Estancia Ranchettes Unit 7 Block 4 Lot 35; 1 Acre just east of Albuquerque, New Mexico Cash Price: $1,700.00!! The Estancia Ranchettes is a very easy subdivision to locate just east of the town of Moriarty off of Interstate 40. It is a large subdivision with a few residents sprinkled about but for the most part remains undeveloped. There are stunning sunsets over the Sandia Mountains to the west! Sandia is Spanish for watermelon. The subdivision is gentle rolling hills with scattered sagebrush, native plants and grasses. There are cows roaming about. I have driven many of the roads in the subdivision and it appears that they were all bladed when it was subdivided and many of the lots still have the pins. There is a bit of junk at the beginning of the subdivision but nothing that a couple hard days work wouldn't clean up. All of the pictures are representations of the area that I took while visiting the subdivision. We do not have pictures of the actual property. Located only a half hour east of Albuquerque, this area continues to grow. A tax sale in the fall of 2006 saw lots in this subdivision sell for $3000 so be sure and check this out! In May of 2007 the owner of the Downs at Albuquerque New Mexico asked the state racing commission to move the track to a new site in Moriarty NM at the NE4 of the junction of I40 and SR41. The proposal to build a new facility includes a hotel, racetrack, and casino and entertainment venue. From the news articles I read it sounds like there was both support and opposition at the meeting. In the end it was decided the issue would be tabled for several weeks to study it further. The north entrance to the largely undeveloped Estancia Ranchettes subdivision sits about seven miles east along I40. With the new Wal-Mart going in down the road in Edgewood and this proposal before the state racing committee it is exciting to see what will happen to the land prices in this area. I first wholesaled these lots about 4-5 years ago for about $50
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
