FULLY RENOVATED 2BR/2BA CONDO-Succesfull Short-Term Rental near golf & Midtown!Welcome to your mountain getaway in the heart of Ruidoso. This beautifully renovated 2-bedroom, 2-bath condo in the highly desirable Fairway Meadows community offers the perfect blend of modern comfort and mountain charm.Whether you are looking for a turnkey investment property or a private escape, this unit checks all the boxes. Currently operating as a successful short-term rental, it boasts proven rental history and comes fully furnished, making it a seamless transition for new owners or investors. Don't miss this opportunity to own a piece of Ruidoso's mountain magic!
Sold
Price Unknown
120 Lower Terrace Dr Unit 20, Ruidoso, NM 88345
2beds
1,080sqft
Condominium
Built in 1979
-- sqft lot
$215,100 Zestimate®
$--/sqft
$1,427 Estimated rent
Home value
$215,100
Estimated sales range
Not available
$1,427/mo
Zestimate® history
Owner options
List your home for rent
$1,427/mo
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$1,427/mo
Rent Zestimate®
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$700/mo
Est. payment
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$700/mo
Est. payment
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List your homeWhat's special
Modern comfort
Zillow last checked:
Listing updated:
Listed by:
Chelsey J Koch 575-214-7676,
Future Real Estate
Bought with:
Kaitlin Brophy, 52953
Better Homes & Gardens Real Estate - Steinborn & Associates
Source: RLCMLS,MLS#: 133153
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, Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Features
- Ceiling Fan(s), High Speed Internet, Open Floorplan
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Furnished: Yes
Interior area
- Total interior livable area: 1,080 sqft
Property
Parking
- Parking features: On Site, Parking Lot
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Covered, Front Porch, Balcony
- Exterior features: Balcony
- Has view: Yes
- View description: Mountain(s), Trees/Woods
- Waterfront features: None
Lot
- Features: Level, Wooded
Details
- Parcel number: 4071064499495CM0001
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Condominium
Materials
- Masonite
Condition
- Updated/Remodeled
- 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
- Subdivision: Fairway Meadows Cond
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Snow Removal
- HOA fee: $700 quarterly
- Second HOA fee: $600 quarterly
Location
- Region: Ruidoso
Financial & listing details
- Tax assessed value: $192,216
- Annual tax amount: $1,655
- Date on market: 9/19/2025
- Cumulative days on market: 88 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Sold | -- |
Source:  RLCMLS #133153 Report a problem | ||
| 12/28/2025 | Pending sale | $222,000$206/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 12/16/2025 | Contingent | $222,000$206/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 11/18/2025 | Price change | $222,000-1.6%$206/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 10/21/2025 | Price change | $225,500-0.7%$209/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 9/19/2025 | Listed for sale | $227,000+8.6%$210/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 4/26/2024 | Sold | -- |
Source: RLCMLS #17620001_130508 Report a problem | ||
| 4/2/2024 | Contingent | $209,000$194/sqft |
Source: RLCMLS #130508 Report a problem | ||
| 3/6/2024 | Price change | $209,000-2.8%$194/sqft |
Source: RLCMLS #130508 Report a problem | ||
| 1/20/2024 | Listed for sale | $215,000$199/sqft |
Source: RLCMLS #130508 Report a problem | ||
| 1/30/2023 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/28/2020 | Sold | -- |
Source: RLCMLS #125434 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,935 +16.9% | $64,072 +16.4% |
| 2024 | $1,655 +22.4% | $55,055 +20.6% |
| 2023 | $1,352 -2% | $45,645 |
| 2022 | $1,380 +0.5% | $45,645 |
| 2021 | $1,373 +29.8% | $45,645 +31% |
| 2020 | $1,058 +4.8% | $34,841 |
| 2019 | $1,009 +34.4% | $34,841 +33.6% |
| 2018 | $751 +3.9% | $26,086 +6.1% |
| 2015 | $723 +5.9% | $24,589 +3% |
| 2014 | $683 | $23,873 |
Find assessor info on the county website
Neighborhood: 88345
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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
- New Mexico
- Lincoln County
- Ruidoso
- 88345
- 120 Lower Terrace Dr Unit 20
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