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.
For sale
$1,975,000
12689 Eliseo Rd, Desert Hot Springs, CA 92240
8beds
9baths
3,500sqft
Est.:
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
- 79 days |
- 489 |
- 22 |
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#: 26638757
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
Estimated market value
$1,831,500
$1.74M - $1.92M
$1,462/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Listed for sale | $1,975,000+12.9%$564/sqft |
Source: | ||
| 3/20/2024 | Listing removed | -- |
Source: | ||
| 3/13/2024 | Listed for sale | $1,750,000+10.5%$500/sqft |
Source: | ||
| 1/13/2024 | Contingent | $1,584,000$453/sqft |
Source: | ||
| 12/1/2023 | Price change | $1,584,000-0.9%$453/sqft |
Source: | ||
| 10/29/2023 | Listed for sale | $1,599,000$457/sqft |
Source: | ||
| 10/2/2023 | Listing removed | -- |
Source: | ||
| 9/19/2023 | Listed for sale | $1,599,000-11.1%$457/sqft |
Source: | ||
| 9/5/2023 | Listing removed | -- |
Source: | ||
| 7/12/2023 | Price change | $1,799,000-5%$514/sqft |
Source: | ||
| 6/30/2023 | Price change | $1,894,000-0.3%$541/sqft |
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| 6/1/2023 | Price change | $1,899,000-20.5%$543/sqft |
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| 5/1/2023 | Price change | $2,390,000-4%$683/sqft |
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| 3/24/2023 | Price change | $2,490,000+9.5%$711/sqft |
Source: | ||
| 4/13/2022 | Pending sale | $2,275,000$650/sqft |
Source: | ||
| 1/26/2022 | Contingent | $2,275,000$650/sqft |
Source: | ||
| 1/18/2022 | Listed for sale | $2,275,000+61.6%$650/sqft |
Source: | ||
| 1/31/2020 | Sold | $1,408,000$402/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 5/10Cabot Yerxa Elementary SchoolGrades: K-5Distance: 0.4 mi
- 1/10Desert Springs Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Desert Hot Springs High SchoolGrades: 9-12Distance: 2.1 mi
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