Real Estate Investment Properties for Sale in Elephant Butte, NM

Looking for investment property in Elephant Butte, NM with high ROI ?

Explore a variety of short-term homes & houses in Elephant Butte, NM. Invest wisely with VRBO & Elephant Butte, NM Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Elephant Butte, NM

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
106 Knox Drive Elephant Butte, NM This charming 3 bed 2 bath 1822 sf ft home located in Elephant Butte offers a relaxing scr...	3 beds \| 2 baths \| 1,822 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A Traditional ROI: 6.17%
707 Erie Avenue Elephant Butte, NM Built in 2006, this 3 bed 2 bath home located in Elephant Butte boasts 2,079 sq ft and sit...	3 beds \| 2 baths \| 2,079 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2301 Airbnb ROI: N/A Traditional ROI: 5.17%
209 Ave Nido Loop Elephant Butte, NM PANORAMIC VIEWS TO ENJOY FROM INDOORS OR THE COVERED PATIO OUTDOORS! THIS 3 BEDROOM, 2 1/2...	3 beds \| 3 baths \| 2,114 sq.ft.	$459,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2501 Airbnb ROI: N/A Traditional ROI: 3.7%
107 Pajaritos Drive Elephant Butte, NM Beautiful Tuscan home, perfectly situated in Villa Tuscano of Elephant Buttes Turtleback M...	3 beds \| 3 baths \| 2,545 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $2413 Airbnb ROI: N/A Traditional ROI: 3.1%
109 Canon Del Luna Road Elephant Butte, NM Wake up to sweeping mountain light and panoramic views in this Spanish Mission estate perc...	3 beds \| 6 baths \| 5,411 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $5221 Airbnb ROI: N/A Traditional ROI: 3.03%
103 Cuchicco Court Elephant Butte, NM This wonderful 1.25-acre property has two entrances with a carport, and plenty of room for...	3 beds \| 2 baths \| 1,747 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.06% Airbnb Rental Income: $null Traditional Rental Income: $2669 Airbnb ROI: N/A Traditional ROI: 9.06%
300 CATFISH Road Elephant Butte, NM Lake living at its finest! This stunning lake house off Hot Springs RD offers soaring ceil...	4 beds \| 4 baths \| 3,289 sq.ft.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.98% Airbnb Rental Income: $null Traditional Rental Income: $3514 Airbnb ROI: N/A Traditional ROI: 0.98%
312 Ocotillo Drive Elephant Butte, NM Nice double wide with double lot property! Granite countertops in the kitchen and bathroom...	3 beds \| 2 baths \| 1,960 sq.ft.	$194,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2079 Airbnb ROI: N/A Traditional ROI: 9.36%
506 Catfish Road Elephant Butte, NM Exceptional Lakefront Property with Panoramic Elephant Butte Lake Views Discover the perfe...	2 beds \| 2 baths \| 1,941 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.2% Airbnb Rental Income: $null Traditional Rental Income: $2425 Airbnb ROI: N/A Traditional ROI: 7.2%
114 Canadian Circle Street Elephant Butte, NM Live, work, & entertain in this delightful open concept 3-bedroom 2-bath home with an abun...	3 beds \| 2 baths \| 1,700 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2072 Airbnb ROI: N/A Traditional ROI: 5.01%
516 Pike Road Elephant Butte, NM Beautiful views of Elephant Butte Lake from this 0.47 acre lot. 2240 sq ft 4 bedroom 2.5 b...	4 beds \| 3 baths \| 2,240 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2766 Airbnb ROI: N/A Traditional ROI: 9.36%
11 Arabian Lane Elephant Butte, NM Stunning 2-Story Home with Walk-Out Basement on 2.7 Acres - Lake & Mountain Views! Don't m...	4 beds \| 3 baths \| 3,281 sq.ft.	$530,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.73% Airbnb Rental Income: $null Traditional Rental Income: $2861 Airbnb ROI: N/A Traditional ROI: 3.73%
106 La Puntas Elephant Butte, NM Experience the best of New Mexico living in this Tuscan-style 3-bedroom, 2.5-bath home ove...	3 beds \| 3 baths \| 2,622 sq.ft.	$560,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.21% Airbnb Rental Income: $null Traditional Rental Income: $2875 Airbnb ROI: N/A Traditional ROI: 3.21%
105 La Punta Road Elephant Butte, NM WELCOME TO YOUR DREAM ESCAPE AT THE MOST AFFORDABLE ASKING PRICE IN ELEPHANT BUTTE'S PREST...	2 beds \| 2 baths \| 1,685 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $2171 Airbnb ROI: N/A Traditional ROI: 4.81%
304 Ocotillo Drive Elephant Butte, NM This very well maintained 2018 Champion 1,216 sq ft 3 bed 2 bath home located in Elephant ...	3 beds \| 2 baths \| 1,216 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $1604 Airbnb ROI: N/A Traditional ROI: 6.11%
33 Greer Lane Elephant Butte, NM This modular home, built in 2004, sits on 1.75 acres, and offers ample space, with both la...	2 beds \| 2 baths \| 1,506 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $1960 Airbnb ROI: N/A Traditional ROI: 4.4%
317 Ocotillo Drive Elephant Butte, NM Mountain Views & Modern Comfort: Your Perfect Retreat Awaits Imagine waking up each mornin...	2 beds \| 2 baths \| 960 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 4.88%
779 181 Highway Elephant Butte, NM Total SF: +/-5,906 (4 buildings). Live work and play! Office has porcelain tile throughout...	3 beds \| 1 baths \| 5,906 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $1917 Airbnb ROI: N/A Traditional ROI: 3.09%
526 Lakeshore Drive Elephant Butte, NM THIS PROPERTY HAS A SURPRISE FOR YOU! FOUR YEARS NEW, IMMACULATE INSIDE AND OUT, TASTEFULL...	3 beds \| 2 baths \| 1,960 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2259 Airbnb ROI: N/A Traditional ROI: 5.23%
34 Underwood Place Elephant Butte, NM STEP INTO A WORLD WHERE ANCIENT ELEGANCE MEETS MODERN COMFORT IN THIS STUNNING PROPERTY, M...	3 beds \| 4 baths \| 2,515 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.89% Airbnb Rental Income: $null Traditional Rental Income: $2521 Airbnb ROI: N/A Traditional ROI: 2.89%
420 San Mateo Elephant Butte, NM This 3 bed 2 bath 1997 1152 sq ft Cavco double wide manufactured home backs up to the BLM....	3 beds \| 2 baths \| 1,152 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 9.36%
605 Hawthorne Drive Elephant Butte, NM WOULD YOU LIKE A NEW, NEVER LIVED IN HOME AT ELEPHANT BUTTE? THIS 2024 MFG HOME WITH 3BR, ...	3 beds \| 2 baths \| 1,344 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 6.09%

Real Estate investment in Elephant-butte, NM

There are 22 properties for sale in the city of Elephant Butte . The median list price in Elephant Butte is $335,000 and the average price per square foot is $141. In February 2026, the average monthly cash on cash return in Elephant Butte is 4.00%. The average monthly rental income in Elephant Butte is $2,079.

Elephant-butte, NM Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Elephant-butte.

In 2026, the best neighborhood to buy investment property is Elephant Butte.

The ROI for Short-Term is higher than the Long-Term in Elephant-butte with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Elephant Butte, NM

106 Knox Drive

Elephant Butte, NM

3 beds | 2 baths | 1,822 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2115

Airbnb ROI: N/A

Traditional ROI: 6.17%

707 Erie Avenue

Elephant Butte, NM

3 beds | 2 baths | 2,079 sq.ft.

$330,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2301

Airbnb ROI: N/A

Traditional ROI: 5.17%

209 Ave Nido Loop

Elephant Butte, NM

3 beds | 3 baths | 2,114 sq.ft.

$459,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2501

Airbnb ROI: N/A

Traditional ROI: 3.7%

107 Pajaritos Drive

Elephant Butte, NM

3 beds | 3 baths | 2,545 sq.ft.

$519,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.1%

Airbnb Rental Income: $null

Traditional Rental Income: $2413

Airbnb ROI: N/A

Traditional ROI: 3.1%

109 Canon Del Luna Road

Elephant Butte, NM

3 beds | 6 baths | 5,411 sq.ft.

$1,200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.03%

Airbnb Rental Income: $null

Traditional Rental Income: $5221

Airbnb ROI: N/A

Traditional ROI: 3.03%

103 Cuchicco Court

Elephant Butte, NM

3 beds | 2 baths | 1,747 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2669

Airbnb ROI: N/A

Traditional ROI: 9.06%

300 CATFISH Road

Elephant Butte, NM

4 beds | 4 baths | 3,289 sq.ft.

$1,450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.98%

Airbnb Rental Income: $null

Traditional Rental Income: $3514

Airbnb ROI: N/A

Traditional ROI: 0.98%

312 Ocotillo Drive

Elephant Butte, NM

3 beds | 2 baths | 1,960 sq.ft.

$194,500

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2079

Airbnb ROI: N/A