MIRACLE HILL DESERT HOT SPRINGS, CA 92240

Features

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Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

This 1950 classic and historical 1538 sq. ft original adobe home is on a wonderful hot water property of 6.5 acres with 5 APNs in the heart of Miracle Hill in Desert Hot Springs. The five APNs are 642060004 (1 acre), 642060018 (.49 acres), 642060019 (2.01 acres), 642060012 (2.50 acres) and 642060020 (.50 acres.) The City of Desert Hot Springs recently changed the zoning of all five APNs to Visitor Serving Commercial. So you could renovate the house and reside there, or build a hotel, spa, day spa, etc. etc. You could also sell three of the APNs and still have 1.5 Acres with the house on it!The well works and the water is 118 degrees but needs to be verified. The iconic views take in the Coachella Valley with Mt. San Jacinto jumping out center frame!This very buildable property is in the true heart of Desert Hot Springs, and part of it is back to back with the Cabot Yerxa Museum property. At one time, Coleman Eyraud who took over the Cabot Yerxa Museum after Yerxa passed, wanted to build out this very property into a 48 room spa hotel, but his vision was never realized. Now is your chance to pick it up where Eyraud left off! Also, in the 1960s there were plans to turn the Museum property into a visitors' destination with trails, spa gardens, a visitors center, environmental and educational tours. The city could not afford it at the time, so that too never came to pass.Buyers will need to roll up their sleeves and get to work on the home. All detailed information will need to be verified. The adobe house needs fixing and repairs, and buyer will need to perform due diligence in order to verify the condition, but the bones and location are fabulous and so are the red and white etched concrete floors, original wood ceilings and rafters. The pool and spa are tremendous but will also need a make-over. This magical property was also featured in Predock Frane Architectural Magazine as there were also plans made for an amazingly beautiful Zen Retreat. This property has soul and promise written all over it!Hands down this is the most outstanding property in DHS for a new hotel, pods, day spa, etc. The adobe house could turn into the check in/visitor center for arriving guests, and even serve as a treatment center. The other 5.5 acres could be a perfect mixture of Cabot Yerxa's vision for an environmental master plan and the spa hotel of your dreams. Or you could use the one acre with the house for a fabulous day spa and sell the other APNs to recoup your investment. Seller could be willing to carry the mortgage. The possibilities are endless!