Vacant Land for Sale
Catylist Listing ID: 29965565
Property Subtypes: Residential (Single Family), Vacation/Resort
Gross Land Area: 3.72 Acres
Sale Price: $497,500
Unit Price: $133,736 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2019

Overview / Comments

Are you looking for high quality golf course land that would be truly be the center of attention? How about land that you could use for a master planned compound or has been platted for additional subdivision development if desired? Well if you are looking for entitlements and not entanglements this could be your site without conflict or compromise. You would also be hard pressed to find golf course land anywhere in the local area you can compare this to that is immediately available for development.
The land itself lies directly in the center of holes 3, 5 & 6 of Picacho Hills Country Club which has won numerous industry awards on a regional level for their championship golf course, facility amenities and overall governance. The club offers tournaments on a local level that are second to none, pool services, tennis and a wide variety of class "A" dining options both casual and full service.
The community demographics & characteristics for this location are second to none anywhere in the local area. Key points to consider would included but not be limited to:
* An median income per household of $60,000+ (1 mile)
* An average income per household of $79,000+ (1 mile)
* 44 plus percent of the population have a college degree
* median home value of $300,000 +
* Views that are second to none and prime
* exceptional quality of life amenities with a work & play lifestyle
* small town appeal
* big city amenities
* year round cultural & recreational opportunities
* short & immediate drive times to both mountain & desert landscapes

The original development or land purchase was done with the intent of establishing a very unique adobe style home development that frankly should be highly considered still. It would truly offer a very vibrant and high profile look to the site. Numerous other architectural concepts and layouts are on file if this is not the desire.

If you are looking for a high quality land and want to do something special and extraordinary give this tract a shot. You will truly be able to create an estate and place that people will love.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Zoning: ER7
Property Visibility: Excellent
Legal Description: ER7 per Dona
Largest Nearby Street: Via Norte & Plazuela Ct.
Highway Access: Interstate 10 & Picacho Exit Way
Airports: El Paso International Airport
Zoning Description: ER7 Per Dona Ana County Guidelines
Part of Planned Development?: Yes
Development Name: Adobes at Picacho
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,260 46,095 104,422
Median Age: 28.31 36.03 34.45
Households: 2,261 17,821 41,321
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.