- $36,000
- 5.89 Acre
Lots & Land For Sale in Bluewater, NM
4 Homes
Bluewater, NM Homes for Sale
854 State Highway 612 Bluewater, New Mexico Opportunity awaits on this approximately 4-acre parcel located directly on State Highway 612, approximately 2 miles from Bluewater. With excellent highway frontage and easy year-round access, this property offers an ideal setting for a homesite, recreational retreat, or future investment. The property is improved with a private well, electricity, and two septic systems, with one septic system currently functional. These existing utilities provide a strong foundation for future development. A manufactured home is currently located on the property and will convey with the sale **as personal property with no value assigned**. The property is being marketed and sold as **land only**, and buyers are encouraged to conduct their own inspections regarding the condition and usability of the manufactured home and all existing improvements. The mostly level terrain features very few trees, providing flexibility for building, expansion, or recreational use. Conveniently located near Bluewater Lake, the property offers quick access to fishing, boating, camping, hiking, and other outdoor recreation while remaining just a short drive from Interstate 40. Property Highlights: Approximately 4 acres Direct frontage on State Highway 612 Approximately 2 miles from Bluewater Private well Electricity on the property Two septic systems (one currently functional) Manufactured home conveys as personal property with no value assigned Mostly open terrain with minimal tree coverage Excellent access and visibility Ideal for residential, recreational, or investment opportunities Buyer to verify acreage, utilities, zoning, permitted uses, and the condition and functionality of all improvements.
- $70,000
- 4 Acre
- $20,000
- 10 Acre
$9K
Bluewater, NM Homes for Sale
Discover 1.34 Acres of Opportunity Near Bluewater Lake! This unique property consists of four contiguous lots, each approximately 0.34 acres, combining for a generous 1.34-acre parcel just off Weagley and Rhodes. Perfect for those seeking space, privacy, and proximity to nature, this versatile land offers multiple development optionsbuild one home with room to spare, or divide the lots for multiple uses. Located very close to Bluewater Lake, outdoor enthusiasts will love the easy access to fishing, boating, hiking, and year-round recreation. Electricity conveniently runs through the middle of the property, making future development more affordable and straightforward. Positioned near NM Highway 612, youll enjoy the perfect blend of peaceful seclusion with quick access to nearby towns, services, and scenic destinations. Whether you're looking to build a getaway, invest, or create a family retreat, this 1.34-acre offering is a rare find in an increasingly popular area. Key Features: 1.34 acres made up of four individual lots Each lot approximately 0.34 acres Electricity on-site, running through the center of the property Very close to Bluewater Lake Near NM Highway 612 for easy access Ideal for recreation, investment, or future development
- $28,500
- 1.36 Acre
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Bluewater, NM real estate market trends
Statistics as of November 2026
$89K
Avg. list price
$118/Sqft
Avg. price/sqft
3
Homes for sale
1,440 Sqft
Avg. home size
163 Days
Avg. days on market
Movoto makes it easy to track market trends in Bluewater, NM. Whether you’re entering the market or planning your next move, understanding these key metrics can guide smart decisions. Looking for more detailed housing market stats in Bluewater, NM?
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Frequently Asked Questions about Bluewater, NM
In November 2026 Bluewater homes were listed to buy for a median price of $89K, which is a 88% decrease to October 2025 last month, and a 88% decrease to November 2025 last year. The median value of a home listed to buy in Bluewater in November 2026 was $118 per sqft, which is a 38% decrease to October 2025 last month, and a 37% decrease to November 2025 last year.
It is affordable to live in Bluewater. Buying a home in Bluewater is 0% less expensive compared with the national average.
Yes now is a good time to buy property in Bluewater, in November 2026, homes in Bluewater have decreased in value (price per sqft) by 37% in the last year compared with November 2025.
In November 2026, homes to buy in Bluewater spent an median 164 days on the market, a same November 2025 last year.
In November 2026, Bluewater homes were listed to buy for a median price of $89K, with 25% down you would need $516/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $17.6K.
Yes now is a good time to sell your house in Bluewater, in November 2026, homes in Bluewater have decreased in value (price per sqft) by 37% in the last year compared with November 2025.