Prime Development Opportunity | 20 Acres with High Capacity Irrigation Well and Water Rights Approximately 20 acres to be sold off a larger farm offering a rare combination of water access and development potential. Property includes a high capacity irrigation well approximately 200 feet deep with water encountered around 130 feet and a reported production of approximately 700 GPM plus 21.595 acres of deeded water rights conveying with the sale. The tract offers multiple points of access from Cope Pl and Yuciapa St with future access planned from Fowler Ave extending south from Kansas Ave providing strong long term development flexibility. Flat usable land with exceptional water assets makes this property well suited for residential development ranchettes or continued agricultural use. Located in an area of growth with future infrastructure expansion already planned. A rare opportunity to acquire acreage with significant water capacity multiple access points and long term upside. Call or text Matthew Smith to see this property today! 575-441-3880
Lot/land
Price cut: $100K (6/26)
$500,000
E Cope Pl, Hobbs, NM 88242
--beds
--baths
20Acres
Farm
Built in ----
20 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Water rightsFlat usable landHigh capacity irrigation wellExceptional water assets
- 159 days |
- 29 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Allie Etier 575-942-2000,
Found Real Estate 575-942-2000
Source: New Mexico MLS,MLS#: 20260561
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
Lot
- Size: 20 Acres
Details
- Parcel number: 4000419430001
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Not Available
Community & HOA
HOA
- Has HOA: Yes
Location
- Region: Hobbs
Financial & listing details
- Annual tax amount: $5,788
- Date on market: 1/29/2026
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $500,000-16.7% |
Source: | ||
| 1/29/2026 | Listed for sale | $600,000 |
Source: | ||
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: 88242
Nearby schools
GreatSchools rating
- 6/10Coronado Elementary SchoolGrades: K-5Distance: 3.3 mi
- 4/10Highland Junior High SchoolGrades: 6-8Distance: 3.3 mi
- NAHobbs Freshman High SchoolGrades: 9-10Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Lea County
- Hobbs
- 88242
- E Cope Pl




