This beautiful and unique 1.39 acre luxury home site at 3000 Mesilla Verde Terrace, Las Cruces NM is nestled in a pecan orchard near historic Old Mesilla. This lovely subdivision of Mesilla Verde Estates, comprised of 12 lots in a lush pecan orchard, boasts some of the most beautiful homes in the Mesilla Valley. Build your ultimate dream home in the peaceful shade of stately pecan trees! Utilities include underground electric, natural gas, Town of Mesilla water & sewer.
This lot has 30 producing pecan trees, some of which are 50 years old, generating income of approximately $10,000 per year. As an unimproved property with the pecan trees, this lot qualifies at a farm tax rate, (less than $10 per year) and remains a good income-producing property until such time as the new owners are ready to build their dream home on it. Hold this property for a few years: you’ll get a better ROI than a rental property of the same price! Imagine owning one of the most beautiful home sites in the Mesilla Valley, and it pays for itself!
There is a shared well agreement for a 200 ft well with a 3 phase electric motor for irrigation. In addition, this lot has special EBID rights with Farm Rate status, meaning additional water can be leased from other farmers (last year this lot was watered 4 times while others only were watered once. EBID water has less salt than ground water from a well, and is therefore helps yield a better crop.
The subdivision was part of a larger orchard that extends north. In order to receive permission to have less than 5 acre minimum lot size required by the town of Mesilla, the developer went through a cluster zoning application placing12 lots on approximately 20 acres of the orchard. The remaining part of the orchard borders the subdivision on the north and under the terms of the permit with Mesilla, must forever remain as a pecan orchard.
This lovely home site at 3000 Mesilla Verde Terrace, Las Cruces NM is in the Town of Mesilla, near the historic Old Mesilla plaza, and excellent restaurants and shops.