




Us Highway 82, Mayhill, NM, 88339
About This Home
Rio Peñasco Paradise37.55A± Acres • Mayhill, New Mexico Welcome to Rio Peñasco Paradise, an exceptional 37.55A± acre mountain property located just north of Mayhill along US Highway 82, offering a rare blend of live water, irrigated pasture, equestrian improvements, and a striking log home in the heart of the Sacramento Mountains. The property is anchored by an impressive log home that captures the timeless character of mountain living. Warm wood interiors, generous living spaces, and large windows create a comfortable retreat ideal for full-time residence, weekend escapes, or a premier mountain getaway. The home is available fully furnished, allowing a new owner to step right into mountain living. From the home, owners often enjoy watching elk feeding along the scrub oak hillside, a memorable daily sight that highlights the area's rich wildlife and natural setting. The scenic Rio Peñasco flows through the property, providing year-round beauty, peaceful ambiance, and a valuable water resource. The ranch includes 14.22 acres of water rights from the Rio Peñasco, which irrigate permanent pasture, an uncommon feature in this high-elevation environment. These lush meadows are perfectly suited for horses, small livestock, or simply enjoying vibrant green open space among the pines. Designed for the equestrian lifestyle as well as the hobby farmer, homesteader, or small cattle operation, Rio Peñasco Paradise features horse stalls with integrated hay storage, offering convenient and functional facilities for care and feeding. The irrigated pasture and open acreage provide ample room to ride, graze livestock, raise animals, and enjoy the outdoors. With direct frontage on US Highway 82, the property enjoys excellent year-round access and a central location between Cloudcroft and Ruidoso. The nearby community of Mayhill is just minutes away, while Cloudcroft's golf, dining, and cool summer climate and Ruidoso's broader amenities, shopping, and entertainment are all within easy driving distance. Rio Peñasco Paradise combines live water, valuable water rights, productive pasture, and quality improvements into a highly versatile offering, ideal as a private equestrian ranch, mountain residence, recreational retreat, or legacy property in one of southern New Mexico's most scenic corridors. Offered by Beaverhead Ranch Group, LLC this is a rare opportunity to own a furnished Rio Peñasco property with water rights and exceptional improvements in a premier Sacramento Mountains setting.
Getting Around
Schools
Construction
Condition
- Year built: 2018
Materials
- Roof: Metal
- Construction materials: Other
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 2,815
- Total interior livable area: 2,815 sqft
Property
Lot
- Lot size: 37.55 Acres
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
- Wildfire
- Winter Weather
- Lightning
- Hail
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Otero 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 | $8,596 | $103,152 |
| Home Insurance * | $965 | $11,580 |
| Property Taxes | $793 | $9,516 |
| Electricity | $200 | $2,401 |
| Total | $10,554 | $126,648 |
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 |
|---|---|---|
| 2026-01-30 | Price change | $1,700,000 |
| 2026-01-09 | Price change | $2,100,000 |
| 2024-02-19 | Pending sale | $125,000 |
| 2024-02-16 | Listed for sale | $125,000 |
