Usable, level land, 3 acres fenced for horses plus 38X60 barn.  House has numerous custom details including open floor plan with a gourmet kitchen.

Viking 6 burner stove with griddle and double oven, huge island, antique Monarch wood cook-stove.  Painted maple cabinets with self-close drawers and doors.  Low maintenance exterior.

Massive wood beams and hand peeled vigas were harvested locally as well as black walnut stair treads and window sills.  Crown molding and double baseboards throughout. Solid wood interior doors, Jeld-Wen windows and exterior doors. Over-sized 3 car garage has room for 3 vehicles, + workshop & storage.  Sierra Blanca view!  Covered back deck – perfect for entertaining, and enjoying the abundant wildlife.

Compare this property to other properties ( min. 3200 sq. ft, price range $600K and up, at least 8 acres ). This custom home, with 10 acres, river frontage, and horse facilities has a lot to offer !

Large loft area with room for additional bedrooms / office / studio / living area. To see more details on this property see Special Features.

Property Details

Property Photos

Completed in 1935, the building was a WPA project and was actively used for classes until 1954. Since then, the schoolhouse has also served as a foundry, pottery shop and most recently the Lincoln Schoolhouse Gallery and Art Center where receptions, performances,  workshops and seminars were held.

Many improvements were made to the building including upgrades to electrical and plumbing systems, new heating and air conditioning, septic systems, ceilings, roof and more.  A local cabinet maker was commissioned to rebuild the rope and pulley windows to their original standard. Although the renovations were extensive, the history, charm, and character of the old schoolhouse has been well preserved in the architectural details such as hardwood flooring, original doors, and even 1930′s era school room chalkboards, and drinking fountains.

The building’s main room is large enough to serve as a small auditorium with the original school stage. However, the restoration along with tasteful decor and furnishings, have made the room a comfortable setting for dining, and living area or gallery.

The renovations have converted former classrooms into 3 large bedrooms, and 3 full baths featuring walk in showers, and antique style clawfoot bath tubs. The bedrooms are quite large, and could be split into smaller rooms – if additional accommodations were needed.

The kitchen has numerous commercial features, including a Wolf 6 burner stainless stove and range with commercial vent hood,  in addition to a stainless commercial freezer / refrigerator, dishwasher, and sink.

A spacious and comfortable media room is located on the building’s east end. From one corner of the media room, a custom oak spiral stair case leads to a basement level below which houses a wine cellar.

For outdoor entertaining and dining, the back patio and courtyard can be accessed from several doors including the kitchen and main hallway. The  classy stone patio, was artistically designed with sandstone in the pattern of a sunburst.  A southwestern style “pergola”, or trellis work of  thick timbers,  covers a large area of the patio and provide shade on the south facing patio. A hot tub is located just a few steps away. The back yard includes a lawn area with sprinkler system,  bordered by low maintenance desert landscaping, enclosed in planters.  One of the planters features a large rock boulder which was retrofitted with a running water fountain.  The garden and fountain provide a tranquil water stop for hummingbirds that are drawn to purple mountain sage growing nearby.

From the patio, and several interior windows, are views of nearby mountains – covered with pinon and juniper trees and home to abundant wildlife in the area.  The property measures just over 1.3 acres in size, and is located just east of the famous Lincoln County Courthouse, where the notorious outlaw “Billy the Kid” was held before his last escape. Other attractions near the schoolhouse include the Wortley Hotel, the Lincoln State Monument, and numerous historic buildings. Lincoln is a favorite destination of visitors and tourists who want to learn more about it’s history and photograph the buildings that have endured.

View Lincoln Schoolhouse Gallery slideshow, on Youtube video player:

Please contact Mary Weaver at 575-937-5229, or Mark Stambaugh at 575-937-5719 for more information, or to arrange an appointment to tour of the Lincoln Schoolhouse Gallery.

Property Details

Property Photos

I watch for “deals” every day, monitoring the new listings and price changes in the local MLS. I also monitor a few outside sites like Zillow, Trulia, and various REO sites. It is not easy to track every single property, because the information is constantly changing, but I usually have  a list that is fairly up to date, and includes most, but not all of the distressed properties. I also monitor the price drops and pass these updates along to those looking for good buys in our local market.  I will be glad to keep you updated as well. Send me an email, text, or call and I’ll put you on a list that is targeted to only the search criteria you specify.

Here is list of Ruidoso Foreclosures and Bank Owned Properties. These properties are usually listed by another agent, and their office name is listed at the bottom of each property detail page. If you need more information on any of these, please contact me.  Photos of these properties may be very limited, sometimes there is no photo, or only a single photo of the outside. If possible,  I will get more photos, and will email those to you, along with the property details. Contact or Email Mary Weaver at:   mary@ruidoso-homes.com  or call / text Mary at 575-937-5229 in order to get the latest updates on foreclosures and price drops in Ruidoso Real Estate.

One of these cabins is in the Sun Valley Subdivision on Sun Mountain Loop,  located just west of the Alto area, off of Hwy 48.  This area is a mix of vacation and full time homes. The cabin offers seclusion, distant views of hillsides with pines and mixed conifer trees, along with a small view of the Sacramento Mountains. Recent upgrades include new carpet, and a new deck. Here is a link to the Sun Valley cabin, and several others in the area.

Use this site often for new listings, search and save your favorites and get email updates. Follow us on Google Plus – we will be posting often on  “Good Buys” in Ruidoso Real Estate, along with updates on upcoming events, fun and food.

Home prices in Ruidoso have dropped 10-20% and more, from the highs of 2006. Many of the homes that have been listed for over a year, have been reduced several times – still awaiting an offer. These properties offer opportunities to find a good deal – especially for cash buyers. I have recently sold foreclosures to cash buyers who have bought at price levels that were half of their previous (2006 -2008) highs.

Home sales over the past 6 months in Ruidoso and Alto were good. Buyers are finding deals as some sellers have come to grips with the fact that their homes are not worth as much as they once were. That being said, there are still many sellers who are not desperate to sell, and who will stand their ground if their listing price is reasonable. This is not a market where a buyer can expect to have offers that are 20% below list price to be received with enthusiasm. There is a fine line between negotiating a “good deal” and offending a seller so much that they won’t even counter your offer. Our average selling price is 95-97% of the list price.

These articles at CNBC real estate and CNN Money – Price are Falling- give details on why vacation home markets have been hit hard as mortgage lending has tightened, jobs have been lost, and general economic uncertainty has prevailed. Negative factors in the market provide buying opportunities.

To view properties for sale in the Ruidoso area, use the online search at Ruidoso-homes.com website. You can sign-in for an account and get email updates of new listings and price changes. If you are looking for a foreclosure, or fixer that needs work, contact me. These properties are more difficult to locate in the search process. I usually have access to these properties and will be glad to email you information.

Alto Golf Estates

The ownership of both golf courses by ALG&CC,  presents membership amenities to owners from each area. Property owners who purchase memberships in either ALG&CC, or in Alto Golf Estates, are entitled to use facilities in both, depending upon the level of membership they buy ( Full Golf vs. Social ). This is especially meaningful to golfers who will find tee times available at one of the courses, when the other course is booked or used for annual tournaments.

In addition to two 18 hole golf courses, Alto Golf Estates owners will also have access to Alto Lakes G&CC facilities including the dining, tennis, fitness room and outdoor pool.

The master planned Alto Golf Estates development consists of 186 home sites, designed within the 700 acre subdivision located just east of Alto Lakes Golf & CC.

Lots in the Alto Golf Estates offer views of the nearby Sacramento Mountains including Sierra Blanca Peak to the west, or the Capitan Mountains to the north. Many of the lots are on the Outlaw golf course and provide views of the fairways along with wooded vistas of pinon, juniper and tall ponderosa pine trees.

Lots vary in size from 1 to 4 acres, and prices range from $75,000 and up, as of 11-15-11. View Alto Golf Estates at the Outlaw lots for sale.  Contact me for more information on lots or homes in Alto Golf Estates, and names of builders in the Alto and Ruidoso area.

View photos from Ruidoso area Golf Courses.

Outlaw Golf Estates – Photos