Eagle Nest is a village in Colfax County, New Mexico. The population was 290 at the time of the 2010 census. Located along the Enchanted Circle Scenic Byway, Eagle Nest is a small summer-home and resort destination. Originally named Therma, the village was renamed Eagle Nest in the 1930s. The town is located in the Sangre de Cristo Mountains (a sub-range of the Rocky Mountains) in northern New Mexico near the Colorado border.

Eagle Nest is located in western Colfax County at 36°33′8″N 105°15′41″W / 36.55222°N 105.26139°W / 36.55222; -105.26139 (36.552109, -105.261336), in the Moreno Valley, between the Cimarron Range to the east and the main layer of the Sangre de Cristo Mountains to the west. The village is at the north halt of Eagle Nest Lake, a reservoir upon the Cimarron River.

According to the United States Census Bureau, the village has a total Place of 5.1 square miles (13.1 km), of which 4.2 square miles (10.9 km²) is estate and 0.85 square miles (2.2 km), or 16.76%, is water.

As of the census of 2000, there were 306 people, 141 households, and 90 families residing in the village. The population density was 71.0 people per square mile (27.4/km²). There were 333 housing units at an average density of 77.3 per square mile (29.8/km). The racial makeup of the village was 84.97% White, 0.33% African American, 3.27% Native American, 6.21% from additional races, and 5.23% from two or more races. Hispanic or Latino of any race were 12.75% of the population.