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    000 Mustang Rd Elephant Butte, NM 87935

    For Sale
    $58,000

    Unimproved Land - Elephant Butte, NM

    Type:Unimproved Land
    Lot size:
    5.66 Acres
    Days on Market:
    256
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 000 Mustang Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    3019069353395
    Lot size
    5.66 Acres

    Building Details

    Architectural style
    Other

    Homesteaders Realty (575) 740-0003 [email protected]

    Listing agent Rachel Woodard (575) 744-5283

    Listing date Mar 25, 2025

    MLS# 20245488 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Elephant Butte Lake

    This is 5.66 acres of unimproved land located in Lakeshore Highlands, just minutes from Elephant Butte Lake in Elephant Butte, New Mexico. The property offers views of the lake and surrounding mountains. It is located in Sierra County, with a postal code of 87935.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Elephant Butte
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.203894976
    Latitude
    33.263547584

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    FAQs

    What type of property is this?
    Land - 5.66 acres of unimproved land with lake and mountain views.
    Where is this land located?
    The property is located at 000 Mustang Rd Elephant Butte, NM.
    What is the asking price?
    The asking price for this property is $58,000.
    What are key features of this property?
    This property features: - 5.66 acres of land; - Minutes from Elephant Butte Lake; - Beautiful lake views
    (575) 744-5283
    Request Owner's contact information
    000 Mustang Rd Elephant Butte, NM 87935
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    Elephant Butte, NM 87935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    000 Mustang Rd Elephant Butte, NM 87935
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