← New search
Taos County, NM · Sold

NM-597788

8808 County Road 389

$590,500
$1,444/ac · 409 ac
Acreage409 ac
Price per acre$1,444/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedDec 31, 2024
Coordinates36.6539, -105.7563
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Taos County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Taos market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
30
Moderate risk
Wetlands1.7% of tract

Little to no mapped wetland coverage.

Average slope27.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,326 ft of deeded road frontage.

Power5,626 ft away

A long utility run — price in solar/off-grid instead.

Buildable area241.15 of 408.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$458,996
$362,089$555,902 · $1,123/ac on 409 ac
Asking vs estimate
+28.7%
Priced above the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $590,500
Maximum allowable offer
$262,283
$641/ac · +30.0% target margin

You need $328,217 off asking to hit this margin.

All-in cost$284,577
Net resale$422,276
Projected profit$137,699
ROI+48.4%
Annualized+69.2%
Break-even resale$757/ac
Profit if resale lands off target
-20%
$53,244
-10%
$95,471
0%
$137,699
+10%
$179,926
+20%
$222,154
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-487665
Dirt · Power at road
374.0Jul 27, 2026$281,2007528565.3 mi
84
NM-578154
Paved · Power at road
533.0Jun 3, 2026$753,7001,4141,31313.0 mi
82
NM-138448
Gravel · Off grid
659.5Apr 23, 2026$598,3009071,2538.3 mi
75
NM-978975
Landlocked · Off grid
966.1Jul 27, 2026$409,1004239578.5 mi
72
NM-517348
Gravel · Power at road
297.3Sep 22, 2025$280,50094489412.7 mi
69
NM-868310
Dirt · Off grid
596.8Dec 3, 2024$543,7009111,50113.6 mi
65
Show adjustment detail for the top comp
  • Tract size (374 ac → 408.86 ac)-2.6%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Power at road → Off grid)-15.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.