Cheap homes for sale & real estate in 87549, NM

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ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
PRIME INVESTMENT OR DESERT RETREAT | MINUTES FROM OJO CALIENTE MINERAL SPRINGS RESORT. Welcome to your high-desert sanctuary, tucked into the peaceful, exceptionally quiet Ojo Caliente valley. Just 2.3 miles from the infamous Mineral Springs Resort & Spa, this versatile 3-bed, 2-bath Home sits on a generous 0.75-acre lot, offering a serene country lifestyle with easy access to major hubs. INCOME POTENTIAL a flexible floor plan allows the home to be divided into two separate units-ideal for dual short-term rental income or multi-generational living. Located in a sought-after neighborhood with limited housing inventory. TURN-KEY INTERIOR newly refurbished, hardwood floors, two beautiful

$380,000

3 beds2 baths1,636 sq ft

21 County Road 177, Ojo Caliente, NM 87549

Turn-key interior • Cozy wood stove • Income potential

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Exceptional land opportunity in one of northern New Mexico's most sought-after corridors. This 9-acre parcel borders the Carson National Forest on two sides, offering sweeping views and access to thousands of acres of public land. Located near the renowned Ojo Caliente Mineral Springs, the property sits amid classic high desert terrain — wide skies and stunning 360 views. Whether you're looking to build or simply hold a piece of the Southwest, acreage bordering National Forest with paved highway access won't last at this price point. Additional acreage available.

$50,000

Land9.00 acres (lot)

TBD Highway 285, Ojo Caliente, NM 87549

High desert terrain • Sweeping views • 360 views

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
This stunning one-acre parcel in the Monte de Luz Subdivision offers beautiful mountain views and a peaceful, secluded setting. Perfect for building your dream home or as an investment opportunity, this lot provides the ideal blend of tranquility and convenience. Enjoy the serene, rural atmosphere with star-filled skies at night, while still being just a short drive from Espanola and an easy commute to Los Alamos and Santa Fe. A rare find for those seeking both privacy and accessibility!

$39,900

Land1.05 acres (lot)

18 Sparrow Ln Unit 7-C, Ojo Caliente, NM 87549

Secluded setting • Mountain views

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Nestled in the breathtaking landscape of Ojo Caliente, these exceptional vacant lots present a rare opportunity to own more than 29 acres bordering BLM land in one of Northern New Mexico’s most desirable destinations. Ideally located just one hour from both Santa Fe and Taos, the property offers the perfect balance of peaceful seclusion and convenient access to renowned art, culture, dining, and outdoor recreation. This unique offering consists of four individual parcels totaling over 29 acres: • Lot 1 – 3.812 acres • Lot 2 – 3.386 acres • Lot 3 – 3.41 acres • Lot 4 – 19.29 acres Each lot is equipped with electricity, telephone access

$85,250

Land3.41 acres (lot)

03 Ray Rd, Ojo Caliente, NM 87549

Geothermal potential • Two shared wells • Hot water production

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Spanning 6.11 acres, this lot features multiple prime building sites situated in a fantastic location with stunning vistas. Utility connections are accessible with the electric system nearby, and neighboring properties successfully utilize water wells. The terrain is also well-suited for solar applications, which could be an integral component of new construction. The property offers exceptional building sites with breathtaking 360-degree views of the surrounding landscape. To the west, the panorama includes the Rio Chama River Valley, the majestic Pedernal, and the expansive mesas past the Abiquiu Reservoir. Vistas of Sierra Negra and Plaza Blanca are visible to the northwest, while the no

$36,671

Land6.11 acres (lot)

TBD Laredowood Dr, Abiquiu, NM 87510

Utility connections • Water wells

Property at 02 Ray Rd, Ojo Caliente, NM 95749

$84,650

Land3.39 acres (lot)

02 Ray Rd, Ojo Caliente, NM 95749

Property at Tract 16-E Corona Dr, Medanales, NM 87548

$35,900

Land10.02 acres (lot)

Tract 16-E Corona Dr, Medanales, NM 87548

Property at 01 Ray Rd, Ojo Caliente, NM 87549

$95,300

Land3.81 acres (lot)

01 Ray Rd, Ojo Caliente, NM 87549

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

$42,000

Land10.00 acres (lot)

TBD LOT 3 Juniper Rd, Ojo Caliente, NM 87549

Property at LOT 4 TBD Us Hwy 285, Ojo Caliente, NM 87549

$170,000

Land8.07 acres (lot)

LOT 4 TBD Us Hwy 285, Ojo Caliente, NM 87549

Property at TBD Bridle Trl, Abiquiu, NM 87510

$59,736

Land13.27 acres (lot)

TBD Bridle Trl, Abiquiu, NM 87510

Property at Lot 1 Indian Ridge Rnch, Medanales, NM 87548

$95,000

Land12.76 acres (lot)

Lot 1 Indian Ridge Rnch, Medanales, NM 87548

Property at 05 Ray Rd, Ojo Caliente, NM 87549

$385,800

Land19.29 acres (lot)

05 Ray Rd, Ojo Caliente, NM 87549

Property at 1 Corona Dr, Medanales, NM 87548

$49,000

Land10.07 acres (lot)

1 Corona Dr, Medanales, NM 87548

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

$23,500

Land1.50 acres (lot)

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

Property at Lot 30 Cerrito De Baca, Ojo Caliente, NM 87549

$82,000

Land5.77 acres (lot)

Lot 30 Cerrito De Baca, Ojo Caliente, NM 87549

Property at 00 Vacant Land, Ojo Caliente, NM 87549

$270,000

Land63.96 acres (lot)

00 Vacant Land, Ojo Caliente, NM 87549

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

$89,900

Land10.00 acres (lot)

TBD LOT 28 Lakewood Dr, Medanales, NM 87548

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Nearby homes that match your criteria

NEW 22 HRS AGO

$279,900

3 beds1 bath1,693 sq ft

23 Private Dr, Velarde, NM 87582

0.91 acre lot • Built 1965

$200,000

1 bed0.5 baths1,456 sq ft

254 New Mexico 74, Ohkay Owingeh, NM 87566

0.83 acre lot • Built 1991 • Listed 9 days

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Breathtaking views and endless Northern NM charm await at 1256 County Road 142 in Medanales Near Abiqui. This spectacular 1,960 sq. ft. manufactured home sits on a 1.29-acre view lot packed with premium features. Minutes to Abiquiu Lake, Ghost Ranch, and Bode's. Surrounded by world-class fishing, river access, hiking trails, and a vibrant local art culture. Low-maintenance metal roof, well water, septic and propane connected. plus evaporative cooling, ceiling fans, and a charming wood-burning stove. 3 bedrooms, 2 baths, and 2 distinct living areas with zero carpet throughout. The Primary Suite has a Relaxing sitting area, walk-in closets, and an en-suite with shower. The detached Garage is

$396,900

3 beds2 baths1,960 sq ft

1256 County Rd 142, Medanales, NM 87548

Breathtaking views • Premium features • Evaporative cooling

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Enjoy the light-filled serenity of a unique Dixon, New Mexico, home. This lovely Pueblo-style home was designed by the acclaimed artist Nausika Richardson, organizer of the popular Dixon Studio Tour. The home features 10-foot ceilings and vigas, large custom windows, diamond finish walls, scored concrete floor tiles, radiant heating, a Jøtal woodstove and Nausika’s exquisite ceramic art incorporated throughout. A bonus is an enclosed 400-square-foot shed ready to become an artist’s studio, a rental property, or? The two-acre property also includes fruit trees and a field, extends from the Acequia del Bosque (water rights included) to the middle of the Embudo River, and is

$450,000

2 beds1 bath1,194 sq ft

30A County Road 64 Rd, Dixon, NM 87527

Large custom windows • Pueblo-style home • 10-foot ceilings

3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Welcome to 10 Copperhead Road in Hernandez, NM. This single-story property offers 3 bedrooms and 2 bathrooms with a practical layout and plenty of opportunity to make the space your own. The interior features a spacious living area, dedicated dining space, and a generously sized kitchen with abundant cabinetry and counter space. The kitchen includes a gas range, refrigerator, microwave, and convenient breakfast-bar-style counter. The three bedrooms provide flexible living space, while the one-level floor plan makes the home easy to navigate. Outside of the living space, the property offers several notable water resources and utility options. The property includes a private well and water ri

$300,000

3 beds2 baths1,440 sq ft

8 Copperhead Rd, Hernandez, NM 87537

Spacious living area • Single story • Abundant cabinetry

ABOUT THIS HOME
Cheap Home for sale in 87549, NM:
Bring your vision and creativity to this unique Hernandez property! This approximately 960 sq. ft. home offers the warmth and character of traditional Northern New Mexico construction, with exposed vigas, wood ceilings, stucco exterior, and a simple, functional floor plan. Nestled among mature trees with views of the surrounding hills, the property offers a quiet rural feel while remaining within easy reach of Espanola and nearby communities. Inside you'll find a spacious kitchen, full bath, laundry/utility area, and rooms with plenty of potential for updating and customization. Whether you're looking for a renovation project, investment opportunity, or a place to create your own Northern N

$175,000

1 bed1 bath960 sq ft

135 County Road 135, Hernandez, NM 87537

Wood ceilings • Spacious kitchen • Stucco exterior

Property at 10 New Mexico State Rd #233, Medanales, NM 87548, 3 beds, 3 baths

$371,500

3 beds3 baths2,725 sq ft

10 New Mexico State Rd #233, Medanales, NM 87548

$370,000

3 beds3 baths2,382 sq ft

10 New Mexico State Rd 233, Medanales, NM 87548

Property at 143 County Rd 51, Velarde, NM 87582, 3 beds, 1 bath

$275,000

3 beds1 bath1,333 sq ft

143 County Rd 51, Velarde, NM 87582

Property at 11 Unicorn, Abiquiu, NM 87510, 4 beds, 2 baths

$412,000

4 beds2 baths1,971 sq ft

11 Unicorn, Abiquiu, NM 87510

Property at 1216 State Rd 554, El Rito, NM 87530, 1 bed, 1 bath

$85,000

1 bed1 bath684 sq ft

1216 State Rd 554, El Rito, NM 87530

Property at 272 State Road 75, Dixon, NM 87527, 2 beds, 2 baths

$349,000

2 beds2 baths1,300 sq ft

272 State Road 75, Dixon, NM 87527

Property at 47 Private Drive 1521, Hernandez, NM 87537, 3 beds, 2 baths

$280,000

3 beds2 baths1,440 sq ft

47 Private Drive 1521, Hernandez, NM 87537

Property at 1092 County Road 142, Medanales, NM 87548

$44,999

Land3.50 acres (lot)

1092 County Road 142, Medanales, NM 87548

Property at 27 Private Dr, Alcalde, NM 87511

$90,000

Land0.75 acre (lot)

27 Private Dr, Alcalde, NM 87511

Property at 1038 County Road 41, Embudo, NM 87582

$425,000

Land14.47 acres (lot)

1038 County Road 41, Embudo, NM 87582

Property at 29 State Road 96 Rd #7, Abiquiu, NM 87510

$185,000

Land5.00 acres (lot)

29 State Road 96 Rd #7, Abiquiu, NM 87510

Property at 17 Private Drive 1618a Dr, Abiquiu, NM 87510

$95,000

Land1.10 acres (lot)

17 Private Drive 1618a Dr, Abiquiu, NM 87510

Property at 0 County Road 41, Velarde, NM 87582

$100,000

Land1.00 acre (lot)

0 County Road 41, Velarde, NM 87582

Property at TBD Private Dr 1034e, Alcalde, NM 87511

$60,000

Land1.25 acres (lot)

TBD Private Dr 1034e, Alcalde, NM 87511

Cheap Homes for Sale in 87549

There are currently 18 cheap homes for sale in 87549 at a median listing price of $545K. 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 189 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. In addition to houses in 87549, there was also 1 condo, 0 townhouses, and 0 multi-family units for sale in 87549 last month. 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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