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    OFF-MARKET
    Land

    406 Mesa Grande Rd, Elephant Butte, NM 87935

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
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    Property type Land
    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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    Permitted uses
    Allowed · conditional · prohibited
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