# 638 Therma E, Eagle Nest, NM 87558

> **TL;DR:** land, $540,000. Est. $2,340/mo. Listed 55 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $540,000 |
| Lot Size | 304,920 sqft (7.00 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 55 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,340 |
| **Total** | **$2,340** |

## Property Highlights

- 7.00 acre lot

## Description

### Agent Description
VIDEO TOUR - SEARCH YOUTUBE FOR - "638 E THERMA" . . . . Four parcels at the corner of Therma and Teddy Bear in Eagle Nest NM, with direct Highway 64 frontage, this is one of the most visible pieces of land in the Enchanted Circle. PREPAID SEWER AND WATER TAPS INCLUDING 2.6 ACRE FT OF COMMERCIAL WATER RIGHTS. SW LOT HAS WATER AND SEWER TO LOT (see survey). Three of the parcels are right around half an acre each, well suited for smaller commercial builds, retail, or service businesses. The fourth parcel comes in just over 5.5 acres, giving you real room to work with if you have something bigger in mind. The general commercial zoning is flexible enough to allow residential construction too, so you could build a home on one lot while developing the others. That kind of flexibility is rare. Eagle Nest Lake is about a minute away. Red River and Angel Fire are both roughly a 20-minute drive, which puts you at the center of everything the Enchanted Circle has to offer. If you have been watching this market, you already know Eagle Nest is probably the last affordable resort town in northern New Mexico, and that window is not going to stay open forever.

## Location

- **Address:** 638 Therma E, Eagle Nest, NM 87558
- **County:** Taos
- **Coordinates:** 36.553767, -105.25654
- **Google Maps:** https://www.google.com/maps?q=36.553767,-105.25654

## Listing Agent

- **Name:** Robert Swan
- **Brokerage:** Swan Realty
- **Phone:** 575 7702958
- **Email:** swanrealtyredriver@gmail.com

## Primary Photo

![638 Therma E - Primary Photo](http://lh.rdcpix.com/c5696d6a883223d7ff86f7f5a79092abl-f138162118r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/638-therma-e-eagle-nest-nm-87558-m114844)*

---

**MLS#:** 114844 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/638-therma-e-eagle-nest-nm-87558-m114844)

---

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