28 Arabian Ln, Truth Or Consequences, NM, 87901
About This Home
Sharp 4 bedroom 3.5 Bath home in Lakeshore Highlands, Elephant Butte NM on 1.2 Acre Lot. Home is currently used as a Vacation Rental on both VRBO and airbnb. Bring the whole family to this great place with lots of room for fun. The 1 acre lot to the north is also available if you need more space. There are horses in Lakeshore Highlands. RV electric on South side of yard. Seller will consider real estate exchange offers for equity of about $300K. Prefer vacant land. Brokers welcome!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1992
Materials
- Foundation: Concrete
- Roof: Asphalt
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Flooring: Other,Carpet,Laminate
Heating & Cooling
- Heating features: Heat pump,Radiant,Electric,Propane / Butane
- Cooling features: Refrigerator,Other
Interior Area
- Total interior livable area: 2,912 sqft
Property
Details
- Parcel number: 3019069043489
Features
- Exterior features: Stucco
- Has view: Yes
- View description: Park,Water,Mountain
- Has water view: Yes
- Water view: Water
Lot
- Lot size: 1.20 Acres
Parking
- Total spaces: 10
- Parking features: Off-street
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 | $3,210 | $38,520 |
| Home Insurance * | $498 | $5,976 |
| Property Taxes | $301 | $3,612 |
| Electricity | $207 | $2,484 |
| Total | $4,216 | $50,592 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-10 | Listed for sale | $599,000 |
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