165 Reese Dr, Ruidoso, NM, 88345
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1950
Materials
- Roof: Shingle
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: See Remarks
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Gas Cooktop,Gas Water Heater,Microwave,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Ceiling Fan(s),Pantry
- Number of fireplaces: 2
- Fireplace features: Gas,Pellet Stove
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Fireplace(s)
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 3,111 sqft
Property
Details
- Parcel number: 4074065096282000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Fencing: Back Yard,Fenced,Partial
- Has view: Yes
- View description: Mountain(s),Trees/Woods
Lot
- Lot size: 1.20 Acres
- Features: Corner Lot,Level
Parking
- Parking features: Driveway,Garage,Paved
- Has garage: Yes
- Has uncovered spaces: Yes
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
- Lightning
- Wildfire
- Inland Flooding
- Winter Weather
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Lincoln County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $365 | $4,380 |
| Property Taxes | $292 | $3,504 |
| Electricity | $221 | $2,654 |
| Total | $4,164 | $49,968 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-03 | Listed for sale | $650,000 |
| 2024-10-01 | Sold | -- |
| 2024-04-04 | Listed for sale | $549,000 |
For Sale by Agent
View on Zillow