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Lot/land
  • $540,000

    638 Therma E, Eagle Nest, NM 87558

    --beds
    --baths
    7Acres
    Improved Land
    Built in ----
    7 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    VIDEO TOUR - SEARCH YOUTUBE FOR - "638 E THERMA" . . . . Four parcels at the corner of Therma and Teddy Bear in Eagle Nest NM, with direct Highway 64 frontage, this is one of the most visible pieces of land in the Enchanted Circle. PREPAID SEWER AND WATER TAPS INCLUDING 2.6 ACRE FT OF COMMERCIAL WATER RIGHTS. SW LOT HAS WATER AND SEWER TO LOT (see survey). Three of the parcels are right around half an acre each, well suited for smaller commercial builds, retail, or service businesses. The fourth parcel comes in just over 5.5 acres, giving you real room to work with if you have something bigger in mind. The general commercial zoning is flexible enough to allow residential construction too, so you could build a home on one lot while developing the others. That kind of flexibility is rare. Eagle Nest Lake is about a minute away. Red River and Angel Fire are both roughly a 20-minute drive, which puts you at the center of everything the Enchanted Circle has to offer. If you have been watching this market, you already know Eagle Nest is probably the last affordable resort town in northern New Mexico, and that window is not going to stay open forever.
    96 days
    |
    28
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert Swan 575-613-4243,

    Swan Realty 575-613-4243

    Source: Enchanted Circle,MLS#: 114844MLS Logo

      Facts & features

      Property

      Lot
      • Size: 7 Acres
      • Features: 5-10 Acres, Flat
      • Topography: Level,CanyonValley
      Details
      • Zoning description: General Commerc

      Utilities & green energy

      • Sewer: Community/Coop Sewer
      • Water: Not Connected (nearby)
      • Utilities for property: Electricity Available, Propane, Phone Available

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Red River

      Financial & listing details

      • Date on market: 4/18/2026
      • Listing agreement: Exclusive Right To Sell
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/18/2026Listed for sale$540,000
        Source: Enchanted Circle #114844 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 87558

        Getting around

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