Eagle Nest is a village in Colfax County, New Mexico, United States. The population was 306 at the 2000 census. Situated on the Enchanted Circle Highway, Eagle Nest is a small summer-home and resort area. Originally named Therma, the village was renamed Eagle Nest in the 1930s. According to the United States Census Bureau, the village has a total area of 5.2 square miles (13 Square Kilometer), of which, 4.3 square miles (11 Square Kilometer) of it is land and 0.9 square miles (2.3 Square Kilometer) of it (16.96%) is water.