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For sale
    • Price cut: $15K (7/23)
    $280,000

    203 Lower Terrace Dr #2, Ruidoso, NM 88345

    3beds
    1,600sqft
    : 
    $1,743/mo
    Get pre-qualified
    Townhouse
    Built in 1980
    -- sqft lot
    $-- Zestimate®
    $175/sqft
    $25/mo HOA

    What's special

    Utility roomSpacious kitchenFantastic main-floor layoutCharming wood accents throughoutUpdated appliancesDining area
    This beautifully updated townhome offers a fantastic main-floor layout featuring a spacious kitchen, dining area, and living room with a cozy rock gas fireplace. The main floor also includes a convenient 1/2 bath, utility room, and access to a gorgeous deck overlooking the serene Cree Meadows Golf Course. The popcorn ceilings have been removed, and the the entire interior has been freshly painted, with charming wood accents throughout. The kitchen boasts updated appliances, and the low HOA fee of just $300 annually adds to the appeal. Upstairs, you'll find 3 comfortable bedrooms and 2 baths, including a primary suite with a private balcony that offers stunning views of the golf course. The front covered porch adds curb appeal, while the home comes fully furnished with mountain decor,
    172 days
    |
    179
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Leslie Sisk 575-937-8782,

    Mountain Home Properties NM 575-315-1885

    Source: RLCMLS,MLS#: 132226MLS LogoOriginating MLS: Ruidoso Lincoln County Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Utility Room
      Heating
      • Baseboard, Forced Air, Natural Gas
      Cooling
      • Ceiling Fan(s), Multi Units
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
      Features
      • Breakfast Bar, Ceiling Fan(s), Open Floorplan, Storage, Smart Thermostat, Utility Room
      • Flooring: Carpet, Tile, Wood
      • Number of fireplaces: 1
      • Fireplace features: Gas Log
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,600 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: On Site, Parking Lot
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Front Porch, Balcony
      • Exterior features: Balcony, Lighting, Rain Gutters, Storage
      • Fencing: None
      • Has view: Yes
      • View description: Golf Course, Mountain(s), Trees/Woods
      Lot
      • Features: Level, On Golf Course, Views, Wooded
      Details
      • Additional structures: None
      • Zoning: R3
      • Other equipment: None
      • Horse amenities: None

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Mountain
      • Property subtype: Townhouse
      Materials
      • Wood Siding
      • Roof: Metal,Pitched
      Condition
      • Updated/Remodeled
      • Year built: 1980

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Country Club Twnh
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds
      • HOA fee: $300 annually
      Location
      • Region: Ruidoso

      Financial & listing details

      • Price per square foot: $175/sqft
      • Annual tax amount: $3,896
      • Date on market: 3/13/2025
      • Cumulative days on market: 517 days
      • Listing terms: Cash,Conventional,1031 Exchange
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Price change$280,000-5.1%$175/sqft
        Source: RLCMLS #132226 Report a problem
        3/17/2026Price change$295,000-14.5%$184/sqft
        Source: RLCMLS #132226 Report a problem
        2/19/2026Listed for sale$345,000-8%$216/sqft
        Source: RLCMLS #132226 Report a problem
        10/6/2025Listing removed$375,000$234/sqft
        Source: RLCMLS #132226 Report a problem
        8/11/2025Price change$375,000-6%$234/sqft
        Source: RLCMLS #132226 Report a problem
        3/13/2025Listed for sale$399,000+25.1%$249/sqft
        Source: RLCMLS #132226 Report a problem
        9/20/2022Sold--
        Source: RLCMLS #128497 Report a problem
        8/1/2022Listed for sale$319,000$199/sqft
        Source: RLCMLS #128497 Report a problem
        9/13/2019Sold--
        Source: RLCMLS #123806 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 88345

        Getting around

        38 / 100
        Car-Dependent
        14 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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