513 Acres in Las Cruces, NM - $9,300,000
Mesilla Valley Farm
Harris Farms
Rare offering of 513 +/- acres less than 3 miles from Las Cruces, NM, with incredible potential for farming or development. Panoramic views from the farm include the Organ Mountains and Picacho Peak. The proximity of the farm to the high-end Raasaf Hills Subdivision and Old Mesilla, the premier destination for southwest-living, enhances the developmental appeal.
Prime irrigated land makes the farm an excellent candidate for an equestrian development. The farm has 1 mile of frontage along the Rio Grande River with a 138-acre Conservation Easement.
Golf enthusiasts will be delighted to be conveniently near Picacho Hills Country Club (5 miles), the NMSU Golf Course (5 miles) and the Sonoma Ranch Golf Course (12 miles). With easy access off I-10, the farm is conveniently located less than 2 miles from historic Mesilla, NM, and approximately 45 miles...
Golf enthusiasts will be delighted to be conveniently near Picacho Hills Country Club (5 miles), the NMSU Golf Course (5 miles) and the Sonoma Ranch Golf Course (12 miles). With easy access off I-10, the farm is conveniently located less than 2 miles from historic Mesilla, NM, and approximately 45 miles from El Paso, TX.
The Mesilla Valley is well-known for its lucrative pecan orchards and vegetable crops such as green chile, lettuce, cabbage and onions. Alfalfa crops also bring a premium price at nearby dairies. The owner rotates the above-mentioned crops with high-quality cotton. Current leases for custom farming bring $250-300/acre, facilitating development of the farm in phases while maintaining agricultural-use zoning.
The farm boasts some of the best water rights in the area: 90+/- acres have primary groundwater rights which may be transferred within the basin or sold separately. The farm has 300 +/- acres Elephant Butte Irrigation District surface water rights (1906 priority) with all development rights intact. Three irrigation wells are supplemental to the surface water rights. Two domestic wells service a 3200 +/- SF home, and the farm also has a commercial water rights package.
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More by Paula Verona Madappa
