5.03-acre vacant land parcel located within the Village of Angel Fire in Colfax County, NM, offered at $120,000. Zoned R-4 Single Family with equestrian allowance, this property provides flexibility for residential development while allowing horses and related uses. The parcel is not located within Angel Fire Resort boundaries and does not require resort membership. No HOA. Positioned on a gravel-access road with electric nearby, this flat lot offers multiple potential building sites and unobstructed 360-degree mountain views, including Wheeler Peak. The topography supports a variety of build options for a custom mountain home, cabin, or long-term investment hold. With five acres inside village limits, this tract provides space, accessibility, and zoning flexibility rarely available at this price point. Conveniently located near Angel Fire Airport and Moreno Valley High School, the property offers proximity to essential services while maintaining open space and panoramic views. The setting supports equestrian use and rural-style living within village jurisdiction. Utilities would require installation of a private well, septic system, and propane service. Electric is available nearby; buyer to confirm cost and availability of connections. The current R-4 zoning designation supports single-family residential use with equestrian rights. Buyers are advised to verify all intended uses directly with the Village of Angel Fire. Zoning modifications may be possible through the village application and approval process, subject to local regulations and requirements. This 5-acre Angel Fire land parcel combines village access, mountain views, equestrian zoning, and development flexibility without HOA or resort membership obligations. Ideal for buyers seeking buildable land in Angel Fire, NM with Wheeler Peak views, proximity to the airport, and space for horses. All measurements, utilities availability, development feasibility, and permitted uses to be independently verified by buyer through due diligence.