Northern New Mexico- Subdivision For Sale - 1,255 acres
The property is adjacent to beautiful El Vado Lake, approximately one hour north of Santa Fe and one hour south of Durango, Colorado. The area attracts skiing, fishing, hunting and camping. It is subdivided with electric and phone underground and all roads in place. Lot owners install water and septic. The development consists of 1,255 acres and was originally platted into 300 lots, 200 of which have already been sold and the remaining 100 of which are offered here. This investment is very turn-key with the association maintaining roads. Recent sales have been made at approximately $60,000 each. Additional amenities would increase value even further. With an as-is total value on the remaining lots at approximately $6,000,000, this entire subdivision is available for purchase from JPIH for $2,200,000. PHOTO ALBUM
Southern New Mexico - Subdivision - 633 Lots - 12% of Developed Value!!
SUBDIVISION FOR
Six hundred thirty three (633) lots, averaging of 1 – 4 acres each, on a total net area of 1,515 net acres. The gross area with drainage and roads equals approximately 2,100 acres. Thirty six (36) acres within the perimeter of the undeveloped area are not included.
The purchase of Phase II of this subdivision represents an incredible development opportunity. The location and natural beauty of the property, combined with the rapidly growing interest, is a perfect combination to leverage the profits available.
With an estimated average value of approximately $105,000 per lot as currently platted and after developed as currently planned (total value estimate = $66,450,000), this entire parcel is available from JPIH for $8,250,000 as-is. DETAILED PROPERTY DESCRIPTION, PROJECTIONS & PHOTO ALBUM