Lincoln County NM Homes Under $500,000

323 Carters Ln, Ruidoso

Adorable One level Cabin in the woods surrounded by towering Ponderosa Pine trees. This Fully furnished, Move In ready 2 bedroom, 2 & 1/2 bath home has everything you could want in your next home. Open Floor Plan, Breakfast Bar, Metal roof, Paved driveway with additional parking at the street. Awesome outdoor space with covered Front & Back Decks.

302 Sun Valley Rd, Alto

$389,500

3 Beds ⋅ 2 Baths ⋅ 134369 MLS

WELL MAINTAINED, ONE-LEVEL STUCCO HOME! Great, conveniently located 3BD/2BA including a two-car garage with a circular driveway. Partially fenced and has a cozy fireplace. Enjoy central forced air heat and air conditioning. Situated on approximately 0.307 acres, you have year-round access, and a front and back deck perfect for relaxing and entertaining. Don't miss out!

213 Sunny Slope Dr, Ruidoso

$202,000

2 Beds ⋅ 2 Baths ⋅ 134365 MLS

Turnkey 2 bedroom, 2 bathroom condo in Pinon Park with coveted Sierra Blanca views. Selling Fully Furnished-Ready to enjoy the beautiful mountains of Ruidoso. The living room is open to the kitchen with a separate dining area. Bedrooms are spacious with a private deck off of the main bedroom & a covered deck off the living area as well as a 1/2 bath. Book your showing today!

110 Jack Little Dr Unit C-22, Ruidoso

$395,000

2 Beds ⋅ 2 Baths ⋅ 134364 MLS

VIEWS FOR DAYS! This well-appointed cabin is just a couple a minutes from the heart of Ruidoso and Wingfield Park. The just-refinished wrap-around deck features 180-degree views of Sierra Blanca and the surrounding mountains. Renovations and upgrades within the last 5-6 years include new HVAC & plumbing underneath the home, vinyl flooring throughout, granite countertops, soft-close kitchen cabinets, and a new furnace, A/C unit, fridge, electric range, microwave, dishwasher, washer/dryer, water heater and water softener. The exterior of the entire house is covered in fire-resistant Hardie Plank fiber cement siding. Come for the coziness and comfort, but stay for the breathtaking panoramic views. This warm and inviting home is going to make someone very happy.

706 Center St, Ruidoso

$130,000

4 Beds ⋅ 1 Baths ⋅ 134363 MLS

Charming 1930 two-story home in the heart of Capitan! This 1,341 sq. ft. fixer-upper offers 4 bedrooms, 1 bath, and endless potential for restoration or investment. Original wood floors add character, while the kitchen and bathroom feature tile flooring. Outside, you'll find several outbuildings providing excellent storage or workshop space, including one formerly used as a pottery studio--perfect for artists, hobbyists, or a home business. A greenhouse offers additional possibilities for gardening enthusiasts. Conveniently located directly across from the Capitan Library, this property is full of historic charm and waiting for someone to bring it back to life. Don't miss this unique opportunity to create something special in a great small-town location!

103 E 2nd St, Capitan

$215,000

1 Beds ⋅ 1 Baths ⋅ 134357 MLS

Adorable cabin in the woods with storage, parking & a large backyard. This little gem is not to be missed, with upgrades that include new flooring, appliances, wood-burning stove, A/C unit & more. The thoughtfully xeriscaped landscaping was designed by a wildlife biologist and is a haven for bird lovers -- see photos, all of which were taken in the back yard. A large, recently installed exterior shed with insulation & overhead storage can be used as a workshop, or for any number of projects. The sellers are including 2 cords of firewood, housed under the custom-built shelter beside the home. This quaint residence on a quiet street will make a great short-term rental, part-time getaway to the cool mountains, or permanent home. Close to many Ruidoso attractions... this one is a must-see.

110 Cardinal Dr, Ruidoso

$369,000

3 Beds ⋅ 2 Baths ⋅ 134347 MLS

Perfectly located just off Midtown and next to Wingfield Park, this beautifully updated single-level home offers the ideal blend of convenience, comfort, and mountain living. Currently a successful nightly rental, it's being sold fully furnished and is ready to continue as an investment, private getaway, or full-time residence. Recent updates include new appliances, fresh interior and exterior paint, and a new deck. The spacious yard and ample parking add to the appeal, while the walkable location puts you just steps from Midtown shopping, restaurants, bars, festivals, and outdoor events. Minutes from Grindstone Lake and Lincoln National Forest, this home offers everything you want in a Ruidoso mountain retreat. Residential buyers receive a complimentary one-year home warranty.

312 Grindstone Canyon Rd, Ruidoso

$399,900

3 Beds ⋅ 2 Baths ⋅ 134345 MLS

Upper Canyon nostalgia is alive and well! Escape to cool summer forest days in the Year-Round Playground of the Southwest. Fire up the grill, dine beneath the pines, soak in the private hot tub, or simply relax on the expansive deck where life really is better at altitude. This turnkey, fully furnished 3-bedroom, 2-bath mountain retreat is ready for immediate enjoyment as your full-time home, vacation escape, or income-producing nightly rental. Warm, inviting living spaces and abundant outdoor entertaining make it easy to gather with family and friends. Tucked away in the coveted Upper Canyon, you're just a short walk to Midtown Ruidoso and only 10-15 minutes from golf, hiking, fishing, shopping, dining, casinos, and Ski Apache. Your mountain memories begin here!

132 Ebarb Dr, Ruidoso

$320,000

3 Beds ⋅ 2 Baths ⋅ 134337 MLS

Discover comfortable mountain living in this 3-bedroom / 2-bath home with office/bonus room. Centrally located in Ruidoso this home boasts a 1 level floor plan for easy access and plenty of room for family and guests. Inside you'll find 2 separate living areas adding flexibility for entertaining, relaxing, office, or craft room. Stay comfortable year round with the central AC/Heat and 2 wood burning stoves. In the back you will find a fully fenced yard perfect for your pets or gardening needs and a storage building with electricity. Mature peach and apple trees offer seasonal fresh fruit as well. Enjoy your morning coffee or evening wine on the front deck under the large pine trees. Don't miss your opportunity to own this versatile home in the heart of Ruidoso!

507 Mary Dr, Ruidoso

$369,900

3 Beds ⋅ 2 Baths ⋅ 134331 MLS

Your Ruidoso getaway awaits! Nestled in the Year-Round Playground of the Southwest, this charming 3-bedroom, 2-bath mountain retreat is equally suited as a full-time residence, vacation home, or income-producing rental. The open-concept living area features soaring vaulted ceilings, warm wood accents, abundant natural light, updated flooring, and a stunning floor-to-ceiling river rock wood-burning fireplace. Relax or entertain on the spacious deck surrounded by tall pines. Situated on two lots totaling approximately 1/2 acre, the second lot has not been platted with the homesite, offering the flexibility to keep or sell it separately. Just 10-15 minutes from Midtown, golf, hiking, fishing, Ski Apache, dining, shopping, casinos, and more--this mountain gem checks all the boxes!

214 Hidalgo St, Ruidoso

$199,000

2 Beds ⋅ 1 Baths ⋅ 134319 MLS

Cozy two - bedroom, one-bath mountain cabin with valley view .Downstairs you'll find a large unfinished basement , with its own separate entrance ,great for extra storage, a workshop ,or future expansion. Perfect peaceful mountain retreat.

131 N Candlewood Dr, Ruidoso

$250,000

2 Beds ⋅ 2 Baths ⋅ 134318 MLS

Perched among the tall pines with sweeping mountain views, this beautifully maintained 2 bed, 1.5 bath condo offers the perfect blend of comfort, convenience, and mountain charm. The spacious living area features soaring vaulted ceilings, abundant natural light, and a stunning floor to ceiling stone fireplace, creating a warm and inviting atmosphere for relaxing after a day of adventure.Enjoy the cool mountain air on the large back deck, and step inside to the open concept layout that seamlessly connects the living dining and kitchen. Experience the beauty of mountain living while staying close to all the excitement of Ruidoso. This fully furnished, inviting condo is ready to become your next getaway, investment opportunity, or place to call home.

220 Lookout Dr Unit A5, Ruidoso

$399,000

4 Beds ⋅ 2 Baths ⋅ 134317 MLS

Stylishly Renovated with Investment Potential or perfect for full time living! This beautifully updated single-level home offers 4 bedrooms, 2 bathrooms, 2286 sq ft+-, and flexible living spaces to fit your lifestyle. Enjoy inviting curb appeal with upscale landscaping, a fully fenced yard, and a covered front patio. Inside, you'll find warm wood flooring, a cozy wood-burning fireplace, a spacious dining area, and an updated kitchen featuring granite countertops and stainless-style appliances. A versatile bonus room can serve as a 4th bedroom, office, or additional living space. Relax outdoors on the private deck with hot tub and privacy fencing. Detached carport, extra parking, convenient location near medical facilities, and desirable C-2 zoning with excellent short-term rental potential

104 Bishop Rd, Ruidoso

$499,999

3 Beds ⋅ 2 Baths ⋅ 134305 MLS

BRING YOUR CLOTHES AND TOOTHBRUSHES AND MOVE IN AND ENJOY THIS FULLY FURNISHED (INSIDE AND OUT) HOUSE LOCATED JUST OFF THE 3rd FAIRWAY OF THE OLD CREE MEADOWS GOLF COURSE. FROM THE ELEVATED/COVERED BACK PORCH YOU CAN ENJOY WATCHING THE ELK/DEER AND WILD HORSES ROAM THE OPEN SPACE. NO GOLF FEES OR HOA. NOT IN FLOOD OR FIRE PRONE AREAS. VILLAGE FIRE SAFE CERTIFIED UNTIL 2035.MUST SEE TO APPRECIATE! UPGRADES TO EXTERIOR: RAILING ON UPPER STAIRS, REBUILT RETAINING WALL ON DRIVEWAY SIDE, RAMP ON LOWER STAIRS, REINFORCED BACK PORCH,SECURITY SCREEN DOORS TO BACK PORCH. UPGRADES INTERIOR: NEW KITCHEN,COUNTERS/CABINETS/SINK/GARBAGE DISPOSAL/BACKSPLASH ,NEW CEILING LIGHTING,NEW WINDOWS/CEILING FANS IN FRONT BEDROOMS,NEW VANITIES IN BATHROOM

124 Course View Dr, Ruidoso

$499,000

3 Beds ⋅ 2 Baths ⋅ 134300 MLS

Welcome to a home filled with warmth, laughter, and years of cherished memories. Nestled among the pines in beautiful Alto, this spacious mountain retreat offers soaring ceilings, abundant natural light, and endless potential to make it your own.The stunning great room features approximately 20 feet of windows, creating a breathtaking focal point and bringing the beauty of the outdoors inside. The home is conveniently located just 1.5 miles from the Alto Lakes and Kokopelli clubhouses.2014 $120K in updated renovations: New Stucco Exterior New Energy efficient windows New blinds New Entrance way New Metal roof New Stamped concrete wrap around porchNew Septic system 2022Also, recent appliance upgrad

196 Deer Park Dr, Alto

$119,000

3 Beds ⋅ 1 Baths ⋅ 134297 MLS

This well maintained property sits in the heart of Carrizozo. Walking distance to the pool or tennis courts. Walk up the front ramp through the front door into a bright living room with a pellet stove and gorgeous hardwood floors. The dining room and kitchen are open to the kitchen and also contain access to the back yard. To your right is a very large bonus room with a wood burning stove and the utility room on one side. To your left sit 3 good sized bedrooms and the bathroom. The house has recently been painted, has a newer roof, and a brand new water heater. The town of Carrizozo is building a brand new school. Come take a look at this beautiful home,

605 5th St, Carrizozo

$329,000

3 Beds ⋅ 3 Baths ⋅ 134295 MLS

This cute cabin is nestled in the beautiful pine trees on a spacious lot with lots of parking, It has been newly updated, and fully furnished. It has new spilt unit A/C units, It also has a small fenced area in the back for your fur babies. This a must see!!!!

102 Grant Dr, Ruidoso

$275,000

3 Beds ⋅ 2 Baths ⋅ 134288 MLS

Newly remodeled and ideally located within walking distance of Midtown Ruidoso, this charming 3-bedroom, 2 bath double wide offers the perfect blend of comfort and convenience. The home features updated finishes throughout, spacious living areas, and a functional floor plan designed for everyday living. Being sold fully furnished, this move in ready home is ready for you to unpack and start enjoying mountain living from day one. Whether you're looking for a full-time residence, a vacation getaway, or an investment property, you'll love being just steps away from shopping, dining, and all that Midtown has to offer.

312 Wingfield St, Ruidoso

$299,000

3 Beds ⋅ 2 Baths ⋅ 134280 MLS

This timeless, single-family home located near midtown, features 3 bedrooms and 2 bathrooms in over 1,600 square feet of living space. The beamed vaulted ceiling, wood burning stove and beautiful hardwood floors showcase the living area. The dining area and kitchen are just off to the side, with the bedrooms conveniently located toward the rear of the home. The corner lot with two circular driveways provides plenty of parking and easy access. Enjoy the covered wrap around deck on the front and side of the home, and an additional cozy deck out back near the fairly new hot tub! A storage shed and space located beneath the front deck provide ample storage.This home is located in the heart of town but retains a sense of tranquility and may be exactly the puzzle piece you've been missing!

117 E Santa Rosa Dr, Ruidoso

$385,000

3 Beds ⋅ 2 Baths ⋅ 134278 MLS

''Escape into Paradise'' with this timeless 1940s stucco cabin nestled among the tall pines of Ruidoso. This unique property features a private walled courtyard with a relaxing hot tub, tranquil fountain, and beautiful brick walkways, perfect for entertaining or unwinding in seclusion.Enjoy lush landscaping, mature trees, and multiple outdoor seating areas that create a peaceful, storybook setting. A charming pathway leads to the main home, where vintage character meets cozy mountain living.With its rare architectural style, serene surroundings, and inviting outdoor retreat spaces, this one-of-a-kind cabin blends privacy, charm, and Ruidoso ambiance--ideal as a full-time residence, vacation getaway, or investment opportunity.

407 Violet Ave, Ruidoso

$419,500

3 Beds ⋅ 2 Baths ⋅ 134277 MLS

Remarks: UPSCALED INNSBROOK CONDO WITH GOLF COURSE & LAKE VIEWS! Enjoy easy mountain living in this beautifully furnished one-level 3BD/2BA condo, which offers a spacious covered/uncovered deck overlooking the 3 par golf course and lake. Inside, you'll find CFA heat/ac, stainless kitchen appliances, solid-surface countertops, and gorgeous tongue-and-groove wood accent ceilings that add warmth and character throughout. The spacious living area features a built-in wood-burning fireplace, creating the perfect mountain retreat atmosphere. A charming corner dining booth alcove offers a unique and cozy space for meals and gatherings. A Must See!!

110 Innsbrook Dr Unit 12C, Ruidoso

$249,000

2 Beds ⋅ 2 Baths ⋅ 134274 MLS

Welcome to this beautifully remodeled first-floor condo at Innsbrook Village Country Club & Resort. Featuring two spacious bedrooms and two full bathrooms, this turnkey property offers an inviting open-concept layout that seamlessly connects the living, dining, and kitchen areas.The living room showcases a striking natural wood accent wall and a cozy wood-burning fireplace, creating the perfect mountain retreat atmosphere. Thoughtfully designed with modern mountain furnishings, the condo also includes a queen-size sleeper sofa for additional guest accommodations. Both bedrooms feature private ensuite bathrooms, providing comfort and convenience for owners and guests alike.

216 Metz Dr Unit 209, Ruidoso

$239,000

2 Beds ⋅ 2 Baths ⋅ 134272 MLS

Easy single-level living awaits at this 2-bedroom, 2-bath mountain home surrounded by tall pines. Property features an open floor plan, cozy wood-burning stove, and low-maintenance composite decking. Additional highlights include a durable metal roof, covered carport, storage building, and a peaceful wooded setting on a quiet street. Great opportunity for a full-time residence, weekend retreat, or investment property.

104 Walton Cir, Ruidoso