31 Underwood Blvd, Elephant Butte, NM, 87935
About This Home
Location Location. Well maintained site built 2 BR 1 3/4 bath home in prestigious Lakeshore Highlands. Just minutes to Elephant Butte Lake. Property offers lake views, private well, new roof, covered patio. Storage shed. Oversized extended 2 car garage with a built in workshop, cabinets & new skylights. Laundry room includes new skylight. Plenty of room to expand on this 1.2 acre lot. Horses allowed.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1996
Materials
- Foundation: Slab
- Roof: Pitched,Shingle
- Construction materials: Frame,Stucco
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dryer,Microwave,Free-Standing Range,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s)
- Flooring: Carpet,Tile
Heating & Cooling
- Heating features: Forced Air,Propane
- Cooling features: Evaporative Cooling,Central Air
Interior Area
- Total structure area: 1,109
- Total interior livable area: 1,109 sqft
Property
Details
- Parcel number: 3019070104033
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio Covered
- Horses can be raised: Yes
Lot
- Lot size: 1.20 Acres
Parking
- Total spaces: 2
- Parking features: Attached,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
- 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 | $1,491 | $17,892 |
| Home Insurance * | $263 | $3,156 |
| Property Taxes | $140 | $1,680 |
| Electricity | $148 | $1,780 |
| Total | $2,042 | $24,504 |
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 |
|---|---|---|
| 2026-03-20 | Listed for sale | $314,900 |
View on Zillow