Great house and guest house in the back that can be used as rental income or for guests. Located in town close to everything but also has a peaceful backyard full of wildlife. Sits at the top so there is no danger of flooding.
For sale by owner
Price cut: $18.6K (7/23)
$564,298
115 Reese Dr, Ruidoso, NM 88345
5beds
3,500sqft
MultiFamily
Built in 1987
-- sqft lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
Sits at the top
What the owner loves about this home
Convenient location but also close to the river. 1 bedroom guest house in the back perfect for a rental.
- 102 days
- 319
- 12
Listed by:
Property Owner (575) 937-5489
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced air, Gas, Wood / Pellet
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Laminate
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 10
- Parking features: Off-street, Garage
Features
- Exterior features: Wood products
Lot
- Size: 24,175 Acres
Details
- Parcel number: 4074065086364000000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1987
Community & HOA
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $359,613
- Annual tax amount: $3,627
- Date on market: 6/15/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,487/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $564,298-3.2%$161/sqft |
Source: Owner Report a problem | ||
| 6/15/2026 | Listed for sale | $582,900+1.2%$167/sqft |
Source: Owner Report a problem | ||
| 1/7/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/9/2025 | Listed for sale | $575,800-2.4%$165/sqft |
Source: Owner Report a problem | ||
| 7/20/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/21/2025 | Price change | $589,995-13.2%$169/sqft |
Source: Owner Report a problem | ||
| 4/19/2025 | Listed for sale | $680,000$194/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,627 +6.4% | $119,871 +3% |
| 2024 | $3,409 -1.1% | $116,380 |
| 2023 | $3,447 +3.6% | $116,380 +5.7% |
| 2022 | $3,329 +22.3% | $110,132 +19.1% |
| 2021 | $2,722 +2.1% | $92,489 +3% |
| 2020 | $2,665 +6.9% | $89,795 +2% |
| 2019 | $2,493 +3.7% | $88,034 +3% |
| 2018 | $2,404 +4% | $85,470 +3% |
| 2017 | $2,312 | $82,971 +5.7% |
| 2015 | $2,312 +5.6% | $78,518 |
| 2014 | $2,190 | $78,518 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 88345
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