Browse All Red River Under $200K Properties for Sale

Here's a rare chance to build exactly the mountain retreat you've always wanted — from the studs up. This 2 bed, 2 bath home with attached one-car garage has been fully gutted following a water leak, and here's the good news: the source of the leak has already been identified and repaired, with all plumbing replaced with durable, modern PEX piping. What's left is a clean slate, ready for new interior walls, drywall, and finishes tailored to your taste. Tucked along Stage Coach Bend in Red River, this property offers the chance to own in one of Northern New Mexico's most beloved four-season destinations — without paying a premium for someone else's design choices. Whether you're a renovator, investor, or buyer looking to customize every detail of your future home or vacation getaway, this is your opportunity to start fresh in a location surrounded by skiing, fishing, hiking, and small-town mountain charm. Property Highlights 2 bedrooms, 2 bathrooms Attached 1-car garage Leak fully repaired — plumbing upgraded to PEX piping throughout Interior gutted and ready for rebuild Framing, drywall, and finish work needed throughout Ideal for buyers seeking a renovation project or investment opportunity Located in Red River, NM — close to skiing, the Red River, and downtown shops & dining The Opportunity This home is priced to reflect its as-is condition, giving buyers the chance to build equity through renovation and finish the space to their own specifications. Bring your contractor, your vision, this one is ready for a fresh start. Sold as-is. Buyer to verify all information, including square footage, permits, and scope of remaining work.

322 Stagecoach Bend, Red River

$32,000

2 Beds ⋅ 2 Baths ⋅ 115389 MLS

This cozy unit is on the first floor and featrures two bedrooms, two baths, a kitchen and living room. It sleeps six very comfortably. The pond, swimming pool and playground are additional benefits. The weeks for this time period are as follows: Winter weeks: December 13 - January 2 (Christmas break). Spring week: April 19- 25. Summer Weeks: May 24 - June 13. Fall Week: November 8 - November 14. If you choose to not come up and stay, the manager at Caribel will rent for you and or you can rent through your own website.

700 Claimjumper, Red River

$199,000

1 Beds ⋅ 1 Baths ⋅ 115122 MLS

Beautiful, cozy condo located in the ever so popular ski-in/ski-out Lift's West Condominiums Mountain Building! Well adorned 1 bedroom, 1 bathroom unit WITH additional sleeping in the living room... As you walk in you will find the queen bedroom on the left side with a full bathroom (shower/tub combo, vanity and throne) across the hallway. There's an open space kitchen and dining area, corner wood fireplace, and windows welcoming the South and Western sun and skies. Comfortable lazy boy lounge chairs in the living room with a twin daybed/trundle, TV, and dining area with a small balcony overlooking River Street, "The Face" of the ski area and Bunker Hill Trl. Complete with storage knook off the kitchen with washer/dryer hookups, a wood fireplace, adequate parking surrounding complex. Rental history available upon request. Sells fully furnished, minus personal effects.

201 Main St Unit 105, Red River

$150,000

115107 MLS

Great building lot with river frontage and incredible views of the Wheeler Peak wilderness area.

26 Valley Of The Pines, Red River

$85,000

115007 MLS

Lot 53 of Monte Vista Estates is that piece of land everyone looks for. It's flat, which means no costly hillside excavation and retainment. It gets great sun exposure so you will get plenty of vitamin D. Plus, it's easily accessible right off Upper Red River Valley Road so you won't need to embark on a polar expedition to get in during the winter months. Great views in every direction make this the perfect spot to build your mountain home.

Lot 53 Upper Red River Valley Road, Red River

$159,000

1 Beds ⋅ 1 Baths ⋅ 114774 MLS

Cozy and inviting, this 1-bath, 1-bedroom condo captures the charm of Red River living. Just a short walk to the ski slopes and within easy strolling distance to restaurants, shops, and entertainment, it’s the perfect mountain getaway. The unit features a comfortable living area with a couch and a sleeping space, plus a fully equipped kitchen—everything you’ll need to stay or rent right away. With an excellent short-term rental history, this turnkey condo is ready for you to enjoy or start earning rental income. Nestled in Red River’s signature mountain setting, it offers year-round access to skiing, hiking, fishing, and all the local adventures the town has to offer. Affordable monthly HOA fees cover electric, gas, internet, water, trash, snow removal, and exterior maintenance, making ownership simple and worry-free. Its prime in-town location ensures convenience, charm, and strong rental appeal—all wrapped up in a cozy and affordable mountain retreat.

90 N Independence Trail 3 Unit 3, Red River

$99,000

113936 MLS

****Updated 6/27/26**** Major Cleanup Accomplished AND Owner Financing Available. Your Mountain Dream Starts Here!! Imagine waking up to the crisp mountain air and stepping outside to sweeping views of Red River’s breathtaking Upper Valley. This 1-acre lot in the coveted Hidden Valley Subdivision offers the perfect canvas for your custom mountain retreat. With year-round access, you can enjoy every season of alpine living—from summer hikes among wildflowers to snowy winter mornings just minutes from the Red River Ski Area. Hidden Valley is prized for its serene setting, abundant wildlife, and sense of seclusion, all while keeping you close to town conveniences. Whether you’re looking for a private getaway or a future vacation rental investment, this property delivers unmatched potential and truly spectacular scenery.

Lots 22 and 23 Hidden Valley, Red River

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