$395,000
$1K PRICE INCREASE

394 Laughing Horse Trail Capitan, NM 88316

Estimated payment $2,261/month

Total Views 664
3 Beds
2 Baths
1,984 Sq Ft
$199 Price per Sq Ft

Highlights

  • Popular Property
  • Horses Allowed On Property
  • Open Floorplan
  • Capitan Elementary School Rated A-
  • Panoramic View
  • Deck

About This Home

If you're looking for wide-open space, big mountain views, and a comfortable home with room to stretch, this is it. This 3-bedroom, 2-bath Solitaire home, sits on open land with unbeatable views of the Capitan Mountains, Sierra Blanca, Nogal Peak, and even the Spencer Theater.

Inside, you'll find two spacious living rooms, an open kitchen that's great for gatherings, and a separate office area. The interior was recently painted, and there's a brand-new HVAC system to keep things comfortable year-round.

There's also a small accessory dwelling near the eastern edge of the property that's perfect for guests or storage.

It's a great setup with tons of potential, peaceful, private, and just a short drive to town, but far enough out to enjoy the quiet and the views.

Listing Agent

Lily Mendenall

Future Real Estate License #52407 Listed on: 08/15/2025

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $1,509

Year Built

  • Built in 2003

Lot Details

  • 10 Acre Lot
  • Property fronts a county road
  • Dirt Road
  • Dog Run
  • Chain Link Fence
  • Level Lot
  • Back Yard Fenced

Property Views

  • Panoramic
  • Mountain
  • Valley

Home Design

  • Ranch Style House
  • Frame Construction
  • Shake Roof
  • Composition Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room
  • Home Office
  • Storage

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • Circular Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Heater
  • Septic Tank

Additional Features

  • Horses Allowed On Property
  • Manufactured Home

Listing and Financial Details

  • Assessor Parcel Number 4075054212366

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$1,509

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Unit Levels: One
  • Property Sub Type: Manufactured Home
  • Prop. Type: Residential
  • Year Built: 2003
  • Lot Size Acres: 10.0
  • Road Frontage Type: County Road
  • Road Surface Type: Dirt
  • Co List Office Phone: 575-415-4039
  • MLS Status: Active
  • Subdivision Name: Metes & Bounds
  • Architectural Style: Ranch
  • Body Type: Double Wide
  • ResoBuildingAreaSource: Owner
  • Levels:One: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Cooling:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Utilities Electricity Connected: Yes
  • Fencing Back Yard: Yes
  • Flooring:Carpet: Yes
  • Fencing:Partial: Yes
  • View:Mountain(s): Yes
  • Other Structures:Shed(s): Yes
  • Other Structures:Out Building: Yes
  • Flooring:Vinyl: Yes
  • Roof:Composition: Yes
  • View:Valley: Yes
  • Rooms:Family Room: Yes
  • Fencing:Chain Link: Yes
  • Water Source:Well: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Range, Range Hood, Refrigerator, Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Open Floorplan, Storage
  • Other Equipment: See Remarks
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Range Hood: Yes
  • Fireplace:Wood Burning: Yes
  • Other Rooms:Office: Yes

Exterior Features

  • Fencing: Chain Link, Partial, Back Yard
  • Lot Features: Gentle Sloping, Level, Views
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Covered, Deck
  • Property Condition: See Remarks
  • Roof: Composition, Shake
  • View: Capitans, Mountain(s), Panoramic, Sierra Blanca, Valley
  • Waterfront Features: None
  • Horse: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Dog Run
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Deck: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Level: Yes
  • Lot Features:Views: Yes
  • View:Panoramic: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Circular Driveway, Gravel

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Forced Air
  • Utilities: Electricity Connected
  • Water Source: Well
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Septic Tank
  • Heating:Forced Air: Yes
  • Water Heater: Yes
  • Heating:Electric: Yes

Lot Info

  • Zoning: Rural
  • Lot Dimensions: 10 acres
  • Lot Size Sq Ft: 435600.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1509.45
  • Tax Block: -
  • Tax Lot: -
  • Tax Map Number: 4075054212366
  • Tax Tract: -

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,509 $6,667 $6,667 $0
2024 $1,509 $6,667 $6,667 $0
2023 $1,509 $85,266 $7,586 $77,680
2022 $1,323 $85,266 $7,586 $77,680
2021 $1,297 $79,924 $2,252 $77,672
2020 $960 $49,589 $2,252 $47,337
2019 $761 $49,589 $2,252 $47,337
2018 $761 $49,589 $2,252 $47,337
2017 $761 $41,778 $2,252 $39,526
2015 $762 $45,899 $7,520 $38,379
2014 $737 $44,717 $7,456 $37,261
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $394,000 +57.6% $199 / Sq Ft
11/02/2017 11/02/17 Sold -- -- --
10/03/2017 10/03/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $250,000 -- $130 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Mortgage Sln
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $239,400 New Conventional
Previous Owner $190,400 VA
Previous Owner $38,000 New Conventional
Source: Public Records

Similar Homes in Capitan, NM

  • 262 Dawson Rd, Capitan, NM 88316

    $310,000

    • 4 Beds
    • 2 Baths
    • 3,000 Sq Ft
    • 262 Dawson Rd
    • Capitan, NM

    Remodeled in 2025, this 5+-acre property comes with 3,000+ sq. ft. of living space. Breathtaking, panoramic views of the Sierra Blanca Mountain range—some of the best in the area. Enjoy year-round access, southwest exposure, and country privacy near town. Features include a solar powered well pump, two large storage tanks, and a rain catchment system. The master bedroom offers a

    Dan Bolin AMoR Real Estate

    Section Image
  • 262 Dawson Rd, Capitan, NM 88316

    $455,000

    • 4 Beds
    • 2 Baths
    • 3,000 Sq Ft
    • 262 Dawson Rd
    • Capitan, NM

    Remodeled in 2025, this 12-acre property spans 3 lots with 3,000+ sq. ft. of living space. Breathtaking, panoramic views of the Sierra Blanca Mountain range—some of the best in the area. Enjoy year-round access, southwest exposure, and country privacy near town. Features include a solar powered well pump, two large storage tanks, and a rain catchment system. The master bedroom offers a

    Dan Bolin AMoR Real Estate

    Section Image
See All Homes in Capitan

Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 133032

APN: 4075054212366000000

New Mexico Lincoln County Capitan 88316

394 Laughing Horse Trail, Capitan, NM

This home is located at 394 Laughing Horse Trail, Capitan, NM 88316 and is currently priced at $395,000, approximately $199 per square foot. This property was built in 2003. 394 Laughing Horse Trail is a home located in Lincoln County with nearby schools including Capitan Elementary School, Capitan Middle School, and Capitan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Lily Mendenall
Section Image
Future Real Estate
(575) 500-6937