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Us Highway 82, Mayhill, NM, 88339

2beds
3baths
2,815sqft
$1,700,000
$604price/sqft
$10,554/moest. monthly cost
$422,160/yrincome needed

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

4
WalkingCar-Dependent
0
TransitVery Limited Transit
2
BikeSomewhat Bikeable

Schools

5/10
4/10
Cloudcroft Middle SchoolGrades 6-815.8 mi
6/10
Cloudcroft High SchoolGrades 9-1216.0 mi

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
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Winter Weather
Lightning
Hail
Ice Storm

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 $8,596$103,152
Home Insurance *$965$11,580
Property Taxes $793$9,516
Electricity $200$2,401
Total$10,554$126,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$361,851/yr
40% on housing$316,620/yr
45% on housing$281,440/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

$604This listing

vs Other Active Listings

Avg $/sqft

ZIP 88339$271
Otero County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 88339$196
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)

Price History

DateEventPrice
2026-01-30Price change$1,700,000
2026-01-09Price change$2,100,000
2024-02-19Pending sale$125,000
2024-02-16Listed for sale$125,000

For Sale by Agent

AgentColin McVaugh, ARA
BrokerageBeaverhead Ranch Group

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