Description
Introducing The Sagewater, an iconic 8-room boutique hotel in Desert Hot Springs, #1 on TripAdvisor and 5 stars on Airbnb! This mid-century modern marvel sits atop Miracle Hill, providing guests with therapeutic hot mineral water, picturesque desert views, and a truly authentic desert experience while enjoying benefits of natural hot mineral water. Key Features include a private 179ft deep well which supplies its pool and hot tub with natural hot mineral water, renowned for its therapeutic properties. Each room offers a modern and spacious interior equipped with kitchens and easy pool access. An Ayurvedic Spa is operated out of Room 2; the spa provides consistent additional revenue. Location!! 15 min from Palm Springs Airport, 30 min to Joshua Tree, and under 2 hrs to LA and San Diego. Huge development potential with 5 adjacent lots available for purchase ($49k each), all zoned for Visitor Mixed Use which will preserve Short Term Rental Rights, incredible views, and maintain privacy. Utilize the available lots to add a day spa, more hotel rooms, or vacation rental homes, all with mineral water access from existing Hotel and rare Geothermal Mineral Well. Revenue is constantly growing! With recent upgrades monthly earnings have reached $30K+. Pro-Forma projections indicate potential earnings of $45k+ a month with marketing, extended services, and continued listing on platforms such as AirBnB and VRBO. Recent upgrades allow for the property to be operated remotely. The spa operator and cleaner are willing to stay, and the current owner is looking forward to being available for a smooth transition. *SALE OPTIONS: | Hotel: Priced at $1,584,000, including the Geothermal Mineral Well. | Business Goodwill: Available at $89,000, inclusive of furniture, the website, software/reservation systems, and social media. | Additional Lots: Each covering an area of approximately 8,500 sq.ft, available for $49,000. Act fast and capitalize on the upcoming busy season, including events like Coachella and Stagecoach. This property is not just an investment; it's an opportunity to own a piece of the desert's heart and history.
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th December, 2023 2:01 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th December, 2023 2:01 PM (UTC)
Listing Agent: Paul Fisher
Listing Office: Compass
