For sale

$499,999

1156 State Highway 48, Alto, NM 88312

3beds

2,408sqft

$3,038/mo

Get pre-qualified

Single Family Residence

Built in 1977

0.52 Acres Lot

$-- Zestimate^®

$208/sqft

$-- HOA

What's special

Half acre corner lotViews of the mountains

This beautifully updated and maintained home is perfect for full-time or second-home living in the cool mountains north of Ruidoso, NM. With over 2400 SF, it features 3 bedrooms/2 baths in a split level arrangement along with full furnishings down to dishes, linens, etc. The half acre corner lot provides easy access with a circular drive off of Hwy 48 and Enchanted Forest and is one of the few that allows a Commercial business on the north end of popular Enchanted Forest. Easy no-step access from the back door leads to all living spaces and one bedroom and bath on the main level. The large front deck offers an entertaining/grilling/dining space while enjoying views of the mountains.

39 days
88
0

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas, Other

Cooling

Central Air, Other

Appliances

Included: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Washer
Laundry: Washer Hookup

Features

Ceiling Fan(s), Eat-in Kitchen, High Speed Internet
Flooring: Carpet, Laminate, Wood
Number of fireplaces: 1
Fireplace features: Gas Log
Furnished: Yes

Interior area

Total interior livable area: 2,408 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway, Garage, Paved, Parking Lot
Garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: Multi/Split
Patio & porch: Deck, Front Porch
Exterior features: Rain Gutters, Storage
Fencing: Partial
Has view: Yes
View description: Mountain(s)
Waterfront features: None

Lot

Size: 0.52 Acres
Features: Cleared, Corner Lot, Views

Details

Additional structures: None
Parcel number: 4072058041166000000
Zoning: Other
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Split Level
Property subtype: Single Family Residence

Materials

Stucco
Roof: Metal

Condition

Updated/Remodeled
Year built: 1977

Utilities & green energy

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

Community & HOA

Community

Subdivision: Enchanted Forest #1

Location

Region: Alto

Financial & listing details

Price per square foot: $208/sqft
Tax assessed value: $226,143
Annual tax amount: $2,879
Date on market: 7/24/2026
Cumulative days on market: 42 days
Listing terms: Cash,Conventional,1031 Exchange,FHA,USDA Loan,VA Loan
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/25/2026	Listed for sale	$499,999$208/sqft
Source: RLCMLS #134450 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,302 +4.2%	$75,381 +3%
2024	$1,250 +17.3%	$73,185 +3%
2023	$1,066 +1%	$71,054 +3%
2022	$1,056 +2.2%	$68,984
2021	$1,033 -12.5%	$68,984
2020	$1,181 +0.3%	$68,984
2019	$1,178 +0.4%	$68,984
2018	$1,174 +3.9%	$68,984 +0%
2017	$1,130	$68,977 -8.2%
2015	$1,130 -22.4%	$75,155
2014	$1,455	$75,155