631 Mustang P Pl, Elephant Butte, NM 87935
This exceptional 1.92-acre lot presents a unique opportunity to build your dream home in the desirable Lakeshore Highlands community. Located at Lot 631 Mustang P Place, Elephant Butte, NM 87935, this property offers breathtaking views and convenient access to the renowned Elephant Butte Lake. The expansive lot provides ample space for a custom home and landscaping, allowing for complete personalization and privacy. Situated in Sierra County, New Mexico, this land boasts a prime location just minutes away from the lake, providing easy access to boating, fishing, swimming, and all the recreational activities Elephant Butte Lake has to offer. The asking price for this remarkable property is $18,000. With its ideal location, generous size, and stunning natural surroundings, this lot is perfect for those seeking a tranquil escape or a year-round residence. Don't miss this chance to own a piece of paradise in the heart of Elephant Butte. The property's coordinates are 33.2598645 latitude and -107.1992656 longitude. This is a remarkable opportunity to acquire a substantial piece of land in a highly sought-after location. Act quickly, as properties like this are rarely available.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.