ABQ-Luxe Estate SFH on 65 Acres - RARE FIND
3021 Coyote Trail represents a rare opportunity to acquire a luxury estate in Albuquerque, NM with both immediate income protection and significant value-add upside.
Asset Type: Luxury single-family estate
Size: ~8,459 sq. ft., 3 stories
Land: 65 acres with unobstructed views, 1100 square feet of patio deck on main floor overlooking the valley
Purchase Price: $1.90M
Renovation Budget: $250k targeted toward premium finishes and high-impact upgrades (chef’s kitchen, spa-style primary suite, new flooring to replace carpet, replacing stereo systems, upgrades to switches throughout the house, creating whole home connectivity, etc.). Many of the granite countertops and natural stone inlays are well appointed as they are. All renovations only necessary to upgrade and modernize to luxury standards taking the square footage and all amenities to $300+ square foot for full valuation.
Post-Reno ARV: $2.9M–$3.1M, supported by $300–$375/sf luxury comps in Albuquerque & Santa Fe markets
Comparable Properties
Average per square footage in the Albuquerque Metro is $214-$220/foot for anything sold in the last 6 months.
With upgraded amenities, high end finishes/appliances, unique property amenities, large land with open access and alignment to luxury feel experience comps shown below at conservative $300+ sq ft.
- 19 La Aguapa, Sanda Park, NM, 3 bed / 6 bath, 11 acres, $1,895,000 - closed on 6/10/2025 - $312/sqft
- 824 Camino Vista Rio, Bernalillo, NM, 3 bed / 5 bath, 1 acre, $1,925,000 - closed on 4/14/2025 - $362/sqft
- 1 Coyote Trail, Corrales, NM, 4 bed / 6 bath, 2.74 acres, $2,175,000 - closed on 4/3/2025 - $521/sqft
- 4722 Paso Del Puma, Albuquerque, NM, 4 bed / 4 bath, 2.73 acre
- 6015 Buffalo Grass Court, Albuquerque, NM, 4 bed / 5 bath, $1,650,000 - closed on 8/11/2025 - $293/sqft
