For sale

Price cut: $10K (8/12)

$204,900

120 Lower Terrace Dr Unit 8, Ruidoso, NM 88345

2beds

1,080sqft

$1,588/mo

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Condominium

Built in 1979

-- sqft lot

$195,400 Zestimate^®

$190/sqft

$233/mo HOA

What's special

Fully furnished unitSingle storyCentral air and heat

Charming single story, 2 bedroom, 2 bathroom end unit condominium offering easy, low maintenance living in a convenient in-town location. This fully furnished unit is move in ready, making it perfect for a full time residence, vacation getaway, or investment opportunity. Enjoy year round comfort with central air and heat, and relax by the cozy wood burning fireplace with gas starter on cooler evenings. Ideally situated just minutes from shopping, dining, and local amenities, this property combines comfort, convenience, and value.

180 days
60
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Fireplace(s), Natural Gas

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Washer/Dryer Stacked, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater
Laundry: Washer Hookup, Electric Dryer Hookup, Stacked

Features

Ceiling Fan(s)
Flooring: Carpet, Tile
Number of fireplaces: 1
Fireplace features: Gas Starter, Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 1,080 sqft

Property

Parking

Parking features: On Site, Paved

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch, Covered, Deck, Front Porch
Exterior features: Rain Gutters
Has view: Yes
View description: Golf Course

Lot

Features: On Golf Course, Views

Details

Zoning: R3
Other equipment: None
Horse amenities: None

Construction

Type & style

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

Materials

Masonite
Roof: Metal

Condition

Other
Year built: 1979

Utilities & green energy

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

Community & HOA

Community

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: $190/sqft
Annual tax amount: $1,511
Date on market: 3/30/2026
Cumulative days on market: 182 days
Listing terms: Cash,Conventional,1031 Exchange,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$195,400

$186,000 - $205,000

$1,446/mo

Price history

Date	Event	Price
8/12/2026	Price change	$204,900-4.7%$190/sqft
Source: RLCMLS #133843 Report a problem
5/8/2026	Price change	$214,900-2.3%$199/sqft
Source: RLCMLS #133843 Report a problem
4/14/2026	Price change	$219,900-2.3%$204/sqft
Source: RLCMLS #133843 Report a problem
3/30/2026	Listed for sale	$225,000$208/sqft
Source: RLCMLS #133843 Report a problem