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For sale
    • $650,000

    165 Reese Dr, Ruidoso, NM 88345

    5beds
    3,111sqft
    : 
    $3,948/mo
    Get pre-qualified
    Single Family Residence
    Built in 1950
    1.2 Acres Lot
    $-- Zestimate®
    $209/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.
    38 days
    |
    301
    |
    10
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Sara McMasters 575-973-8262,

    Better Homes & Gardens Real Estate - Steinborn & Associates 855-784-3676

    Source: RLCMLS,MLS#: 134356MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

      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: $209/sqft
      • Tax assessed value: $463,482
      • Annual tax amount: $4,664
      • Date on market: 7/2/2026
      • Cumulative days on market: 40 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

        Not available

        Price history

        DateEventPrice
        7/3/2026Listed for sale$650,000+18.4%$209/sqft
        Source: RLCMLS #134356 Report a problem
        10/1/2024Sold--
        Source: RLCMLS #17620001_130781 Report a problem
        4/4/2024Listed for sale$549,000$176/sqft
        Source: RLCMLS #130781 Report a problem

        Public tax history

        YearProperty taxesTax 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 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 88345

        Getting around

        31 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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