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    406 Mesa Grande Rd Elephant Butte, NM 87935

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 406 Mesa Grande Rd

    Property type
    Land

    Description

    This exceptional 18,730.8 square foot lot in Elephant Butte, New Mexico, presents a unique opportunity to build your dream home within a prestigious golf course community. Located at 406 Mesa Grande Road, 87935, this Sierra County property offers unparalleled access to outdoor recreation, including proximity to Elephant Butte Lake (a short 5-minute drive). Enjoy world-class hunting, fishing, hiking, and boating opportunities, all within a stunning Southern New Mexico setting known for its breathtaking year-round weather. The lot is fully prepared for new construction, with options for expertly crafted floor plans and customization to create your perfect home. Construction timelines are estimated at under 7 months, offering a streamlined building process. This is an ideal location for those seeking a luxurious lifestyle with exceptional amenities and promising future developments within a vibrant community. The asking price for this remarkable homesite is $94,000. Don't miss this chance to own a piece of paradise in Elephant Butte.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elephant Butte
    County
    Sierra
    State
    New Mexico
    Longitude
    -107.223
    Latitude
    33.1727

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    406 Mesa Grande Rd
    Elephant Butte, NM 87935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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