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61 Racetrack Cir, Tularosa, NM, 88352

4beds
6baths
3,000sqft
$800,000
$267price/sqft
$6,636/moest. monthly cost
$265,440/yrincome needed

About This Home

Very unique property for the Professional Horseman. Located in Horseman's Park in Tularosa, NM this property offers two 24 stall training barns. One of the barns has two 2 bedroom apartments. Each barn has all of the amenities needed to run a fully operational racehorse training program. Each barn includes 2 groom rooms, full bath for grooms, office, feed room, tack room, vet room, etc. Each barn has outside stalls with cover, 2 walkers and shavings/manure bunks. One barn includes a round pen. Along with these 2 barns is 30 acres of irrigated pasture with New Mexico water rights. Two 5-acre hand line irrigated, two 10-acre wheel line irrigated pump driven. Buyer to verify all irrigation/water rights. Ritchie drinkers in all pastures. Too much to list here, give us a call.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

9/10
7/10
Tularosa Middle SchoolGrades 7-82.1 mi
8/10
Tularosa High SchoolGrades 9-121.8 mi

Construction

Condition

  • Property condition: See Remarks
  • Year built: 2007

Materials

  • Roof: Metal,Pitched
  • Construction materials: Frame,Metal Siding,Other,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Farm

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Microwave,Refrigerator,Water Softener Owned,Water Heater,Washer

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Main Level Primary,Utility Room
  • Flooring: Concrete,Tile
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central,Propane
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 3,000 sqft

Property

Details

  • Parcel number: R056147
  • Zoning: Other
  • Horse amenities: Corral(s),Pasture

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio
  • Fencing: Other,Partial
  • Has view: Yes
  • View description: Mountain(s)
  • Waterfront features: None

Lot

  • Lot size: 34.14 Acres
  • Features: Interior Lot,Level

Parking

  • Parking features: Gravel,No Garage,On Site,RV Access/Parking

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
    LightningVery High
  • Drought
    DroughtRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Drought
Inland Flooding
Winter Weather
Hail
Heat Wave
Ice Storm
Strong Wind
Wildfire

FEMA Declared Disasters in Otero 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 $4,045$48,540
Home Insurance *$782$9,384
Property Taxes $1,596$19,152
Electricity $213$2,559
Total$6,636$79,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$227,520/yr
40% on housing$199,080/yr
45% on housing$176,960/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: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$267This listing

vs Other Active Listings

Avg $/sqft

ZIP 88352$194
Otero County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 88352$81
Otero County$165

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
2025-11-04Price change$800,000
2025-05-27Listed for sale$900,000

For Sale by Agent

AgentKeli L. Cox
BrokerageZia Real Estate

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