Lincoln County NM Homes Under $500,000

Beautiful condo with peaceful views of the woods and great deck space to relax or entertain! Featuring an open living area, and a cozy gas start, wood-burning fireplace, this mountain retreat blends charm and comfort. There are 3 baths, and 3 spacious bedrooms for family and guests. Located close to skiing, hiking, and all your favorite mountain activities. Turnkey, and ready for your Ruidoso getaway or rental opportunity!

122 Mountain Sun Trl, Alto

$160,000

2 Beds ⋅ 3 Baths ⋅ 133335 MLS

1040 Mechem Dr. Unit 12 is a 2 bed, 2 bath, 2 level condo. Front door is accessed from lower level back parking lot. Back door upper level is accessed from front parking lot behind commercial building. Lower level entrance leads to hallway where you will find both bedrooms & jack & jill style bathroom. Living room, kitchen, laundry area, and 1/2 bath located on upper level along w/ front & back deck and patio areas. Centrally located. Short distance to Jacks Back Stage event venue, Links golf course, & more. Short term rentals allowed. $280 monthly Condo Association Fee includes Maintenance Grounds; Sewer; Trash; Water.

1040 Mechem Dr Unit 12, Ruidoso

$269,900

2 Beds ⋅ 2 Baths ⋅ 133324 MLS

Beautiful Ruidoso Condominium!! This 2 bedroom 2 bath makes for a great investment for personal use, as well as a rental. Currently it is used for both and seller can provide rental history upon request. New water heater was installed upon ownership of current owners. Sierra Blanca views with plenty of space and walking distance to shopping in mid-town. Corner unit with a very comfortable back patio to enjoy your morning, evenings, and BBQ. Wood burning fireplace and stainless steel appliances Turn key functionality, being sold fully furnished! Don't miss out on this opportunity!

113 Bogie Ln Unit 17, Ruidoso

$275,000

2 Beds ⋅ 2 Baths ⋅ 133317 MLS

Welcome home to this charming 2-bedroom, 2-bath A-frame cabin just minutes from Midtown Ruidoso! The open living area and bright kitchen create a cozy, welcoming feel, perfect for relaxing or entertaining. Enjoy the outdoors on the front deck or back balcony. A storage shed and a spacious workshop/garage offers plenty of room for projects, storage, or mountain toys. Located in the county, there are no city restrictions! Plenty of parking for everyone! Take in the fresh air and mountain views from the deck and make this inviting cabin your Ruidoso getaway! -- New roof installed 2022. All new plumbing, upstairs bathroom redone, new paint and retaining wall repaired in 2025

318 Apache Trl, Ruidoso

$379,900

3 Beds ⋅ 2 Baths ⋅ 133289 MLS

Welcome to this beautifully maintained single-level retreat nestled in the serene mountain village of Ruidoso, New Mexico. Generous open-concept living: the spacious living room flows seamlessly into the dining area and kitchen--ideal for casual living and entertaining. Comfortable sleeping quarters: three well-sized bedrooms and two full baths. Built in 1995 and in a solid Southwest home style, the home blends nicely with the mountain-town character of the area. With its size, lot and setting, this property represents a rare opportunity--especially for someone seeking primary residence, weekend getaway or mountain-town investment property!

111 University Dr, Ruidoso

$369,500

3 Beds ⋅ 2 Baths ⋅ 133283 MLS

WHITE MOUNTAIN ESTATES A-FRAME! Stucco home offers 3BD/2BA situated on approximately 0.374 acres. High vaulted ceiling in the living area with tree and mountain views. Pellet stove insert in living area and mini-split unit in second floor bedroom. Corner lot with circular drive access. Uncovered front deck to relax and entertain. Stainless style kitchen appliances with granite countertops. Third level has two bonus sleeping rooms. Back deck is scheduled for replacement. Enjoy mountain living! Partially furnished too!

201 Mcbride Dr, Ruidoso

$134,500

2 Beds ⋅ 1 Baths ⋅ 133253 MLS

Welcome to Alto Alps Mountain Village! This two-bedroom, one bathroom condo is the perfect getaway mountain vacation property! Open concept living and kitchen area with a cozy fireplace! The primary bedroom has a bathroom ensuite with claw foot tub! Step outside the sliding doors and enjoy the mountain air on new decks with views of the Capitan mountains! This condo comes fully furnished and is a turnkey rental!

154 Mountain Sun Trl, Alto

$197,950

3 Beds ⋅ 2 Baths ⋅ 133234 MLS

Cozy and inviting, this charming 3-bedroom, 2-bath condo at Pinecliff Village in Ruidoso offers the perfect mountain getaway. Nestled among the tall pines, this fully furnished condo features an open-concept living area with a warm gas log fireplace, a well-equipped kitchen, and a dedicated dining space--ideal for relaxing or entertaining.Whether you're seeking a weekend escape or a full-time residence, this condo provides the perfect blend of comfort, convenience, and mountain charm. Pool area has a BBQ and dedicated party area by the pool to be used by all. Don't miss your chance to own a slice of the Ruidoso lifestyle!

25972 Us Hwy 70 Unit 1004, Ruidoso

$373,500

3 Beds ⋅ 2 Baths ⋅ 133229 MLS

Beautifully Updated Single Level 3BD/2BA Mountain Home - Property features vaulted ceilings, an open kitchen, living, and dining area, a spacious front deck, fenced dog run, covered carport, and extra storage. The large primary suite sits on its own wing, offering peace and comfort. Updates include a new gas fireplace from The Stove & Spa Store, updated water heater, and modern finishes throughout. Conveniently located near dining, The Links walking trail, and town--this move-in ready property is perfect for a full-time home, weekend getaway, or nightly rental.

202 White Mountain Meadows Dr, Ruidoso

$459,000

4 Beds ⋅ 3 Baths ⋅ 133222 MLS

Beautifully fully furnished turnkey home centrally located. Easy access and on a level lot. This home combines convenience and comfort. Two master bedrooms. Has been a nightly rental, but would be great as your mountain escape or full-time home. Must see!

217 Barcus Rd, Ruidoso

$439,000

3 Beds ⋅ 2 Baths ⋅ 133168 MLS

CLASSY REMODELED MOUNTAIN-STYLE HOME! This beautifully updated 3BD/2BA home sits on approx. 0.391 acre corner lot with paved, easy access & two-car garage. Convenient location offering wooded valley views, city utilities & is forestry compliant. The home features a spacious open-concept kitchen, dining, and living area, and a large solid-surface kitchen island. Warm up by the wood-burning fireplace, and appreciate the extras such as a water softener, RO unit, and partially furnished. Enjoy outdoor living with a front entry deck, a wraparound deck from the living area, & a backside deck with metal railings, perfect for taking in the wooded valley views. The fenced backyard includes a charming sitting area & the metal roof with gutters adds durability and low maintenance. A Must See!!

100 Heath Dr, Ruidoso

$469,000

3 Beds ⋅ 1 Baths ⋅ 133161 MLS

Historic Adobe Retreat by the River. Step into timeless charm with this handcrafted 3-bedroom, 1-bath original adobe home. Thoughtfully updated with a modern kitchen and bath, it blends historic character - exposed beams, authentic details - with today's conveniences. Enjoy outdoor entertaining along with peaceful river surroundings and a location just minutes from the Hurd Gallery and Lincoln National Forest. This is a rare opportunity to own a piece of history with authentic Southwestern style. Home sells fully furnished. HVAC installed and property is on well, septic and propane. This is truly a must see if you love the classic adobe-style home nestled along the beautiful Rio Ruidoso River.

157 Calle El Ojito Rd, Hondo

$170,000

2 Beds ⋅ 1 Baths ⋅ 133145 MLS

Affordable, cozy and very quiet! This Big Pines condo has just enough room with a covered deck to enjoy the views while you barbecue.

102 Raymond Buckner Dr Unit 7, Ruidoso

$350,000

3 Beds ⋅ 2 Baths ⋅ 133135 MLS

Mountain cabin meets farmhouse! This house is quaint and cozy! The feel of the mountains comes alive in the wood, the sunroom, and the natural light that floods this home. Two bedrooms are downstairs with two completely remodeled bathrooms. One loft bedroom is upstairs that could also be used as an office or bonus room that has a secret room in it. The radiant floors and floor furnace keep the house toasty warm. This home is peaceful with undisturbed comforts on the back patio. Let your mountain living dreams come true in this charming, comfy home.

312 Sun Vly, Alto

$498,000

3 Beds ⋅ 2 Baths ⋅ 133098 MLS

Tucked among tall pines in the heart of Ruidoso, this single-level 3-bedroom, 2-bath home offers sweeping Sierra Blanca and Sacramento Mountain views on nearly an acre. A circular driveway leads to the covered entry, while the fenced backyard and covered rear deck create a peaceful setting for enjoying the wildlife. The spacious kitchen features a breakfast bar, and the living room showcases a gas fireplace. Custom light fixtures throughout add character, while the primary suite offers a custom shower and walk-in closet. Central air provides year-round comfort. A 2-car garage and separate RV garage with 12-foot door provide exceptional storage. Two additional rooms offer flexible bunk or sitting space, plus two unfinished bonus rooms below. Furniture and appliances included.

106 Willie Horton Dr, Ruidoso

$253,000

2 Beds ⋅ 3 Baths ⋅ 133020 MLS

Great condo in a beautiful condo community with a hard-to-come-by garage! The location gives a bit of a secluded feel as it sits back in the complex. This 2 bedroom, 3 bath condo has an easy, split floor plan layout with a bonus room that could easily be made into a third bedroom. There is a gas fireplace in the living room, ample kitchen space, and separate dining area. The unit has a new extended deck and comes mostly furnished with only a few exceptions. Call for your viewing today!

112 Mountain Sun Trl, Alto

$152,000

2 Beds ⋅ 1 Baths ⋅ 133034 MLS

Updated 2 Bedroom, 1Bath upper level Condo. Huge Fireplace, Updated Flooring, Covered Deck offering Low-Maintenance Living. Located near Restaurants, shopping, Trails around the Links Golf Course. Great Investment Opportunity. Owner may carry***

102 Raymond Buckner Dr Unit 8, Ruidoso

$150,000

3 Beds ⋅ 2 Baths ⋅ 133028 MLS

This clean 3-bedroom, 1.5-bath home offers fresh interior paint and plenty of space inside and out. A versatile bonus/craft room adds extra functionality--ideal for creative projects, a home office, or playroom.Enjoy a spacious, fully fenced yard perfect for pets, gardening, or outdoor gatherings. Located in a quiet rural neighborhood, this home provides a peaceful setting with easy access to nearby amenities.Move-in ready and full of potential--come see all it has to offer!

601 East Ave, Carrizozo

$299,500

3 Beds ⋅ 2 Baths ⋅ 133002 MLS

LOG STYLE CABIN & CONVENIENT LOCATION! Cabin is in the heart of town with two lots-on the corner of Second and D. Offers 2BD/1BA on the main level and outside entry to the lower area is another 1BD/1BA. Offers that old rustic cabin feel with nice wood and stone accents with wood burning stove. Washer/dryer in the storage area off the kitchen area. Also includes a storage building. A Must See!

401 Second St, Ruidoso

$454,000

3 Beds ⋅ 2 Baths ⋅ 132980 MLS

Views! Views! Views! Sierra Blanca and Mountain Ranges. Enjoy the Mountain air and the abundant wildlife; elk, deer and horses.Updated Furnished Immaculate Mountain Home. 3 Bedroom, 2 Bath, home nestled on a hill in Country Club Heights. Master Bedroom Balcony and back Deck are Trex. Central A/C, Gas Log Fireplace, Beautiful laminate floors. Lots of Natural Light through out. *2025 New Triple Pane windows and new sliding doors. *2/26 New Water Heater. Large space underneath the home can be a Workshop, Storage or a Hobby area. *Hot tub stays! This is a Must See! (Appointment Needed)

204 Hull Rd, Ruidoso

$249,000

3 Beds ⋅ 2 Baths ⋅ 132939 MLS

Tucked up high this 3 bdr. 2 bth, mountain cabin makes the perfect spot for full or part time living. Good off street parking w/circle drive. Covered deck with room for outdoor relaxation & dining. Views toward the SE of through the trees to the hills beyond. A small fenced area for your pets, large storage beneath the home. All city utilities, selling furnished. Current STR but would be a good full time residence or long term rental. All City utilities, metal roof too, don't miss this great buy!

122 Maple Dr, Ruidoso

$249,000

2 Beds ⋅ 2 Baths ⋅ 132876 MLS

Two bedroom, two bath home, nestled in the scenic mountain village of Ruidoso, this home offers a peaceful retreat surrounded by the natural beauty of southern New Mexico. This property sits in a quiet area with easy access to the town's charming shops, restaurants, and outdoor attractions. With its charm and tranquil setting, it's a great spot for a cozy getaway or a full-time mountain lifestyle.

133 Junction Rd, Ruidoso

$264,900

4 Beds ⋅ 3 Baths ⋅ 132874 MLS

Welcome to peaceful mountain living in the pines! This condo features four bedrooms, three bathrooms with an open concept living room, updated kitchen and dining room! New flooring and paint throughout as well as new appliances. The main room is illuminated by natural light and wooded views! Bedrooms one and two both have an ensuite bathroom and have french doors that lead to the private back deck. The bottom two rooms and bathroom can be utilized as separate living quarters each with their own access. Relax on the front deck under the trees while viewing wildlife! This versatile mountain condo is the perfect place to call home!

115 Whispering Pines Way, Alto

$499,000

3 Beds ⋅ 2 Baths ⋅ 132872 MLS

Discover the perfect blend of tranquility and comfort in this inviting single-level 3-bedroom, 2-bath home with a 2-car garage, complete with a desirable social membership to the prestigious Alto Lakes Golf & Country Club. Step inside to an open-concept floor plan bathed in natural light, featuring a delightful kitchen equipped with wood cabinetry, stainless steel appliances, and a convenient center island--ideal for everyday living and entertaining. The primary suite offers a peaceful retreat with a walk-in closet and ensuite bath. Additional highlights include a cozy stacked-stone wood-burning fireplace, recessed lighting, ceiling fans throughout, and stylish vinyl wood-plank flooring. Outside, the deck space beckons for gatherings all set on a private, peaceful one acre lot.

107 Valley Ct, Alto