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Residential Land for Sale in Rio Rancho, New Mexico
5311 Nambe Rd NE, Rio Rancho, NM 87144
$17,500
0.5 acres
Active sale
$1.45k drop
Est $156/moMotivated seller offering owner financing on one of two available lots with excellent future potential. Manufactured homes are allowed, and electric and natural gas are available at the property line, helping simplify your path to development. There is also potential to develop both lots with a shared well, adding flexibility for builders, investors, or those planning a custom setup. A great opportunity to secure land with favorable terms and multiple possibilities.
Location
- Street address
- 5311 Nambe Rd NE
- County
- Sandoval County
- Community
- Rio Rancho Estates
- Elevation
- 5,574 feet
Directions
From Highway 550 head south on Chayote, right on Kennard and right on Nambe.
Property details
- Lot size
- 0.5 acres21,780 sq ft
- Zoning
- R-1
- MLS #
- SWMLS 1086030
- Posted
Property taxes
- Recent
- $58
Parcels
- 1014075436417
Details and features
Listing
- Type
- Land
- Franchise
- Independent
Lot
- Features
- Acreage, Gentle Sloping, Stream Creek, Views
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 26, 2026 | Relisted | $17,500 | — | SWMLS |
| Mar 27, 2026 | Listing removed | $17,500 | — | Listing agent |
| Mar 22, 2026 | Price drop | $17,500 | $1,450 -7.7% | SWMLS |
| Dec 26, 2025 | Price drop | $18,950 | $50 -0.3% | SWMLS |
| Nov 5, 2025 | Price drop | $19,000 | $1,000 -5% | SWMLS |
| June 14, 2025 | New listing | $20,000 | — | SWMLS |
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