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3275 Highway 518, Cleveland, NM, 87715

2beds
2baths
1,073sqft
$349,000
$325price/sqft
$2,144/moest. monthly cost
$85,760/yrincome needed

About This Home

Mountain Homestead Retreat on Encinal Creek nestled on approximately 0.9 acres in beautiful Cleveland, New Mexico. This exceptional mountain property offers the perfect balance of modern comfort, self-sufficiency, and rustic charm. Surrounded by mature evergreen, aspen, willow, and wild plum trees, and framed by the breathtaking Sangre de Cristo Mountains, this peaceful retreat enjoys easy access from Highway 518 while offering the privacy and serenity of mountain living. Backing directly to Encinal Creek, the property features a fully remodeled 2-bedroom, 2-bathroom home thoughtfully updated to preserve its character while incorporating modern conveniences. Since 2021, extensive improvements have transformed the home, including raised tongue-and-groove ceilings, custom counter tops and kitchen cabinets, luxury vinyl flooring, reconfigured interior walls, custom pine sliding doors and trim, new windows and sliding glass door, fully remodeled bathrooms, updated electrical and plumbing systems, replacement insulation, updated heating, fresh interior paint, and stylish new light fixtures throughout. Designed for comfort and healthy living, the home also includes a three-stage reverse osmosis system for premium drinking and cooking water, a heat exchanger fresh-air system, new appliances, an owned propane tank, and both a private well and access to a community water system. Cell service is readily availbel in the area, and the home is wired with high speed fiber optic internet. Outside, the property has been carefully developed for gardening, homesteading, and outdoor enjoyment. The entire parcel is enclosed with chain-link fencing and includes a large two-car garage, attached lean-to cold frame greenhouse, raised garden beds, equipment barn, and two historic log structures filled with potential. The original one-room log homestead, already wired for electricity, would make an ideal workshop, art studio, or hobby space with restoration. An old log barn offers the perfect opportunity for a chicken coop or small livestock shelter. The grounds are a true gardener's paradise, featuring drip irrigation system and a diverse collection of mature trees, shrubs, and flowering perennials, including lilacs, apricot, peach, apple, pear and cherry trees, currant and blackberry bushes, crabapple trees, junipers, arbor vitae, climbing roses, peonies, daylilies, and bellflowers. Adding to the property's unique appeal is a peaceful labyrinth and medicine wheel, creating a special space for meditation, reflection, and connection with nature. Additional improvements include updates to the septic and well systems, relocation of the driveway, gravel improvements, and treatment of the historic log structures with linseed oil to preserve their beauty and integrity. Whether you're seeking a full-time residence, mountain getaway, hobby farm, artist's retreat, or self-sufficient homestead, this one-of-a-kind property offers a rare opportunity to enjoy one of Northern New Mexico's most scenic mountain valleys. Here, modern conveniences blend seamlessly with historic character, abundant gardens, and the timeless beauty.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

--
Holman Elementary SchoolGrades PK-K2.8 mi
5/10
Lazaro Larry GarciaGrades 6-83.1 mi
10/10
Mora High SchoolGrades 9-123.2 mi

Construction

Materials

  • Roof: Metal
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Attic,Ceiling Fan(s),Pantry
  • Flooring: Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating

  • Heating features: Electric,Propane,Wood Stove

Interior Area

  • Total structure area: 1,073
  • Total interior livable area: 1,073 sqft

Property

Details

  • Parcel number: 1086121159032

Features

  • Patio & porch: Patio Covered
  • Exterior features: Drip Irrigation,Irrigation,Rain Gutters
  • Fencing: Chain Link,Cross Fenced
  • Topography of land: Chain Link, Cross Fenced

Lot

  • Lot size: 0.94 Acres

Parking

  • Total spaces: 2
  • Parking features: Garage,Open
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Lightning
Winter Weather
Drought
Landslide

FEMA Declared Disasters in Mora 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 $1,764$21,168
Home Insurance *$87$1,044
Property Taxes $145$1,740
Electricity $148$1,780
Total$2,144$25,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,508/yr
40% on housing$64,320/yr
45% on housing$57,173/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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 33.7%
33.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$325This listing

vs Other Active Listings

Avg $/sqft

ZIP 87715
Mora County$282

vs Homes Sold Last Month

Median $/sqft

ZIP 87715$326
Mora County$326

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
2026-07-28Price change$349,000
2026-06-19Listed for sale$425,000

For Sale by Agent

AgentLena Atencio
BrokerageMichael Gregory, Jr R. E.

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