Imagine waking up to the quiet rustle of tall trees, stepping outside with your morning coffee, and watching your horses graze as wildlife moves peacefully across the property. Backing directly to the National Forest, you have immediate access to endless riding trails right from your property. The fully usable 2.94 acres are thoughtfully set up for both horses and family living. A barn provides comfortable shelter, complete with a dedicated tack and feed room for convenience. There's a secure pipe pen and an additional larger fenced area, giving your horses room to roam. The home has had many recent upgrades including all new subfloors, luxury plank flooring. Just painted as well.
For sale
Price cut: $40K (3/25)
$399,000
137 Wood Ln, Ruidoso Downs, NM 88346
3beds
1,728sqft
Manufactured Home, Single Family Residence
Built in 1998
2.94 Acres Lot
$388,000 Zestimate®
$231/sqft
$-- HOA
What's special
Watching your horses grazeSecure pipe penJust paintedLuxury plank flooringBarn provides comfortable shelter
- 40 days |
- 139 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 08:34am
Listed by:
Shelley M. McAlister 575-973-2503,
Full Circle Realty 575-973-2503,
Douglas L. McAlister 575-937-1317,
Full Circle Realty
Source: RLCMLS,MLS#: 133656
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room
Living room
- Level: Main
Heating
- Central, Forced Air, Fireplace(s), Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Range Hood, Washer
- Laundry: Washer Hookup
Features
- Breakfast Bar, Ceiling Fan(s), Primary Downstairs, Open Floorplan, Main Level Primary
- Flooring: Vinyl
- Number of fireplaces: 1
- Fireplace features: Gas Starter, Wood Burning
Interior area
- Total interior livable area: 1,728 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Gravel, Other, RV Access/Parking
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Covered, Front Porch
- Exterior features: Rain Gutters
- Fencing: Other
- Has view: Yes
- View description: Mountain(s), Trees/Woods
- Waterfront features: None
Lot
- Size: 2.94 Acres
- Features: Borders National Forest, Gentle Sloping
Details
- Additional structures: Barn(s), Corral(s), Stable(s), Storage
- Parcel number: 4075065142508000000
- Zoning: Rural
- Special conditions: Standard
- Other equipment: None
- Horse amenities: Corral(s), Pasture
Construction
Type & style
- Home type: MobileManufactured
- Architectural style: Mountain
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Fiber Cement
- Roof: Metal,Pitched
Condition
- Updated/Remodeled
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
Community & HOA
Community
- Subdivision: Metes & Bounds
HOA
- Amenities included: None
- Services included: None
Location
- Region: Ruidoso Downs
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $162,312
- Annual tax amount: $3,800
- Date on market: 2/23/2026
- Cumulative days on market: 42 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Electric utility on property: Yes
- Road surface type: Gravel
- Body type: Double Wide
Shelley McAlister
(575) 973-2503
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Estimated market value
$388,000
$369,000 - $407,000
$2,022/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Price change | $399,000-9.1%$231/sqft |
Source:  RLCMLS #133656 Report a problem | ||
| 2/23/2026 | Listed for sale | $439,000$254/sqft |
Source: RLCMLS #133656 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,694 +3.1% | $54,104 +3% |
| 2023 | $1,643 +3.7% | $52,528 |
| 2022 | $1,585 +4% | $52,528 |
| 2021 | $1,524 -6.8% | $52,528 |
| 2020 | $1,634 +5.4% | $52,528 |
| 2019 | $1,551 +0.8% | $52,528 |
| 2018 | $1,538 +1% | $52,528 +0% |
| 2017 | $1,523 | $52,523 +50% |
| 2015 | $1,523 +646.5% | $35,018 +399.3% |
| 2014 | $204 | $7,013 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 88346
Nearby schools
GreatSchools rating
- 5/10Sierra Vista Primary SchoolGrades: PK-2Distance: 4.2 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 2.8 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 2.6 mi
- New Mexico
- Lincoln County
- Ruidoso Downs
- 88346
- 137 Wood Ln
Nearby cities
Nearby zip codes
Other Ruidoso Downs Topics
