9
Baths
3,500 Sq. Ft.
$564 / Sq. Ft.
3,500
Sq. Ft.
$564
per Sq. Ft.

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...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.

Listing Agent

  1. Paul Fisher

    Paul Fisher

    Listing Agent

    Compass

    DRE #02018310

    paul.fisher@compass.com

    P: (808)-366-1680

Property Details for 12689 Eliseo Road

Zoning
Commercial Mix Use
Style
Mid-Century
Property Attached YN
true
Parcel Number
642111021
Total Units
8.0
Living Area
3500
Source Living Area
Owner
Area
Desert Hot Springs (340)
LISTING UPDATED: 01/25/2026 12:51 AM

Property Details for 12689 Eliseo Road

StatusActive
MLS #26638757
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size1.18 AC / 51,212 SF
CountyRiverside County

Location

Listing Courtesy of Compass, Paul Fisher, DRE #02018310
Add your commute

Building Information for 12689 Eliseo Road

Stories1Residences-Year Built1957Building Size-Lot Size1.18 AC / 51,212 SF

Payment Calculator

$9,664 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,626

Property Taxes

$38

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12689 Eliseo Road

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
  • Builders Tract Name: Hacienda Heights
  • Builders Tract Code: 7730
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Ensuites + K
  • View: Yes
  • View Description: Mountains, Desert, City
  • View: Mountain(s), Desert, City Lights
  • Security Features: Card/Code Access
  • Water: Well, District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Other, Cash, Cash To New Loan, Cash To Existing Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $170,800
  • Net Operating Income: $8,708.00
  • Gross Income: $14,233
  • Cap Rate: 5.20%
  • Gross Rent Multiplier: $11.60
  • Actual Annual Gross Rent: $170,800.00
  • Actual Gross Annual Income: $170,800
  • Financial Info as Of: 01/01/2026
  • Owner Pays: Gas, Electricity, Gardener, Pool Service, Water
  • Total Annual Expense: 5524.75
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Lot Acreage: 1.15
  • Lot Size Square Feet: 51212
  • Lot Description: 5 + Lots
  • Lot Location: Hillside
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 7
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: Air Conditioning
  • Cooling Type: Air Conditioning
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Built-Ins, Washer, Range/Oven, Dryer, Refrigerator
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground, Other
  • Pool Features: In Ground, See Remarks
  • Spa: Yes
  • Spa: In Ground
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-15-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $14,233.00
  • Unit Actual Rent: $14,233.00
  • Unit Projected Rent: $25,000.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,074,881.00
  • Assessed Improvement Percent: 92.06
  • Assessed Land Value: $92,750.00
  • Assessed Land Percent: 7.94
  • Assessed Total Value: $1,167,631.00

Property History for 12689 Eliseo Road

DateEvent & SourcePriceAppreciation
Jan 15, 2026

Listed (Active)

CLAW #26638757

$1,975,000—
Jan 15, 2026

Listed (Active)

CRMLS #26638757

$1,975,000—
Mar 20, 2024

Withdrawn / Cancelled

CLAW #24-367989

—
Mar 20, 2024

Withdrawn / Cancelled

CRMLS #24367989

$1,750,000—
Mar 12, 2024

Listed (Active)

CLAW #24-367989

$1,750,000—
Mar 12, 2024

Listed (Active)

CRMLS #24367989

$1,750,000—
Mar 8, 2024

Sold

CRMLS #23253941

$1,780,000—
Mar 8, 2024

Sold

CLAW #23-253941

—
Mar 8, 2024

Sold

SDMLS #23-253941

$1,780,000—
Feb 13, 2024

Price Change

CLAW #23-253941

$1,500,000—
Jan 11, 2024

Pending

CLAW #23-253941

—
Jan 11, 2024

Pending

SDMLS #23-253941

—
Jan 11, 2024

Accepting Backup Offers

CLAW #23-253941

—
Jan 11, 2024

Accepting Backup Offers

CRMLS #23253941

—
Nov 30, 2023

Price Change

CLAW #23-253941

$1,584,000—
Nov 30, 2023

Price Change

CRMLS #23253941

$1,584,000—
Oct 29, 2023

Price Change

CLAW #23-253941

$1,599,000—
Oct 29, 2023

Listed (Active)

CRMLS #23253941

$1,599,000—
Oct 29, 2023

Listed (Active)

CLAW #23-253941

$2,490,000—
Oct 2, 2023

Withdrawn / Cancelled

CRMLS #23253941

—
Oct 1, 2023

Withdrawn / Cancelled

CLAW #23-253941

—
Sep 19, 2023

Price Change

CRMLS #23253941

$1,599,000—
Sep 19, 2023

Listed (Active)

CRMLS #23253941

—
Sep 19, 2023

Price Change

CLAW #23-253941

$1,599,000—
Sep 19, 2023

Price Change

CLAW #23-253941

$2,490,000—
Sep 5, 2023

Hold

CRMLS #23253941

—
Jul 12, 2023

Price Change

CRMLS #23253941

$1,799,000—
Jul 12, 2023

Price Change

CLAW #23-253941

$1,799,000—
Jun 30, 2023

Price Change

CRMLS #23253941

$1,894,000—
Jun 30, 2023

Price Change

CLAW #23-253941

$1,894,000—
Jun 15, 2023

Price Change

CLAW #23-253941

$1,899,000—
Jun 1, 2023

Expired

CRMLS #23253941

$2,390,000—
Jun 1, 2023

Listed (Active)

CLAW #23-253941

$2,490,000—
May 31, 2023

Expired

CLAW #23-253941

$2,390,000—
May 25, 2023

Hold

CRMLS #23253941

—
May 1, 2023

Price Change

CRMLS #23253941

$2,390,000—
Mar 24, 2023

Hold

CLAW #23-253941

—
Mar 24, 2023

Listed (Active)

CLAW #23-253941

$2,490,000—
Mar 24, 2023

Listed (Active)

CRMLS #23253941

$2,490,000—
Mar 24, 2023

Listed (Active)

SDMLS #23-253941

$2,490,000—
Jun 8, 2022

Sold

SDMLS #22-118909

$2,350,000—
Jun 8, 2022

Sold

CRMLS #22118909

$2,350,000—
Jun 8, 2022

Sold

CLAW #22-118909

$2,350,000—
Apr 13, 2022

Pending

CRMLS #22118909

—
Mar 4, 2022

Accepting Backup Offers

CLAW #22-118909

—
Mar 4, 2022

Accepting Backup Offers

CRMLS #22118909

—
Mar 3, 2022

Pending

CLAW #22-118909

—
Mar 3, 2022

Pending

SDMLS #22-118909

—
Jan 18, 2022

Listed (Active)

CRMLS #22118909

$2,275,000—
Jan 18, 2022

Listed (Active)

SDMLS #22-118909

$2,275,000—
Jan 18, 2022

Listed (Active)

CLAW #22-118909

$2,275,000—
Jan 14, 2004

Sold (Public Record)

Public Record #127274862

$20,000

+9.0% / yr

Jun 11, 2003

Sold (Public Record)

Public Record #113938022

$19,000—
DateEvent & SourcePrice
01/15/2026

Listed (Active)

CLAW #26638757

$1,975,000
01/15/2026

Listed (Active)

CRMLS #26638757

$1,975,000
03/20/2024

Withdrawn / Cancelled

CLAW #24-367989

—
03/20/2024

Withdrawn / Cancelled

CRMLS #24367989

$1,750,000
03/12/2024

Listed (Active)

CLAW #24-367989

$1,750,000
03/12/2024

Listed (Active)

CRMLS #24367989

$1,750,000
03/08/2024

Sold

CRMLS #23253941

$1,780,000
03/08/2024

Sold

CLAW #23-253941

—
03/08/2024

Sold

SDMLS #23-253941

$1,780,000
02/13/2024

Price Change

CLAW #23-253941

$1,500,000
01/11/2024

Pending

CLAW #23-253941

—
01/11/2024

Pending

SDMLS #23-253941

—
01/11/2024

Accepting Backup Offers

CLAW #23-253941

—
01/11/2024

Accepting Backup Offers

CRMLS #23253941

—
11/30/2023

Price Change

CLAW #23-253941

$1,584,000
11/30/2023

Price Change

CRMLS #23253941

$1,584,000
10/29/2023

Price Change

CLAW #23-253941

$1,599,000
10/29/2023

Listed (Active)

CRMLS #23253941

$1,599,000
10/29/2023

Listed (Active)

CLAW #23-253941

$2,490,000
10/02/2023

Withdrawn / Cancelled

CRMLS #23253941

—
10/01/2023

Withdrawn / Cancelled

CLAW #23-253941

—
09/19/2023

Price Change

CRMLS #23253941

$1,599,000
09/19/2023

Listed (Active)

CRMLS #23253941

—
09/19/2023

Price Change

CLAW #23-253941

$1,599,000
09/19/2023

Price Change

CLAW #23-253941

$2,490,000
09/05/2023

Hold

CRMLS #23253941

—
07/12/2023

Price Change

CRMLS #23253941

$1,799,000
07/12/2023

Price Change

CLAW #23-253941

$1,799,000
06/30/2023

Price Change

CRMLS #23253941

$1,894,000
06/30/2023

Price Change

CLAW #23-253941

$1,894,000
06/15/2023

Price Change

CLAW #23-253941

$1,899,000
06/01/2023

Expired

CRMLS #23253941

$2,390,000
06/01/2023

Listed (Active)

CLAW #23-253941

$2,490,000
05/31/2023

Expired

CLAW #23-253941

$2,390,000
05/25/2023

Hold

CRMLS #23253941

—
05/01/2023

Price Change

CRMLS #23253941

$2,390,000
03/24/2023

Hold

CLAW #23-253941

—
03/24/2023

Listed (Active)

CLAW #23-253941

$2,490,000
03/24/2023

Listed (Active)

CRMLS #23253941

$2,490,000
03/24/2023

Listed (Active)

SDMLS #23-253941

$2,490,000
06/08/2022

Sold

SDMLS #22-118909

$2,350,000
06/08/2022

Sold

CRMLS #22118909

$2,350,000
06/08/2022

Sold

CLAW #22-118909

$2,350,000
04/13/2022

Pending

CRMLS #22118909

—
03/04/2022

Accepting Backup Offers

CLAW #22-118909

—
03/04/2022

Accepting Backup Offers

CRMLS #22118909

—
03/03/2022

Pending

CLAW #22-118909

—
03/03/2022

Pending

SDMLS #22-118909

—
01/18/2022

Listed (Active)

CRMLS #22118909

$2,275,000
01/18/2022

Listed (Active)

SDMLS #22-118909

$2,275,000
01/18/2022

Listed (Active)

CLAW #22-118909

$2,275,000
01/14/2004

Sold (Public Record)

Public Record #127274862

$20,000

+9.0% / yr

06/11/2003

Sold (Public Record)

Public Record #113938022

$19,000

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$25,500Additions-Total$25,500
Tax Record2025$453 ($38 / month)
Home Facts
Beds0Lot Size10,454 SqFtStyleMiscellaneous Vacant LandZoningTRCountyRIVERSIDEAPN642-111-020

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.

Similar Homes

Similar Sold Homes

12689 Eliseo Road is a multi-family home for sale in Desert Hot Springs, CA 92240. This property was listed for sale on January 15, 2026 by Compass, it's currently listed at $1,975,000. It has been on the market for a total of 22 days and was last sold on March 8, 2024. This listing's school district is Palm Springs Unified School District. Nearby schools include Cabot Yerxa Elementary School, Desert Springs Middle School and Desert Hot Springs High School. 12689 Eliseo Road is a 8-bed, 9-bath, 3,500 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Paul Fisher, DRE #02018310

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.