Land for Sale in Lemitar, New Mexico
Olive Ln Lemitar, NM 87823
Located in Lemitar, NM, this property spans 57.45 acres across 11 parcels, including 6 acres of pre-1907 water rights. The land was mostly used as a chili farm and for a buyer, it has potential for any farming enthusiast. The seller will transfer water rights to the buyer, ensuring partial irrigational support and with water banking and leasing options through the Middle Rio Grande Conservancy District, this property offers a sustainable water solution for a possible future agricultural operation. Real Estate Contract is possible with approved terms.
Directions
Turn left onto Cll De Lemitar/ Lemitar Frontage Rd, then turn left on Olive Ln. Go North on Olive to the dirt road that starts on the left just past Rynni Rd. See additional property info sheet w/map.
Location
- Street Address
- Olive Ln
- County
- Socorro County
- Community
- MRGCD Map 153
- Elevation
- 4,636 feet
Property details
- Zoning
- RA-1
- MLS Number
- SWMLS 1059897
- Date Posted
Property taxes
- Recent
- $412
Legal description
Sub: MRGCD MAP 153 Tract: 20B 6.00 AC W.OF MCALLISTERDRAIN, Sub: MRGCD MAP 153 Tract: 22 1.96 AC, Sub: MRGCD MAP 153 lot: 61 Tract: 23 1.67 AC, Sub: MRGCD MAP 153 Tract: 24 1.78 ACRES, Sub: MRGCD MAP 153 Tract: 25A 1.01 AC, Sub: MRGCD MAP 153 Tract: 25B 15.07 AC, Sub: MRGCD MAP 153 Tract: 40 16.62 AC, Tract: 26 5.53 AC Sub: MRGCD MAP 153, Tract: 36B 1.70 AC Sub: MRGCD MAP 153 , Tract: 37 3.44 AC Sub: MRGCD MAP 153 , Tract: 38 2.67 AC Sub: MRGCD MAP 153
Detailed attributes
Listing
- Type
- Land
- Franchise
- RE/MAX International
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 7, 2024 | Price drop | $355,676 | $79,324 -18.2% | SWMLS |
| Oct 12, 2024 | New listing | $435,000 | — | SWMLS |