For sale

Price cut: $5K (5/8)

$214,900

120 Lower Terrace Dr Unit 8, Ruidoso, NM 88345

2beds

1,080sqft

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Condominium

Built in 1979

-- sqft lot

$207,300 Zestimate^®

$199/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.

89 days

78

2

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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: $199/sqft
Annual tax amount: $1,511
Date on market: 3/30/2026
Cumulative days on market: 91 days
Listing terms: Cash,Conventional,1031 Exchange,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$207,300

$197,000 - $218,000

$1,530/mo

Price history

Date	Event	Price
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

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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