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12921 Tamar Drive

Desert Hot Springs, CA 92240
  • $5,450,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 219120939
UPDATED: 34 min ago
$5,450,000
  • 21
    BEDS
  • N/A
    ACRES
  • 21
    BATHS
  • 0
    1/2 BATHS
  • 11,257
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!

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©2025 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or KW Coachella Valley. Based on information from the California Desert Association of Realtors as of 2025-01-17T21:35:40.54. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.kwcoachellavalley.com/homes/158525512
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12921 Tamar Drive Desert Hot Springs, CA 92240

  • Price: $5,450,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 34 min ago
  • MLS #: 219120939
21
Beds
21
Baths
0
½ Baths
N/A
Acres
11,257
SQFT
$484
$/SQFT
1960
Built
Neighborhood:
Not Applicable
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
Amazing down-to-the-studs renovated Hospitality investment opportunity; Introducing The Onsen Hotel, the highest-rated and best-reviewed hotel in beautiful Desert Hot Springs California! This #1 ranked hotel on Trip Advisor is adult-only and pet-friendly with several other unique amenities including Mineral Water spa packages, deluxe breakfast, and a bevy of room & bed options to choose from. The Hotel, Spa space, pool, and 21 current rooms have been fully renovated and finished with unique luxury finishes sure to please every discerning guest, and the next owner has the option to alter the offering and create 2 additional rooms for increased Revenue and NOI. The purchase also comes with the adjacent lot to be developed to spec with its own mineral water well, allowing the next owner to develop additional rooms, a separate spa facility, or anything else you can imagine. Desert Hot Springs Values continue to rise as the market is edged out of Palm Springs proper, come get your hands on this great hospitality property before its too late!
Exterior Features

Gated Community No Levels Two Parking Guest Paved Yes Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 24.00 Total Uncovered Assigned Spaces 24.00 View Yes View Type DesertValleyPoolMountain(s)

Interior Features

Cooling Type Air ConditioningCentral Air Fireplace No Flooring Other Heating Central Rooms Gym Total Fireplaces 2

Property Features

Land Type Fee Simple Listing Terms 1031 ExchangeOtherCash to New LoanCashConventional Pool Yes Pool Construction In Ground Pool Description In Ground Pool Location Private Property Attached Detached No Sale Type Standard Security Safety Other Senior Community No Sewer InConnected and Paid Spa Hot Tub Yes Spa Hot Tub Construction In Ground Spa Hot Tub Description Private Tax Mello Roos No

Listing information © 2025 California Desert Association of Realtors.
Listing provided courtesy of Adam Gilbert of The Firm Brokerage: (760) 408-8874.
©2025 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or KW Coachella Valley. Based on information from the California Desert Association of Realtors as of 2025-01-17T21:35:40.54. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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Palm Desert CA, 92211