WOW! Dual Cabin Setup situated on approximately 0.72 acres; this unique property features two separate FURNISHED cabins offering flexibility for both personal use and short-term rental income. The main cabin includes 3 bedrooms, 2 bathrooms, and a 2-car garage, providing ample space for families and groups. The second cabin is a well-appointed efficiency unit with a full bath--perfect for additional rental income or guest accommodations. This property is turnkey and ready to generate income immediately. Recent exterior improvements: freshly stained deck and enhanced driveway lighting, creating a welcoming and functional outdoor space. Whether you're looking for a personal mountain retreat, an investment property, or both, this one stands out with its versatility and income potential!
For sale
Price cut: $20K (7/6)
$575,000
103 University Dr, Ruidoso, NM 88345
4beds
2,160sqft
:
Get pre-qualified$3,493/mo
Single Family Residence
Built in 1998
0.73 Acres Lot
$-- Zestimate®
$266/sqft
$-- HOA
What's special
Two separate furnished cabinsEnhanced driveway lightingFreshly stained deck
- 88 days |
- 299 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Rusty & Kelli Shelton 575-937-8056,
Southern New Mexico Realty 575-257-1111
Source: RLCMLS,MLS#: 133998
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Den, Dining Room, Family Room
Heating
- Forced Air, Fireplace(s), Natural Gas, Wood Stove
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Breakfast Bar, Ceiling Fan(s), Open Floorplan, Storage, Main Level Primary
- Flooring: Carpet, Wood
- Number of fireplaces: 2
- Fireplace features: Other
- Furnished: Yes
Interior area
- Total interior livable area: 2,160 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Circular Driveway, Garage, On Site
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch, Other
- Exterior features: Lighting, Rain Gutters
- Fencing: Partial
- Has view: Yes
- View description: Trees/Woods
- Waterfront features: None
Lot
- Size: 0.73 Acres
- Features: Interior Lot, Level, Other, Sloped Up
Details
- Additional structures: Guest House
- Parcel number: 4072062159106000000
- Zoning: R1
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain,Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Roof: Metal,Pitched
Condition
- Updated/Remodeled
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Airport West 2nd Addition
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $369,408
- Annual tax amount: $3,725
- Date on market: 5/1/2026
- Cumulative days on market: 89 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $575,000-3.4%$266/sqft |
Source:  RLCMLS #133998 Report a problem | ||
| 6/11/2026 | Price change | $595,000-4.8%$275/sqft |
Source: RLCMLS #133998 Report a problem | ||
| 5/1/2026 | Listed for sale | $625,000$289/sqft |
Source: RLCMLS #133998 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,726 +6.4% | $123,136 +3% |
| 2024 | $3,502 -3.2% | $119,550 +3% |
| 2023 | $3,618 -0.4% | $116,068 +3% |
| 2022 | $3,631 +4.3% | $112,687 +7.3% |
| 2021 | $3,482 +3.9% | $105,025 +3% |
| 2020 | $3,351 +6.5% | $101,966 +2% |
| 2019 | $3,148 +9.3% | $99,967 |
| 2018 | $2,879 +50% | $99,967 +48.8% |
| 2017 | $1,919 | $67,192 +0.5% |
| 2015 | $1,919 +0.3% | $66,840 |
| 2014 | $1,913 +6.3% | $66,840 -2.2% |
| 2010 | $1,799 | $68,353 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 88345
Nearby schools
GreatSchools rating
- 5/10Sierra Vista Primary SchoolGrades: PK-2Distance: 0.6 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 2.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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