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3 Beds
2 Baths
900 sqft

$549,900

1604 Juan Perea Road, Los Lunas NM, 87031

Price per sqft$611.00
Built in1959
Property size900 sqft
Property typeResidential
Courtesy of Equity New Mexico

Overview

Active

Listed Apr 10, 2026

Updated Sep 1

Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here.Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention.You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,

$3,658/mo

Est. mortgage payment based on a $549,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1101420

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1 Acre

Other Property Details

Taxes
$599
Tax Frequency
Annually
Garage
Yes
MLS provider logo

The information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Steffan Walters shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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