507 Ontario Dr, Elephant Butte, NM, 87935
About This Home
Have you been waiting for a home close to the lake......Welcome to 507 ONTARIO LOCATED IN ELEPHANT BUTTE , NEW MEXICO. You will love this spacious and inviting home with its own detached 2 car garage and an amazing 18' x 60' RV/Boat shopfor all your toys. Home is nestled in a quiet neighborhood within a hop skip, and jump to Elephant Butte Lake! The 1880-sq-ftmain house features three generously sized bedrooms and two bathrooms, that have been remodeled. Two welcoming livingareas flow naturally into a beautifully remodeled kitchen and dining room. Lots cabinets space in kitchen and a roomy laundryroom. The detached 768-sq-ft 2 car garage has a patio are off the back to enjoy and evening BBQ and relaxation.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Roof: Pitched
- Construction materials: Block - Cinder
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Fireplace
- Flooring: Carpet,Laminate,Vinyl,Wood
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,881
- Total interior livable area: 1,881 sqft
Property
Details
- Parcel number: 3020074197143
Lot
- Lot size: 0.50 Acres
Parking
- Total spaces: 4
- Parking features: Garage,Open
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Has uncovered spaces: Yes
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 | $1,390 | $16,680 |
| Home Insurance * | $245 | $2,940 |
| Property Taxes | $130 | $1,560 |
| Electricity | $148 | $1,780 |
| Total | $1,913 | $22,956 |
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 |
|---|---|---|
| 2026-06-05 | Listed for sale | $275,000 |
| 2026-01-01 | Listing removed | $299,000 |
| 2025-10-06 | Listed for sale | $299,000 |
| 2019-08-20 | Sold | -- |
| 2019-07-31 | Pending sale | $79,900 |
| 2019-07-13 | Price change | $79,900 |
| 2019-07-11 | Price change | $74,900 |
| 2019-05-07 | Price change | $94,900 |
| 2019-04-12 | Price change | $99,900 |
| 2019-03-17 | Price change | $109,900 |
| 2019-02-12 | Price change | $119,900 |
| 2019-01-08 | Price change | $124,900 |
| 2018-12-11 | Listed for sale | $129,000 |
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