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Key Facts

19.00Lot (acres)

$4,250,000

Active558 days on marketListed September 7, 2024

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Description

Ventana Grande Subdivision presents a rare development opportunity to create a quality community lifestyle in the Village of Corrales. This 19 acre subdivision includes a New Mexico Land Conservancy Easement that is presently being farmed and leased, as well as an Equestrian Easement. First time being offered for sale since 1952! This prime acreage is in a superb Corrales greenbelt location and has so many options and possibilities for quality living and/or development. MRGCD. Seller will discuss, and clarify any water rights that will convey with new owner. For more information please contact Robin Riegor, Broker.

Property Information

Property Type

Farm

Sub-Type

Farm

Lot Size

19.00 acres

Ownership

Fee Simple

Days on Market

558

MLS® Listing#

1072617

Property Features

Fencing

Fenced

Lot Features

Level

Utilities

Electricity AvailableNatural Gas AvailableSewer Not AvailableWater Not Available

Sewer

None

Water Source

None

Financial Details

Annual Taxes

$28

Parcel Number

R182210,R182211,R182213,R182214,R182215

Directions

Property is located East of Loma Larga and South of Meadowlark. The Equestrian Easement is included in the 19 acres for sale and it is the North border of this property.

Affordability Calculator

Home Price

Down Payment

$850,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$22,620/mo

Principal $3,400,000 · Est. interest $4,743,303 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Corrales, NM

$971,429
Median Listing Price: 73
Median Days on Market: 3,097
Median Sq Ft: $303
Median Price / Sq Ft: 46
Active Listings

This home’s price is 337% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Corrales, NM.

Similar Homes Nearby

$3,375,000
4 beds · 3 baths · 10,094 sq ft
3819-3821 Corrales Road, Corrales, NM 87048
Single Family ResidenceActive
Listing courtesy of EXP Realty LLC
$4,250,000
0 Wallace Lane, Corrales, NM 87048
FarmActive
Listing courtesy of Sotheby's Int. RE/Grant

Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
3819-3821 Corrales Road, Corrales, NM	$3,375,000	4	3	10,094
0 Wallace Lane, Corrales, NM	$4,250,000	—	—	—

Moving Cost Estimate

Listing Courtesy: Sotheby's International Realty - 5059882533

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