87740, NM homes for sale & real estate

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ABOUT THIS HOME
87740, NM Homes for Sale
Livestock welcome! Approximately 55 acres of bare land available for your consideration. County zoning, barbed wire fencing, pavement to the gate, and utilities nearby. Flat or gently rolling land, with native grasses.

$300,000

Land55.00 acres (lot)

Market St, Raton, NM 87740

Utilities nearby • Lush native grasses

ABOUT THIS HOME
87740, NM Homes for Sale
5000 square feet of commercial zoned bare land. Located on Whittier, behind the Lark's Lube location, this property is 50' x 100' and would be great for a small business location. Banks, shopping, and restaurants nearby! Call for more information.

$30,000

Land4,791 sq ft (lot)

Whittier St, Raton, NM 87740

Near shopping • Commercial lot • Restaurants

ABOUT THIS HOME
87740, NM Homes for Sale
Unlock the potential of this strategically located corner lot, just one minute off Highway I-25 . Zoned C3 commercial, this property offers remarkable flexibility for a wide range of business or development uses - from retail and office space to service-based enterprises. With utilities nearby, the site is well-positioned for efficient development and quick turnaround. Its corner location ensures maximum visibility and easy access for customers, clients, and deliveries alike. The surrounding area continues to grow, with a new gas station, hospital, and medical offices driving consistent traffic and future business demand. This strong commercial ecosystem enhances both short- and long-term R

$87,500

Land1.68 acres (lot)

97 Card Ave, Raton, NM 87740

Easy access • Utilities nearby • Zoned c3 commercial

ABOUT THIS HOME
87740, NM Homes for Sale
Spacious 22,000 sq ft lot ideally located near the high school and just minutes from the Raton Golf Course and downtown Raton. This property offers a great building site with convenient access to local amenities, shopping, dining, and recreation. An excellent opportunity to build your home in a well-situated area of town.

$35,000

Land0.51 acre (lot)

1425 S 5th St, Raton, NM 87740

22 • Building site • Convenient access

ABOUT THIS HOME
87740, NM Homes for Sale
Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. This rare parcel offers a powerful combination of visibility, access, and zoning flexibility, making it ideal for both commercial and residential development. 60.82 acres are annexed into the city, with the frontage zoned C3 Commercial, perfect for retail, services, or hospitality. The remaining acreage is designated RHZ (Residential Holding Zone), suitable for housing, agriculture, or future expansion. With city water, electric, and ga

$1,900,000

Land212.81 acres (lot)

Highway 87, Raton, NM 87740

Highway frontage • C3 commercial

Property at 1789 Hospital Dr, Raton, NM 87740

$37,500

Land0.54 acre (lot)

1789 Hospital Dr, Raton, NM 87740

Property at Of Medical Park St, Raton, NM 87740

$30,000

Land0.69 acre (lot)

Of Medical Park St, Raton, NM 87740

Property at 1234 Tiger Dr, Raton, NM 87740

$30,000

Land0.77 acre (lot)

1234 Tiger Dr, Raton, NM 87740

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Average home prices near 87740, NM

Cities

Red River homes for sale
$449,000
Raton homes for sale
$152,000
Cimarron homes for sale
$225,000
Eagle Nest homes for sale
$339,000
Springer homes for sale
$172,950
Angel Fire homes for sale
$530,000
Taos Ski Valley homes for sale
$1,795,000

Zip Codes

87740, NM real estate trends

All Home Types trends in 87740, NM

Median Sale Price
# of Homes Sold
Median Days on Market

All Home Types

Median Sale Price (All Home Types)

$198,942

+17.7% YoY | Sep 2026

1 year
3 year
5 year

Based on Redfin calculations of home data from MLS and/or public records.

Location

Data

Sep 2026

Growth

% YoY

87740, NM

$198,942

+17.7%

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