2 Acres Tbd Savoya Rd, Ramah, NM 87020
This exceptional 2.1-acre property in Ramah, New Mexico, presents a remarkable opportunity for those seeking a tranquil escape in the heart of nature. Located approximately one mile north of Route 53, beyond the end of Savoya Drive, this elevated parcel offers breathtaking panoramic views of the Ramah Valley, Ramah Lake, and the expansive New Mexico sky. The land is primarily wooded, featuring cedar and pine trees, and provides habitat for a variety of wildlife, including deer, elk, and occasional mountain lions. Utilities are readily available, with existing electric power and a well capable of producing 2 gallons per minute, supplemented by a water tank system. Access is provided via a road from the highway to the property's southern boundary, which is partially fenced with a 4-wire fence. While offering significant potential for residential development, prospective buyers should be aware that the property is subject to various easements, covenants, and restrictions detailed in McKinley County records. Water rights are appurtenant to the property, subject to adjudication under the Zuni River Basin Adjudication. Soil conditions vary, requiring a thorough evaluation for any construction planning due to the presence of expansive clay in certain areas. This unique property combines natural beauty with essential utilities and legal considerations, making it an attractive investment opportunity. Seller financing may be available with a substantial down payment.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.