PRICE REDUCED FROM $4.195M to $2.995M! (& EVEN LOWER PRICE AVAILABLE FOR QUICK CLOSE!). 'DESERT VIEW/MOUNTAIN VIEW 20-ACRE HOT WATER RESORT LAND FOR PRIME 4/5 STAR-HOSPITALITY, WELLNESS RESORT, OR SHORT-TERM/VACATION RENTAL DEVELOPMENT'. This irreplaceable property is 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 rare hot water well (194 degree water – possibly the hottest in town). 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. Potential City Tax Incentives* (Buyer Verify). 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 rare 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.* (Contact Agent for Details).