501 Springland Blvd, Elephant Butte, NM, 87935
About This Home
Spacious 5-bedroom, 3-bath home located just minutes from the lake! This completely fenced property offers plenty of space both inside and out. Enjoy cozy evenings in the living room featuring a fireplace, or relax outside on the deck overlooking the property. The versatile game room/den provides extra space for entertaining, a home office, or a second living area. With room for everyone and a great location near the water, this property is perfect for full-time living or a weekend getaway.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1986
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet,Laminate,Tile
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,080
- Total interior livable area: 2,080 sqft
Property
Details
- Parcel number: 2932953676455
Features
- Stories: 2
- Topography of land: Irregular Lot
Lot
- Lot size: 0.50 Acres
Parking
- Total spaces: 2
- Parking features: Garage,Carport
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Inland Flooding
- Winter Weather
- Cold Wave
- Drought
- Hail
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Sierra County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,966 | $23,592 |
| Home Insurance * | $347 | $4,164 |
| Property Taxes | $184 | $2,208 |
| Electricity | $148 | $1,780 |
| Total | $2,645 | $31,740 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-15 | Listed for sale | $389,000 |
View on Zillow