For sale

Price cut: $10K (9/19)

$309,000

220 Lookout Dr #I-4, Ruidoso, NM 88345

2beds

1,200sqft

$2,477/mo

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Condominium

Built in 1977

-- sqft lot

$293,000 Zestimate^®

$258/sqft

$348/mo HOA

What's special

Community poolFully furnishedBreathtaking sierra blanca viewsThoughtfully updatedBeautiful tongue-and-groove ceilings

Thoughtfully updated and offered fully furnished, this turnkey 2-bedroom, 2.5-bath condo combines mountain charm with outstanding investment potential. Beautiful tongue-and-groove ceilings, spacious living areas, and breathtaking Sierra Blanca views create an inviting retreat. Enjoy low-maintenance condo living with a community pool, just minutes from Midtown Ruidoso, golf, hiking, casinos, and Ski Apache. This established short-term rental has produced approximately $57,000 in annual gross rental revenue with an exceptional 4.92-star Airbnb rating across 240+ reviews. A rare opportunity for a mountain getaway, full-time home, or proven income-producing property.

80 days
203
11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Baseboard, Electric

Cooling

Ceiling Fan(s), Electric, Other

Appliances

Included: Dryer, Dishwasher, Electric Range, Refrigerator, Washer

Features

Breakfast Bar, Ceiling Fan(s), Primary Downstairs, Open Floorplan, Recessed Lighting
Flooring: Vinyl, Wood
Number of fireplaces: 1
Fireplace features: Blower Fan, Insert, Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 1,200 sqft

Video & virtual tour

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Enclosed, Front Porch
Exterior features: Rain Gutters
Pool features: Association
Has view: Yes
View description: Valley, Trees/Woods

Lot

Features: Gentle Sloping, Views

Details

Zoning: R3
Special conditions: Standard
Other equipment: None
Horse amenities: None

Construction

Type & style

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

Materials

Masonite, Other
Roof: Metal,Pitched

Condition

Updated/Remodeled
Year built: 1977

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Lookout Estates Cond

HOA

Has HOA: Yes
Amenities included: Clubhouse, Pool
Services included: Association Management, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
HOA fee: $348 monthly

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $258/sqft
Annual tax amount: $3,062
Date on market: 7/16/2026
Cumulative days on market: 82 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Electric utility on property: Yes
Road surface type: Asphalt, Paved

Estimated market value

$293,000

$278,000 - $308,000

$1,590/mo

Price history

Date	Event	Price
9/19/2026	Price change	$309,000-3.1%$258/sqft
Source: RLCMLS #134422 Report a problem
7/17/2026	Listed for sale	$319,000+239.4%$266/sqft
Source: RLCMLS #134422 Report a problem
6/16/2021	Sold	--
Source: RLCMLS #126360 Report a problem
8/14/2018	Listing removed	$94,000$78/sqft
Source: Rio Ruidoso Company, LTD. #122115 Report a problem
7/31/2018	Listed for sale	$94,000$78/sqft
Source: Rio Ruidoso Company, LTD. #122115 Report a problem