Castle Hot Springs Resort Is Being Auctioned

February 11, 2014

(Photo courtesy of CBRE)
Castle Hot Springs resort is being auctioned off by the end of the month.

A piece of Arizona history is being auctioned off. The Castle Hot Springs resort will be sold at the end of the month. Tours for interested buyers begin this week.

The online auction for Castle Hot Springs resort is Feb. 27, and if you are able to put up the $50,000 deposit to register for the bidding you can schedule an on-site visit. The real estate company CBRE has scheduled the first tour of the 210-acre property on Wednesday.

Castle Hot Springs is 55 miles northwest of Phoenix. It opened in 1896 and has been a destination for high-profile families like the Roosevelts and Wrigleys. Douglas Johnson is with CBRE.

"Whoever buys this property, if they buy it as a resort will be able to capitalize on that history and really be able to bring this back," said Johnson.

The resort includes a 118 degree hot spring, 100-year-old palm trees and a nearly 5,000 square foot administrative building. The bidding starts at $500,000.