22

New Construction Homes for Sale in Elephant Butte, NM

Section Image
  • 106 Inca St, Elephant Butte, NV 89735
    106 Inca St, Elephant Butte, NV 89735
    106 Inca St, Elephant Butte, NV 89735
    /37

    $429,900 Custom Home

    106 Inca St, Elephant Butte, NV 89735

    • 4 Beds
    • 3 Baths
    • 1,940 Sq Ft

    Brand-New 2026 Triplex – Prime Investment or Owner-Occupant Opportunity! Don’t miss this incredible opportunity to own a newly built 2026 triplex in a growing area near Elephant Butte Lake and Truth or Consequences! This modern property features three well-designed units, including one spacious 2-bedroom, 1-bath unit and two comfortable 1-bedroom, 1-bath units. Each unit is thoughtfully finished

    Cheryl Shipley RIO MESA REALTY

    106 Inca St, Elephant Butte, NV 89735
  • LOT 793 Pinto Trail, Elephant Butte, NM 87935
    LOT 793 Pinto Trail, Elephant Butte, NM 87935
    /2

    $9,950 Lot/Land

    LOT 793 Pinto Trail, Elephant Butte, NM 87935

    • 1.54 Acres
    • $6,461 per Acre

    1.54 Acre lot in Lakeshore Highlands. Just minutes from elephant Butte Lake. Build your dream home

    Rachel Woodard HOMESTEADERS REALTY

    LOT 793 Pinto Trail, Elephant Butte, NM 87935
  • VL Rio Grande Cir, Elephant Butte, NM 87935
    VL Rio Grande Cir, Elephant Butte, NM 87935
    VL Rio Grande Cir, Elephant Butte, NM 87935
    /3

    $50,000 Lot/Land

    VL Rio Grande Cir, Elephant Butte, NM 87935

    • 0.61 Acre
    • $81,967 per Acre

    Bring your dreams, your home plans and your lake toys. This lot awaits your dream home or your lake get away home.

    Donald Auge Coldwell Banker Legacy

    VL Rio Grande Cir, Elephant Butte, NM 87935
  • 200 Springland Blvd, Elephant Butte, NM 87935
    200 Springland Blvd, Elephant Butte, NM 87935
    200 Springland Blvd, Elephant Butte, NM 87935
    /5

    $233,100 Lot/Land

    200 Springland Blvd, Elephant Butte, NM 87935

    • 0 Acre

    GREAT Investor's Opportunity! Lakeshore 2nd Filing & Replat packages. Property SOLD in (As is) conditions. Actual address will be issued when purchased. 12 lots +-

    Helen Lyon CRIPPLE CREEK REALTY, LLC

    200 Springland Blvd, Elephant Butte, NM 87935
  • 103 Jade Loop, Truth Or Consequences, NM 87935
    103 Jade Loop, Truth Or Consequences, NM 87935
    103 Jade Loop, Truth Or Consequences, NM 87935
    /7

    $59,000 Lot/Land

    103 Jade Loop, Truth Or Consequences, NM 87935

    • 0.28 Acre
    • $210,714 per Acre

    Build your dream home. Utilities nearby. Ready for the next owner

    Liliana Hernandez Volare Realty Group LLC

    103 Jade Loop, Truth Or Consequences, NM 87935
  • 719 Erie Ave, Elephant Butte, NM 87935
    719 Erie Ave, Elephant Butte, NM 87935
    /2

    $49,000 Lot/Land

    719 Erie Ave, Elephant Butte, NM 87935

    • 0.5 Acre
    • $98,790 per Acre

    Build your dream home on this lot in Elephant Butte! Utilities nearby. Enjoy the space to build a home and have room for a shop still. Minutes from the boat ramp and beaches. Don't miss this one!

    Summer Woods CRIPPLE CREEK REALTY, LLC

    719 Erie Ave, Elephant Butte, NM 87935
  • 204 Superior Dr, Elephant Butte, NM 87935
    204 Superior Dr, Elephant Butte, NM 87935
    204 Superior Dr, Elephant Butte, NM 87935
    /13

    $33,000 Lot/Land

    204 Superior Dr, Elephant Butte, NM 87935

    • 0.64 Acre
    • $51,562 per Acre

    .64 acre lot on paved road in Elephant Butte. Just minutes from Marina del Sur and Sierra Del Rio Golf course. Plenty of room for your home and all your lake toys.

    Rachel Woodard HOMESTEADERS REALTY

    204 Superior Dr, Elephant Butte, NM 87935
  • Lot 630 Mustang P, Elephant Butte, NM 87935
    Lot 630 Mustang P, Elephant Butte, NM 87935
    /2

    $9,950 Lot/Land

    Lot 630 Mustang P, Elephant Butte, NM 87935

    • 1.92 Acres
    • $5,182 per Acre

    1.92 Acre lot in Lakeshore Highlands. Just minutes from elephant Butte Lake. Build your dream home

    Rachel Woodard HOMESTEADERS REALTY

    Lot 630 Mustang P, Elephant Butte, NM 87935
  • 207 Olympic St, Elephant Butte, NM 87935
    207 Olympic St, Elephant Butte, NM 87935
    /2

    $36,000 Lot/Land

    207 Olympic St, Elephant Butte, NM 87935

    • 0.33 Acre
    • $109,890 per Acre

    Vacant lot utilities are near site. Easy access to the Lake

    Helen Lyon CRIPPLE CREEK REALTY, LLC

    207 Olympic St, Elephant Butte, NM 87935
  • LOT 620 Greer Ln, Elephant Butte, NM 87935
    LOT 620 Greer Ln, Elephant Butte, NM 87935
    /2

    $9,950 Lot/Land

    LOT 620 Greer Ln, Elephant Butte, NM 87935

    • 3.37 Acres
    • $2,953 per Acre

    2.11 Acre lot in Lakeshore Highlands. Just minutes from elephant Butte Lake. Build your dream home

    Rachel Woodard HOMESTEADERS REALTY

    LOT 620 Greer Ln, Elephant Butte, NM 87935
  • 1 Cedar Canyon Blvd Unit 1, Elephant Butte, NM 87935
    1 Cedar Canyon Blvd Unit 1, Elephant Butte, NM 87935
    1 Cedar Canyon Blvd Unit 1, Elephant Butte, NM 87935
    /4

    $2,043,800 Lot/Land

    1 Cedar Canyon Blvd Unit 1, Elephant Butte, NM 87935

    • 6.43 Acres
    • $317,854 per Acre

    Great Investment Opportunity.

    Helen Lyon Cripple Creek Realty, LLC

    1 Cedar Canyon Blvd Unit 1, Elephant Butte, NM 87935
  • Lot 631 Mustang P, Elephant Butte, NM 87935
    Lot 631 Mustang P, Elephant Butte, NM 87935
    /2

    $9,950 Lot/Land

    Lot 631 Mustang P, Elephant Butte, NM 87935

    • 1.92 Acres
    • $5,182 per Acre

    1.92 Acre lot in Lakeshore Highlands. Just minutes from elephant Butte Lake. Build your dream home

    Rachel Woodard HOMESTEADERS REALTY

    Lot 631 Mustang P, Elephant Butte, NM 87935
  • 1003 Rock Canyon Rd, Elephant Butte, NM 87935
    1003 Rock Canyon Rd, Elephant Butte, NM 87935
    1003 Rock Canyon Rd, Elephant Butte, NM 87935
    /15

    $89,000 Lot/Land

    1003 Rock Canyon Rd, Elephant Butte, NM 87935

    • 1.54 Acres
    • $57,792 per Acre

    Perfect spot to build your dream home on this partially cleared corner lot. Sits on a corner lot off the main drag of Rock Canyon Road. Just minutes to Elephant Butte Lake. Utilities are all near by in the road. Septic needed.

    LaNeer Wrye CRIPPLE CREEK REALTY

    1003 Rock Canyon Rd, Elephant Butte, NM 87935
  • 1 Country Club Rd, Elephant Butte, NM 87935
    1 Country Club Rd, Elephant Butte, NM 87935
    1 Country Club Rd, Elephant Butte, NM 87935
    /3

    $296,100 Lot/Land

    1 Country Club Rd, Elephant Butte, NM 87935

    • 0.22 Acre
    • $1,345,909 per Acre

    INVESTOR'S PACKAGE WITH 37+- LOTS IN ELEPHANT BUTTE ESTATE. PACKAGE WILL NOT BE BROKEN. CALL LISTING REALTORS FOR INFORMATION. RECORDED PLATS ARE AVAILABLE AT THE SIERRA COUNTY CLERKS OFFICE. LOTS VARY IN SIZE.

    Helen Lyon CRIPPLE CREEK REALTY, LLC

    1 Country Club Rd, Elephant Butte, NM 87935
  • 23 McRea, Elephant Butte, NM 87935
    23 McRea, Elephant Butte, NM 87935
    23 McRea, Elephant Butte, NM 87935
    /3

    $25,000 Lot/Land

    23 McRea, Elephant Butte, NM 87935

    • 1.07 Acres
    • $23,364 per Acre

    Champagne Hills is a primo homesite for your dream home overlooking Elephant Butte Reservoir.

    Helen Lyon CRIPPLE CREEK REALTY, LLC

    23 McRea, Elephant Butte, NM 87935
  • TBD Armendariz Rd, Elephant Butte, NM 87901
    TBD Armendariz Rd, Elephant Butte, NM 87901
    TBD Armendariz Rd, Elephant Butte, NM 87901
    /6

    $69,000 Lot/Land

    TBD Armendariz Rd, Elephant Butte, NM 87901

    • 2.42 Acres
    • $28,548 per Acre

    Perched above the landscape with commanding views of Elephant Butte Lake near the dam, this exceptional 2+ acre land offers a rare sense of privacy and prestige. With minimal neighboring properties, the setting feels expansive, peaceful, and truly exclusive—an ideal backdrop for a luxury custom residence or private retreat. The elevated vantage point captures panoramic lake, desert, and mountain

    Vanessa Woertink CRIPPLE CREEK REALTY, LLC

    TBD Armendariz Rd, Elephant Butte, NM 87901
  • 0 Tierra Verde Cir, Elephant Butte, NM 87935
    0 Tierra Verde Cir, Elephant Butte, NM 87935
    /2

    $89,000 Lot/Land

    0 Tierra Verde Cir, Elephant Butte, NM 87935

    • 0.33 Acre
    • $269,697 per Acre

    Looking to build your dream home with the most amazing back drop? Look no further! This lot consists of .33 acre and is located in the desired Turtleback Mountain Resort. Surrounded by gorgeous homes, it also offers an amazing golf course, club house and so much more! Seller will consider a real estate contract. Call for details.

    Nicole Golino Nino Trujillo & Company, Inc.

    0 Tierra Verde Cir, Elephant Butte, NM 87935
  • 1 Cedar Valley Blvd, Elephant Butte, NM 87935
    1 Cedar Valley Blvd, Elephant Butte, NM 87935
    /2

    $2,043,800 Lot/Land

    1 Cedar Valley Blvd, Elephant Butte, NM 87935

    • 6.43 Acres
    • $317,854 per Acre

    Great Investment opportunity! There is a total of 477 Lots +/-

    Helen Lyon CRIPPLE CREEK REALTY, LLC

    1 Cedar Valley Blvd, Elephant Butte, NM 87935
  • LOT 621 Greer Ln, Elephant Butte, NM 87935
    LOT 621 Greer Ln, Elephant Butte, NM 87935
    /2

    $9,950 Lot/Land

    LOT 621 Greer Ln, Elephant Butte, NM 87935

    • 2.43 Acres
    • $4,095 per Acre

    2.43 Acre lot in Lakeshore Highlands. Just minutes from elephant Butte Lake. Build your dream home

    Rachel Woodard HOMESTEADERS REALTY

    LOT 621 Greer Ln, Elephant Butte, NM 87935
  • 406 Skyline Dr, Elephant Butte, NM 87935
    406 Skyline Dr, Elephant Butte, NM 87935
    /2

    $32,000 Lot/Land

    406 Skyline Dr, Elephant Butte, NM 87935

    • 0.25 Acre
    • $128,000 per Acre

    Great location close to Elephant Butte Lake! Nice size lot ready to build.

    OMEGA GUZMAN Sea Properties Ltd

    406 Skyline Dr, Elephant Butte, NM 87935
  • 1003 Skyline Dr, Elephant Butte, NM 87935
    1003 Skyline Dr, Elephant Butte, NM 87935
    1003 Skyline Dr, Elephant Butte, NM 87935
    /3

    $33,900 Lot/Land

    1003 Skyline Dr, Elephant Butte, NM 87935

    • 0.49 Acre
    • $69,184 per Acre

    GREAT LAKE LOT (.49 AC) IN ESTABLISHED NEIGHBORHOOD - PRIVATE AND STILL CLOSE TO ALL LAKE ACTIVITIES - NO UTILITIES ON SITE BUT AVAILABLE. PAVED ROAD - SELLER FINANCING POSSIBLE WITH TERMS ACCEPTABLE TO SELLER. BUILD YOUR DREAM HOME IN THIS GREAT LOCATION.

    Andrea Freeman DESERT LAKES REALTY

    1003 Skyline Dr, Elephant Butte, NM 87935
  • 204 Olympic St, Elephant Butte, NM 87935
    204 Olympic St, Elephant Butte, NM 87935
    204 Olympic St, Elephant Butte, NM 87935
    /3

    $55,000 Lot/Land

    204 Olympic St, Elephant Butte, NM 87935

    • 0.26 Acre
    • $211,538 per Acre

    Karla Resendiz LPT Realty

    204 Olympic St, Elephant Butte, NM 87935
New Homes New Mexico Elephant Butte

New Homes & Communities in Elephant Butte

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Elephant Butte, NM usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Elephant Butte, NM hold their value?
Yes, especially in fast-growing areas of Elephant Butte, NM. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Elephant Butte, NM

On average, homes in Elephant Butte, NM sell after 84 days on the market compared to the national average of 55 days. The median sale price for homes in Elephant Butte, NM over the last 12 months is $309,000, up 17% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$309,000
Median Single Family Sale Price
$280,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
17
Last 12 months Home Sales
26
Months of Supply
7.80
Median List Price
$349,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
17%
How to Buy a Home How to Finance a Home How to Sell a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group