Centerfire Real Estate.

Lakeshore HighlandsSierra County, New Mexico
MLS #610540
SUBDIVISION FOR SALE--
The undeveloped area of Lakeshore Highlands, Sierra County, New Mexico . Engineered by Bohannan Houston including topos from aerial survey. All plats approved by Sierra County and recorded at the County Clerk's office

LOCATION--
2 miles east of 1-25, exit 83 and Truth or Consequences. Municipal Airport .. half way between Albuquerque and El Paso (140 miles to either major airport). Just a one hour drive south to the booming town of Las Cruces, NM.

FEATURES--
Located just west of the shore of Elephant Butte Lake (largest lake within 500 miles) .. bordered by government land on all 4 sides ..

SIZE--
633 lots, one to four acres each, totaling 1515 net acres. Gross area with drainage and roads equals approximately 2100 acres .. (36 lots within the perimeter of the undeveloped area are not included )

UTILITIES--
Sierra Electric Coop and Valor Telephone mains to the property

TERRAIN--
Hills and valleys with general slope upward to the west, provides best views of lake compared to any other deeded land in the county .. major drainage areas (arroyos) set aside as green belts, minor drainage areas go through some lots

TITLE--
Free & clear, no liens, taxes current .. title commitment available within a few days from Ekmar Title in Truth or Consequences. Extensive legal description available upon request.

PRICE & TERMS--
$6,500,000 cash .. Seller pays standard title insurance and brokerage fee .. Buyer pays survey, if needed, and all other closing costs

WATER RIGHTS--
Not necessary if present development plan is continued .. there are about 75 homes in the developed part of the subdivision, each home owner puts in his own well and septic system .. if Buyer chooses a different development plan (replat to smaller lots with water & sewer, etc) then Seller might furnish up to 580 ac ft water rights for an additional price of $15,000 per acre foot

MARKET FORCES--
Spaceport America, the nation's first rocket launch site for private industry is just 20 miles south of Elephant Butte Lake .. temporary facilities already in use, and Phase 1 permanent facilities of $26 million now under way .. the community preparing for huge economic impact, constructing new bridges on the highway to accommodate heavy trucks .. area's 1st WalMart now under construction .. well financed group from Florida planning NASCAR training tracks adjacent to Truth or Consequences Municipal Airport; several thousand acres will include tourist facilities, golf course, residential and commercial dev .. this property borders the Lakeshore highlands subdivision .. There is a new world-class Turtleback Mountain Resort golf course with residential and commercial development at Elephant Butte Lake