Sharp 4 bedroom 3.5 Bath home in Lakeshore Highlands, Elephant Butte NM on 1.2 Acre Lot plus the adjoining 1 acre lot to the north.
Home is currently used as a Vacation Rental on both VRBO and airbnb.
Bring the whole family to this great place with lots of room for fun. Price includes the 1 acre lot to the north. There are horses in Lakeshore Highlands. RV electric on South side of yard.
Seller will consider real estate exchange offers for equity of about $300K. Prefer vacant land. Brokers welcome!
For sale by owner
Price increase: $36K (6/7)
$635,000
28 Arabian Ln, Truth Or Consequences, NM 87901
4beds
2,912sqft
:
Get pre-qualified$3,947/mo
SingleFamily
Built in 1992
2.2 Acres Lot
$-- Zestimate®
$218/sqft
$-- HOA
Overview
What the owner loves about this home
Bring the whole family to this great place with lots of room for fun. Play pool, table tennis, swing, BBQ, hike and more. Patio with awesome lake and mountain views. 1/2 mile to Elephant Butte Lake State Park, then 1 mile to the water. The upper part of the lake is home to Canada Geese year round and many many white pelicans in the winter. This part of the lake has thousands of migratory birds pass though from fall to spring and many stop to visit. There are horses in the area. Well and septic were tested and passed in 2025.
- 323 days |
- 146 |
- 3 |
Listed by:
Property Owner (505) 293-4848
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Heat pump, Radiant, Electric, Propane / Butane
Cooling
- Refrigerator, Other
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Other, Carpet, Laminate
- Basement: None
Interior area
- Total interior livable area: 2,912 sqft
Property
Parking
- Total spaces: 10
- Parking features: Off-street
Features
- Exterior features: Stucco
- Has view: Yes
- View description: Park, Water, Mountain
- Has water view: Yes
- Water view: Water
Lot
- Size: 2.2 Acres
Details
- Parcel number: 3019069043489
Construction
Type & style
- Home type: SingleFamily
Materials
- Foundation: Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1992
Community & HOA
Location
- Region: Truth Or Consequences
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $270,291
- Annual tax amount: $2,191
- Date on market: 9/10/2025
Estimated market value
Not available
Estimated sales range
Not available
$2,737/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2026 | Price change | $635,000+6%$218/sqft |
Source: Owner Report a problem | ||
| 9/10/2025 | Listed for sale | $599,000$206/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,191 +1.5% | $90,097 +3% |
| 2023 | $2,159 +12.1% | $87,473 +3% |
| 2022 | $1,927 | $84,925 +3% |
| 2021 | -- | $82,452 |
| 2020 | -- | $82,452 +5.5% |
| 2018 | -- | $78,190 |
| 2017 | -- | $78,190 +6% |
| 2016 | -- | $73,753 |
| 2015 | -- | $73,753 -4.3% |
| 2014 | -- | $77,103 |
| 2013 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87901
Nearby schools
GreatSchools rating
- 5/10Sierra Elementary SchoolGrades: 4-5Distance: 8.3 mi
- 4/10T Or C Middle SchoolGrades: 6-8Distance: 8.4 mi
- 5/10Hot Springs High SchoolGrades: 9-12Distance: 8.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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