For sale

Price cut: $4.6K (7/7)

$189,900

312 Ocotillo Dr, Elephant Butte, NM 87935

3beds

1,960sqft

Manufactured Home

Built in 1972

0.25 Acres Lot

$181,500 Zestimate^®

$97/sqft

$-- HOA

What's special

Plenty of additional parkingFreshly paintedRemodeled bathroomsUpdated showersReplaced flooringSpacious double lot

Nice double-wide home on a spacious double lot! Features include granite countertops in the kitchen and bathrooms, updated light fixtures and ceiling fans throughout, and two mini-split units for efficient comfort (2-ton unit in the large room and 1-ton unit in the game room). The home has been freshly painted and offers replaced flooring, updated showers, and remodeled bathrooms. Enjoy incredible views with the back of the property bordering BLM land for added privacy and open space. The property also includes a 1-car garage and a 2-car carport, with plenty of additional parking for all your lake toys, boats, motorhomes, trailers, and 5th wheels. Conveniently located just 5 minutes from the lake and 10 minutes from the hot springs! The property is assessed as permanent real estate. This is a fantastic investment opportunity for a nightly rental business, vacation home, or peaceful lake getaway!

95 days
157
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Propane

Cooling

Window Unit(s)

Features

Ceiling Fan(s), Walk-In Closet(s)
Flooring: Laminate
Has fireplace: No

Interior area

Total structure area: 1,960
Total interior livable area: 1,960 sqft

Property

Parking

Total spaces: 1
Parking features: Garage
Garage spaces: 1

Features

Stories: 1
Fencing: Chain Link,Cross Fenced

Lot

Size: 0.25 Acres
Topography: Chain Link, Cross Fenced

Details

Parcel number: 3020073531518

Construction

Type & style

Home type: MobileManufactured
Property subtype: Manufactured Home

Materials

Block - Cinder, Concrete
Roof: Metal

Condition

Year built: 1972

Utilities & green energy

Utilities for property: Electricity Connected, Propane

Community & HOA

Community

Security: Audio/Video Surveillance, Detector - Smoke/Heat

HOA

Has HOA: No

Location

Region: Elephant Butte

Financial & listing details

Price per square foot: $97/sqft
Tax assessed value: $81,057
Annual tax amount: $733
Date on market: 5/29/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,VA Loan
Inclusions: Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
Electric utility on property: Yes

Estimated market value

$181,500

$172,000 - $191,000

$1,841/mo

Price history

Date	Event	Price
7/7/2026	Price change	$189,900-2.4%$97/sqft
Source: eXp Realty #20263154 Report a problem
5/29/2026	Listed for sale	$194,500$99/sqft
Source: New Mexico MLS #20263154 Report a problem
3/21/2026	Listing removed	$194,500$99/sqft
Source: eXp Realty #20251541 Report a problem
9/4/2025	Price change	$194,500-2.5%$99/sqft
Source: New Mexico MLS #20251541 Report a problem
4/28/2025	Price change	$199,500-11.1%$102/sqft
Source: New Mexico MLS #20251541 Report a problem
4/12/2025	Price change	$224,500-10.2%$115/sqft
Source: New Mexico MLS #20251541 Report a problem
3/18/2025	Listed for sale	$249,900$128/sqft
Source: New Mexico MLS #20251541 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$752 +1.1%	$27,019
2024	$743 -24.7%	$27,019 -20.9%
2023	$987 +10.6%	$34,146 +3%
2022	$892	$33,151 +3%
2021	--	$32,185
2020	--	$32,185
2018	--	$32,185
2017	--	$32,185
2016	--	$32,185
2015	--	$32,185 +1.5%
2014	--	$31,722
2013	--	--
2011	--	--
2010	--	--