State Highway 55 - Land
Estancia, NM, 87016 $ 595,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 4,110
for $595,000. The lot size is 640.
Offered at approximately $930 per acre -- a full section of around 640 acres (one square mile) nestled in New Mexico's Estancia Valley.Own your view, your quiet, and the distance to the next house. This is a peaceful rural setting with real room to roam: you can ride or walk for hours and still be on your own land. Use it as a tranquil retreat to build a dream home, a working cattle or horse ranch, a long-term investment, or all three.The landA rare contiguous square mile with paved NM Highway 55 frontage on one side and gravel county roads on the other three, so you have easy year-round access and multiple entry points. Perimeter fencing is already in place on all four sides -- a solid foundation for livestock. Wide-open valley space, privacy, and the kind of silence that is hard to find.ImprovementsTwo double-car concrete-block garage/shops give you usable covered space from day one for equipment, tools, or a ranch headquarters.Three wells are on the property (buyer to verify condition, production, and any permits): One well has a pump, pressure tank, well house, and cattle trough. Running water has been observed; the well itself has not been professionally inspected. A second well has power, a pump, and a cattle trough. There is no pressure tank. Water status is unverified. A third well is equipped with a windmill pump, with no electric power or pressure tank. Water status is unverified and the system may need repair.Homesite noteThe original homestead building has been abandoned for decades. It is uninhabitable and unsafe to enter: the roof leaks, the floors are unstable, and it is not salvageable. The septic system, if any, is unknown and is assumed to be unpermitted. Plan on a new homesite building and new waste system if you intend to live on the land.Why it worksA full section with highway frontage, county-road access on three sides, existing shops, fencing, and multiple water sources is uncommon in the Estancia Valley. Build the house you have been picturing, run cattle, keep horses, hold the land as an investment, or simply control a square mile of New Mexico.This appears to be zoned AP-10, so may be able to be subdivided into smaller lots with proper application and approval from Torrance County. Buyer to verify.Buyer to independently verify wells, water rights, fencing, access, septic, utilities, and all improvements. Do not enter the old homestead building.
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FeaturesGeneralSewer None
Utilities Cable Not Available Electricity Connected Natural Gas Not Available Water Available Water Connected Sewer Not Available
Possession Closing & Funding
Topography Level
Township 6N
Current Use Agricultural Unimproved
County Torrance
Property Type Land
Subdivision Name n/a
Possible Use Agricultural Unimproved
Other Structures Outbuilding
Status Active
Directions From Albuquerque take I-40 E. Go for approximately 35 mi.Take exit 196 toward NM-41/Howard Cavasos Blvd. Turn right onto Howard Cavasos Blvd N (NM-41) toward Estancia. Go for 17.2 mi.Turn right on NM-55. Go approximately 5 miles. Section 7 is on the right. The first corner is at Bluegrass and Hwy 55. The other sides are Peacock Road and Alan Ayers Road West.
City Estancia
Disclosures RANM 2100 Disclosure
Zoning Description AP
MLS Area 292 - Estancia McIntosh
Lot Size Square Feet 27878400
Listing Terms Cash Conventional Owner May Carry
Tax Annual Amount 54.24
Standard Status Active
Tax Lot n/a
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ExteriorFencing Wire
Lot Features Meadow Views Acreage Stream/Creek
Water Source Private Well
Lot Size Acres 640
Road Surface Type Graded Gravel
Lot Size Source Public Records
Number of Lots 4
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* Excluded FeaturesList ByClint HanleyListing Agent
The Sanchez Group RealtyBroker
clint@mynmrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,110
- Monthly Property Taxes
- $5
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Estancia, NM
Average List Price $96,177
Percent of Sale Price 84%
About Estancia, NM 1,599 Population
44% Since 2002
$ 32,604 Median Income
35.25 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/15/2026 | $595,000 | -7.75% | Price Down |
| 8/12/2026 | $645,000 | -7.19% | Price Down |
| 7/3/2026 | $695,000 | -6.71% | Price Down |
| 6/1/2026 | $745,000 | -6.29% | Price Down |
| 4/26/2026 | $795,000 | -5.92% | Price Down |
| 3/18/2026 | $845,000 | -5.59% | Price Down |
| 1/30/2026 | $895,000 | | Listed Price |