Looking for a mountain home that pays for itself? This well-kept duplex is already income-producing, with a month-to-month tenant on one side bringing in $2,000 a month! With an assumable VA loan at a 2.25% interest rate and seller financing as an option, this property makes for a great investment or mountain getaway that helps cover the bills. Together, the two mirrored units offer 2,930 sq ft of living space on a 1-acre wooded lot, just 10 minutes from Angel Fire Resort. Each side includes 3 bedrooms and 2 baths in a smart split-level layout that gives everyone a little privacy. The main entrance opens to a covered porch with tongue-and-groove ceilings and a welcoming foyer—perfect for kicking off your ski boots after a day on the slopes. The living room centers around a big wood-burning stove that keeps the whole place cozy on snowy days. Downstairs, you’ll find two bedrooms, a full bath, and garage access; upstairs you’ve got the kitchen and primary bedroom. Every level has its own propane wall heater for extra comfort. Recent updates include brand-new windows throughout and tongue-and-groove accents that give the home its warm mountain feel. Each unit has separate utility meters, so it’s easy to manage whether you live in one side or rent them both out. Outside the resort boundary—no membership fees here—saving you thousands every year. Fully furnished and turnkey, this quiet duplex is surrounded by tall pines and designed from the start to be both comfortable and income-generating.
Under contract
$629,000
28 Pine Tree Rd, Angel Fire, NM 87710
6beds
2,930sqft
Est.:
Single Family Residence
Built in 1982
1 Acres Lot
$588,400 Zestimate®
$215/sqft
$-- HOA
What's special
Big wood-burning stoveTongue-and-groove accentsWelcoming foyerBrand-new windows throughoutSplit-level layout
- 117 days |
- 181 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: February 02, 2026 at 12:56pm
Listed by:
The Walking Rain Group of Coldwell Banker Mountain Properties 575-689-8929,
Coldwell Banker Mountain Properties 575-758-8673,
Joel Avila Parra 575-240-8500,
Coldwell Banker Mountain Properties
Source: Enchanted Circle,MLS#: 114178
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Other
- Dimensions: 1465
Heating
- Wood Stove, Wall Furnace
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Tongue and Groove Ceiling(s), Vaulted Ceiling(s)
- Flooring: Carpet, Tile, Wood
- Windows: Insulated Windows, Window Coverings
- Number of fireplaces: 2
- Fireplace features: Two, Living Room, Wood Burning Stove
Interior area
- Total structure area: 2,930
- Total interior livable area: 2,930 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Heated Garage, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More,Multi/Split
- Stories: 3
- Patio & porch: Covered, Deck, Porch
- Exterior features: Gravel Driveway
- Waterfront features: None
Lot
- Size: 1 Acres
- Features: Gentle Sloping, Sloped, Xeriscape
- Residential vegetation: Wooded
Details
- Zoning description: County
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
- Property subtype: Single Family Residence
Materials
- Block, Frame, Wood Siding
- Foundation: Slab
- Roof: Pitched
Condition
- Year built: 1982
- Major remodel year: 2022
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane, Phone Available
Green energy
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Other
HOA
- Membership fee: $0 annually
Location
- Region: Angel Fire
Financial & listing details
- Price per square foot: $215/sqft
- Annual tax amount: $4,083
- Date on market: 10/28/2025
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
$588,400
$559,000 - $618,000
$2,032/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2026 | Contingent | $629,000$215/sqft |
Source:  Enchanted Circle #114178 Report a problem | ||
| 10/28/2025 | Listed for sale | $629,000$215/sqft |
Source: Enchanted Circle #114177 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,292/mo
Principal & interest
$2988
Property taxes
$304
Climate risks
Neighborhood: 87710
Nearby schools
GreatSchools rating
- 1/10Eagle Nest Middle SchoolGrades: 5-8Distance: 9.2 mi
- 3/10Cimarron High SchoolGrades: 9-12Distance: 22.8 mi
- 1/10Eagle Nest Elementary SchoolGrades: PK-4Distance: 9.2 mi
Schools provided by the listing agent
- Elementary: Eagle Nest Elem
- Middle: Moreno High
- High: Moreno High
Source: Enchanted Circle. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 87710
