For sale

Price cut: $10K (6/11)

$169,000

120 Lower Terrace Dr Unit 18, Ruidoso, NM 88345

2beds

1,080sqft

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Condominium

Built in 1979

-- sqft lot

$-- Zestimate^®

$156/sqft

$233/mo HOA

What's special

Possible Lease Purchase on this Clean and neat end unit on bottom level at conveniently located Fairway Meadows Condominiums... perennially a well kept and desired complex...walking distance to midtown and a major super market...has been a long term rental.

86 days

110

3

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Living Room

Heating

Central, Forced Air, Fireplace(s)

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Washer/Dryer Stacked, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
Laundry: Stacked

Features

Breakfast Bar, Ceiling Fan(s), Primary Downstairs, Open Floorplan, Pantry, Main Level Primary
Flooring: Carpet, Laminate, Tile
Number of fireplaces: 1
Fireplace features: Raised Hearth

Interior area

Total interior livable area: 1,080 sqft

Property

Parking

Parking features: On Site, Paved, Parking Lot, Shared Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch, Front Porch, Balcony
Exterior features: Balcony
Fencing: None
Has view: Yes
View description: Trees/Woods
Waterfront features: None

Lot

Features: Gentle Sloping, Wooded

Details

Zoning: R1
Horse amenities: None

Construction

Type & style

Home type: Condo
Architectural style: Mountain
Property subtype: Condominium

Materials

Wood Siding
Roof: Metal

Condition

See Remarks
Year built: 1979

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Fairway Meadows Cond

HOA

Has HOA: Yes
Services included: Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
HOA fee: $700 quarterly

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $156/sqft
Annual tax amount: $2,154
Date on market: 2/21/2025
Cumulative days on market: 464 days
Listing terms: Cash,Conventional,FHA,Lease Purchase,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,530/mo

Price history

Date	Event	Price
6/11/2026	Price change	$169,000-5.6%$156/sqft
Source: RLCMLS #132122 Report a problem
4/3/2026	Listed for sale	$179,000-10.1%$166/sqft
Source: RLCMLS #132122 Report a problem
3/5/2026	Listing removed	$199,000$184/sqft
Source: RLCMLS #132122 Report a problem
5/16/2025	Price change	$199,000-7.4%$184/sqft
Source: RLCMLS #132122 Report a problem
2/21/2025	Listed for sale	$214,900$199/sqft
Source: RLCMLS #132122 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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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