406 Mesa Grande Rd, Elephant Butte, NM 87935
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.
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
Physical attributes from public recordsZoning & alternative use
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.