620 Greer Ln, Truth or Consequences, NM 87935
This exceptional 3.37-acre lot, located at Lot 620 Greer Lane in Elephant Butte, New Mexico, presents a unique opportunity for building a dream home. Situated in the desirable Lakeshore Highlands, this property offers convenient access to the stunning Elephant Butte Lake, just minutes away. The lot itself encompasses 3.37 acres, providing ample space for a spacious residence and landscaping. The address is officially listed as Lot 620 Greer Lane, Elephant Butte, NM 87935, within Sierra County. The property's geographic coordinates are 33.2652347 latitude and -107.2014635 longitude. While the marketing materials mention a 2.11-acre lot, the official records indicate a total size of 3.37 acres. This discrepancy should be independently verified. The asking price for this remarkable property is $18,000. This represents an excellent investment opportunity in a sought-after location, offering the potential for significant appreciation. Don't miss this chance to own a piece of New Mexico paradise. Serious inquiries only.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.