For sale

Price cut: $5K (6/17)

$190,000

118 Thunder Mountain Ct, Alto, NM 88312

2beds

1,356sqft

$1,426/mo

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Condominium

Built in 1979

-- sqft lot

$184,100 Zestimate^®

$140/sqft

$221/mo HOA

What's special

Tennis courtsSwimming poolCommunity clubhouse

FULLY FURNISHED TURNKEY INVESTMENT OPPORTUNITY IN ALTO ALPS! Successful short-term rental with proven income history! This 2-bedroom, 2-bathroom condo in the highly sought-after Alto Alps community offers the perfect blend of investment potential and mountain getaway charm.Ideally located just minutes from Alto Lakes Golf and Country Club, Ski Apache, and Ruidoso, this property attracts year-round visitors seeking cool mountain air and outdoor adventure. Whether you're looking to expand your rental portfolio or own a personal retreat that generates income when you're away, this condo checks all the boxes! Alto Alps has a community clubhouse, swimming pool and tennis courts!

116 days

133

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Forced Air, Fireplace(s)

Cooling

Ceiling Fan(s)

Appliances

Included: Dishwasher, Electric Range, Microwave, Refrigerator

Features

Ceiling Fan(s), Open Floorplan
Flooring: Carpet, Tile
Number of fireplaces: 1
Fireplace features: Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 1,356 sqft

Property

Parking

Parking features: On Site, Paved, Parking Lot

Features

Levels: One
Stories: 1
Patio & porch: Deck, Balcony
Exterior features: Balcony
Pool features: Association
Fencing: None
Has view: Yes
View description: Trees/Woods
Waterfront features: None

Lot

Features: Gentle Sloping

Details

Parcel number: 4071059433417000000
Zoning: R1
Other equipment: Other
Horse amenities: None

Construction

Type & style

Home type: Condo
Architectural style: Other
Property subtype: Condominium

Materials

Stucco

Condition

See Remarks
Year built: 1979

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

Community & HOA

Community

Subdivision: Alto Alps

HOA

Has HOA: Yes
Amenities included: Clubhouse, Pool, Tennis Court(s)
Services included: Maintenance Grounds, Maintenance Structure, Other
HOA fee: $221 monthly

Location

Region: Alto

Financial & listing details

Price per square foot: $140/sqft
Tax assessed value: $206,133
Annual tax amount: $1,247
Date on market: 4/3/2026
Cumulative days on market: 117 days
Listing terms: Cash,Conventional,1031 Exchange,FHA
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$184,100

$175,000 - $193,000

$1,472/mo

Price history

Date	Event	Price
6/17/2026	Price change	$190,000-2.6%$140/sqft
Source: RLCMLS #133866 Report a problem
4/3/2026	Listed for sale	$195,000-11%$144/sqft
Source: RLCMLS #133866 Report a problem
2/5/2026	Listing removed	$219,000$162/sqft
Source: RLCMLS #133110 Report a problem
10/31/2023	Sold	--
Source: RLCMLS #17620001_130129 Report a problem
9/7/2023	Listed for sale	$219,000$162/sqft
Source: RLCMLS #130129 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,187 +1.1%	$68,711
2024	$1,174 +147.6%	$68,711 +117.5%
2023	$474 +1%	$31,589 +3%
2022	$469 +5.3%	$30,669 +3%
2021	$446 -9.9%	$29,775 +3%
2020	$495 +2.3%	$28,908 +2%
2019	$484 +3.4%	$28,341 +3%
2018	$468 +7%	$27,515 +3%
2017	$438	$26,712 +3%
2015	$438 +5.3%	$25,936 +5.6%
2014	$415	$24,552

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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