Lincoln County NM Homes Under $500,000

ESCAPE to the cool pines and mountain atmosphere. Excellent pricing with a $7,000 seller concession. Chalet style home, in Alto with a full golf membership. Turnkey, 3bdrm/2bth, fully furnished with newer appliances, new carpet, new light fixtures. Vaulted tongue and grove ceilings. Energy efficient windows and doors. Newer furnace with easy AC install. Water softener and RO water. While sitting on the wrap around deck, enjoy the cool air, mountain view and wildlife of deer, elk and maybe even the wild horses. This home is worth a look.

165 Brentwood Dr, Alto

$157,000

2 Beds ⋅ 2 Baths ⋅ 134451 MLS

This second level condo is priced to sell! Cozy up by the fireplace, enjoy the covered balcony, or just relax in your new getaway! This condo is waiting for your personal touch and design. It has all the appliances you need with a new gas range, dishwasher, fridge, stacked washer and dryer. Assessment for new decks is included in the price of the condo. Future assessments for roof and siding will increase the value of this charming condo.

1230 Mechem Dr Unit 26, Ruidoso

$499,999

3 Beds ⋅ 2 Baths ⋅ 134450 MLS

This beautifully updated and maintained home is perfect for full-time or second-home living in the cool mountains north of Ruidoso, NM. With over 2400 SF, it features 3 bedrooms/2 baths in a split level arrangement along with full furnishings down to dishes, linens, etc. The half acre corner lot provides easy access with a circular drive off of Hwy 48 and Enchanted Forest and is one of the few that allows a Commercial business on the north end of popular Enchanted Forest. Easy no-step access from the back door leads to all living spaces and one bedroom and bath on the main level. The large front deck offers an entertaining/grilling/dining space while enjoying views of the mountains.

1156 Hwy 48, Alto

$250,000

4 Beds ⋅ 3 Baths ⋅ 134448 MLS

Circa 1900 Nogal Home with Rich History & Big Potential. Local lore holds that the property once served as the original hotel during Nogal's mining days, and later as a brothel and post office. Priced for its potential, this is a chance to put in the work and create something truly one-of-a-kind on just over 1.52 acres. 4 bedrooms, 3 baths, a metal roof, tile flooring, and charming kiva-style fireplaces. A brick-floored sunroom and original stained glass hint at the craftsmanship of an earlier era, just waiting for the right vision to restore their shine. Sweeping views round out the setting.

104 Dry Gulch Rd, Not Provided

$220,000

2 Beds ⋅ 3 Baths ⋅ 134446 MLS

Beautiful end unit with a very large deck in Whispering Bluff Condo complex . Enjoy the beautiful wildlife views! Great location not far from the activities in midtown and Alto. This unit has been a nightly rental. Fully Furnished and ready to enjoy.

604 White Mountain Dr Unit 506, Ruidoso

$329,000

1 Beds ⋅ 2 Baths ⋅ 134444 MLS

Escape to your own private retreat on 8 beautiful acres featuring fruit trees, recently thinned land, and plenty of room to relax, work, or entertain. The charming 1-bedroom, 1.5-bath home offers comfortable living with a cozy gas fireplace and energy-efficient mini-split system. A separate small Casita includes a half bath with cold water only, making it ideal for guests, hobbies, or extra flex space. RV enthusiasts will appreciate two 50-amp RV spaces, including one with full hookups. The impressive 30x40 insulated shop is equipped with natural gas heat, perfect for year-round projects or storage. A 10,000-gallon rain catchment storage system adds valuable self-sufficiency in addition to the domestic well permitted (T-2389) for 3 acre feet diversion.

167 Nogal Canyon Rd, Not Provided

$280,000

2 Beds ⋅ 1 Baths ⋅ 134443 MLS

bathroom gem offering 1,443 sq. ft. of comfortable living space in scenic Valle Del Sol. Featuring a bright, open layout with a generous main living area, this home provides plenty of room to relax and entertain. Enjoy spacious bedrooms, wonderful natural light, and breathtaking high-desert views right from your front door. Outside, soak in the quiet tranquility, vast night skies, and mountain breezes that make Lincoln County living so unique. Whether you're seeking a serene primary residence or a lock-and-leave retreat, this property offers space, comfort, and unmatched peace of mind. Schedule your private tour today!

268 Whistler Trl, Carrizozo

$119,000

2 Beds ⋅ 2 Baths ⋅ 134438 MLS

Nice 2 bedroom/2 bathroom condo located in Innsbrook Village. New flooring throughout. Cozy fireplace and breakfast bar. Easy living, all one level. Come enjoy all Innsbrook Village has to offer. Golf Course, Trout Pond, Seasonal Swimming Pool, Tennis and Pickleball Courts and so much beauty!

110 Innsbrook Dr Unit 27, Ruidoso

$234,900

2 Beds ⋅ 1 Baths ⋅ 134434 MLS

Charm galore! This adorable little home tucked into the cool New Mexico pines offers 2 bedrooms and one beautifully updated bathroom. The quaint kitchen with farmer's sink opens to the cozy living room where you can relax and unwind in front of the crackling wood fireplace. Want even more relaxation? Step out onto the spacious deck for your morning coffee or evening wine and enjoy the lovely sights and sounds of the creek and the wildlife that come to visit it. Perfect for your private getaway or as an investment property. This wonderful cottage has a 4.9 rating on Airbnb and is well-loved by those who visit! Fully furnished, turnkey and ready for you! You don't want to miss this one. Schedule your tour, today!*Not in FEMA floodway, map provided. Buyer to verify any flood info

477 Paradise Canyon Dr, Ruidoso

$479,000

3 Beds ⋅ 2 Baths ⋅ 134430 MLS

Beautifully renovated single-level home offering scenic southeastern mountain views and convenient in-town access. This inviting 3-bedroom, 2-bath home features a bright, open floor plan filled with natural light, rich pecan wood flooring, and a cozy wood stove accented by shiplap and stacked stone. Enjoy an updated kitchen with granite countertops, painted shaker cabinetry, stainless steel appliances, and a functional layout ideal for everyday living and entertaining. Additional highlights include low-maintenance siding, central A/C, metal roof, fenced yard, storage shed, attached 2-car garage, and 2 spacious Village lots. Great opportunity for a full-time residence or low-maintenance second home.

108 Sarah Ln, Ruidoso

$274,900

2 Beds ⋅ 3 Baths ⋅ 134426 MLS

Don't miss this opportunity to own a beautifully updated condo in Innsbrook Village in Ruidoso, NM! Offered fully furnished and turnkey, this inviting mountain retreat is ready for you to enjoy from day one--whether you're seeking the perfect vacation getaway, a full-time residence, or an investment property. Nestled among towering pines, the peaceful setting offers the best of mountain living while remaining just minutes from Midtown's shopping, dining, and entertainment. Relax on one of two private decks, breathe in the crisp mountain air, and enjoy the tranquil surroundings near the pond. With its ideal location, charming atmosphere, and move-in-ready convenience, this exceptional property is one you won't want to miss.

214 Metz Dr Unit 243, Ruidoso

$349,000

3 Beds ⋅ 2 Baths ⋅ 134424 MLS

Mountain living meets everyday comfort in this stylish 3-bedroom, 2-bath home in the middle of Ruidoso! 1,320 +-sq. ft. of thoughtfully designed space, you'll love the oversized bedrooms, a private en suite bath in the spacious primary suite, and a move-in-ready interior that comes fully furnished. The sleek kitchen features stainless steel appliances, Quartz countertops, while the durable metal roof, Stucco Exterior and 2-car carport add lasting value and convenience. Enjoy morning coffee in the fenced front yard while soaking in the view, then take a short stroll to nearby parks and the public pool. Whether you're looking for a full-time home, weekend retreat, or turnkey investment, this one checks all the boxes!

243 Junction Rd, Ruidoso

$199,900

2 Beds ⋅ 2 Baths ⋅ 134423 MLS

Unit 804 at the Whispering Pines Condominiums offers a perfect blend of mountain serenity and in-town convenience. Located at 604 White Mountain Drive, this location puts the best of the Sacramento Mountains right at your doorstep.Step inside this cozy, 960-square-foot. The floor plan is thoughtfully designed to maximize every inch of space, creating a warm, inviting atmosphere the moment you walk through the door. The main living area provides a comfortable, open gathering space to unwind after a day of hiking, skiing, or exploring Midtown's shops.The condo features two comfortably sized bedrooms, providing a peaceful and private space to rest among the pines. Accompanied by 1.5 baths.

604 White Mountain Dr Unit 804, Ruidoso

$319,000

2 Beds ⋅ 3 Baths ⋅ 134422 MLS

Thoughtfully updated and offered fully furnished, this turnkey 2-bedroom, 2.5-bath condo combines mountain charm with outstanding investment potential. Beautiful tongue-and-groove ceilings, spacious living areas, and breathtaking Sierra Blanca views create an inviting retreat. Enjoy low-maintenance condo living with a community pool, just minutes from Midtown Ruidoso, golf, hiking, casinos, and Ski Apache. This established short-term rental has produced approximately $57,000 in annual gross rental revenue with an exceptional 4.92-star Airbnb rating across 240+ reviews. A rare opportunity for a mountain getaway, full-time home, or proven income-producing property.

220 Lookout Dr Unit I4, Ruidoso

$229,000

2 Beds ⋅ 3 Baths ⋅ 134419 MLS

Welcome to this furnished 2-bedroom, 2.5-bath end-unit condo offering comfort, convenience, and proven investment potential. Currently a successful nightly rental, it's ideally located just minutes from The Links golf course, restaurants, shopping, and year-round recreation. The end-unit location offers added privacy with only one adjoining neighbor. Inside, you'll find tasteful updates completed over the years, a cozy gas fireplace, and inviting spaces for guests or personal enjoyment. Step onto the spacious deck to soak in the mountain sunshine and cool mountain breeze. Exterior maintenance is handled by the community, making ownership easy whether you're looking for a vacation getaway, full-time residence, or income-producing property. Buyers receive a FREE one-year Home Warranty.

604 White Mountain Dr Unit 601, Ruidoso

$299,500

2 Beds ⋅ 3 Baths ⋅ 134416 MLS

MOUNTAIN STYLE HOME! Enjoy wooded-valley views from this 2BD/3BA home conveniently located near town and the Links Golf Course. It features a composition roof, warm wood interior accents, two central forced-air furnaces, and a main-level mini-split for added comfort. The spacious main level includes an inviting living area, an eat-in kitchen with a built-in booth, and a mudroom off the kitchen. Upstairs offers a loft sitting area with a bedroom and bath, while the lower level features the primary suite with its own wood-burning fireplace. Relax on the main-level deck and take advantage of the home's excellent rental history. Equipped with both a traditional water heater and a tankless water heater. Move-in ready and an outstanding value! Priced to sell!

214 Rio Arriba Rd, Ruidoso

$370,000

3 Beds ⋅ 2 Baths ⋅ 134415 MLS

Cozy Turnkey Mountain home with an open living area, river rock fireplace, and a bright sunroom that can serve as a dining area, home office, or third sleeping space. Enjoy beautiful views, a covered deck, and a well-equipped kitchen with wood cabinetry, granite countertops, and tile. Split bedrooms offer privacy with a full and half bath. The fenced backyard includes a versatile outbuilding, plus a metal roof, gutters, city water and sewer, and covered parking. Move-in ready and a must-see!

125 Chaparral Dr, Ruidoso

$499,000

3 Beds ⋅ 2 Baths ⋅ 134411 MLS

Nestled in the scenic mountains of Alto, NM, this fully furnished 1,977 sq. ft. (per tax records) A-frame-style home is in a community with a full golf membership at Alto Lakes Country Club, blending rustic elegance with warm, inviting living. Soaring wood-beamed ceilings and rich, knotty-pine walls fill the living area with character and warmth, while a cozy stone fireplace sets the mood for unforgettable evenings. The open-concept kitchen and dining area make entertaining effortless. A charming loft adds versatile space, perfect for a reading nook or home office. With 2 spacious bedrooms, including a generous primary suite, this mountain haven offers the lifestyle you've always dreamed of. Creative seller's financing is available for this home. Call for more detailed information.

221 Midiron Dr, Alto

$194,000

2 Beds ⋅ 2 Baths ⋅ 134410 MLS

This unit has been completely remodeled including new kitchen appliances new electric hot water heater, new paint, new cabinets, new vinyl flooring, new HVAC system, new Blinds, new title on deck and new raingutters. This charming condo is close to most all of the amazing things that Ruidoso has to offer, Hiking, Biking, shopping, restaurants, casinos, and much much more, The HOA also includes water, Cable, and snow removal.A must see!!

26303 Us 70 Unit 509, Ruidoso Downs

$229,500

2 Beds ⋅ 3 Baths ⋅ 134400 MLS

Enjoy the cool mountain air while watching the elk and horses graze along The Links Golf Course from the back deck of this wonderful condo at popular Whispering Bluff. The kitchen is conveniently located just as you enter the condo with a half bath located across the hallway. The open concept living/dining/kitchen comprise the lower level and easily flow out to the back deck for entertaining family and friends. Both of the bedrooms offer a full en-suite bathroom and are located on the upper floor for more privacy. Fully furnished and with central heating and A/C as well as a water softener system, this unit is ideal for full-time living or as an investment property. Whispering Bluff is just across from the popular walking trails and convenient to all that Ruidoso has to offer.

604 White Mountain Dr Unit 502, Ruidoso

$450,000

3 Beds ⋅ 2 Baths ⋅ 134389 MLS

Welcome to the quintessential mountain cabin. Built overlooking both Alto Lake and a great view of Sierra Blanca mountain range. Beautiful decks to enjoy the crisp mountain lifestyle. 3 bed 2 bath with a great loft that offers extra sleeping quarters. Log siding, freshly stained two summers ago along with new interior paint and decking. Paved driveway with a garage and carport. Full golf membership to Alto, Outlaw and Kokopelli golf course. Call me today!

171 Crown Ridge Rd, Alto

$169,000

2 Beds ⋅ 2 Baths ⋅ 134386 MLS

Charming 2 bedroom, 2 bath A-frame cottage tucked away in Brady Canyon! Perched on the hillside, this cozy mountain home is full of character and is just a 2-minute drive to Midtown Ruidoso's shopping, restaurants, and entertainment. Whether you're looking for a vacation home, a full-time residence, or a short-term rental investment, this property offers the flexibility to fit your needs. The classic A-frame design, inviting layout, and convenient location make this a true Ruidoso gem.

151 Brady Canyon Rd, Ruidoso

$399,000

2 Beds ⋅ 2 Baths ⋅ 134382 MLS

Escape to the mountains in this charming, fully furnished 2-bedroom home bordering National Forest. Enjoy breathtaking views, a cozy gas fireplace, stainless steel appliances, luxury vinyl flooring, Sleep Number beds, flat-screen TVs, JELD-WEN windows, James Hardie siding, and an on-demand hot water heater. Unwind on the covered back deck and enjoy the peace of mountain living, all just minutes from town. A perfect full-time residence, vacation retreat, or turnkey rental.

121 Lark Dr, Ruidoso

$398,000

3 Beds ⋅ 2 Baths ⋅ 134377 MLS

323 Carters Ln, Ruidoso