Lincoln County NM Homes Under $500,000

This 3 bedroom 2.5 bath home on 0.59 acres is centrally located in Ruidoso. The lot is larger than many nearby lots. The upper level has an open floor plan that includes the kitchen, living area, and access to a large deck surrounded by tall pine trees. The lower level offers a third bedroom that could also serve as a game room or bunk room, along with a half bath and a spot for laundry. Outside the third bedroom is a concrete slab with electrical power already run to it, providing a ready spot for a hot tub. A large detached shop building offers a large bar area and space above for storage, projects, or equipment. The main house and shop are fenced, and the property has a motorized gate. The home has a paved driveway and is connected to city sewer, so there is no septic tank to maintain.

302 Pearl Ave, Ruidoso

$425,000

3 Beds ⋅ 2 Baths ⋅ 134776 MLS

Experience the charm of mountain living in this stylishly updated 3-bedroom, 2-bath home on approximately 0.391 acres. Located on a corner lot with paved access, this property offers both convenience and scenic surroundings. The inviting open floor plan features a spacious kitchen with a large island, a big dining area, and a cozy wood-burning fireplace. Additional features include updated Anderson doors, a RO system, and partially furnished. Relax on the front, wraparound, or rear decks while enjoying peaceful wooded views. The fenced backyard provides a lovely outdoor retreat. Mountain charm at its best!

100 Heath Dr, Ruidoso

$235,000

3 Beds ⋅ 3 Baths ⋅ 134775 MLS

This beautifully maintained, fully furnished 2-story condo features 3 spacious bedrooms and 3 full bathrooms, including a convenient main-level primary suite. The inviting living area offers a gas-log fireplace, perfect for cozy mountain evenings. Step onto the covered front porch to unwind and enjoy the peaceful surroundings. Move-in ready and thoughtfully furnished, this charming property is ideal for a personal Ruidoso getaway, a second home, or a potential rental investment. Enjoy easy access to skiing, hiking, and all your favorite mountain activities while embracing the comfort and charm of mountain living!

122 Dancing Star Trl, Alto

$415,000

4 Beds ⋅ 2 Baths ⋅ 134766 MLS

This beautifully updated 4-bedroom, 2-bath home on a corner lot offers modern comfort and convenience. Enjoy renovated bathrooms, updated flooring, and a functional layout. The home is all electric and connected to city water and sewer. Level parking in front, and the property is being sold partially furnished, make it move-in ready. Don't miss this clean, well maintained home.

301 Guajolote Rd, Ruidoso

$430,000

3 Beds ⋅ 2 Baths ⋅ 134757 MLS

Step into this cozy 3 bedroom, 2 full bath home with a unique workshop/storage area underneath with an attached carport. Ample room for the entire family in the sunken living room with a spacious kitchen area with lots of cabinet space for the chef to cook up a beautiful meal for the whole family. Enjoy those meals in the spacious dining area, small wet bar included! The primary bedroom has it's own private balcony and jacuzzi tub while the guest bedrooms share a full bath.

212 Jack Little Dr, Ruidoso

$209,000

2 Beds ⋅ 1 Baths ⋅ 134755 MLS

Great two-bedroom, one-bath cabin conveniently located near all the attractions Ruidoso has to offer, including Midtown, Grindstone Lake, and the Inn of the Mountain Gods Resort and Casino. This well-maintained cabin features an open deck perfect for entertaining or relaxing in the cool mountain air, along with additional storage and ample parking. Recent improvements since 2019 include a metal roof, fresh deck paint, and sliding glass door. The cabin is partially furnished, making it an appealing option for a mountain getaway, vacation retreat, or investment property. Opportunities like this are worth a closer look! Don't miss your chance to own a piece of the Ruidoso mountain lifestyle.

108 Twin Mountain Rd, Ruidoso

904 Carrizo Canyon Rd Unit #214, Ruidoso

$142,000

1 Beds ⋅ 1 Baths ⋅ 134751 MLS

This is the perfect retreat! Sitting alongside Carrizo Creek where the soothing sounds of the water & abundant wildlife visitors will melt your cares away, this fully furnished, turnkey property is ready to enjoy! One bedroom +sleeper accommodates 4. Living area w/cozy f/p. Well equipped kitchen for dining in, or you can travel short distances to the Inn of the Mtn. Gods or midtown Ruidoso where you'll find shopping, dining, music & entertainment galore. For outdoor enthusiasts, the nat'l forest is steps away for a hike, grindstone lake (the venue for the recent XTERRA World Championships), for fishing, mountain biking & frisbee golf. The Perfect spot to escape & recharge. Great for full-time, part-time or investment potential. Come & enjoy the mountains!

904 Carrizo Canyon Rd Unit #214, Ruidoso

$225,000

3 Beds ⋅ 1 Baths ⋅ 134749 MLS

Full Sierra Blanca and Capitan Mountain views from this 4.71-acre unrestricted property consisting of three separate lots. Tucked among the trees, this private mountain retreat offers abundant wildlife, peaceful surroundings, and room to grow. The property features a 2008 furnished mountain cabin, with free-standing wood-burning stove and recently installed mini-split, workshop, greenhouse, southern exposure, and multiple potential building sites. The three-lot configuration provides flexibility for future development, a family refuge, or the opportunity to sell or develop individual lots while maintaining privacy around the home. This is a rare combination of mountain views, seclusion, usable acreage, and future potential that is becoming increasingly difficult to find.

122aka148 Saddle Pass Dr, Capitan

$235,000

2 Beds ⋅ 1 Baths ⋅ 134748 MLS

COTTAGE RETREAT: Looking for a cozy mountain getaway? You'll love the character and charm of this 2 bedroom, 1 bath furnished cabin. Open living with river rock wood burning fireplace, spacious covered deck plus hot tub too. This includes 3 lots. Rental numbers available upon request.

130 Larch Dr, Ruidoso

$290,000

3 Beds ⋅ 3 Baths ⋅ 134742 MLS

Spacious 3BD/3BA condominium in the Alto Alps subdivision, surrounded by beautiful wooded views! This home features an open, airy layout, a cozy fireplace in the living room, and a bathroom for every bedroom, ideal for families, guests, or a mountain getaway. Step outside to a large deck and patio, perfect for relaxing or entertaining among the trees. Partially furnished and just a short drive to skiing on Sierra Blanca. Part of an HOA.

117 Dancing Star Trl, Alto

$390,000

4 Beds ⋅ 3 Baths ⋅ 134739 MLS

Adorable Level Entry 4 Bedroom/3 Bath home in the heart of Ruidoso. Several covered decks to enjoy the pines, enter into the Living Area with Dining and Kitchen with back deck access. 2 EnSuites on Entry Level, and then head downstairs to a fantastic game room/family hang out area with 2 additional bedrooms and guest bath. Great side yard area for kids and fenced dog run for the fur babies. Aerobic Septic installed in 2021. Metal roof. Super inviting and cozy. Partially furnished.

406 Otero Dr, Ruidoso

$333,700

3 Beds ⋅ 2 Baths ⋅ 134737 MLS

CHARMING MOUNTAIN GETAWAY! Take a look at this enchanting Ruidoso mountain cabin. The open living area will enchant you as you enter this 3 Bd., 2 bath furnished home. This log-sided cabin is one level with spacious covered deck complete with fenced dog run and hot tub below. You'll love this peaceful setting in the pines. Circle drive. Nightly rental history available upon request. Don't hesitate or this one might get away from you.

126 Larch Dr, Ruidoso

$499,000

4 Beds ⋅ 3 Baths ⋅ 134736 MLS

Welcome to this beautifully remodeled home offering comfort, style and stunning mountain views! New Metal Roof! The spacious private primary suite is a true retreat, featuring its own bathroom, fireplace where you can relax and enjoy breathtaking scenery!The upper level includes 3 additional bedrooms, 2 bathrooms, brand new laundry room and beautifully updated kitchen! Kitchen is complete with new appliances, new granite counter tops! The inviting living room offers a wood-burning fireplace, creating the perfect cozy atmosphere for relaxing or entertaining.Step outside onto the newly stained deck and take in spectacular mountain views. With thoughtful updates throughout, generous living spaces, and incredible setting, this home is a must-see!

116 Chiracahua Ln, Ruidoso

$409,000

3 Beds ⋅ 2 Baths ⋅ 134732 MLS

Welcome home to this beautifully maintained 3-bedroom, 2-bath property in desirable Ruidoso, NM! Meticulously cared for and thoughtfully updated throughout, this inviting furnished home offers the perfect mix of comfort, charm, and functionality. You'll appreciate the tasteful improvements, including new stainless appliances, well-kept interior, and pride of ownership evident in every detail. Step outside to enjoy the fully fenced backyard, ideal for pets, outdoor gatherings, or simply relaxing in your own private space. A brand-new storage shed provides extra room for tools, equipment, and seasonal essentials. Whether you're looking for a full-time residence, or mountain getaway, this move-in-ready gem is one you won't want to miss! Some photos may be virtually staged.

201 Canyon Rd, Ruidoso

$420,000

3 Beds ⋅ 2 Baths ⋅ 134731 MLS

Single-level living in the Alto Country Club. This 3-bedroom, 2-full-bath home with a garage sits quietly against Burns Ranch, so the backyard opens toward open ranch land rather than another house. Inside, a wood-burning stove in the living room anchors the main living space and keeps the home cozy through the colder months. Out front, the porch frames a pretty little view; off the side of the back deck, the outlook softens into the mountains. One-level layout, garage, country-club setting, and ranch-backed privacy make it an easy everyday home with a scenic edge. Professional photos coming soon.

170 Eagle Ridge Rd, Alto

$479,000

3 Beds ⋅ 2 Baths ⋅ 134730 MLS

Discover mountain living in this remodeled three bedroom, two bath cabin on a level lot in Alto NM close to Ruidoso. The home features a shingle roof approximately 3 years old, two wood burning fireplaces, mini-split system in front room and an extra insulated attic. Outside, you'll find a storage shed/workshop with chain link fencing along back. The property is conveniently located near the post office and fire station on a snow maintained road making it well suited for year round living or a mountain retreat.

323 Sun Valley Rd, Alto

$450,000

3 Beds ⋅ 2 Baths ⋅ 134729 MLS

Charming mountain retreat is located in Alto Lakes Golf & Country Club. One story with three bedrooms and two baths sits nestled under the cool pines and comes with a full golf membership! Living room features vaulted ceiling, accent windows that bring in lots of natural light, fireplace with gas logs, pretty laminate wood floors, and nice backyard views. Large kitchen boasts ceramic tile floors, lots of gorgeous wood cabinets, Quartz countertops (2024), tile backsplash (2024), garbage disposal (2023), accent and under cabinet lighting (2024), GE Cafe stainless refrigerator, microwave, dishwasher, and induction stove (2024). Spacious primary suite with vaulted ceiling with wood accents, access to back patio with built in dog door, dual sinks in bath, decorative lighting

102 Mira Monte Rd, Alto

$375,000

3 Beds ⋅ 2 Baths ⋅ 134724 MLS

One level home on a flat double lot perfect for a vacation or full time home. Spacious bedrooms and living room with an updated kitchen that is a bakers dream, brand new laminate floor in living area and the closets are all designed for that organized one who likes to have everything neat tidy and readily accessible. The 4 picture windows in the living and dining room give you so much light, the deck wraps around to the back of the house and opens out from the master bedroom. Attached garage allows you to enter the home and avoid any ill weather, As you walk up to the house you are met with Spanish broom fragrant flowers all Spring long, the front yard and back yard overlook green space Where the deer, elk and wild horses roam. Peaceful and Serene setting you must see

306 Barcus Rd, Ruidoso

$409,000

3 Beds ⋅ 2 Baths ⋅ 134720 MLS

This private 3 bedroom, 2 bath oasis in the pines, on over an acre, is located on a dead end street, where the wildlife has been enjoyed from the picture windows of the sunroom & off the back deck. A flagstone courtyard welcomes you to a great room style living area with a large breakfast bar to congregate around. Easy care tile and stylish faux painting throughout most of the home. 2 bedrooms and a bath are on the main level. The cozy primary suite is below, with access to outside near the carport. The home is in the Sun Valley Subdivision, and the 2 lots included behind are in the La Junta Subdivision. Being sold with appliances only.

116 Sunland Rd, Alto

$450,000

3 Beds ⋅ 4 Baths ⋅ 134715 MLS

This beautifully updated condo is located in the heart of Ruidoso and offers 3 bedrooms and 4 bathrooms. Thoughtful updates throughout create a comfortable and inviting space, perfect for a full-time residence, vacation getaway, or investment property. With a convenient location close to shopping, dining, recreation, and all that Ruidoso has to offer, this condo is a wonderful opportunity to enjoy mountain living with modern comforts.

101 Racquet Pl Unit 7, Ruidoso

$265,000

2 Beds ⋅ 3 Baths ⋅ 134707 MLS

Warm, inviting, and full of mountain character, this 2 bedroom 2.5 bath condo offers the perfect blend of original charm and thoughtful updates. The living area welcomes you with vaulted beamed ceilings, a classic stone fireplace, and plenty of natural light, creating a cozy space to relax after a day in the mountains. The updated kitchen and new flooring bring modern comfort while keeping the home's cabin feel intact. Step outside to the spacious deck and take in the pines and mountain views. Two comfortable bedrooms, a convenient half bath, and a laundry area makes it easy to settle in. Whether you're looking for a weekend getaway, a potential short-term rental, or a place to call home, this condo is ready to welcome you.

220 Lookout Dr Unit A4, Ruidoso

$448,900

3 Beds ⋅ 2 Baths ⋅ 134710 MLS

Built in 2012, this 3-bedroom, 2-bathroom mountain home sits on over 2/3 of an acre across two separate lots. The property features fresh exterior paint, a metal roof, air conditioning, and 360-degree views of the surrounding mountains, valleys, and the Village of Ruidoso. Inside, the open floorplan offers tongue-and-groove pine ceilings, recessed lighting, and a central floor-to-ceiling stone fireplace. The kitchen includes a large tile-top island, solid wood cabinets, and stainless steel appliances, with direct access to the covered deck. Complete with a large gravel driveway and generous parking.

111 Pine Shadow Trl, Ruidoso

$239,000

3 Beds ⋅ 2 Baths ⋅ 134709 MLS

Move-in Ready One Level 3 Bedroom 2 Bath Condo inside Palisades Condominiums. Level Access, Wood Flooring throughout the Large Open Living Area. Vaulted Beams, Fully Furnished. Brick Fireplace, Granite Countertops, private patio. Turn key Convenient Location.

704 White Mountain Dr Unit 8, Ruidoso

$399,000

5 Beds ⋅ 3 Baths ⋅ 134703 MLS

This 5 bedroom, 3 bathroom spacious home has modern comforts and great views--this one checks all the boxes! Enjoy stunning mountain views from the back deck, perfect for relaxing or entertaining. Inside, you'll love the spacious kitchen featuring stainless steel appliances and pantry. Additional highlights include a metal roof and a handy workshop--ideal for projects, storage or game room.

112 Mt Ter, Capitan

Lincoln County NM Homes Under $500,000

How much is your home worth?

How much is your home worth?