Lincoln County NM Homes Under $500,000

Very unusual, spacious home with so much to offer, 4 bedrooms, 2 baths, one level, nice tile & ''wood'' vinyl flooring, living room had gas log FP, dining area, spacious kitchen, plus extra-large room could be den/office/artist's retreat-so many possibilities. Great buy w/large floor plan! Views off the back looking to the Racetrack. Owner occupied. Must call for appt. to show!

106 W Circle Dr, Ruidoso Downs

$379,000

2 Beds ⋅ 2 Baths ⋅ 133567 MLS

Price improvement alert! Welcome to Oso Vista Cabin, a charming and well-appointed mountain getaway with stunning views of Sierra Blanca and surrounding peaks. This home has a proven rental track record and is ideal as an investment property, a vacation home, or both. Too many upgrades and perks to list here, including a secure storage unit, expanded front and back decks, and the fact that the property comes fully furnished. Comfort and relaxation are the name of the game, here. This adorable, comfortable cabin is a must-see for anyone seeking an escape from the summer heat.

201 Yellow Pine Rd, Ruidoso

$249,000

2 Beds ⋅ 3 Baths ⋅ 133559 MLS

This end-unit condo is as turn-key as it gets. Fully furnished with a proven rental history, the condo would make a great investment property, vacation home, or permanent residence. Each bedroom has its own dedicated full bathroom, and the bright, cheery back deck opens up over The Links Golf Course and walking trail, with Sierra Blanca views while you fire up the grill. A gas fireplace keeps the place cozy on chilly winter nights, and central A/C cools it down in the summer. Its prime location offers quick access to most Ruidoso attractions. Ample privacy and dedicated parking are just a couple more perks. Check it out before it's gone!

604 White Mountain Dr Unit 701, Ruidoso

$268,000

2 Beds ⋅ 2 Baths ⋅ 133554 MLS

Great cabin style 2 bedroom/2 bath (possible 3rd small bedroom or office) home in Alto. All 1 level with cozy fireplace separating the living area and kitchen. Large front deck, close to half acre lot with a single carport and 10x12 attached storage. HVAC- new in 2024, Refrigerator, dishwasher, washer/dryer, gas stove, gutters, and water heater- all new in 2025! Community water with friendly base cost, come check it out today! HOME HAS JUST BEEN CLEANED & NEW CARPET IS ON THE WAY!!

340 Enchanted Forest Loop, Alto

$237,000

2 Beds ⋅ 3 Baths ⋅ 133549 MLS

Soak in the views of Sierra Blanca from this turnkey 2 bdr. 2 1/2 bath. This end unit location provides extra light & a roomy deck to relax & enjoy the golf course & mountain views. Owners have done updates like easy maintenance vinyl flooring & windows Cozy up by the wood burning f/p after you've come back from your adventures. Right across from multi-purpose trail, taking you a short distance to pickleball, dog park, sports fields, library, schools.. Perfect for lock & leave, rental or full time living.

604 White Mountain Dr Unit #208, Ruidoso

$285,000

4 Beds ⋅ 2 Baths ⋅ 133548 MLS

THINKING ABOUT A MOVE TO THE MOUNTAINS? Take a look at this spacious 3 bedroom 2 bath home with second living area/media room and bonus room to fit your needs. The primary bedroom features soaring ceiling, walk-in closet plus bath with both walk-in shower and garden tub. Spacious kitchen with eat-in dining area. Fenced back yard plus both front and back covered decks. Make sure you see the mattaport virtual tour to get a better feel. Ask about the list of updates available. You'll appreciate the pride of ownership here. Abundant storage too.

206 Griffith Dr, Ruidoso Downs

$449,500

3 Beds ⋅ 2 Baths ⋅ 133502 MLS

Enjoy convenient single-level living in this 3-bedroom, 2-bath home with no steps and a level lot. The open-concept kitchen and living area include a pantry and separate laundry room that connects to the spacious two-car garage. Additional features include central air and heat, a built-in pellet stove fireplace, all city utilities, and scenic ponderosa pine surroundings. Located just minutes from the Medical Complex, this property is ideal for health professionals. Seller financing is available to qualified buyers.

102 Cummings Dr, Ruidoso

$133,700

1 Beds ⋅ 1 Baths ⋅ 133498 MLS

Sitting creekside you will enjoy the one level living in this well maintained condo. Updated LPV flooring & tile floors make upkeep a breeze. Relax by the fire or sit on the cozy porch & watch the ducks! Close access to hiking trail into the forest too! Fully furnished & ready to enjoy. Fantastic location between Ruidoso and Inn of the Mtn. Gods. Perfect for year round enjoyment, vacation property, full time or successful STR.

904 Carrizo Canyon Rd Unit #125, Ruidoso

$495,900

3 Beds ⋅ 2 Baths ⋅ 133496 MLS

Adorable FULLY FURNISHED Cabin in the Woods! Extreme Makeover to this 1 level, 3 Bed/2 Bath-new composite decks, new vinyl flooring, exterior paint, NEW Metal ROOF installed Jan. 2026, Open/split floorplan with corner rock fireplace, breakfast bar island, dining area and breakfast nook-3 deck areas, new bathrooms, and furnished to the max! Washer/Dryer, new stainless appliances-would make such a great getaway to entertain guests or your family! Get your showing scheduled today!

112 Coronado Dr, Ruidoso

$399,000

3 Beds ⋅ 2 Baths ⋅ 133495 MLS

This 3-bedroom, 2-bathroom home offers plenty of room for everyone with nice updates throughout. Tons of extra living space, including 2 bonus rooms that can easily be customized to suit your needs -- whether you're looking for a home office, a playroom, or extra guest accommodations. You'll find an open-concept living area that seamlessly connects the kitchen, dining, and living room, creating a warm and inviting atmosphere for family gatherings and entertaining. Great location close to restaurants, shopping & other amenities including the Links Golf course & walking trail. New furnace installed in 2024.

106 Socorro Cir, Ruidoso

$289,000

2 Beds ⋅ 2 Baths ⋅ 133478 MLS

Beautiful 2 Bed/2 Bath Mountain Home with Sweeping Views - This thoughtfully designed and well maintained property features an open kitchen, living, and dining area with a river rock wood-burning fireplace. Highlights include stainless steel appliances, fully remodeled bathrooms, mini-split units for efficient heating and cooling, and a spacious deck offering expansive views of the mountain scenery. Conveniently located near all local amenities, this updated mountain home is ideal as a full-time residence or an investment opportunity!

138 N Oak Dr, Ruidoso

$333,000

3 Beds ⋅ 4 Baths ⋅ 133476 MLS

This is the perfect investment property! 3-bedroom, 4-bathroom condo with a view, great location and close proximity to enjoy incredible amenities covered by the HOA, including a 3-par, 9-hole golf course, a trout-fishing lake, pickleball and tennis courts, and a heated outdoor seasonal swimming pool. Ample parking and great entertaining space for outdoor dining. Furnishings included.

214 Metz Dr Unit 242, Ruidoso

$399,000

3 Beds ⋅ 2 Baths ⋅ 133467 MLS

Escape to this cozy 3-bed, 2-bath cabin with an amazing deck underneath the trees 🌲. Located on a quiet mountain cul-de-sac just north of Airport Road, this home is the perfect place to relax and unwind. Come take a look--you'll love what it has to offer!

108 Pine Knot Trl, Alto

$425,000

2 Beds ⋅ 2 Baths ⋅ 133464 MLS

Beautiful 2 Bedroom / 2 Bathroom, Fully Furnished, Contemporary Cabin in the Woods. This Move-In ready, Open floor plan home has been Completely Remodeled to include Granite Countertops, Stainless Steel Appliances, Brush Gold & Black Faucets, Hardware & Light Fixtures, Tile, New Kitchen & Bathroom Cabinets. The Interior & Exterior of the cabin Repainted as well. Full Golf Membership to 3 private country clubs. Alto Lakes, Outlaw & Kokopelli. Come & enjoy all the amenities this membership offers. Indoor lap pool, Outdoor swimming pool, Workout facility, Fishing pond. Gourmet Restaurant & Lounge

184 Midiron Dr, Alto

$160,000

2 Beds ⋅ 2 Baths ⋅ 133453 MLS

Site-built cabin, with a lovely setting on top of a hill with panoramic Mountain views - Sierra Blanca, Capitan Mountains, Nogal Peak, Sacramento Mountain Range. On approximately 2.75 acres this 2 bedroom, 1 1/2 baths, 2 level home is compact, cozy & comfy. Front & back decks to enjoy both morning and afternoon sun along with the great mountain views in Capitan, home of Smokey Bear!. There is a small fenced in area for dogs. The home some TLC, but a great value for the price. There are 2 outbuildings. One has laundry & storage areas and the other has a workshop & storage area. Home is on Village of Capitan water. This property is priced to sell as it is. Seller will not do any repairs or upgrades. Great starter home or weekender. Very private setting & at night you can see all the stars

137 Lavano Dr, Capitan

$389,000

4 Beds ⋅ 4 Baths ⋅ 133451 MLS

Lots Of Possibilities! Easy Access! 4 bedrooms and 4 baths, which could be separate living spaces upstairs and downstairs complete with outside entrance to each. Full kitchen upstairs and mini kitchen downstairs. This property could be for fulltime residents, your own mountain escape or has been a nightly rental. Nice sitting area off the master bedroom upstairs, large sunroom/dining area off main kitchen complete with deck off the back. There is opportunity to remodel the upstairs to fit your style, while the downstairs has been remodeled. Good sized lot. Must see in person!

106 Cree Meadows Dr, Ruidoso

$314,900

2 Beds ⋅ 3 Baths ⋅ 133435 MLS

PANORAMIC SIERRA BLANCA VIEWS!! Great 2BR/2.5BA remodeled end-unit condo. Breakfast bar, kitchen stainless appliances, granite and butcher block countertops. Condo includes central heat/ac, pellet fireplace and vaulted ceilings. Essential covered carport parking, completely furnished, and laminate flooring. Metal roof and low maintenance deck with awning. Here is just your kind of easy-going comfort!

119 Granite Dr, Ruidoso

$360,000

4 Beds ⋅ 3 Baths ⋅ 133422 MLS

Discover mountain living at its best in this spacious 4-bedroom, 3-bathroom home located in an established neighborhood. Perfect as a full-time residence, vacation getaway, or investment property, this inviting home offers comfort, functionality, and plenty of room to spread out. Upstairs, you'll find 3 bedrooms and 2 bathrooms, including a comfortable primary suite, while the lower level features a private bedroom and full bath--ideal for guests, extended family, or multi-generational living. Storage is never an issue here--this home offers multiple storage areas throughout, plus an expansive crawlspace with room for a workshop or craft area. The property is being offered mostly furnished, making it easy to settle right in. Due to the already low price, this home is being sold As-Is.

207 Rio Arriba Rd, Ruidoso

$239,000

2 Beds ⋅ 2 Baths ⋅ 133406 MLS

2-bedroom 2-bath Single-Level condo at Alto Mountain Village. This unit features real wood flooring, granite kitchen, and partially covered decks that look out over a beautiful green space. Decks were completely replaced as of November 2025. Sold mostly furnished, this move-in ready condo provides a great opportunity for full-time living or a relaxing mountain getaway.

163 Alto Alps Rd, Alto

$199,000

3 Beds ⋅ 2 Baths ⋅ 133400 MLS

New updates throughout in this 3 bedroom, 2 bath condo! Upper level unit with outside deck and wood burning fireplace. Recent updates include New furnace, New laminate flooring, New double pane bedroom windows, black out blinds on all windows, New portable a/c and New toilet in guest bathroom. Don't miss this opportunity!

102 Raymond Buckner, Unit 11, Ruidoso

$239,000

2 Beds ⋅ 2 Baths ⋅ 133382 MLS

471 Paradise Canyon is a 2 bedroom, 2 bath, 2 level home. Walk in to living room, dining room & kitchen to left. Back deck access through kitchen. Through hallway is bathroom and bedroom number one. Through door downstairs is a bonus room, large laundry & utility room/storage. To left of stairs is guest bedroom & bath number two. Access to back yard through back door. Seasonal creek runs through back yard. Wood burning fireplace. Baseboard heat. New Roof, new front & back deck!

471 Paradise Canyon Dr, Ruidoso

$475,000

3 Beds ⋅ 2 Baths ⋅ 133368 MLS

Beautifully remodeled 3- bedroom, 2-bath home with stunning Sierra Blanca views! This move-in-ready property features a spacious open layout, a large, covered deck perfect for relaxing or entertaining, and a gorgeous, well-kept yard. Enjoy plenty of storage with two storage units and the convenience of a two-car garage. A truly charming home that blends comfort, style, and incredible mountain scenery - don't miss it!

121 Niblic Ct E, Ruidoso

$444,000

3 Beds ⋅ 2 Baths ⋅ 133350 MLS

Completely Reimagined Mountain Retreat - Turnkey & Fully Furnished. Perched in perfect seclusion yet just minutes from midtown, this stunning 3-bedroom, 2-bath home has been meticulously remodeled from top to bottom and comes fully furnished--ready for you to move in and start living the mountain lifestyle today.Step inside and be greeted by a breathtaking wall of windows framing panoramic mountain views that flood the open living spaces with natural light. Expansive wrap-around decks on multiple levels invite you to soak in the ever-changing vistas, morning coffee in hand or evenings under the stars. No detail was overlooked in the comprehensive renovation: Brand-new electric & plumbing throughout, Newly drilled private well + septic system Four efficient mini-split units for year

121 Squaw Trl, Ruidoso

$180,000

2 Beds ⋅ 2 Baths ⋅ 133347 MLS

Quaint 2 Bedroom/2 Bath Stucco Home in Corona, NM. Nice open floorplan with entry coat closet, large living/kitchen area with Island, nice cabinetry, granite counters, stainless steel appliances, water softener, tiled flooring, pellet stove, utility room, and extra versatile room off the kitchen for an office/workout area or sunroom. Guest Bath has walk-in shower & master bath has large jetted tub. Fenced backyard and Shop for hobbies/storage in back too! Metal Roof, coyote fence in front with gate to driveway/carport- Perfect for rental! Recently had sale to clear out-needs a bit more clearing, but lots of potential and Easy Access!

260 Franklin St, Corona