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Under contract
  • Price cut: $100K (6/11)
    $1,550,000

    12689 Eliseo Rd, Desert Hot Springs, CA 92240

    8beds
    9baths
    3,500sqft
    : 
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    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
    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.
    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#: 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: $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

        DateEventPrice
        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
        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

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92240

        Getting around

        27 / 100
        Car-Dependent
        26 / 100
        Some Transit
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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