78 Drake Road
Edgewood, NM 87015
3
Bed
2
Bath
1,190Sqft
40Acres(Lot)
Seller financing available with below-market rates for qualified buyers. Ask about financing that may make ownership more affordable than many rental options. Rare opportunity to own 40 usable acres in Edgewood with the water, infrastructure, and improvements already in place to start enjoying country living from day one. A private 600' well producing approximately 25 GPM feeds a 3,000-gallon cistern, complemented by a conventional septic system and an established garden area with drip irrigation and timers. The clean, well-maintained 2016 Clayton home is situated on a permanent foundation and offers 3 BR / 2 BA with refrigerated A/C, electric forced-air heat, and a woodstove for backup heat and ambiance. Recent improvements include a metal roof, water heater, refrigerator, and carpet. Whe
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2 -
Flooring Information
Carpet, Vinyl -
Roofing Information
Metal -
Interior Features
Ceiling Fan(s), Kitchen Island, Master Downstairs Roof: Metal Appliances: Dishwasher, Free-Standing Electric Range, Refrigerator Laundry Features: Electric Dryer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Wood Stove, Electric, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s)
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Building Information
Year Built: 2016 Building Area Total: 1190 Stories: 1 Private Pool: No -
Exterior Features
Exterior Features: Private Yard
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Lot Information
Lot Size Acres: 40 Lot Size Source: Public Records Lot Size Square Feet: 1742400 Lot Description: Views
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Listing Price Information
Listing Price: $384900 Original Price: $439000 Cash, Conventional, FHA, Owner May Carry, VA Loan
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Tax Information
Parcel Number: 096008482 Annual Tax: $824.45
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Virtual Tour
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School Information
Elementary School: South MountainJunior High School: EdgewoodSenior High School: Moriarty -
Utility Information
Electricity Connected -
Location Information
Direction: Follow I-40 E to NM-344 N in Edgewood. Take exit 187. Follow NM-344 N to Drake Rd. Turn right onto Drake Rd. 78 Drake Rd. will be on the left. WaterSource: Private, Well
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5 Dunkin Road, Edgewood, NM, 87015 | $349,000 | 4 | 2 | 1,700 | 1.06 Acres |
| 1 Dunkin Road, Edgewood, NM, 87015 | $375,000 | 4 | 3 | 1,820 | 1.44 Acres |
| 4 Forest Court, Edgewood, NM, 87015 | $325,000 | 5 | 2 | 2,052 | 1.10 Acres |
| 25 Quail Run East, Edgewood, NM, 87015 | $170,000 | 2 | 2 | 920 | 0.82 Acre |
| 10 Thunderchief Lane, Edgewood, NM, 87015 | $223,000 | 3 | 2 | 1,512 | 0.89 Acre |
| 9 Quail Run, Edgewood, NM, 87015 | $240,000 | 3 | 2 | -- | 0.78 Acre |
| 4 B Lois Court, Edgewood, NM, 87015 | $170,000 | 2 | 1 | 832 | 1 Acre |
| 42 El Prado Drive, Edgewood, NM, 87015 | $277,000 | 3 | 2 | 1,456 | 1 Acre |
| 8 Capital Road, Edgewood, NM, 87015 | $276,500 | 3 | 3 | 1,566 | 1 Acre |
| 22 El Prado Drive, Edgewood, NM, 87015 | $365,000 | 5 | 3 | 2,001 | 1.09 Acres |
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.
ByOwner last updated this listing 09/08/2026 @ 13:55
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