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Sold for $1,700,000
  • $1,700,000

    12689 Eliseo Rd, Desert Hot Springs, CA 92240

    8beds
    9baths
    3,500sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $-- Zestimate®
    $486/sqft
    $1,630 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,630/mo

    Zestimate® history
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    What's special

    Geothermal poolRefined amenitiesEight guest roomsIn-room kitchensHighly successful on-site spaOffice and laundry room
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Fisher DRE # 02018310 808-366-1680,

    Compass 310-437-7500

    Bought with:

    Mathew Thomas, DRE # 01314030

    Keller Williams Realty

    Source: CLAW,MLS#: 26638757MLS Logo

    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: $486/sqft
    • Tax assessed value: $1,167,631
    • Date on market: 1/15/2026

    Price history

    DateEventPrice
    7/27/2026Sold$1,700,000+9.7%$486/sqft
    Source: CLAW #26638757 Report a problem
    6/11/2026Contingent$1,550,000$443/sqft
    Source: CLAW #26638757 Report a problem
    6/11/2026Price change$1,550,000-6.1%$443/sqft
    Source: CLAW #26638757 Report a problem
    4/17/2026Price change$1,650,000-16.5%$471/sqft
    Source: CLAW #26638757 Report a problem
    1/15/2026Listed for sale$1,975,000+12.9%$564/sqft
    Source: CLAW #26638757 Report a problem
    3/20/2024Listing removed--
    Source: CLAW #24-367989 Report a problem
    3/13/2024Listed for sale$1,750,000+10.5%$500/sqft
    Source: CLAW #24-367989 Report a problem
    1/13/2024Contingent$1,584,000$453/sqft
    Source: CLAW #23-253941 Report a problem
    12/1/2023Price change$1,584,000-0.9%$453/sqft
    Source: CLAW #23-253941 Report a problem
    10/29/2023Listed for sale$1,599,000$457/sqft
    Source: CLAW #23-253941 Report a problem
    10/2/2023Listing removed--
    Source: CLAW #23-253941 Report a problem
    9/19/2023Listed for sale$1,599,000-11.1%$457/sqft
    Source: CLAW #23-253941 Report a problem
    9/5/2023Listing removed--
    Source: CLAW #23-253941 Report a problem
    7/12/2023Price change$1,799,000-5%$514/sqft
    Source: CLAW #23-253941 Report a problem
    6/30/2023Price change$1,894,000-0.3%$541/sqft
    Source: CLAW #23-253941 Report a problem
    6/1/2023Price change$1,899,000-20.5%$543/sqft
    Source: CLAW #23-253941 Report a problem
    5/1/2023Price change$2,390,000-4%$683/sqft
    Source: CLAW #23-253941 Report a problem
    3/24/2023Price change$2,490,000+9.5%$711/sqft
    Source: CLAW #23-253941 Report a problem
    4/13/2022Pending sale$2,275,000$650/sqft
    Source: CLAW #22-118909 Report a problem
    1/26/2022Contingent$2,275,000$650/sqft
    Source: CLAW #22-118909 Report a problem
    1/18/2022Listed for sale$2,275,000+61.6%$650/sqft
    Source: CLAW #22-118909 Report a problem
    1/31/2020Sold$1,408,000$402/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $26,010 +2%
    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

    Neighborhood: 92240

    Nearby schools

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