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131 Shae Road, Corona, NM 88318

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For Sale

$500,000

3 beds • 2 baths • 1 half baths • 2,099 sqft

Estimated Payment

$ 2,664 /mo. †

6.65% APR for 30 yrs.
$1,153 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $238.21
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Nestled in the picturesque Cougar Mountain Estates in Corona, Lincoln County, this custom pueblo-style home offers unparalleled serenity and breathtaking year-round views. Set on a spacious 40-acre lot, the property is bordered on the west by the sprawling 34,000 acres of Cibola National Forest, providing endless opportunities for outdoor adventures and exploration. This 2,099 sq. ft. home features 3 bedrooms and 2.5 bathrooms, with a master suite that includes a large walk-in closet. Fully furnished and ready for immediate move-in, the property also boasts a 20' x 30' metal shop, perfect for storage or hobbies. Enjoy frequent sightings of local wildlife, such as elk and deer, and take advantage of the nearby town fishing pond, just 5 minutes away.
MLS# 1067480

Courtesy Of Realty ONE Group Concierge

(505) 318-1111

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dryer, Microwave, Range, Refrigerator
  • Architecture Style
    Pueblo
  • Exterior Type
    Stucco
  • Floor Covering
    Laminate
  • Lot Size
    39.53 Acres
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 131 Shae Road, Corona, NM 88318

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $2,568
  • Property Taxes
    $96
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,664

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Corona Elementary School

Grades PK-6 Public School

Corona, NM 88318 0.7 miles
531 franklin st

39 total students
7:1 Student teacher ratio

School Rating: A+

School Details

Corona High School

Grades 7-12 Public School

Corona, NM 88318 0.7 miles
531 franklin st

24 total students
4:1 Student teacher ratio

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Corona, NM 88318

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Corona, NM 88318

This community’s employment is highest in the sales and production occupations industries. The area’s overall household expenses are above the national average.

86° July
Hottest Average Month
20° January
Coldest Average Month
194 Total Households in Area
-0% Increase in population since the year 2010
18.1%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Corona, NM 88318

Corona, NM 88318 has a population of 421 people in 194 households with a median age of 50.3 years old.

-0%
Decrease in population
since the year 2010
Population is Trending down
187
Total households as of 2010
4.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 50.3 years old. The smallest percentage group is 65-74 years and the largest percentage is the 0-5 years age range.

Community Population By Ethnicity

White 74%
Hispanic 34%
Other 11%
Native American <1%
Black <1%
Asian <1%
The most prevalent ethnicity is White at 74%, followed by Hispanic at 34%, Other at 11%, and Native American at <1%.

Economics
for Corona, NM 88318

0 /sq mi
Population Density
$59,655 /yr
Median Household Income
$0
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 19.99% of the households.

Transportation to Work

  • Drive 63%
  • Work from Home 27%
  • Walk or Bike 6%
  • Public Transit 4%

Occupancy by Type

Owned 160 55%
Vacant 95 33%
Rented 34 12%

White vs Blue Collar Jobs







White Collar 83%
Blue Collar 17%

Family & Education Facts
for Corona, NM 88318

50.3 Median Age

Average Household Size

2.2
persons per
household

58%

Married Households

Community Population By Education

High School Graduate 34%
Graduate Degree 22%
Some College 22%
Bachelors Degree 10%
Associates Degree 7%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 34.1% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
18.1% of households have children

Weather
for Corona, NM 88318

The weather for this area ranges from a high of 86° F in July to a low of 20° F in January

86° July
Hottest Average Month
20° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
20°
47°
Feb
23°
52°
Mar
27°
58°
Apr
34°
67°
May
42°
75°
Jun
51°
84°
Jul
56°
86°
Aug
55°
84°
Sep
48°
78°
Oct
38°
68°
Nov
27°
57°
Dec
21°
48°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Corona, NM 88318!
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Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' 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 being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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