For sale

Price cut: $51K (8/20)

$599,000

165 Reese Dr, Ruidoso, NM 88345

5beds

3,111sqft

$3,880/mo

Get pre-qualified

Single Family Residence

Built in 1950

1.2 Acres Lot

$-- Zestimate^®

$193/sqft

$-- HOA

What's special

Basketball courtOver an acreAmple size game roomVolleyball netFormal dining room

Experience mountain living in this spacious 5-bedroom, 4.5-bath home situated on over an acre in Ruidoso New Mexico! Designed with flexibility in mind, the home also offers the potential for a private mother-in-law suite! Inside, you'll find an ample size game room, a formal dining room, and generous living spaces designed for comfort and gathering. Outside, enjoy your own recreational retreat with a basketball court, volleyball net, and plenty of room to relax and entertain. Complete with a 2-car garage and located just minutes from shopping, dining, and outdoor recreation, this property offers the perfect combination of space, comfort, and convenience.

84 days
350
16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Rooms

Room types: Bonus Room, Game Room, Laundry

Heating

Forced Air, Fireplace(s)

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer

Features

Ceiling Fan(s), Pantry
Number of fireplaces: 2
Fireplace features: Gas, Pellet Stove

Interior area

Total interior livable area: 3,111 sqft

Property

Parking

Parking features: Driveway, Garage, Paved
Has garage: Yes
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch
Fencing: Back Yard,Fenced,Partial
Has view: Yes
View description: Mountain(s), Trees/Woods

Lot

Size: 1.2 Acres
Features: Corner Lot, Level

Details

Parcel number: 4074065096282000000
Zoning: R1
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: See Remarks
Property subtype: Single Family Residence

Materials

Stucco
Roof: Shingle

Condition

Updated/Remodeled
Year built: 1950

Utilities & green energy

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

Community & HOA

Community

Subdivision: Palmer Gateway

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $193/sqft
Tax assessed value: $463,482
Annual tax amount: $4,664
Date on market: 7/2/2026
Cumulative days on market: 86 days
Listing terms: Cash,Conventional,1031 Exchange,FHA,Other
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/20/2026	Price change	$599,000-7.8%$193/sqft
Source: RLCMLS #134356 Report a problem
7/3/2026	Listed for sale	$650,000+18.4%$209/sqft
Source: RLCMLS #134356 Report a problem
10/1/2024	Sold	--
Source: RLCMLS #17620001_130781 Report a problem
4/4/2024	Listed for sale	$549,000$176/sqft
Source: RLCMLS #130781 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,665 +25.7%	$154,494 +25.2%
2024	$3,710 +1.5%	$123,405
2023	$3,655 +14%	$123,405 +24%
2022	$3,207 +0.1%	$99,528 +3%
2021	$3,204 +3.9%	$96,629 +3%
2020	$3,083 +6.5%	$93,814 +2%
2019	$2,896 +0.7%	$91,974
2018	$2,875	--