Listed by Erik Christianson, The Hoffman Company,

0 Desert View Avenue

Desert Hot Springs, CA, 92240

$4,195,000

$4,195,000
Active
Active
 - For Sale
property_type
Land
'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT' is considered a prized developable land property given that is it known to the be the largest single parcel with hotel zoning (zoned 'VS' - Hotel/Hot Water Resort) in the city; and is also within the Hot Mineral Springs Zone with an existing hot water well (194 degree water - possibly the hottest in town). The subject property is located in the most desirable area of Desert Hot Springs and has spectacular views of the surrounding adjacent hills & Mt. San Jacinto. This irreplaceable property sets itself apart from the competition, and offers a peaceful and tranquil setting for a one-of-a-kind hot water resort. Attractions nearby include Cabot's Pueblo Museum, and spectacular hiking trails nearby and not far in Joshua Tree, and with only a 10 minute drive to Palm Springs. Outright Sale -OR- Long Term Land Lease for $17k per month.**Triple net lease with annual cost of living increases and lessee to also pay brokers' commissions, and all expenses associated with the property, including taxes and insurance. Suggested lease term of 34 years so as not to trigger property tax reassessment under California law. New Reports & Studies now available include: Topo, ALTA Survey, Geotechnical Report, Phase 1 Report, and Conceptual Site Plan for 100-Unit Hotel plus up to 28 Casitas and a 6,000 s.f. Spa.
MLS® ID:
219045324DA
Listed:
6/30/20
Updated:
9/25/22

Exterior/Building Features

Lot Size
21.14 acres lot
Sewer
Other, Unknown

Other Property Details

Area Name
340 - Desert Hot Springs
Garage
No
Parking
N
View
Y
County
Riverside
Pool
No

Property History

Date
Event
Price
Value
6/29/22
Active
-
-
6/29/22
Price Change
$4,195,000
104%
4/1/22
Pending
-
-

 

Listed by Erik Christianson, The Hoffman Company,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/25/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 4:26 AM UTC, 9/25/22

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