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12689 Eliseo Rd
For Sale $1,975,000 ($564.29 per Sq Ft)
$1,975,000 ($564.29 per Sq Ft)
- 8 Units
- 3,500 Sq Ft
- 51,212 Sq Ft
- Unknown Cap Rate
Description
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 contact listing agent for Offering Memorandum with more information.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,975,000 |
| Property Type | Multi-Family |
| Usable Sqft | 3,500 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1957 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 642111021 |
| MLS # | 26638757 |
| Property ID | 295221621 |
| Lot Sqft | 51,212 |
| Zoning | Commercial Mix Use |
| Total Units | 8 |
| Days on Market | 47 |
| Original List Price | $1,975,000 |
| Date Updated | January 25, 2026 |
| Date Created | January 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $14,233 | $25,000 |
| Gross Income (Yr) | $ 170,800 |
| Operating Expenses | $ 5,525 |
| Net Income (Yr) | $ 8,708 |
| Cap Rate | 5.20% |
Listing Provided By
Paul Fisher an agent of . Lic #02018310
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Robert Crawford
REAL ESTATE AGENT