Cheap homes for sale & real estate in 87549, NM

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ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Piece of New Mexican history ready for its new owners to build. Property has amazing views of Rio Chama and beautiful New Mexican landscape.

$40,000

— beds— baths— sq ft

00 Cedar Ridge Loop/lava Rd, Ojo Caliente, NM 87549

4.85 acre lot • Listed 27 days

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
EXPLORE YOUR OWN 10-ACRE SANCTUARY ON 1 Corona Drive IN THE STUNNING HIGH-DESERT SETTING OF MENDANALES NM. Imagine sweeping views of rolling hills and endless sky in this rare vacant parcel - the perfect blank canvas for your vision. With ample space to roam and connect with the land, enjoy privacy yet easy access to roads. The possibilities are endless. Contact us today to schedule your private showing!

$49,000

— beds— baths— sq ft

1 Corona Dr, Medanales, NM 87548

10 acre sanctuary • Privacy • Sweeping views

VIDEO TOUR

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Seize the opportunity to own 3.15 acres of vacant land perched atop a hill in the charming Ojo Caliente area. This property offers breathtaking, panoramic views of the surrounding mountains, providing a tranquil and picturesque setting for your future project. The land features easy access to essential utilities, with both electricity and community water available, making it an ideal spot for development or personal use. Located directly across the street from the renowned Ojo Caliente Spa & Resort, you'll enjoy the perfect combination of peaceful, elevated living with easy access to one of New Mexico’s most celebrated destinations. This property is Lot 2, adjacent to Lot 1, a c

$60,000

— beds— baths— sq ft

35295 Us Hwy 285 Lot 2, Ojo Caliente, NM 87549

3.15 acre lot • Listed 267 days

$100,000

— beds— baths— sq ft

Lot 1 Indian Ridge Rnch, Medanales, NM 87548

12.7 acre lot • Listed 295 days

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
El Poso Subdivision offers four available lots, ideal for manufactured, modular, or single-family homes. Residents will benefit from an owner-managed Home Owners Association and adhere to established covenants and restrictions. The subdivision boasts beautiful views and convenient access to US Highway 285, connecting to Ojo Caliente, Espanola, Abiquiu, Los Alamos, or Santa Fe.

$50,000

— beds— baths— sq ft

TBD LOT 2A Fungi Ln, Ojo Caliente, NM 87549

Four available lots • 1.59 acre lot • Listed 71 days

Property at TBD LOT 3 Juniper Rd, Ojo Caliente, NM 87549

$42,000

— beds— baths— sq ft

TBD LOT 3 Juniper Rd, Ojo Caliente, NM 87549

Property at 20 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

$74,000

— beds— baths— sq ft

20 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

Property at Lot B Corona Dr, Medanales, NM 87548

$175,000

— beds— baths— sq ft

Lot B Corona Dr, Medanales, NM 87548

Property at 60 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

$222,000

— beds— baths— sq ft

60 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

Property at TBD LOT 28 Lakewood Dr, Medanales, NM 87548

$100,000

— beds— baths— sq ft

TBD LOT 28 Lakewood Dr, Medanales, NM 87548

Property at TBD LOT 2B Fungi Ln, Ojo Caliente, NM 87549

$50,000

— beds— baths— sq ft

TBD LOT 2B Fungi Ln, Ojo Caliente, NM 87549

Property at 40 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

$148,000

— beds— baths— sq ft

40 acres Mile Marker 359 Hwy 285, Ojo Caliente, NM 87549

Property at Lots 37,38,39 Block 45, Medanales, NM 87548

$23,500

— beds— baths— sq ft

Lots 37,38,39 Block 45, Medanales, NM 87548

Property at Vicinity County Rd 142, Medanales, NM 87548

$88,000

— beds— baths— sq ft

Vicinity County Rd 142, Medanales, NM 87548

Property at TBD LOT 2C Fungi Ln, Ojo Caliente, NM 87549

$50,000

— beds— baths— sq ft

TBD LOT 2C Fungi Ln, Ojo Caliente, NM 87549

Property at TBD LOT 2D Fungi Ln, Ojo Caliente, NM 87549

$50,000

— beds— baths— sq ft

TBD LOT 2D Fungi Ln, Ojo Caliente, NM 87549

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ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Fabulous views set the stage for this rare Northern New Mexico opportunity a soulful adobe with classic vigas, sitting on a little over an acre of greenbelt land just a short 700-foot stroll to the Rio Chama. Once envisioned as a forever home and a quiet piece of heaven, the property retains thoughtful touches from a prior owner, including a charming chicken coop, corrals, and a shed reminders of a life imagined close to the land. Irrigation ditch adjoins property. Built in 2007 with a dream, this home now stands as a true blank canvas awaiting its next visionary steward. The open concept layout features a striking grand staircase leading to an upper level filled with natural light from soa

$170,000

3 beds2 baths2,898 sq ft

80 Nm 233, Hernandez, NM 87548

Greenbelt land • Grand staircase • Classic vigas

$85,000

2 beds1 bath840 sq ft

31 Private Drive 1533, Hernandez, NM 87537

0.58 acre lot • Parking • Listed 7 days

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Welcome to S. 15 Bluff Road, a beautiful 2022 Karsten 27x60 manufactured home offering 1,620 sq ft of modern living space on a spacious 3.39-acre lot in the desirable Tres Montes Subdivision. This 3-bedroom, 2-bath home features a contemporary design with stainless steel appliances, a large walk-in pantry, and an open, inviting layout. The primary bedroom includes a private en-suite bath, and all bedrooms offer generous walk-in closets for ample storage. Enjoy breathtaking, panoramic views that truly live up to the name—this is a property you won’t want to miss.

$399,900

3 beds2 baths1,640 sq ft

15 S Bluff Rd, Hernandez, NM 87537

Spacious lot • Panoramic views • Large walk-in pantry

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
This affordable fixer-upper in Alcalde offers a great opportunity for those looking to renovate or invest. Includes a detached storage shed. Situated on a spacious lot with room for expansion or outdoor projects, this property is ideal for DIY buyers or investors. This won’t last long! Schedule a showing today!

$149,900

2 beds1 bath1,846 sq ft

17 County Road 144, Alcalde, NM 87511

Spacious lot • Room for expansion • 0.25 acre lot

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
WHAT A DEAL! Seller to contribute $10,000 towards buyers closing costs/rate-buydown OR buyer can reduce the purchase price by that amount. This freshly updated 4-bedroom 3 bath home provides exceptional space and comfort, including a dedicated office/flex room- perfect for remote work, hobbies, or playroom. The extra-large master suite offers ample room for a reading nook, home gym, or media retreat- your own personal sanctuary. You'll love the spacious kitchen featuring a large center island, separate dining room, and a brand-new appliance package. Fresh exterior and interior paint. New blinds throughout make this home bright, clean, and move-in ready. Set on a 1-acre lot with RV hook-ups,

$423,900

4 beds3 baths2,569 sq ft

27 Camino De Mesa, Alcalde, NM 87511

Large center island • Separate dining room • 1-acre lot

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
This is an older adobe home in a rural setting that has under gone changes BUT it could be restored into an old fashion southwestern casa with Santa Fe style charm. The workshop in back could possibly be made into a guest casita or mother-in-law quarters. This property would be great for the growing family that want's a rural setting

$395,000

2 beds2 baths1,372 sq ft

19374 Us Highway 84/285 Hwy, Chili, NM 87537

Adobe home • Guest casita • Rural setting

Property at 1042 County Rd 41, Velarde, NM 87582, 2 beds, 2 baths

$325,000

2 beds2 baths5,427 sq ft

1042 County Rd 41, Velarde, NM 87582

Property at 46 Private Drive 1512a, Hernandez, NM 87537, 3 beds, 2 baths

$199,000

3 beds2 baths1,344 sq ft

46 Private Drive 1512a, Hernandez, NM 87537

Property at 1185 Nm 554, El Rito, NM 87530, 2 beds, 2 baths

$430,000

2 beds2 baths2,466 sq ft

1185 Nm 554, El Rito, NM 87530

Property at 335B County Rd 142, Medanales, NM 87548, 2 beds, 1 bath

$245,000

2 beds1 bath— sq ft

335B County Rd 142, Medanales, NM 87548

Property at CR63 Pd 1123, Dixon, NM 87527, 2 beds, 2 baths

$350,000

2 beds2 baths1,359 sq ft

CR63 Pd 1123, Dixon, NM 87527

Property at 164 County Rd 142, Medanales, NM 87548, 3 beds, 2 baths

$107,000

3 beds2 baths1,176 sq ft

164 County Rd 142, Medanales, NM 87548

Property at 1350 County Road 41, Velarde, NM 87582, 2 beds, 1 bath

$325,000

2 beds1 bath1,194 sq ft

1350 County Road 41, Velarde, NM 87582

Property at 766 County Rd 41, Velarde, NM 87582, 3 beds, 2 baths

$350,000

3 beds2 baths2,134 sq ft

766 County Rd 41, Velarde, NM 87582

Property at Private Drive 1613b Lot 17, Medanales, NM 87548

$78,500

— beds— baths— sq ft

Private Drive 1613b Lot 17, Medanales, NM 87548

Property at TBD Buffalo Trl, Abiquiu, NM 87510

$69,790

— beds— baths— sq ft

TBD Buffalo Trl, Abiquiu, NM 87510

Property at Lot 6 Private Drive 1613b, Medanales, NM 87548

$80,000

— beds— baths— sq ft

Lot 6 Private Drive 1613b, Medanales, NM 87548

Property at 0 County Road 59, Velarde, NM 87582

$84,900

— beds— baths— sq ft

0 County Road 59, Velarde, NM 87582

Property at TBD County Road 142, Medanales, NM 87548

$350,000

— beds— baths— sq ft

TBD County Road 142, Medanales, NM 87548

Property at Tract A3 Luna Madre Rd, El Rito, NM 87556

$199,000

— beds— baths— sq ft

Tract A3 Luna Madre Rd, El Rito, NM 87556

Cheap Homes for Sale in 87549

There are currently 16 cheap homes for sale in 87549 at a median listing price of $600K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 87549 stay on the market for 181 days. This map is refreshed with the newest listings in 87549 every 15 minutes.

In the past month, 2 homes have been sold in 87549. Find your dream home in 87549 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 87549 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 87549. If you're looking to sell your home in the 87549 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 87549 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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