For sale

Price cut: $125K (6/29)

$1,550,000

1097 State Highway 48, Alto, NM 88312

4beds

5,250sqft

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Single Family Residence

Built in 1981

12.7 Acres Lot

$1,439,100 Zestimate^®

$295/sqft

$-- HOA

What's special

Multiple fireplacesDedicated officeSecluded acresFresh contemporary finishesModern luxuryUltimate privacy and securityExpansive great rooms

Escape to your own mountain sanctuary on 12+ secluded acres with breathtaking panoramic views. This fully remodeled mountain-style masterpiece blends rustic elegance with modern luxury, featuring: 4 generous bedrooms + dedicated office, 3.5 bathrooms, 2 expansive great rooms perfect for entertaining, Multiple fireplaces, Grand automatic entry gate for ultimate privacy and security, Fresh, contemporary finishes throughout - a true move-in-ready blank canvas awaiting your personal flair Tucked away for total tranquility yet only minutes from all the shopping, dining, and recreation Lincoln County has to offer. Whether you crave peaceful sunrise coffees on the deck, star-filled evenings by the fire, or room to roam on your private estate, this is the retreat you've been dreaming of.

245 days

175

7

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Rooms

Room types: Bonus Room, Family Room, Great Room, Laundry, Loft, Living Room, Office, Workshop

Heating

Central, Fireplace(s), Natural Gas, Wood Stove

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
Laundry: Washer Hookup

Features

Ceiling Fan(s), Open Floorplan, Pantry, Recessed Lighting, Storage, Loft, Workshop
Flooring: Tile, Wood
Number of fireplaces: 2
Fireplace features: Gas, Wood Burning, Wood BurningStove

Interior area

Total interior livable area: 5,250 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Garage, Garage Door Opener, Gravel
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Front Porch, Patio, Balcony
Exterior features: Balcony, Courtyard, Dog Run
Fencing: Back Yard
Has view: Yes
View description: Mountain(s), Trees/Woods
Waterfront features: None

Lot

Size: 12.7 Acres
Features: Level, Views, Wooded

Details

Additional structures: Workshop
Parcel number: 4072058049509000000
Zoning: Rural
Other equipment: Other
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Mountain
Property subtype: Single Family Residence

Materials

Frame, Stucco, Wood Siding
Roof: Composition,Metal,Pitched

Condition

Updated/Remodeled
Year built: 1981

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Security System Leased, Security Gate

Location

Region: Alto

Financial & listing details

Price per square foot: $295/sqft
Tax assessed value: $1,456,473
Annual tax amount: $10,078
Date on market: 11/10/2025
Cumulative days on market: 247 days
Listing terms: Cash,Conventional,1031 Exchange
Electric utility on property: Yes
Road surface type: Gravel

Estimated market value

$1,439,100

$1.37M - $1.51M

$4,245/mo

Price history

Date	Event	Price
6/29/2026	Price change	$1,550,000-7.5%$295/sqft
Source: RLCMLS #133316 Report a problem
4/22/2026	Price change	$1,675,000-4.3%$319/sqft
Source: RLCMLS #133316 Report a problem
3/30/2026	Price change	$1,750,000-2.2%$333/sqft
Source: RLCMLS #133316 Report a problem
1/4/2026	Price change	$1,790,000+2.3%$341/sqft
Source: RLCMLS #133316 Report a problem
11/10/2025	Listed for sale	$1,750,000$333/sqft
Source: RLCMLS #133316 Report a problem
10/22/2025	Listing removed	$1,750,000$333/sqft
Source: RLCMLS #132629 Report a problem
6/11/2025	Price change	$1,750,000-10.3%$333/sqft
Source: RLCMLS #132629 Report a problem
5/24/2025	Listed for sale	$1,950,000+96%$371/sqft
Source: RLCMLS #132629 Report a problem
11/28/2023	Sold	--
Source: RLCMLS #129384 Report a problem
6/14/2023	Price change	$995,000-23.2%$190/sqft
Source: RLCMLS #129384 Report a problem
4/4/2023	Listed for sale	$1,295,000+30.2%$247/sqft
Source: RLCMLS #129384 Report a problem
10/15/2020	Listing removed	$995,000$190/sqft
Source: Zia Real Estate #124899 Report a problem
9/4/2020	Listed for sale	$995,000$190/sqft
Source: Zia Real Estate #124899 Report a problem
7/27/2020	Listing removed	$995,000$190/sqft
Source: Zia Real Estate #124899 Report a problem
7/17/2020	Price change	$995,000-17.1%$190/sqft
Source: Zia Real Estate #124899 Report a problem
6/3/2020	Listed for sale	$1,200,000$229/sqft
Source: Zia Real Estate #124899 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,516 +1.3%	$485,491
2024	$8,404 +80.6%	$485,491 +57.8%
2023	$4,653 -2.1%	$307,567
2022	$4,751 +2.1%	$307,567
2021	$4,653 -12.4%	$307,567
2020	$5,312 +27.2%	$307,567 +27.1%
2019	$4,177 +1.1%	$241,957 +0.7%
2018	$4,133 +53.8%	$240,272 +61.6%
2017	$2,687	$148,663 -7.7%
2015	$2,687 -2.5%	$161,115
2014	$2,757	$161,115

Find assessor info on the county website

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