204 Cimarron, Truth or Consequences, NM 87935
This exceptional 1.075-acre lot presents a unique opportunity for building your dream home or recreational retreat in the desirable Elephant Butte, New Mexico area. Located at 204 Cimarron, this property boasts stunning views of the surrounding mountains and offers a glimpse of Elephant Butte Lake itself. The convenient location provides easy access to the lake's recreational amenities, while still maintaining a sense of peaceful seclusion. The spacious lot provides ample room for a custom home, a workshop, or other outbuildings, allowing for the creation of a personalized oasis. Situated in Sierra County, the property's address is 204 Cimarron, Elephant Butte, NM 87935, with GPS coordinates of 33.2361597 latitude and -107.2311774 longitude. The asking price for this remarkable piece of land is $47,900, making it an attractive investment for those seeking a tranquil setting with development potential. The property is a short drive from the lake, offering the best of both worlds: serene country living with convenient access to water recreation. This is a rare opportunity to acquire a buildable lot in a highly sought-after location. Don't miss out on the chance to own this beautiful piece of New Mexico.
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
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