Move-in ready and beautifully updated, this 2-bedroom, 2-bath condominium offers comfort, style, and convenience. The primary suite features double closets, while both bathrooms have been completely remodeled with modern finishes. Updates include new flooring, fresh paint, new washer and dryer, new HVAC system and a premium LG stainless steel appliance package. Enjoy the cozy fireplace and the calming color palette throughout. Nestled near Midtown with easy access to shops, dining, and entertainment. This home also offers the unique charm of wildlife sightings right outside your door. HOA quarterly dues $700 includes exterior maintenance, landscaping, water, sewer, trash and snow removal. There is a one-time transfer fee of $1000 + grt.
For sale
Price cut: $15K (6/8)
$180,000
120 Lower Terrace Dr #15, Ruidoso, NM 88345
2beds
1,080sqft
Condominium
Built in 1979
-- sqft lot
$-- Zestimate®
$167/sqft
$233/mo HOA
What's special
- 581 days |
- 314 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Keli L. Cox 575-937-4616,
Zia Real Estate 575-258-8656
Source: RLCMLS,MLS#: 131841
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric, Fireplace(s), Other
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Stacked
Features
- Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry
- Flooring: Carpet, Vinyl
- Number of fireplaces: 1
- Fireplace features: Insert, Wood Burning
Interior area
- Total interior livable area: 1,080 sqft
Property
Parking
- Parking features: No Garage, On Site
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Fencing: None
- Has view: Yes
- View description: Golf Course
- Waterfront features: None
Lot
- Features: Cleared, Near Golf Course, Level
Details
- Additional structures: None
- Parcel number: 4071064498485CM0002
- Zoning: R3
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary,Mountain
- Property subtype: Condominium
Materials
- Frame, Vinyl Siding
- Roof: Metal,Pitched
Condition
- See Remarks
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Fairway Meadows Cond
HOA
- HOA fee: $700 quarterly
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $120,309
- Annual tax amount: $2,355
- Date on market: 11/26/2024
- Cumulative days on market: 614 days
- Listing terms: Cash,Conventional,1031 Exchange
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,498/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $180,000-7.7%$167/sqft |
Source:  RLCMLS #131841 Report a problem | ||
| 8/20/2025 | Price change | $195,000-4.9%$181/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 6/17/2025 | Price change | $205,000-3.3%$190/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 5/13/2025 | Price change | $212,000-3.2%$196/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 4/28/2025 | Price change | $219,000-1.8%$203/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 2/19/2025 | Price change | $223,000-2.6%$206/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 1/15/2025 | Listed for sale | $229,000$212/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 12/7/2024 | Listing removed | $229,000-2.6%$212/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 11/26/2024 | Listed for sale | $235,000+22.1%$218/sqft |
Source: RLCMLS #131841 Report a problem | ||
| 2/23/2023 | Listing removed | -- |
Source: RLCMLS #129078 Report a problem | ||
| 1/12/2023 | Listed for sale | $192,500+67.4%$178/sqft |
Source: RLCMLS #129078 Report a problem | ||
| 10/5/2020 | Sold | -- |
Source: RLCMLS #124211 Report a problem | ||
| 8/13/2020 | Listed for sale | $115,000+2.8%$106/sqft |
Source: Future Real Estate #124211 Report a problem | ||
| 5/8/2019 | Listing removed | $111,900$104/sqft |
Source: Berkshire Hathaway HomeServices Lynch Realty #122371 Report a problem | ||
| 2/18/2019 | Listed for sale | $111,900$104/sqft |
Source: Berkshire Hathaway HomeServices Lynch Realty #122371 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,211 +3.4% | $40,103 +3% |
| 2024 | $1,171 +4.5% | $38,935 +3% |
| 2023 | $1,120 -2% | $37,801 |
| 2022 | $1,143 +0.5% | $37,801 |
| 2021 | $1,137 +46.5% | $37,801 |
| 2020 | $776 +6.9% | $37,801 +50.8% |
| 2019 | $726 +3.6% | $25,070 +3% |
| 2018 | $701 +3.9% | $24,340 +6.1% |
| 2015 | $675 +5.9% | $22,943 +3% |
| 2014 | $637 | $22,275 |
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
- 6/10White Mountain Elementary SchoolGrades: 3-5Distance: 1.9 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 1.8 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 1.9 mi
- $193,8002 bd2 ba1k sqft120 Lower Terrace Dr, Ruidoso, NM 88345Off Market
- $--2 bd2 ba1k sqft120 Lower Terrace Dr UNIT 13, Ruidoso, NM 88345Sold
- $293,500-- bd-- ba2k sqft100 Roswell St, Ruidoso, NM 88345Off Market
- $--2 bd2 ba1k sqft120 Lower Terrace Dr UNIT 20, Ruidoso, NM 88345Sold
- $5,41810,454 sqft102 Roswell St, Ruidoso, NM 88345Off Market
- $--8,712 sqft102 Roswell, Ruidoso, NM 88345Off Market
- $180,8002 bd2 ba1k sqft120 Lower Terrace Dr UNIT 16, Ruidoso, NM 88345Off Market
- $--2 bd2 ba1k sqft120 Lower Terrace Dr UNIT 23, Ruidoso, NM 88345Sold
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.
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