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Under contract
  • Price cut: $15.5K (2/6)
    $499,500

    40 Karr Canyon Rd, La Luz, NM 88325

    4beds
    3,003sqft
    : 
    Single Family Residence
    Built in 1960
    0.97 Acres Lot
    $-- Zestimate®
    $166/sqft
    $-- HOA

    What's special

    Gurgling brook belowDouble garageHuge parking areaLots of storagePatio furnitureInflatable spaLvp flooring
    MUST SEE 3000+ 4 bedroom/3 bath w/study/hobby room, double garage home. NEW: LVP flooring, stainless appliances, granite countertops, lighting pkg, sink, toilets, paint, custom rock stone wall, address monument, patio tiles, Edison lighting, etc. This property boasts a breathtaking view, generous upper and lower patios and huge parking area. Lots of storage. Apple trees, patio furniture and inflatable spa (new). Count your blessings while listening to the gurgling brook below. Septic has been inspected and approved. No HOA!
    64 days
    |
    201
    |
    4
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 10, 2026 at 10:19am

    Listed by:

    Tamara Bailey 575-802-3967,

    Century 21 Aspen Real Estate 575-257-9057

    Source: RLCMLS,MLS#: 133545MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Living Room, Media Room
      Heating
      • Forced Air, Fireplace(s)
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood, Water Softener Owned, Stainless Steel Appliance(s), Water Heater
      Features
      • Ceiling Fan(s), Storage, Main Level Primary
      • Flooring: Laminate
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 3,003 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Garage Door Opener, Paved, Parking Pad
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Patio, Balcony
      • Exterior features: Balcony, Fire Pit, Lighting
      • Fencing: Partial
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.97 Acres
      • Features: Sloped Down, Gentle Sloping, Irregular Lot, Views
      Details
      • Additional structures: None
      • Parcel number: R026850
      • Zoning: R1
      • Other equipment: None
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Mountain
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • Year built: 1960

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Not Available, Propane, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: High Rolls Mountain Park
      HOA
      • Has HOA: Yes
      • Amenities included: Spa/Hot Tub
      Location
      • Region: La Luz

      Financial & listing details

      • Price per square foot: $166/sqft
      • Tax assessed value: $240,399
      • Annual tax amount: $4,266
      • Date on market: 1/21/2026
      • Cumulative days on market: 70 days
      • Listing terms: Cash,Conventional,FHA
      • Electric utility on property: Yes
      • Road surface type: Asphalt
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/9/2026Contingent$499,500$166/sqft
        Source: OCMLS #172093 Report a problem
        2/6/2026Price change$499,500-3%$166/sqft
        Source: OCMLS #172093 Report a problem
        1/26/2026Listed for sale$515,000-2.3%$171/sqft
        Source: RLCMLS #133545 Report a problem
        12/11/2025Listing removed$527,000$175/sqft
        Source: RLCMLS #132584 Report a problem
        11/20/2025Price change$527,000-4.2%$175/sqft
        Source: OCMLS #171011 Report a problem
        9/15/2025Price change$550,000-1.8%$183/sqft
        Source: OCMLS #171011 Report a problem
        8/28/2025Price change$560,000-3.3%$186/sqft
        Source: RLCMLS #132584 Report a problem
        8/8/2025Price change$579,000-1.7%$193/sqft
        Source: OCMLS #171011 Report a problem
        7/25/2025Price change$589,000-1.7%$196/sqft
        Source: RLCMLS #132584 Report a problem
        7/1/2025Price change$599,000-6.1%$199/sqft
        Source: OCMLS #171011 Report a problem
        6/7/2025Price change$638,000-7.3%$212/sqft
        Source: OCMLS #171011 Report a problem
        5/20/2025Listed for sale$688,000$229/sqft
        Source: OCMLS #171011 Report a problem
        5/27/2009Sold--
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$1,491 +1.3%$80,133 +3%
        2023$1,472 +2.6%$77,799 +3%
        2022$1,434 -0.1%$75,533 +3%
        2021$1,436 +0.2%$73,333
        2020$1,433 +22.5%$73,333 +22.7%
        2019$1,170 +2.7%$59,758 +1%
        2018$1,139 +8.5%$59,167
        2017$1,050 -2.3%$59,167 -3.3%
        2016$1,075 $61,200 -25.1%
        2015-- $81,709

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,755/mo
        Principal & interest
        $2518
        Property taxes
        $237
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          Climate risks

          Neighborhood: 88325

          Getting around

          8 / 100
          Car-Dependent
          1 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 88325

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