5 Acres Tbd Savoya Rd, Ramah, NM 87020
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.
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.