12689 Eliseo Road
$1,780,000
8
9
3,500
3,500
$509
Sold 3/8/24
Description
Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties....Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties. Each room offers a modern and spacious interior equipped with kitchens and easy pool access. An Ayurvedic Spa is operated out of Room 2; the spa provides consistent additional revenue. Location!! 15 min from Palm Springs Airport, 30 min to Joshua Tree, and under 2 hrs to LA and San Diego. Huge development potential with 5 adjacent lots available for purchase ($45k each), all zoned for Visitor Mixed Use which will preserve Short Term Rental Rights, incredible views, and maintain privacy. Utilize the available lots to add a day spa, more hotel rooms, or vacation rental homes, all with mineral water access from existing Hotel and rare Geothermal Mineral Well. Revenue is constantly growing! With recent upgrades monthly earnings have reached $30K+. Pro-Forma projections indicate potential earnings of $45k+ a month with marketing, extended services, and continued listing on platforms such as AirBnB and VRBO. Recent upgrades allow for the property to be operated remotely. The spa operator and cleaner are willing to stay, and the current owner is looking forward to being available for a smooth transition. *SALE OPTIONS: | Hotel: Priced at $1,500,000, including the Geothermal Mineral Well. | Business Goodwill: Available at $89,000, inclusive of furniture, the website, software/reservation systems, and social media. | Additional Lots: Each covering an area of approximately 8,500 sq.ft, available for $45,200. Act fast and capitalize on the upcoming busy season, including events like Coachella and Stagecoach. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history.
Listing Agent
Property Details for 12689 Eliseo Road
Zoning
R4
Parcel Number642111021
Total Units8.0
Living Area3500
Source Living AreaOwner
AreaDesert Hot Springs (340)
Subdivision NameHacienda Heights
Vacancy Rate0
LISTING UPDATED: 03/12/2024 04:19 PM
Property Details for 12689 Eliseo Road
Status | Sold |
---|---|
MLS # | 23-253941 |
Days on Market | 244 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.20 AC / 8,712 SF |
County | Riverside County |
Buyer's Agent Compensation | 2.5% |
Virtual Tour
Building Information for 12689 Eliseo Road
Stories1Residences-Year Built1957Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 12689 Eliseo Road
Property History for 12689 Eliseo Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12689 Eliseo Road
Taxable ValueLand$31,212Additions-Total$31,212
Tax Record2024$517 ($43 / month)
Home Facts
Beds0Lot Size7,840 SqFtStyleResidentialZoningTRCountyRIVERSIDEAPN642-121-020
Schools near 12689 Eliseo Road
This home is within Palm Springs Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Cabot Yerxa Elementary School PublicK to 5 | ||
Desert Springs Middle School Public6 to 8 | ||
Desert Hot Springs High School Public9 to 12 | ||
Bella Vista Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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