665 NM-518
Set along the scenic corridor of Highway 518 in the village of Cleveland, New Mexico, this unique property presents a great opportunity to acquire approximately two acres of land with valuable water rights and excellent highway frontage. Offering a blend of open space, adaptability, and rural charm, the property is ideal for buyers seeking flexibility rather than a fully built-out - whether for residential living, business or creative pursuits, workspace needs, or a mixed-use vision.
Location, Location, Location
The property’s location alone sets it apart. Highway 518 runs through the heart of the Mora Valley. This parcel’s location along that corridor provides convenient access while enjoying the peaceful atmosphere Cleveland is known for, surrounded by scenic mountain views, expansive skies, and the unmistakable enchantment of northern New Mexico. The frontage offers visibility...
The property’s location alone sets it apart. Highway 518 runs through the heart of the Mora Valley. This parcel’s location along that corridor provides convenient access while enjoying the peaceful atmosphere Cleveland is known for, surrounded by scenic mountain views, expansive skies, and the unmistakable enchantment of northern New Mexico. The frontage offers visibility and accessibility, making this an appealing option for those who value marketabilitywhether for personal use, small-scale enterprise, or a live/work arrangement.
The surrounding area reflects a slower pace of life, rich cultural heritage, and close proximity to outdoor recreation, including hiking, fishing, and scenic drives through the very heart of the Sangre de Cristos. The Mora Valley is a mountain valley that is a hub for recreational and rich cultural destinations across northern New Mexico. World-class skiing is within easy reach, with Angel Fire and Sipapu Ski & Summer Resorts just about 30 minutes away. Taos Ski Valley awaits approximately 1 hour to the west, providing options for both family-friendly slopes and advanced alpine terrain. Anglers will appreciate the area’s proximity to premier fishing waters, including the Mora River, Coyote Creek, and Morphy Lake, all within a short drive. Hiking and horseback riding opportunities abound as the area offers trailheads into the Pecos Wilderness area providing escape and solitude for adventure enthusiasts. Mora is also well positioned for exploring northern New Mexico’s historic and cultural destinations, with the vibrant arts community of Taos located about 60 minutes away and the historic town of Las Vegas, NMknown for its preserved architecture, museums, and railroad historyjust 45 minutes to the south.
Property structures allow for flexible design
The property includes the original structure, which features a large open interior that immediately invites creativity and customization. The expansive open space provides a flexible foundation that can be shaped to suit a wide range of uses. Whether envisioned as a residence with an open-concept living area, a studio or gallery space, a workshop, or a hybrid environment that blends living and working, the layout allows buyers to define the space according to their own needs and priorities. Openness encourages adaptable floor planning, and the freedom to design without the constraints of compartmentalized rooms.
An attached secondary section expands the usable footprint of the property. This additional interior area was once used to serve the surrounding community as an eatery and more recently as a residence but could just as easily be suited for storage, workshop use, or future improvement, depending on the buyer’s goals. Whether used as-is for equipment storage, hobby space, or utility functions, or reimagined as part of a larger renovation or build-out, this section offers valuable square footage and flexibility. For those seeking a property that can evolve over time, this added space represents potential.
Water rights increase land usability
The approximately two-acre parcel provides ample room for outdoor living, expansion, or land-based projects. The land itself offers opportunities for gardening, small-scale agriculture, or simply enjoying open space and privacy. The inclusion of water rights with a local Acequia Association significantly enhances the property’s long-term value and usability, particularly for buyers interested in land stewardship, irrigation, or sustainable living. In a region where water is a prized asset, this feature adds both practical and strategic appeal.
Great property potential
The property is being offered as-is, making it especially attractive to buyers who value opportunity, customization, and potential over turnkey finishes. Rather than paying for someone else’s vision, this offering allows new owners to invest in land, location, and adaptabilitycreating a space that aligns with their own plans and lifestyle. This is an ideal fit for individuals or investors who understand the value of flexibility and are comfortable shaping a property to meet their needs over time.
The setting in Cleveland, NM offers a unique balance of rural tranquility and regional connectivity. The area is known for its quiet atmosphere, open landscapes, and sense of community, while still providing reasonable access to nearby towns and services. Whether used as a full-time residence, weekend retreat, creative base, or workspace, the property’s location supports a variety of lifestyles and uses.
Powerful combination in one property
From an investment perspective, the combination of highway frontage, land acreage, water rights, and adaptable structures creates a compelling package. Buyers with vision will appreciate the potential for improvement, repurposing, or expansion, subject to verification and any applicable regulations. The property’s layout and features lend themselves to a wide range of possibilities, making it suitable for those seeking a flexible asset in a desirable northern New Mexico setting.
In a market where truly flexible properties with land and water rights are increasingly hard to find, this Cleveland offering stands out as a chance to secure space, location, and potential. Whether your vision includes residential living, creative endeavors, workspace functionality, or a thoughtful blend of multiple uses, this property provides the foundation to make it your own. With its open interior, additional attached space, generous acreage, and valuable water rights, it invites buyers to imagine what’s possibleand to create something uniquely their own in the heart of northern New Mexico.
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Research Parcel InformationFrom Mora, NM travel west on New Mexico Highway 518 for approximately 1.7 miles. Destination will be on your left (south side of the road).