$335,000
Year-round home with a screened porch
4 bd3 ba
2,000 sqft
80 ft shore
Single-slip stationary
$4,188/ft
Peninsula lot with water on three sides on Elephant Butte Reservoir. Roughly 180 feet of owned shoreline on 2.91 acres, with 4 bedrooms across 4,050 square feet. Single-slip stationary. Water clarity on Elephant Butte Reservoir averages around 8 feet and the lake is classified volatile for water level. Dock and shoreline work fall under NM State Parks. This is a sample listing used to demonstrate the platform.
| Down payment | $144,000 |
| Closing costs (est. 2.4%) | $17,280 |
| Septic inspection & pump | $850 |
| Water quality testing | $400 |
| Waterfront home inspection | $800 |
| Survey (shoreline frontage) | $1,200 |
| Total | $164,530 |
| Principal & interest | $45,522 |
| Property taxes | $11,283 |
| Hazard insurance | $3,024 |
| Flood insurance | $2,400 |
| Utilities | $5,468 |
| Maintenance reserve (1.1%) | $7,920 |
| Septic service | $520 |
| Well & water testing | $260 |
| Dock maintenance | $900 |
| Winterization / seasonal close | $750 |
| Shoreline / seawall reserve | $1,080 |
| Total | $79,127 |