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424 State Highway 37, Nogal, NM, 88341

5beds
6baths
11,000sqft
$8,999,000
$818price/sqft
$61,963/moest. monthly cost
$2,478,520/yrincome needed

About This Home

Beautiful French Manor on 197 acres. 9,500 sq.ft. main house. Featuring 14' ceilings, 2 living areas, game room, 3 ensuite bed/bath/office in addition to 2.5 bathrooms 4 fireplaces, wet bar. Stone exterior, copper roof. Tumbled travertine floors with in floor heat. 4 zone central A/C. Custom cabinets, crown molding, 2 Car garage beside main house plus a detached 4 car garage with apartment. 12 stall barn with living qtrs, tack room, vet room, wash rack & an arena.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
2
BikeSomewhat Bikeable

Schools

6/10
Capitan Elementary SchoolGrades PK-56.5 mi
5/10
Capitan Middle SchoolGrades 6-86.5 mi
9/10
Capitan High SchoolGrades 9-126.5 mi

Construction

Condition

  • Property condition: See Remarks
  • Year built: 2006

Materials

  • Roof: Metal,Pitched,See Remarks
  • Construction materials: Stone Veneer,See Remarks

Type & Style

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

Interior

Appliances

  • Appliances included: Bar Fridge,Convection Oven,Dryer,Dishwasher,Exhaust Fan,Disposal,Gas Range,Water Softener Owned,Stainless Steel Appliance(s),Tankless Water Heater,Washer

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Breakfast Bar,Built-in Features,Primary Downstairs,Pantry,Recessed Lighting,Sound System,Storage,Wired for Sound,Main Level Primary,Workshop
  • Flooring: Stone
  • Number of fireplaces: 4
  • Fireplace features: Gas Log,Raised Hearth
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace(s),Hot Water
  • Cooling features: Central Air,Multi Units,Zoned

Interior Area

  • Total interior livable area: 11,000 sqft

Property

Details

  • Parcel number: 4072054303436000000
  • Zoning: Rural
  • Other equipment: Farm Equipment
  • Horse amenities: Corral(s),Other,Arena

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Rear Porch,Front Porch,Patio,Balcony
  • Exterior features: Balcony,Courtyard,Dog Run,Kennel,Playground,Rain Gutters
  • Fencing: Fenced,Front Yard,Perimeter,See Remarks
  • Has view: Yes
  • View description: Mountain(s),Panoramic,Trees/Woods

Lot

  • Lot size: 197 Acres
  • Features: Gentle Sloping,Wooded

Parking

  • Total spaces: 8
  • Parking features: Driveway,Garage,Gravel,See Remarks
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 8
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Wildfire
    WildfireVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Hail
Ice Storm
Landslide
Strong Wind

FEMA Declared Disasters in Lincoln County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $45,503$546,036
Home Insurance *$2,785$33,420
Property Taxes $12,893$154,716
Electricity $782$9,385
Total$61,963$743,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,124,445/yr
40% on housing$1,858,890/yr
45% on housing$1,652,346/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$818This listing

vs Other Active Listings

Avg $/sqft

ZIP 88341$165
Lincoln County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 88341$284
Lincoln County$275

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-05Price change$8,999,000
2024-08-14Price change$12,950,000
2023-08-10Listed for sale$15,000,000

For Sale by Agent

AgentJames Scott Miller
BrokeragePinnacle Real Estate & Dev

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