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
$218,300 Zestimate®
$--/sqft
$1,534 Estimated rent
Home value
$218,300
Estimated sales range
Not available
$1,534/mo
Zestimate® history
Owner options
List your home for rent
$1,534/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,534/mo
Rent Zestimate®
Refinance and save
$700/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$700/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
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 & neighborhood
Location
- Region: Ruidoso
- Subdivision: Fairway Meadows Cond
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $700 quarterly
- Services included: Maintenance Grounds, Snow Removal
- Second HOA fee: $600 quarterly
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- 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 |
|---|---|---|
| 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
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
Nearby cities
Nearby zip codes
Other Ruidoso Topics
