12689 Eliseo Road Desert Hot Springs, CA $ 1,975,000
12689 Eliseo Road
$ 1,975,000
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12689 Eliseo Road

Desert Hot Springs, CA, 92240
$ 1,975,000
Bedrooms8 Baths8.0 Sq 3,500

Monthly Estimate*

$ 12,160

Listed by Compass
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Multi-Family Home for sale in Desert Hot Springs, CA

for $1,975,000 with 8 bedrooms and 8 full baths. This 3,500 square foot home was built in 1957 on a lot size of 1.1757.

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.

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Multi-Family Active

Price

$ 1,975,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.1757

Year Built

1957

Town/City

Desert Hot Springs

County/Region

Riverside

MLS | Web ID

26638757

Days on Market

3

Features
General
Living Area 3500
Sewer Other
Heating Natural Gas
Possession Close Of Escrow
Appliances Refrigerator Dryer Washer
Zoning Commercial Mix Use
Architectural Style Mid-Century Modern
Pool Features In Ground See Remarks
Security Features Key Card Entry
Year Built 1957
View City Lights Desert Mountain(s)
Stories Count 1
Levels One
Gross Income 14233
County Riverside
Net Operating Income 8708
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Hacienda Heights
Full Baths 0
Special Listing Conditions Standard
Status Active
Buyer Financing Cash
Directions At the top of Eliseo Rd! Look for the "Sagewater Hotel and Mineral Springs" sign! Please use Maps for detailed directions.
City Desert Hot Springs
Senior Community Y/N false
Number Of Units Total 8
MLS Area 340 - Desert Hot Springs
Lot Size Units Square Feet
Lot Size Square Feet 51212
Spa Features In Ground
Property Attached Y/N true
Land Lease Y/N false
Additional Parcels Y/N true
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.2
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Interior
Total Stories 1
Common Walls 1 Common Wall
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 8
Total Baths 9
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Exterior
Parking Features Uncovered
Water Source Public Well
Total Parking 7
Lot Size Area 51212
Number of Buildings 1
Spa true
Building Area Total 3500
Lot Size Acres 1.1757
Lot Size Source Owner
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* Excluded Features
List By
Compass

Broker

paulfisherhomes@gmail.com

Email

Affordability Calculator

$12,160
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Monthly Principal & Interest
$12,160
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$1,975,000 Listed Price

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12689 Eliseo Road, Desert Hot Springs, CA, 92240 is a Multi-Family Home for sale at $1,975,000 with 3,500 sqft and a lot size of 1.1757. 12689 Eliseo Road has 8 bedrooms, 8.0 baths, and was built in 1957. The property's zip code is 92240 which is in Desert Hot Springs, CA