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: $30K (6/11)
$595,000
103 University Dr, Ruidoso, NM 88345
4beds
2,160sqft
Single Family Residence
Built in 1998
0.73 Acres Lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Two separate furnished cabinsEnhanced driveway lightingFreshly stained deck
- 42 days |
- 113 |
- 10 |
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 REALTORSLoading...
Facts & 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: $275/sqft
- Tax assessed value: $358,650
- Annual tax amount: $3,725
- Date on market: 5/1/2026
- Cumulative days on market: 44 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 |
|---|---|---|
| 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 |
|---|---|---|
| 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 | $68,353 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Lincoln County
- Ruidoso
- 88345
- 103 University Dr
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Other Ruidoso Topics
