Located in the lower Rio Grande Valley of south central New Mexico, Elephant Butte Lake State Park is the largest and most popular state park in New Mexico. Commonly referred to as "The Butte," the lake plays host to exciting activities all year round. On a warm summer weekend, lake-goers come from all over for swimming, sailing, fishing, tubing, water-skiing and, of course, soaking up the sun while relaxing on the sandy beaches. Additionally, the town doesnt only thrive in the summer months. Thanks to the mild climate, and enhanced by special seasonal events, activities continue on into the fall, winter and spring, making this a vibrant spot for locals and tourists alike.
This half acre lot, situated just two miles from the Lake in the charming community of Elephant Butte, is perfect for anyone looking to take advantage of all this area has to offer. Whether youre looking for a property on which to build a seasonal vacation home, a relaxing small town in which to retire or are simply searching for an ideal spot to build your next lucrative AirBnB venture, this property has it all.
Property Specific Notes:
This half acre lot is located along Superior Drive. It has paved road access, power at the lot line, and sits in an area where all nearby homes are connected to city utilities. Additionally, it is located less than two miles from Elephant Butte Lake and State Park, the largest body of water in New Mexico. Living this close, youll be able to enjoy leisurely strolls to the marina, or a relaxing bike ride.
This property is located in the Lake Shore Estates 2nd Filing Subdivision, an area with covenants & restrictions (CCRs) meant to preserve the quality of the neighborhood. The CCRs governing this area favor single family homes, though also allow mobile homes with permanent foundations. Additionally, up to two boats ("one pleasure boat and one fishing boat") are allowed to be stored on the property. RVs may be parked in the driveway of a home but camping and/or living out of your RV is forbidden.
While there are plenty of stores nearby for groceries and supplies, Elephant Butte is a very small lake side community. Fortunately, Truth or Consequences is only a five mile drive south along the 181. There youll be able to find plenty of additional resources including a Super Wal-Mart, numerous fast food restaurants, schools, churches and medical facilities.
Living here will put you within close proximity to not one, but two great golf courses in the Turtleback Mountain Resort & Golf Course and the Sierra Rio Golf Course.
There are plenty of great outdoor activities to enjoy here besides those offered at the nearby lake. You can explore the Black Range Mountains or go hiking along the trails of the Turtleback Mountain; enjoy the camping and boating at Caballo Lake State Park or spend an afternoon at Spaceport America, learning about space travel and experiencing life as an astronaut.
Priced at $10,000 this is the cheapest half acre lot currently available in Sierra County. Additionally, this lot is priced well below all like type properties within Elephant Butte, a region where real estate tends to be more expensive than the rest of the county due to its proximity to the lake.
We are currently selling three lots in this subdivision, all of which are adjacent to one another. The other two lots, both roughly a half acre each, Reference Numbers SRNM-1232A & SRNM-1232B, are located along Rio Grande Circle and Superior Drive to the west and north of this property and may provide an excellent opportunity to build on one of the larger home sites in the area. Anyone looking to purchase all three will be afforded a discounted price of $25,000.
This property was closed on an its title insured through Ekmar Abstract & Title Company.
We are offering two payment options to our Buyers:
CASH OPTION: This is a one time payment of $10,000 for which we will be seeking an upfront Non-Refundable Earnest Money Deposit of $500.00. After we have your Deposit we will contact you about how to proceed with finalizing the purchase, whether it be by credit card, wire transfer or title & escrow. If you elect to close through escrow, buyer will be responsible for all closing costs. To learn more about how the buying process works or to review one of our standard Sale/Purchase Agreements, please visit our How Buying Works page.
FINANCING OPTION: If youd prefer to pay off the property more gradually, were asking for a minimum $5,000 Deposit and Monthly Installments of $250.00 for 30 Months.
Lot Size: 0.5 Acre
Legal Description: LAKESHORE EST 2ND FILING, BLOCK 10, LOT 32