Property summary
This exceptional 32.53-acre property in Lea County, New Mexico, presents a rare opportunity for those seeking land with established water rights. Located near Lovington, NM, on TBD E Dakota Road (zip code 88260), this vacant land offers a tranquil setting near an orchard, ideal for a new home construction project. The property's significant feature is the inclusion of water rights, a highly desirable asset in this region. The land is classified as a farm and ranch, providing versatility for various uses. The location offers a peaceful atmosphere while remaining conveniently situated near the city of Lovington. With its ample acreage and the crucial water rights, this property is a compelling investment for those seeking a rural lifestyle or a development opportunity. The coordinates are 32.995696 latitude and -103.2914205 longitude. The asking price for this unique property is $325,300. Don't miss this chance to own a piece of New Mexico's countryside with the added benefit of secured water resources. Serious inquiries only.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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