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Jared Murphy
Associate Broker - Allstar Realty Cell: 505.615.2718 Fax: 1.866.213.3119 |
Getting to Know Elephant Butte, New MexicoElephant Butte reservoir is the largest recreational lake in the state of New Mexico. Like many large reservoirs in the southwest, Elephant Butte has great fishing and water recreation. In addition to the great water sport options, is a climate that is hard to beat. Year-round golf, sunshine throughout most of the year, no hurricanes, etc… make the area a desirable place to escape from it all. Many are finding that Elephant Butte has what they are looking for in a location for a second home or as a retirement destination. Named for the large butte (a rock formation rising sharply above the surrounding land) at the south end of the lake. At certain times of the day the butte resembles an kneeling elephant. Until recently, Elephant Butte was only on the mind of New Mexico and Arizona locals looking for a great lake destination for their vacation weekends. With other great retirement locations becoming extremely expensive, Elephant Butte is being recognized for the potential destination it can become. Also, with the creation of the first major spaceport just to the south-east, Elephant Butte may become a living destination for scientists, engineers, business owners, and entrepreneurs relocating to the area to participate in the innovations that will come as the privatized space industry takes shape. Elephant Butte as an Investment - Land and HomesRecreation, Beauty, Unbelievable Climate, Great Golfing, a Spaceport, NASCAR!!! What More Could you Want? Elephant Butte Reservoir is the State of New Mexico's largest recreational lake. Though it gets very crouded during three of the major recreational holidays each year, generally the Elephant Butte is a very nice, peaceful place. Some even call it a little piece of paradise. As always happens with paradises, they get discovered, and that is definately happening here. Elephant Butte has been one of the leading appreciating markets for homes or land in New Mexico during the past two years. Though prices have risen dramatically over the past two years, they are still very reasonable when compared to most any other little paradise with similar qualities. You can get 1+ acre lots in a secluded prestigious community for anywhere from $89,000 to $250,000. In other areas, you can buy land and lots for as little as $30,000 with city utilities. Those prices aren't exactly standing still, especially with the anticipated construction of the Spaceport and the Hot Springs Motorplex. Those prestigious lots used to go for$42,000 - $75,000 and the smaller lots with city utilities sold for $20,000 not very long ago. New or newer homes range from $170,000 up to $500,000. Elephant Butte is a great place to invest in a home or land as the retirement influx continues and as a new job market begins with the creation of the new New Mexico Spaceport and the new Motorplex. Elephant Butte will continue to redefine itself and prices in the coming years will reflect that.
Links to spaceport news:Spaceport Homepage: New Mexico Lays out its spaceport plan: Virgin Galactic lays out its
spaceport plan: New Mexico spaceport and the X-Prize Cup:
Links to Hot Springs Motorplex news:Website for Hot Springs Motorplex: Motorplex Proposal Map Motorplex Article
Elephant Butte Pictures: Picture of the Butte and the marina on the south side of the lake.
This picture shows the unique desert topography surrounding much of the lake.
Demographic Information:Population (year 2005): 1,334 County: Sierra Median house value: $195,400 (year 2005) Elephant Butte Weather InformationAnnual Precipitation (inches) 11.9 inches Sunny days 292 Average July High 93.9 Average January Low 24.8 (at night)
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