Nestled on Lower Terrace, one of Ruidoso's most coveted streets, this charming 2-bedroom, 1-bathroom, 1221+- sq ft mid-century home offers the perfect blend of vintage character and modern updates. Want to live next to Cree Meadows Golf Course but not have to pay dues? Then this is it! Situated on a single level/centrally located terraced grass lot, with old growth Blue Spruce Trees, and single carport, this home provides both privacy and tranquility. The recently renovated bathroom (2024) enhances the home's appeal, while the spacious layout ensures comfort and functionality with that old timey feel. Whether you're relaxing on the covered porch or exploring the serene neighborhood, this property is an exceptional retreat in the heart of Ruidoso. Don't miss this rare opportunity!
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Price Unknown
137 Lower Terrace Dr, Ruidoso, NM 88345
2beds
1,221sqft
Single Family Residence
Built in 1960
0.33 Acres Lot
$268,500 Zestimate®
$--/sqft
$1,378 Estimated rent
Home value
$268,500
Estimated sales range
Not available
$1,378/mo
Zestimate® history
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List your homeWhat's special
Mid-century homeSingle carportModern updatesCoveted streetVintage characterSpacious layoutCovered porch
Zillow last checked:
Listing updated:
Listed by:
Patrick Valliant 575-213-5669,
Better Homes & Gardens Real Estate - Steinborn & Associates
Bought with:
Patrick Valliant, REC-2023-0929
Better Homes & Gardens Real Estate - Steinborn & Associates
Source: RLCMLS,MLS#: 132306
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Fireplace(s), Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer
Features
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Furnished: Yes
Interior area
- Total interior livable area: 1,221 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Front Porch
- Exterior features: Rain Gutters
- Has view: Yes
- View description: Golf Course, Trees/Woods
Lot
- Size: 0.33 Acres
- Features: Near Golf Course, Level, Wooded
Details
- Parcel number: 4072064023396000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Mountain
- Property subtype: Single Family Residence
Materials
- Masonite
- Roof: Metal
Condition
- Fixer,Other,Updated/Remodeled
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Hamilton Terace
Location
- Region: Ruidoso
Financial & listing details
- Tax assessed value: $57,663
- Annual tax amount: $3,297
- Date on market: 4/1/2025
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2025 | Sold | -- |
Source:  RLCMLS #132306 Report a problem | ||
| 4/1/2025 | Listed for sale | $329,000$269/sqft |
Source: RLCMLS #132306 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $580 +3.4% | $19,221 +3% |
| 2024 | $561 +4.6% | $18,661 +3% |
| 2023 | $537 +0.9% | $18,118 +3% |
| 2022 | $532 +3.5% | $17,590 +3% |
| 2021 | $514 +2.1% | $17,078 +3% |
| 2020 | $503 +6.9% | $16,581 +2% |
| 2019 | $471 +3.6% | $16,255 +3% |
| 2018 | $454 +3.9% | $15,781 +3% |
| 2017 | $437 | $15,321 +3% |
| 2015 | $437 +5.9% | $14,876 +3% |
| 2014 | $413 | $14,442 |
Find assessor info on the county website
Neighborhood: 88345
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Nearby schools
GreatSchools rating
- 6/10White Mountain Elementary SchoolGrades: 3-5Distance: 1.7 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 1.7 mi
- New Mexico
- Lincoln County
- Ruidoso
- 88345
- 137 Lower Terrace Dr
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