For Sale1d on market
1028 New Mexico #48
Alto, NM, 88312 • 88312 • Lincoln County
$1,950,000
$214/sqft
Down payment assistance available
1Beds
6Baths
9,095Sqft
10.5 acLot
1990Built
Property DNA
Waterfront Property
None
Scenic Views
Other · Trees/Woods
Cabin Style
Built 1990 · 36 years of history
Outdoor Living
Rear Porch · Covered · Deck · Front Porch · Other · Wrap Around
Special Features
Barn(s) · Corral(s) · Outbuilding · Other · Shed(s) · See Remarks · Storage
1d on Market
Listed Mar 24, 2026
This home is getting attention
Listed 1 day ago · 270 views · 3 saves
Market activity
Demand and pricing signals for this listing
270 views
People checking out this listing
3 saves
Buyers have saved this home
1 day on market
Just listed — act fast
$214/sqft
Price per square foot
About this home
Single Family · Built 1990
Don't miss the opportunity to own a Lincoln County jewel! Live on-site while managing this long established business/event venue! A 1 bed/1bath cabin is a quiet retreat at days end. Conveying will all the bells and whistles to continue operations as it has for decades, but also has the capability to house many different business models or ventures. The property improvements include a fully insulated and heated venue to accommodate up to 700 guests, full performance stage, state of the art sound system, large commercial kitchen, onsite living quarters, wedding chapel, 3 store fronts, ice cream shop/bar, multiple storage buildings, corral for two horses, 4 fully equipped RV spaces, 3 septic systems, 2 domestic wells, and MUCH more. Make an appointment to view this unique, historic property.
Standout features identified
Our analysis highlights corral for two horses, multiple storage buildings, and wedding chapel as key attractions of this home.
Estimated monthly payment
Based on current rates
$12,718/month
Principal & Interest$10,118
Property Tax$1,950
Insurance$650
Down payment20% ($390,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,560,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1990
HeatingElectric, Propane, Other
CoolingMulti Units, None, Other, See Remarks
ParkingOn Site, Parking Lot, RV Access/Parking, Unpaved
Lot10.52 Acres
Days on Zillow1 Day
Price/sqft$214
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleCabin
ConditionUpdated/Remodeled,See Remarks
Year built1990
Systems
HeatingElectric, Propane, Other
CoolingMulti Units, None, Other, See Remarks
RoofMetal
ConstructionLog, Log Siding, Other, See Remarks
Water / SewerPrivate, Well / Septic Tank
Parking & Outdoor
ParkingOn Site, Parking Lot, RV Access/Parking, Unpaved
FencingOther,Partial
Lot10.52 Acres
Location & Tax
Neighborhood88312
ZoningRural
Annual tax$11,229
Bathrooms & Fees
Full baths5
Features & details
16 categories of property features
Interior Features
Interior
Other
Sound System
See Remarks
Wired for Sound
Appliances
Double Oven
Dishwasher
Disposal
Gas Range
Water Purifier Owned
Refrigerator
See Remarks
Stainless Steel Appliance(s)
Tankless Water Heater
Water Heater
Flooring
Other
See Remarks
Heating
Electric
Propane
Other
Cooling
Multi Units
None
Other
See Remarks
Fireplace
None
See Remarks
Exterior Features
Exterior
Other
RV Hookup
Storage
Parking
On Site
Parking Lot
RV Access/Parking
Unpaved
Construction
Log
Log Siding
Other
See Remarks
Patio & Porch
Rear Porch
Covered
Deck
Front Porch
Other
Wrap Around
Lot Features
Level
Other
See Remarks
Sloped Up
Wooded
Security
Security System Owned
Views
Other
Trees/Woods
Utilities
Electricity Connected
Natural Gas Available
None
Other
Sewer Connected
Water Connected
Other Equipment
Call Listing Agent
Negotiable
Other
Other Structures
Barn(s)
Corral(s)
Outbuilding
Other
Shed(s)
See Remarks
Storage
Listing insights
Market data and value estimates
StatusFor Sale
Days on market1
Tax rate0.54%
Price/sqft$214
On marketMar 24, 2026
PostedMar 25, 2026
MLS updatedMar 25, 2026
Tour days9
Views270
Favorites3
How are the schools in Alto?
3 schools rated nearby
Location
Alto, NM, 88312
Price history
1 event
DateEventPrice$/sqftSource
Mar 25, 2026Listed For Sale$1,950,000$214RLCMLS
Listed For Sale$1,950,000
Mar 25, 2026•$214/sqft•RLCMLS
Nearby homes
Neighborhood details
Local context around this listing
Alto, NM • Lincoln County
Nearby cities
AltoCapitanCarrizozoCoronaHondoPicachoRuidosoRuidoso Downs
Nearby zip codes
88312
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