Introducing Santa Milagro: The Newest Gem in Las Cruces
Located in the picturesque Las Alturas area of Las Cruces, New Mexico, the Santa Milagro subdivision emerges as the latest beacon of upscale living in this thriving community. Boasting 38 spacious lots ranging from 1.5 to 3.6 acres, Santa Milagro offers a unique opportunity for homeowners to embrace the tranquility of rural living without sacrificing urban convenience. With prices starting at $159,000 and stretching to $199,000, these parcels present an enticing prospect for those seeking to build their dream home in an idyllic setting.
One of the standout features of Santa Milagro is its meticulous attention to infrastructure. Each lot is equipped with Las Cruces City water, Zia Gas, and El Paso Electric and requires septic tanks for waste management, ensuring that residents have access to essential utilities for modern living. Moreover, the subdivision is situated on a paved street, enhancing accessibility while preserving the area's rustic charm.
Anticipated for substantial completion by May 30, 2024, the roadways and utilities of Santa Milagro are poised to set a new standard for residential development in this area, adding to greater accessibility from the end of pavement at George Catlin Rd. However, despite these promising attributes, the subdivision has faced challenges in attracting buyers since its debut on the market.
As of February 14, 2024, all lots in Santa Milagro have been listed on the MLS by Steinborn BHGRE. Yet, despite approximately 60 days on the market, not a single lot has gone under contract. Several factors may contribute to this slow uptake, including the ongoing construction of roadways, relatively high pricing, and proximity to the highway. However, if each lot is sold at its asking price, Santa Milagro has the potential to achieve a staggering $6,863,000 sell-out, underscoring the significant investment opportunity it represents.
While Santa Milagro may be a newcomer in sales, its origins trace back over a decade within the Las Cruces real estate landscape. Records from the Dona Ana Tax Appraisers reveal that the land comprising the subdivision was transferred from Kea W. Riggs to Pioneer Bank in 2009. Subsequently, it passed through various Pioneer Bank entities before landing in Royal Properties LLC's hands in 2021 with a then asking price of $820,000 for the raw land plus schematic design of the development.
Royal Properties LLC, associated with the esteemed businessman Royal Jones, a prominent figure in Las Cruces renowned for his stewardship of Mesilla Valley Transportation (MVT) and numerous other ventures, ranging from logistics and transportation to hospitality and entertainment, is involved in the development of Santa Milagro. With a track record of success and a vision for enhancing the fabric of the community, Jones' involvement in Santa Milagro adds a layer of credibility and excitement to this burgeoning development.
As Santa Milagro embarks on its journey to redefine luxury living in Las Cruces, it stands as a testament to the enduring allure of this vibrant city. With its blend of rural serenity, urban convenience, and visionary leadership, Santa Milagro beckons prospective homeowners to embark on a journey of discovery and fulfillment in one of New Mexico's most coveted locales.
For more information, or to view the lots in person, please contact Connor Murray at connor.murray@thenextlascruces.com or by phone / text at 603-918-1745. Check out The Next Las Cruces YouTube Channel for more detailed views of the new subdivision. https://youtu.be/4YVd2xYJM7g
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