Subdivision Fullerton Rdg Sandia Park, NM 87047
This exceptional 4,356,000 square foot property in the Fullerton Ridge Subdivision of Sandia Park, New Mexico, presents a unique development opportunity. The land comprises twenty platted lots, each offering stunning mountain views and varying in size from two to nine acres. The subdivision boasts a desirable blend of wooded areas, meadows, and privacy, creating an idyllic setting. Conveniently located just 25 minutes from Albuquerque and 40 minutes from Santa Fe, this location offers easy access to urban amenities while maintaining a tranquil, rural atmosphere. Nearby recreational opportunities include golfing and skiing. Utilities are available at the subdivision line, including electricity and phone service. Restrictive covenants are in place to maintain the property's aesthetic appeal and value, including a minimum home size of 2,000 square feet. Modular homes are permitted on permanent foundations, and temporary RV living is allowed during construction. Gated access ensures security and privacy. Lots 1-5 are available for individual purchase, with Lots 1-3 priced at $38,000 each and Lots 4-5 priced at $28,000 each. This is an ideal investment for developers seeking to capitalize on the high demand for land in this sought-after area of New Mexico. The property borders National Forest.
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
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No recorded transactions found for this property.
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