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For sale
    • $398,500

    111 University Dr, Ruidoso, NM 88345

    3beds
    2,257sqft
    : 
    $2,446/mo
    Get pre-qualified
    Single Family Residence
    Built in 1995
    0.4 Acres Lot
    $-- Zestimate®
    $177/sqft
    $-- HOA

    What's special

    Open-concept livingWell-sized bedroomsComfortable sleeping quarters
    Welcome to this beautifully maintained single-level retreat nestled in the serene mountain village of Ruidoso, New Mexico. Generous open-concept living: the spacious living room flows seamlessly into the dining area and kitchen--ideal for casual living and entertaining. Comfortable sleeping quarters: three well-sized bedrooms and two full baths. Built in 1995 and in a solid Southwest home style, the home blends nicely with the mountain-town character of the area. With its size, lot and setting, this property represents a rare opportunity--especially for someone seeking primary residence, weekend getaway or mountain-town investment property!
    278 days
    |
    780
    |
    52
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Leslie Sisk 575-937-8782,

    Mountain Home Properties NM 575-315-1885

    Source: RLCMLS,MLS#: 133289MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bonus Room
      Primary bedroom
      • Level: Main
      Heating
      • Forced Air, Fireplace(s), Natural Gas
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Water Heater, Washer
      Features
      • Breakfast Bar, Ceiling Fan(s), Storage
      • Flooring: Carpet, Tile
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning
      • Furnished: Yes
      Interior area
      • Total interior livable area: 2,257 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached, Circular Driveway, Garage, RV Access/Parking
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Courtyard
      • Has view: Yes
      • View description: Mountain(s), Trees/Woods
      Lot
      • Size: 0.4 Acres
      • Features: Interior Lot, Sloped Up, Wooded
      Details
      • Parcel number: 4072062198118000000
      • Zoning: R1
      • Other equipment: None
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Pueblo
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Roof: Metal,Pitched
      Condition
      • See Remarks
      • Year built: 1995

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Not 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: $177/sqft
      • Tax assessed value: $379,500
      • Annual tax amount: $3,803
      • Date on market: 11/1/2025
      • Cumulative days on market: 280 days
      • Listing terms: Cash,Conventional,1031 Exchange,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

        DateEventPrice
        2/17/2026Price change$398,500-6.2%$177/sqft
        Source: RLCMLS #133289 Report a problem
        11/1/2025Listed for sale$425,000-3.4%$188/sqft
        Source: RLCMLS #133289 Report a problem
        10/1/2025Listing removed$439,900$195/sqft
        Source: RLCMLS #130717 Report a problem
        6/8/2025Price change$439,900-2.2%$195/sqft
        Source: RLCMLS #130717 Report a problem
        11/19/2024Price change$449,900-4.1%$199/sqft
        Source: RLCMLS #130717 Report a problem
        9/23/2024Price change$469,000-2.1%$208/sqft
        Source: RLCMLS #130717 Report a problem
        7/3/2024Price change$479,000-3.8%$212/sqft
        Source: RLCMLS #130717 Report a problem
        6/15/2024Listed for sale$498,000$221/sqft
        Source: RLCMLS #130717 Report a problem
        6/3/2024Contingent$498,000$221/sqft
        Source: RLCMLS #130717 Report a problem
        3/16/2024Price change$498,000+4.8%$221/sqft
        Source: RLCMLS #130717 Report a problem
        6/5/2023Price change$475,000-13.5%$210/sqft
        Source: RLCMLS #128826 Report a problem
        10/17/2022Listed for sale$549,000+96.1%$243/sqft
        Source: RLCMLS #128826 Report a problem
        6/6/2019Sold--
        Source: RLCMLS #123217 Report a problem
        5/17/2019Pending sale$279,900$124/sqft
        Source: Coldwell Banker SDC #123217 Report a problem
        4/29/2019Listed for sale$279,900$124/sqft
        Source: Coldwell Banker SDC #123217 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,820 +0.4%$126,500
        2024$3,803 +53.2%$126,500 +51%
        2023$2,482 +3.5%$83,793 +3%
        2022$2,399 +3.6%$81,353 +3%
        2021$2,316 +2.1%$78,983 +3%
        2020$2,267 +21.7%$76,682 +19.3%
        2019$1,863 +3.6%$64,290 +3%
        2018$1,798 +3.9%$62,418 +3%
        2017$1,730 $60,594 0%
        2015$1,730 -0.2%$60,600
        2014$1,734 $60,600
        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.
        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.
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        Climate risks

        Neighborhood: 88345

        Getting around

        24 / 100
        Car-Dependent
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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