19,474

New Mexico, NM Homes for Sale

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  • /30

    $150,000

    • Land
    • 2.5 Acres
    • $60,000 per Acre

    5895 Pharaohs Trail, Farmington, NM 87401

    ''Pharaoh's Throne'' Quite possibly the finest building site in San Juan County, this 2.5-acre gated hillside property offers unmatched privacy, serenity, and views. Perched high above the valley on a level building site with a new driveway, the lot showcases sweeping 270 vistas of the La Plata Mountains, Lukachukai Mountains, Chokecherry Canyon, Barker Dome, and beyond. Utilities are available,

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    Allen Elmore

    eXp Realty, LLC

    (505) 502-5564

    5895 Pharaohs Trail, Farmington, NM 87401
  • /24

    $365,000

    • 2 Beds
    • 1 Bath
    • 1,739 Sq Ft

    1 Lemuria N, Tres Piedras, NM 87577

    Experience a rare opportunity to own a one-of-a-kind Earthship residence, masterfully designed by world-renowned architect Mike Reynolds, the visionary behind this globally recognized style of sustainable architecture. Nestled within the exclusive Greater World Subdivision—protected by covenants ensuring the integrity of its unique community—this home represents the pinnacle of off-grid living

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    Alexander Schoenfeld

    EXP REALTY, LLC

    (855) 526-9155

    1 Lemuria N, Tres Piedras, NM 87577
  • /4

    $32,000

    • Land
    • 0.27 Acre
    • $118,519 per Acre

    Lot 34 Chiracahua Ln, Ruidoso, NM 88345

    Looking to Build! Check out this wonderful lot located on a quiet street centrally located in Ruidoso. This lot is located up on a hill away from all of the previously flooded drainages and river. It is also located within the Village of Ruidoso city limits, so most utilities are available. Septic may be required, but buyer to verify with the city. Drive by and walk this fantastic lot. For more

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    Shane Zimmerman

    Fathom Realty NM

    (575) 659-2599

    Lot 34 Chiracahua Ln, Ruidoso, NM 88345
  • /36

    $389,990

    • 3 Beds
    • 2.5 Baths
    • 1,651 Sq Ft

    6829 Cleary Loop NE, Rio Rancho, NM 87144

    Versatile Opportunity! Built in 2022, this 1,651 sq ft home offers 3 bedrooms and 2.5 baths with stylish finishes throughout. The kitchen is equipped with stainless appliances, granite counters, and maple cabinets, while tile flooring runs through the main areas with carpet in bedrooms. A 12' sliding glass door opens to a covered patio, perfect for indoor-outdoor living. The oversized two-car

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    Brian Earnest

    Realty One of New Mexico

    (505) 560-8976

    6829 Cleary Loop NE, Rio Rancho, NM 87144
  • /4

    $32,000

    • Land
    • 0.25 Acre
    • $128,000 per Acre

    Lot 33 Chiracahua Ln, Ruidoso, NM 88345

    Looking to Build! Check out this wonderful lot located on a quiet street centrally located in Ruidoso. This lot is located up on a hill away from all of the previously flooded drainages and river. It is also located within the Village of Ruidoso city limits, so most utilities are available. Septic may be required, but buyer to verify with the city. Drive by and walk this fantastic lot. For more

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    Shane Zimmerman

    Fathom Realty NM

    (575) 517-4231

    Lot 33 Chiracahua Ln, Ruidoso, NM 88345
  • /17

    $35,000

    • Land
    • 14.43 Acres
    • $2,426 per Acre

    78 Sawtooth Dr, Pie Town, NM 87827

    Enjoy rural living in scenic Western New Mexico west of the Sawtooth Mountains and just north of Pie Town. Close to US 60 which takes you to Socorro NM or Springerville AZ.

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    Paul Stout

    Big Mesa Realty

    (575) 600-5893

    78 Sawtooth Dr, Pie Town, NM 87827
  • /5

    $490,000

    • 4 Beds
    • 2.5 Baths
    • 2,145 Sq Ft

    3673 Starling Ln, Las Cruces, NM 88012

    Imagine waking up in your brand-new 2,145 sq. ft. home in Metro Verde Arcadia Phase 3. With 4 bedrooms, 2.5 bathrooms, and a throughtful open layout, every detail is designed for comfort and style. Tile floors flow through the kitchen, dining, living, and bathrooms, while cozy carpet adds warmth to the bedrooms. The kitchen and bathrooms feature quartz counter-tops, bringing a sleek, modern

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    Karen Altamirano

    BHGRE Steinborn & Associates

    (575) 900-2839

    3673 Starling Ln, Las Cruces, NM 88012
  • /37

    $799,000

    • 2 Beds
    • 2.5 Baths
    • 3,600 Sq Ft

    1496 A New Mexico 522, San Cristobal, NM 87564

    Incredible One-of-a-Kind Residence on the San Cristobal Hillside ~ Let me introduce you to this private and perfectly situated property on 3.5 plus acres overlooking the lush San Cristobal Valley. This meticulously overbuilt, contemporary Southwestern style home offers a truly unparalleled living experience, surrounded by tranquil ponds and a picturesque canyon. The property is a haven for

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    Ryan Trujillo

    Berkshire Hathaway HomeServices Taos Real Estate

    (855) 914-7620

    1496 A New Mexico 522, San Cristobal, NM 87564
  • /76

    $632,000

    • 4 Beds
    • 3 Baths
    • 3,564 Sq Ft

    305 A&B Camino Del Sol, Espanola, NM 87532

    Located in Espanola, off of Riverside Drive, is a moderate sized Spanish style, adobe compound. There is a main home with oak flooring in the common areas, as well as, Saltillo tile. The bancos located throughout the house, provides that old fashioned, traditional sitting space that one could easily soften up, utilizing cushions and throw pillows. The Mexican tiled bathrooms add to the

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    Emery Maez

    The Maez Group

    (505) 391-5769

    305 A&B Camino Del Sol, Espanola, NM 87532
  • /79

    $599,999

    • Land
    • 19.09 Acres
    • $31,430 per Acre

    3624 12th St, Melrose, NM 88124

    Spacious 5 bedroom Country Estate on nearly 20 acres with a Barn and Pond. Discover the prefect balance of privacy, functionality, and rural charm with this property equipped for both comfort and utility with two wells (one solar, one electric), dual AC/furnace combo units, a propane tank, and numerous upgrades including new carpet and vinly flooring (2024) and a roof replacement in 2012. Bring

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    Cassandra Morrison

    Real Broker LLC

    (575) 530-5341

    3624 12th St, Melrose, NM 88124
  • /31

    $459,990

    • 3 Beds
    • 3 Baths

    6704 Zachary Rd NE, Rio Rancho, NM 87144

    Investor's Opportunity! Contemporary 1,918 sq ft home built in 2023 featuring 3 bedrooms and 2.5 baths. Highlights include a modern kitchen with stainless appliances, granite counters, and maple cabinets, plus 10' ceilings and tile flooring with carpet in bedrooms only. Enjoy outdoor living on the covered patio with a 9' sliding glass panel door and take in the views from this desirable lot near

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    Brian Earnest

    Realty One of New Mexico

    (505) 295-0662

    6704 Zachary Rd NE, Rio Rancho, NM 87144
  • /33

    $295,000

    • 3 Beds
    • 2 Baths
    • 953 Sq Ft

    13 Colorado Rd, Tres Piedras, NM 87577

    The Perfect Home in the Taos High Desert ~ Set on over two high desert acres with absolutely stunning views of the Sangre de Cristo Mountains, you will discover this fully renovated home ready for you to begin your next adventure. Inside and out, almost every single detail of the home has been thoughtfully upgraded to create a comfortable and inspiring living space. Step inside the beautifully

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    Ryan Trujillo

    Berkshire Hathaway HomeServices Taos Real Estate

    (855) 533-3493

    13 Colorado Rd, Tres Piedras, NM 87577
  • /64

    $359,000

    • 4 Beds
    • 2 Baths
    • 2,621 Sq Ft

    3532 Brynhurst Ct, Clovis, NM 88101

    Wow this home is amazing. Has an auto workshop 20x30 with 14' walls and another garage in the back that is for an automobile storage or just an extra garage. The home is beautifully remodeled with tile flooring, granite counter tops throughout. Jet tub in the hall bath. Large area with storage by the laundry room. Formal dining room. Master suite with an additional sitting room or workout room

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    Coletta Ray

    Pioneer Realty

    (575) 500-3496

    3532 Brynhurst Ct, Clovis, NM 88101
  • /18

    $75,000

    • Land
    • 0.37 Acre
    • $202,703 per Acre

    6505 Sand Ave, Farmington, NM 87402

    Discover the exclusive charm of La Bella Vita Estates, where luxury living meets bespoke home design. This gated community is not just a place to live; it's a lifestyle, complete with protective covenants to ensure your peace of mind. Enjoy the convenience of shopping just 5 minutes away. With the Country Club nearby, indulge in leisure and recreation, all while being treated to breathtaking

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    Amanda Banks

    S.J. Gabaldon Constr. & Realty

    (505) 576-7046

    6505 Sand Ave, Farmington, NM 87402
  • /9

    $32,500

    • Land
    • 0.5 Acre
    • $65,000 per Acre

    5130 Heller Ct NE, Rio Rancho, NM 87144

    Epic custom home lot! This extra wide (105') lot is ready for your dream home! Side views of the mountains. This lot is listed at a great price and is ready to build! Gas and electric underground. Act now! Buyer to verify cost and location of all utilities prior to closing.

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    Michael Schlichte

    Absolute Real Estate

    (505) 591-4960

    5130 Heller Ct NE, Rio Rancho, NM 87144
  • /11

    $425,000

    • Land
    • 21.26 Acres
    • $19,991 per Acre

    45 The Cliffs View, Glorieta, NM 87535

    The Cliffs at Crystal Mesa is a gated community, a stunning sanctuary in the historic Pecos Valley with access to the Santa Fe National Forest. This well-thought-out development is located on over 400 acres with homesites ranging from 5-50 acres, offering residents a retreat environment for their home and lifestyle. The existing infrastructure provides shared wells, underground electric and

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    Kendra Henington

    Berkshire Hathaway HomeService

    (505) 578-2985

    45 The Cliffs View, Glorieta, NM 87535
  • /62

    $220,000

    • 4 Beds
    • 2.5 Baths
    • 1,950 Sq Ft

    205 N Barton Ave, Grady, NM 88120

    Beautiful Home on 2 Acres in the Heart of Grady. Welcome to your dream property! Nestled on a spacious 2-acre lot with lush, well-maintained grass, this beautiful home offers both comfort and convenience just three blocks from Grady School and all the town’s amenities. This 4-bedroom, 2.5-bath home features a large, open living area with room for a formal dining space, plus a cozy kitchen nook

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    Coletta Ray

    Pioneer Realty

    (575) 251-3496

    205 N Barton Ave, Grady, NM 88120
  • /18

    $69,790

    • Land
    • 10.92 Acres
    • $6,391 per Acre

    TBD Buffalo Trail, Abiquiu, NM 87510

    This property is well suited for your horses—just add the corral! Two adjacent lots total 10.92 acres, only 20 minutes from Abiquiú Lake. One lot offers cleared, mostly flat ground ready for construction. The second lot, directly across the road, has a gentle slope that dips into Arroyo del Perro, which crosses the property. A natural tree line follows the arroyo, creating a sheltered corridor

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    Walking Rain Group of CBMP

    Coldwell Banker Mountain Properties

    (505) 581-3987

    TBD Buffalo Trail, Abiquiu, NM 87510
  • /10

    $92,000

    • 2 Beds
    • 1 Bath
    • 1,072 Sq Ft

    1729 Ross St, Clovis, NM 88101

    This charming two-bedroom, one-bathroom home offers 1,072 square feet of thoughtfully designed living space. Featuring a spacious living room, the home also includes central air conditioning for year-round comfort. Outdoors, enjoy not one but two covered patios accented by decorative concrete sidewalks, ideal for relaxing or hosting. The generously sized lot provides ample room for gardening or

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    Consuelo Mercadal

    Simplihom

    (575) 500-7729

    1729 Ross St, Clovis, NM 88101
  • /9

    $321,200

    • Land
    • 1.47 Acres
    • $218,503 per Acre

    XX Highway 550, Bloomfield, NM 87413

    **Prime Commercial Property for Sale**This exceptional commercial property features an approved Department of Transportation (DOT) deceleration lane and a dedicated turning lane, enhancing accessibility and traffic flow. With approximately 220 feet of frontage on the highly trafficked US Highway 550, this location boasts a significant daily traffic count, making it ideal for businesses seeking

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    Amanda Banks

    S.J. Gabaldon Constr. & Realty

    (505) 758-5578

    XX Highway 550, Bloomfield, NM 87413
  • /14

    $760,000

    • Land
    • 4.51 Acres
    • $168,514 per Acre

    X Highway 550, Bloomfield, NM 87413

    **Outstanding Commercial Property for Sale**This excellent commercial property offers approximately 650 feet of prime frontage along the bustling US Highway 550, ensuring high visibility and accessibility for any business. Situated in a high-traffic area, this location is perfect for attracting customers and maximizing exposure.All essential city utilities are conveniently located in the street

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    Amanda Banks

    S.J. Gabaldon Constr. & Realty

    (505) 404-6449

    X Highway 550, Bloomfield, NM 87413
  • /59

    $339,000 Open Sat 1PM - 4PM

    • 4 Beds
    • 2.5 Baths
    • 1,840 Sq Ft

    471 Chafey Dr SW, Los Lunas, NM 87031

    Stunning nearly NEW, 4-bedroom home in the heart of Los Lunas! This spacious two-story boasts modern finishes throughout. The beautiful kitchen features sleek countertops and ample storage, flowing seamlessly into the bright living and dining areas--perfect for entertaining. Upstairs, a luxurious primary suite offers a walk-in closet and private bath. The loft space is a great area for a second

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    Natalie Reyes

    Realty One of New Mexico, LLC

    (505) 578-2367

    471 Chafey Dr SW, Los Lunas, NM 87031
  • /18

    $305,000

    • 1 Bed
    • 1 Bath
    • 937 Sq Ft

    107 County Road 69, Chamisal, NM 87521

    Looking for space and fresh air? This property offers over 10 acres with stunning views and a peaceful country setting. With two separate irrigation rights, the land provides excellent opportunities for gardening, farming, or raising cattle. Restore the original family home to its timeless charm or build your dream home to take full advantage of the wide-open space. Conveniently located within an

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    LyAnn Vigil

    Keller Williams Realty

    (575) 255-6142

    107 County Road 69, Chamisal, NM 87521
  • /6

    $48,000

    • Land
    • 1.28 Acres
    • $37,500 per Acre

    LOT 8 W Piedras St, Farmington, NM 87401

    Prime 1.28-Acre Industrial Land - Excellent Westside Location in Farmington, NMUnlock the potential of this exceptional 1.28-acre industrial parcel strategically positioned on Farmington's desirable west side near Troy King Road. With utilities nearby and superb accessibility from Piedras Street, this site is ready to accommodate a variety of industrial, commercial, or mixed-use projects.Situated

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    Kristin Williams

    EXIT Realty Home & Ranch

    (505) 557-2492

    LOT 8 W Piedras St, Farmington, NM 87401
  • /6

    $64,000

    • Land
    • 1.44 Acres
    • $44,444 per Acre

    LOT 9 W Piedras St, Farmington, NM 87401

    1.44 Acres Industrial Land - Westside Farmington Build your vision on this prime 1.44-acre lot on Farmington's growing west side, just off Troy King Road. With utilities nearby and easy access from Piedras Street, this property is ideal for industrial, commercial, or mixed-use projects.Buy just this lot or expand your footprint--Lot 8 and Lot 10 are also available, giving you up to 4.16 acres to

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    Kristin Williams

    EXIT Realty Home & Ranch

    (505) 391-3124

    LOT 9 W Piedras St, Farmington, NM 87401
  • /16

    $250,000

    • Land
    • 20.1 Acres
    • $12,438 per Acre

    TBD County Rd 414, Pecos, TX 79772

    A little over 20 acres, Located just a little West of Pecos & a Half a Mile North of I-20 easy access, on Paved Road CR 414. Giant Sand Rail Loop across the road, possible access to a trans load facility. In an Area that seems to have Good Water. RV Park sits just to the SouthEast Blank Canvas for whatever you want to create.

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    Thomas Johnston

    The Real Estate Ranch LLC

    (432) 223-9945

    TBD County Rd 414, Pecos, TX 79772
  • /19

    $355,000

    • Land
    • 1 Acre
    • $355,000 per Acre

    40 Blue Sky, Corrales, NM 87048

    Build your dream home on this stunning 1-acre custom home lot in the highly sought-after village of Corrales! Nestled among mature trees, this serene property offers breathtaking views of the Sandia Mountains, providing the perfect backdrop for your future home. Enjoy the peaceful, rural charm of Corrales while being just minutes from city conveniences. With plenty of space for horses, gardens,

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    Michael Schlichte

    Absolute Real Estate

    (505) 591-6308

    40 Blue Sky, Corrales, NM 87048
  • /19

    $375,500

    • Land
    • 1.09 Acres
    • $344,495 per Acre

    60 Blue Sky, Corrales, NM 87048

    Build your dream home on this stunning 1.09-acre custom home lot in the highly sought-after village of Corrales! Nestled among mature trees, and an apple orchard, this serene property offers breathtaking views of the Sandia Mountains, providing the perfect backdrop for your future home. Enjoy the peaceful, rural charm of Corrales while being just minutes from city conveniences. With plenty of

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    Michael Schlichte

    Absolute Real Estate

    (505) 871-4099

    60 Blue Sky, Corrales, NM 87048
  • /15

    $325,500

    • Land
    • 1 Acre
    • $325,500 per Acre

    20 Blue Sky, Corrales, NM 87048

    Build your dream home on this stunning 1-acre custom home lot in the highly sought-after village of Corrales! Nestled among mature trees, this serene property offers breathtaking views of the Sandia Mountains, providing the perfect backdrop for your future home. Enjoy the peaceful, rural charm of Corrales while being just minutes from city conveniences. With plenty of space for horses, gardens,

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    Michael Schlichte

    Absolute Real Estate

    (505) 209-8777

    20 Blue Sky, Corrales, NM 87048
  • /46

    $470,000 Open Sat 12PM - 2PM

    • 3 Beds
    • 4 Baths
    • 2,759 Sq Ft

    2319 Stieglitz Ave SE, Albuquerque, NM 87106

    * Seller offering $5K Buyer credit toward Carpet allowance &/or Closing costs *Beautiful Rachel Matthew Home in Mesa del Sol! This spacious 3 BR, 3 Bath, 3 Car Garage residence also has a separate office/casita w/its own bedroom & bathroom, perfect for guests, extended family or a private workspace. Built w/quality 2x6 construction, this home offers both durability & efficiency.The primary

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    The Bader RE Team

    Keller Williams Realty

    (505) 605-2012

    2319 Stieglitz Ave SE, Albuquerque, NM 87106
  • /3

    $525,000

    • Land
    • 2.87 Acres
    • $182,927 per Acre

    720 E Main St, Farmington, NM 87401

    Prime 2.87-acre level commercial lot with East Main Street frontage, ideally located near downtown Farmington, NM! This versatile property offers unparalleled exposure for any business venture, with utilities conveniently on-site for a seamless development experience. The strategic location and high visibility make this lot a fantastic investment opportunity for retail, office, or mixed-use

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    Allen Elmore

    EXP Realty, LLC

    (505) 498-2322

    720 E Main St, Farmington, NM 87401
  • /41

    $140,950

    • Land
    • 3 Acres
    • $46,983 per Acre

    E of 1102 E Wood Ave, Carlsbad, NM 88220

    2.99 Acres of Residential Land with CID Water Rights! This 2.99-acre property provides ample space for a variety of uses—whether you envision a custom-built residence with expansive outdoor living areas, a hobby farm, or simply a quiet retreat with plenty of room to expand. A well and septic will be needed, and electricity is conveniently located nearby, making development straightforward.

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    Meagan Carpenter

    CENTURY 21 DUNAGAN ASSOCIATES

    (575) 221-6733

    E of 1102 E Wood Ave, Carlsbad, NM 88220
  • /18

    $550,000

    • Land
    • 16.56 Acres
    • $33,213 per Acre

    NYA Road 3400, Flora Vista, NM 87415

    ''Riverside Farmland East'' Rare opportunity to own 16.5 acres of riverfront farmland along the beautiful Animas River in Flora Vista NM. Ideally located less than 10 minutes from Farmington and under an hour from Durango CO, this property combines convenience with a sense of peaceful seclusion—perfect for those seeking a private retreat or productive farmland with future potential. With an

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    Allen Elmore

    eXp Realty, LLC

    (505) 591-9105

    NYA Road 3400, Flora Vista, NM 87415
  • /17

    $500,000

    • Land
    • 16.56 Acres
    • $30,193 per Acre

    NYA Road 3400, Flora Vista, NM 87415

    ''Riverside Farmland West'' Rare opportunity to own 16.5 acres of riverfront farmland along the beautiful Animas River in Flora Vista NM. Ideally located less than 10 minutes from Farmington and under an hour from Durango CO, this property combines convenience with a sense of peaceful seclusion—perfect for those seeking a private retreat or productive farmland with future potential. With an

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    Allen Elmore

    eXp Realty, LLC

    (505) 391-7594

    NYA Road 3400, Flora Vista, NM 87415
  • /29

    $2,100,000

    • 3 Beds
    • 2 Baths
    • 3,841 Sq Ft

    6461 Corrales Rd, Corrales, NM 87048

    Large Two Parcel Sale! Parcel 1: Main House and Lot (3.91 Acres) Discover a unique opportunity in the heart of Corrales, with this property featuring a charming main house brimming with potential. The main level features a few updates with ample room for personalization, allowing you to create your dream home. An unfinished upstairs awaits your creative vision, perfect for customizing to your

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    Michael Schlichte

    Absolute Real Estate

    (505) 207-3782

    6461 Corrales Rd, Corrales, NM 87048
  • /21

    $169,000

    • Land
    • 3.83 Acres
    • $44,125 per Acre

    NYA Foothills Dr, Farmington, NM 87402

    Build your dream home on this level and cleared 3.83-acre lot along the highly desirable North Foothills Drive in Farmington, NM. Offering both space and convenience, this property provides the ideal setting for a custom home and shop with plenty of room to spread out. Enjoy the perfect balance of privacy and accessibility--close to town yet with a peaceful, secluded feel. Under an hour from

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    Allen Elmore

    EXP Realty, LLC

    (505) 614-8102

    NYA Foothills Dr, Farmington, NM 87402
  • /18

    $550,000

    • Land
    • 16.56 Acres
    • $33,213 per Acre

    NYA-E Road 3400, Flora Vista, NM 87415

    ''Riverside Farmland East'' Rare opportunity to own 16.5 acres of riverfront farmland along the beautiful Animas River in Flora Vista NM. Ideally located less than 10 minutes from Farmington and under an hour from Durango CO, this property combines convenience with a sense of peaceful seclusion--perfect for those seeking a private retreat or productive farmland with future potential. With an

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    Allen Elmore

    EXP Realty, LLC

    (505) 576-8068

    NYA-E Road 3400, Flora Vista, NM 87415
  • /17

    $500,000

    • Land
    • 16.56 Acres
    • $30,193 per Acre

    NYA-W Road 3400, Flora Vista, NM 87415

    ''Riverside Farmland West'' Rare opportunity to own 16.5 acres of riverfront farmland along the beautiful Animas River in Flora Vista NM. Ideally located less than 10 minutes from Farmington and under an hour from Durango CO, this property combines convenience with a sense of peaceful seclusion--perfect for those seeking a private retreat or productive farmland with future potential. With an

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    Allen Elmore

    EXP Realty, LLC

    (505) 500-1526

    NYA-W Road 3400, Flora Vista, NM 87415
  • /25

    $340,000

    • 3 Beds
    • 1.5 Baths
    • 1,216 Sq Ft

    65 Road 12, Eagle Nest, NM 87718

    Tucked away in the quiet Idlewild community, this cabin offers the perfect opportunity for a private mountain retreat near Eagle Nest. This cozy 3 bedroom, 1 & 1/2 bathroom home is ready for a new owner to take it to the next level and make it their own. There is also an approximately 800 sq ft underground storage room perfect for storing your summer or winter gear. The property is surrounded by

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    The Weeks Group

    Coldwell Banker Mountain Properties

    (575) 216-5463

    65 Road 12, Eagle Nest, NM 87718
  • /7

    $35,000

    • Land
    • 0.27 Acre
    • $129,630 per Acre

    TBD Janis Ave, El Paso, TX 79927

    Great for Multiple Uses or as an Investment Opportunity!Lot measures approximately 160 ft x 80 ft. Conveniently located with close access to Gateway Blvd E, I-10, and the City of Horizon.

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    Albert Lugo

    ERA Sellers & Buyers Real Esta

    (915) 974-3474

    TBD Janis Ave, El Paso, TX 79927

Showing Results 601 - 640, Page 16 of 18

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