1 Desert View Avenue

Desert Hot Springs, CA 92240
$2,950,000
20.00 acres | #219117841DA
Courtesy of The Hoffman Company

Description

'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT' is a prime developable land property 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). The 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. Potential buyers/developers should also consult with the city of Desert Hot Springs to see whether the city will apply the benefits of its Spa Revitalization Program to new construction. The Spa Revitalization Program allows operational spa properties that undergo renovations to apply to have 100% of the net increase in monthly transient occupancy tax waived for up to two years.

  • Property Details
      • View:Mountains, Panoramic
      • Acres:20
      • Property type:Purchase
      • Sewer information:Unknown
      • Utility source:Well
      • Subdivision:Not Applicable-1
      • County:Riverside
      • Original List Price:$2, 950, 000
      • MLS #:219117841DA
      • Cost:2950000
      • Property subtype:Land
      • MLS #:219117841DA

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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