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For sale
  • $1,975,000

    12689 Eliseo Rd, Desert Hot Springs, CA 92240

    8beds
    9baths
    3,500sqft
    : 
    Multi Family
    Built in 1957
    -- sqft lot
    $1,831,500 Zestimate®
    $564/sqft
    $-- HOA

    What's special

    Geothermal poolRefined amenitiesEight guest roomsIn-room kitchensSet atop miracle hillHighly 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 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.
    79 days
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    489
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    22
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    Zillow last checked: 7 hours ago

    Listing updated: January 24, 2026 at 04:51pm

    Listed by:

    Paul Fisher DRE # 02018310 808-366-1680,

    Compass 310-437-7500

    Source: CLAW,MLS#: 26638757MLS Logo

    Tour with a local agent

      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: 1.15 Acres
      • Features: 5 + Lots, Hillside
      Details
      • Additional structures: None
      • Has additional parcels: Yes
      • Parcel number: 642121021
      • 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: $564/sqft
      • Tax assessed value: $1,167,631
      • Annual tax amount: $433
      • Date on market: 1/15/2026
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        Estimated market value

        $1,831,500

        $1.74M - $1.92M

        $1,462/mo

        Price history

        Price history
        DateEventPrice
        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

        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

        BuyAbility℠ payment

        Est. payment
        $11,653/mo
        Principal & interest
        $9727
        Property taxes
        $1926
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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

          Local experts in 92240

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