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    OFF-MARKET
    Land

    5 Acres Tbd Savoya Rd, Ramah, NM 87020

    5.24 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.24-acre property in Ramah, New Mexico, presents a remarkable opportunity. Situated in the picturesque Ramah Valley, approximately one mile north of Route 53, this elevated parcel offers breathtaking panoramic views of the valley, Ramah Lake, and the surrounding landscape. The land is primarily wooded with cedar and pine trees, providing a tranquil setting and habitat for diverse wildlife, including deer, elk, and occasional mountain lions. Nearby, electric power is available, and a shared well (2 gallons per minute) with a water tank system serves the area. Access is provided via a road from the highway to the property's southern boundary. A partially installed 4-wire fence enhances privacy. Please note that the property is subject to various easements, covenants, and restrictions detailed in McKinley County records, including water rights under the Zuni River Basin Adjudication. Soil conditions vary, necessitating a thorough evaluation for any construction plans due to expansive clay in some areas. All appurtenant water rights are included, subject to adjudication and limitations as per legal documentation. Seller financing is available with a substantial down payment. This is an ideal location for those seeking a peaceful retreat or a unique building site in a stunning natural environment.

    Property profile
    Verified
    Property type Land
    Lot 5.24 ac (228,254 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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