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    629 Mustang Pl Elephant Butte, NM 87935

    • Land
    • 2.06 lot acres
    For Sale
    View listing
    $18,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 629 Mustang Pl

    Lot size
    2.06 lot acres
    Property type
    Land

    Description

    This exceptional 2.06-acre lot presents a unique opportunity to build your dream home in the desirable Lakeshore Highlands community. Located at Lot 629 Mustang Place, Elephant Butte, NM 87935, this property offers breathtaking views and convenient access to the renowned Elephant Butte Lake. The expansive lot provides ample space for a custom home and landscaping, allowing for complete personalization and privacy. Situated just minutes from the lake, residents can enjoy a variety of recreational activities, including boating, fishing, and swimming. The property's location in Sierra County, New Mexico, offers a tranquil setting while remaining close to local amenities and services. The asking price for this remarkable land parcel is $18,000. This represents an excellent investment opportunity for those seeking a peaceful lakeside retreat or a prime location to construct a stunning new residence. Don't miss the chance to own this piece of New Mexico paradise. The coordinates for the property are 33.2598645 latitude and -107.1992656 longitude. This is a truly exceptional opportunity to acquire a substantial lot in a highly sought-after location.

    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
    -107.199
    Latitude
    33.2599

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    629 Mustang Pl
    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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