148 Champagne Hl Rd Truth or Consequences, NM 87901
This exceptional 11.52-acre property in Truth or Consequences, New Mexico, presents a unique opportunity to build your dream home in a serene and picturesque setting. Located at 148 Champagne Hills Road, this land comprises three adjacent lots, offering ample space for a custom residence and potential for future development. The area boasts stunning views, with picture-perfect sunrises and sunsets over New Mexico's largest lake. The property is subject to covenants and restrictions ensuring the construction of site-built homes only, maintaining the neighborhood's aesthetic appeal. Infrastructure is already in place, including underground electricity and a well-sharing agreement among neighbors, simplifying the building process. Road maintenance is handled collectively by the property owners, ensuring a well-maintained paved road access. This tranquil community offers a welcome escape from city life, while still providing convenient access to Spaceport America, various recreational activities, abundant wildlife, and the area's renowned natural hot springs. The asking price for this remarkable property is $69,900, making it an attractive investment for those seeking a peaceful and idyllic lifestyle in beautiful Sierra County, New Mexico, zip code 87901. The property's coordinates are 33.1535997 latitude and -107.156832 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.