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12689 Eliseo Rd
Desert Hot Springs, CA 92240
Sagewater Springs · Hospitality Property For Sale
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8 Rooms
INVESTMENT HIGHLIGHTS
- Exceptional Development Potential – One of the last remaining mid-century modern boutique hotels in the area, complemented by surrounding land and sig
- Premier Miracle Hill Location – Elevated setting on Miracle Hill within a business-friendly environment, surrounded by established wellness and hospit
- Rare Geothermal Mineral Spring Well – On-site geothermal well supplying naturally heated mineral water to the spa and pool via an exclusive free-flow
EXECUTIVE SUMMARY
Huge Development Opportunity Plus Current Income! 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, featuring five surrounding vacant lots Zoned Visitor-Mixed Use that offer a rare opportunity 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 6 lots (1.15 acres), Mineral Well, All FF&E, Website, Social Media and systems in place. Please see Offering Memorandum for more information.
PROPERTY FACTS
AMENITIES
- Business Center
- Pool
- Spa
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | $257.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,586,202 | |
| Land Assessment | $117,300 | Total Assessment | $1,703,502 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$117,300
Improvements Assessment
$1,586,202
Total Assessment
$1,703,502
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