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506 Bass Rd, Elephant Butte, NM, 87935

3beds
2baths
1,037sqft
$239,000
$230price/sqft
$1,682/moest. monthly cost
$67,280/yrincome needed

About This Home

Enjoy the best of Southwest living in this beautifully remodeled 3-bedroom, 2-bath manufactured home situated on a spacious 0.55-acre lot. Located just minutes from Elephant Butte Lake, this property offers the perfect blend of comfort, convenience, and outdoor recreation. With the state park directly behind the home, you'll enjoy added privacy and quick access to boating, fishing, hiking, and everything the lake has to offer. The large lot provides plenty of room to park your boats, RVs, ATVs, and other lake toys. Relax on the covered deck while taking in beautiful views of Turtleback Mountain, or take advantage of the two storage sheds for all your outdoor gear and tools. Whether you're looking for a full-time residence, a weekend getaway, or an investment property near the lake, this move-in-ready home is one you won't want to miss!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

5/10
Sierra Elementary SchoolGrades 4-54.4 mi
4/10
T Or C Middle SchoolGrades 6-84.5 mi
5/10
Hot Springs High SchoolGrades 9-124.6 mi

Construction

Condition

  • Year built: 1969

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s)
  • Flooring: Laminate

Heating & Cooling

  • Heating features: Split Unit
  • Cooling features: Refrigerated

Interior Area

  • Total structure area: 1,037
  • Total interior livable area: 1,037 sqft

Property

Details

  • Parcel number: 3019073451386

Features

  • Patio & porch: Covered
  • Exterior features: Covered,Storage Shed
  • Fencing: Cross Fenced
  • Topography of land: Cross Fenced
  • Residential vegetation: Native/Natural

Lot

  • Lot size: 0.54 Acres

Parking

  • Parking features: RV Access/Parking

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
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Winter Weather
Cold Wave
Drought
Hail
Wildfire

FEMA Declared Disasters in Sierra County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $1,208$14,496
Home Insurance *$213$2,556
Property Taxes $113$1,356
Electricity $148$1,780
Total$1,682$20,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,668/yr
40% on housing$50,460/yr
45% on housing$44,853/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -3.5%
-3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$230This listing

vs Other Active Listings

Avg $/sqft

ZIP 87935$154
Sierra County$121

vs Homes Sold Last Month

Median $/sqft

ZIP 87935
Sierra County$147

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

DateEventPrice
2026-07-08Listed for sale$239,000

For Sale by Agent

AgentCheryl A Shipley
BrokerageRio Mesa Realty

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