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520 Trout Rd, Elephant Butte, NM, 87935

1beds
1baths
528sqft
$110,000
$208price/sqft
$854/moest. monthly cost
$34,160/yrincome needed

About This Home

LAKE VIEW LOCATION - .39 ACRE W/BEAUTIFUL LAKE VIEWS. PERFECT AS A WEEKEND GETAWAY OR AS THE SITE FOR YOUR FUTURE CUSTOM LAKE RETREAT. CURRENTLY FEATURES A 1977 TRAVEL TRAILER OFFERING LR, KIT. W/APPLIANCES, FULL BATH & BR. ATTACHED BONUS (DEN/FAM. RM.) W/WOOD BURNING STOVE & COVERED PATIO EXTENDS LIVING SPACE. PROPERTY ALSO INCLUDES A DETACHED 2-CAR BOAT/RV GARAGE (28' X 28'). GREAT POTENTIAL IN THIS LAKE LOCATION. "AS IS" SALE.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

5/10
Sierra Elementary SchoolGrades 4-54.5 mi
4/10
T Or C Middle SchoolGrades 6-84.7 mi
5/10
Hot Springs High SchoolGrades 9-124.7 mi

Construction

Condition

  • Year built: 1977

Materials

  • Foundation: Slab
  • Roof: Metal,Other
  • Construction materials: Frame,Siding,Other,Unknown

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other

Interior

Appliances

  • Appliances included: Range Hood,Free-Standing Range,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet,Vinyl,Wood
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Wood Burning Stove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Propane,Wood Stove
  • Cooling features: Electric,Window Unit(s)

Interior Area

  • Total structure area: 528
  • Total interior livable area: 528 sqft

Property

Details

  • Parcel number: 3019073482301 #7999
  • Zoning description: R3

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio Covered
  • Fencing: Back Yard,Chain Link,Wire,Fenced

Lot

  • Lot size: 0.39 Acres

Parking

  • Total spaces: 2
  • Parking features: Detached,RV Access/Parking
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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 $556$6,672
Home Insurance *$98$1,176
Property Taxes $52$624
Electricity $148$1,780
Total$854$10,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$29,280/yr
40% on housing$25,620/yr
45% on housing$22,773/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

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 87935$161
Sierra County$123

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)

No zestimate history available

Price History

DateEventPrice
2026-03-26Price change$130,000
2025-12-15Listed for sale$154,500

For Sale by Agent

AgentAndrea Freeman
BrokerageDesert Lakes Realty

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