4750 Del Rey Boulevard, Las Cruces, NM 88012

Property Description

Desert Isles is an approved, and already platted Subdivision in the City of Las Cruces. The location is the corner of Del Rey Blvd. and Tucson Ave. With homes for sale at a high point and inventory at an all-time low, there is now is a need for new homes. Las Cruces has experienced another growth spurt similar to the early 2000's. The most popular price point for a home is $200,000 to $300,000. Builders are selling new homes before they are completed.Here is an opportunity for a developer, investor, or home builder to have a property with a $$$$$$million return on their investment. The platted subdivision has sixty-nine (69) lots available per the approval from the city of Las Cruces. Currently most finished lots are between 5000 square feet to 8500 square feet. The finished lots in Desert Isles will be approximately 14,400 square feet. That allows a larger home, or more importantly more distance between homes. With the finished lot price of approximately $52,000, at current pricing,