description: Mountain(s), Desert, City
Lot
- Size: 8,712 Square Feet
- Features: 5 + Lots, Hillside
Details
- Additional structures: None
- Has additional parcels: Yes
- Parcel number: 642111021
- Zoning: Commercial Mix Use
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century
- Property subtype: Multi Family
Condition
- Year built: 1957
Utilities & green energy
- Sewer: In Street
- Water: Well, District
Community & HOA
Community
- Security: Card/Code Access
Location
- Region: Desert Hot Springs
Financial & listing details
- Price per square foot: $443/sqft
- Tax assessed value: $1,167,631
- Annual tax amount: $433
- Date on market: 1/15/2026
Estimated market value
$1,425,000
$1.35M - $1.50M
$2,165/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Contingent | $1,550,000$443/sqft |
Source: | ||
| 6/11/2026 | Price change | $1,550,000-6.1%$443/sqft |
Source: | ||
| 4/17/2026 | Price change | $1,650,000-16.5%$471/sqft |
Source: | ||
| 1/15/2026 | Listed for sale | $1,975,000+12.9%$564/sqft |
Source: | ||
| 3/20/2024 | Listing removed | -- |
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| 3/13/2024 | Listed for sale | $1,750,000+10.5%$500/sqft |
Source: | ||
| 1/13/2024 | Contingent | $1,584,000$453/sqft |
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| 12/1/2023 | Price change | $1,584,000-0.9%$453/sqft |
Source: | ||
| 10/29/2023 | Listed for sale | $1,599,000$457/sqft |
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| 10/2/2023 | Listing removed | -- |
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| 9/19/2023 | Listed for sale | $1,599,000-11.1%$457/sqft |
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| 9/5/2023 | Listing removed | -- |
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| 7/12/2023 | Price change | $1,799,000-5%$514/sqft |
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| 6/30/2023 | Price change | $1,894,000-0.3%$541/sqft |
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| 6/1/2023 | Price change | $1,899,000-20.5%$543/sqft |
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| 5/1/2023 | Price change | $2,390,000-4%$683/sqft |
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| 3/24/2023 | Price change | $2,490,000+9.5%$711/sqft |
Source: | ||
| 4/13/2022 | Pending sale | $2,275,000$650/sqft |
Source: | ||
| 1/26/2022 | Contingent | $2,275,000$650/sqft |
Source: | ||
| 1/18/2022 | Listed for sale | $2,275,000+61.6%$650/sqft |
Source: | ||
| 1/31/2020 | Sold | $1,408,000$402/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $433 -15.9% | $25,500 -18.3% |
| 2024 | $516 -1.1% | $31,212 +2% |
| 2023 | $521 +30.7% | $30,600 +48.5% |
| 2022 | $399 +1.8% | $20,611 +2% |
| 2021 | $392 +12.6% | $20,207 +15% |
| 2020 | $348 +1.3% | $17,567 +2% |
| 2019 | $344 +1.7% | $17,223 +2% |
| 2018 | $338 +9.2% | $16,886 +2% |
| 2017 | $309 | $16,555 +2% |
| 2016 | $309 +5.2% | $16,231 +1.5% |
| 2015 | $294 +0.6% | $15,988 +2% |
| 2014 | $293 | $15,676 +0.4% |
| 2013 | -- | $15,606 +2% |
| 2012 | -- | $15,300 +2% |
| 2011 | -- | $15,000 -10.9% |
| 2010 | -- | $16,826 -0.2% |
| 2009 | -- | $16,867 +2% |
| 2008 | -- | $16,537 +2% |
| 2007 | -- | $16,213 +2% |
| 2006 | -- | $15,896 +2% |
| 2005 | -- | $15,585 -27.8% |
| 2003 | -- | $21,585 +2% |
| 2002 | -- | $21,162 +2% |
| 2001 | $319 +1.9% | $20,748 +2% |
| 2000 | $313 | $20,342 |
Find assessor info on the county website
Monthly payment
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Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Climate risks
Neighborhood: 92240
Nearby schools
GreatSchools rating
- 5/10Cabot Yerxa Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10Desert Springs Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Desert Hot Springs High SchoolGrades: 9-12Distance: 2 mi
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- California
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- 92240
- 12689 Eliseo Rd
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