120 Lower Terrace Drive, Unit 15

120 Lower Terrace New-10
120 Lower Terrace New-4
120 Lower Terrace New-2
120 Lower Terrace New-1
120 Lower Terrace New-3
120 Lower Terrace New-5
120 Lower Terrace New-6
120 Lower Terrace New-7
120 Lower Terrace New-8
120 Lower Terrace New-9
120 Lower Terrace New-11
120 Lower Terrace New-12
120 Lower Terrace New-13
120 Lower Terrace New-14
120 Lower Terrace New-15
120 Lower Terrace New-16
120 Lower Terrace New-17
120 Lower Terrace New-18
120 Lower Terrace New-19
120 Lower Terrace New-20
120 Lower Terrace New-21
120 Lower Terrace New-22
120 Lower Terrace New-23
120 Lower Terrace New-24
120 Lower Terrace New-25
120 Lower Terrace New-26
120 Lower Terrace New-27
120 Lower Terrace New-28
120 Lower Terrace New-29
120 Lower Terrace New-30
120 Lower Terrace New-31
120 Lower Terrace New-32
120 Lower Terrace New-33
120 Lower Terrace New-34
120 Lower Terrace New-35
120 Lower Terrace New-36
120 Lower Terrace New-37
120 Lower Terrace New-38
120 Lower Terrace New-39
120 Lower Terrace New-40
120 Lower Terrace New-41
120 Lower Terrace New-42
Active
$180,000
2 beds1,080 sqft
120 Lower Terrace Drive, Unit 15, Ruidoso, NM 88345
Est: $1,360/moGet pre-approved
CondoProperty Type
1979Year Built
$167/sq ftPrice per sq ft
$700 / quarterHOA Fees

Description

Move-in ready and beautifully updated, this 2-bedroom, 2-bath condominium offers comfort, style, and convenience. The primary suite features double closets, while both bathrooms have been completely remodeled with modern finishes. Updates include new flooring, fresh paint, new washer and dryer, new HVAC system and a premium LG stainless steel appliance package. Enjoy the cozy fireplace and the calming color palette throughout. Nestled near Midtown with easy access to shops, dining, and entertainment....Move-in ready and beautifully updated, this 2-bedroom, 2-bath condominium offers comfort, style, and convenience. The primary suite features double closets, while both bathrooms have been completely remodeled with modern finishes. Updates include new flooring, fresh paint, new washer and dryer, new HVAC system and a premium LG stainless steel appliance package. Enjoy the cozy fireplace and the calming color palette throughout. Nestled near Midtown with easy access to shops, dining, and entertainment. This home also offers the unique charm of wildlife sightings right outside your door. HOA quarterly dues $700 includes exterior maintenance, landscaping, water, sewer, trash and snow removal. There is a one-time transfer fee of $1000 + grt.
632 days on Market
  • Listed by: Keli L. Cox 575.937.4616 keli@zia-realestate.com • Zia Real Estate
Last updated: 09/01/2026 12:07 PM • Source: Ruidoso/Lincoln County AOR, MLS#: 131841

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of Zia Real Estate
Add your commute

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,360 per month

30 year fixed, 6.71% Interest

Principal and Interest

$930

Property Taxes

$196

HOA Dues

$233

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 120 Lower Terrace Drive, Unit 15

Property Details
  • Taxes: $2,355 / year
  • MLS Type: Residential / Condominium
  • County: Lincoln County
  • Architectural Style: Contemporary, Mountain
  • Furnished: Partially
  • Subdivision Name: Fairway Meadows Cond
  • Has View: Yes
  • View: Golf Course
  • Has Waterfront: No
  • Zoning: R3
Building Information
  • Building/Complex: 120 Lower Terrace Dr
  • Stories: 1
  • Year Built: 1979
Summary
Location and General Information
  • Directions: From Mechem turn at Lowe's/Western Auto on to Terrace Dr. Take Lower Terrace. Condos on your right. This unit is upstairs.
  • Latitude: 33.335461
  • Longitude: -105.675616
  • MLS Area Major: Ruidoso
  • Unit Number: 15
Taxes and HOA
  • Secondary Association Fee: $700.00
  • Secondary Association Fee Frequency: Quarterly
  • Tax Annual Amount: $2,355.00
  • Tax Block: -
  • Tax Lot: -
  • Tax Tract: -
  • Tax Year: 2025
Parking
  • Garage: No
  • Parking Features: No Garage, On Site
Property
Lot Information
  • Lot Features: Cleared, Near Golf Course, Level
  • Lot Size Units: Acres
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
Property and Assessments
  • Living Area: 1080.0
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 1979
Building Features
  • Construction Materials: Frame, Vinyl Siding
  • Levels: One
  • Roof: Metal
  • Stories: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Covered, Deck
Interior Features
  • Appliances: Washer/Dryer Stacked, Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Cooling: Central Air, Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Central, Electric, Fireplace(s)
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Fireplace Features: Insert, Wood Burning
  • Flooring: Carpet, Vinyl
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Property History for 120 Lower Terrace Drive, Unit 15

DateEvent & SourcePriceAppreciation
Jun 8, 2026

Price Change

Ruidoso/Lincoln County AOR #131841

$180,000—
Nov 26, 2024

Listed (Active)

Ruidoso/Lincoln County AOR #131841

$235,000—
Feb 23, 2023

Permanently Off Market

Ruidoso/Lincoln County AOR #129078

$192,500—
DateEvent & SourcePrice
06/08/2026

Price Change

Ruidoso/Lincoln County AOR #131841

$180,000
11/26/2024

Listed (Active)

Ruidoso/Lincoln County AOR #131841

$235,000
02/23/2023

Permanently Off Market

Ruidoso/Lincoln County AOR #129078

$192,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Lower Terrace Drive, Unit 15

Taxable ValueLand$742Additions$39,361Total$40,103
Tax Record2025$1,211 ($101 / month)
Home Facts
Beds0Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size1,079 SqFtStyleCondominiumYear Built1979Year Renovated1979CountyLINCOLNAPN4-071-064-498-485-CM0002

Schools near 120 Lower Terrace Drive, Unit 15

This home is within Ruidoso Municipal Schools.
Rating
School
Type
Grades
Distance
Sierra Vista Primary School
Public - PK to 2
White Mountain Elementary School
Public - 3 to 5
Ruidoso Middle School
Public - 6 to 8
Ruidoso High School
Public - 9 to 12
Rating
School
Distance
Sierra Vista Primary School
PublicPK to 2

White Mountain Elementary School
Public3 to 5

Ruidoso Middle School
Public6 to 8

Ruidoso High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 88345

$525,000 | 102 Juniper Road, Ruidoso, NM 88345
1/41
New

$525,000

4
Bedrooms
2,356
Square Feet
0.03
Acres

102 Juniper Road, Ruidoso, NM 88345

$350,000 | 238 Yellow Pine Road, Ruidoso, NM 88345
1/47
New

$350,000

3
Bedrooms
2,001
Square Feet
0.27
Acres

238 Yellow Pine Road, Ruidoso, NM 88345

$589,500 | 310 Granite Drive, Ruidoso, NM 88345
1/31

$589,500

3
Bedrooms
2,452
Square Feet
0.34
Acres

310 Granite Drive, Ruidoso, NM 88345

$305,000 | 109 Hart Avenue, Ruidoso, NM 88345
1/43
Virtual Tour

$305,000

3
Bedrooms
1,109
Square Feet
0.18
Acres

109 Hart Avenue, Ruidoso, NM 88345

$197,000 | 406 Sunny Slope Drive, Unit 5, Ruidoso, NM 88345
1/23

$197,000

2
Bedrooms
906
Square Feet
Unavailable
Acres

406 Sunny Slope Drive, Unit 5, Ruidoso, NM 88345

$125,000 | 904 Carrizo Canyon Road, Unit 228, Ruidoso, NM 88345
1/13

$125,000

1
Bedrooms
480
Square Feet

904 Carrizo Canyon Road, Unit 228, Ruidoso, NM 88345

$417,500 | 307 College Drive, Ruidoso, NM 88345
1/49
New

$417,500

3
Bedrooms
2,265
Square Feet
0.36
Acres

307 College Drive, Ruidoso, NM 88345

$324,900 | 107 Nabors Lane, Ruidoso, NM 88345
1/23

$324,900

3
Bedrooms
1,275
Square Feet
0.23
Acres

107 Nabors Lane, Ruidoso, NM 88345

$249,000 | 207 Del Norte Drive, Ruidoso, NM 88345
1/67

$249,000

3
Bedrooms
1,723
Square Feet
0.26
Acres

207 Del Norte Drive, Ruidoso, NM 88345

Explore Nearby Homes

More information about 120 Lower Terrace Drive, Unit 15, Ruidoso, NM 88345

120 Lower Terrace Drive, Unit 15 is a condo for sale in Ruidoso, NM 88345. This property was listed for sale on November 26, 2024 by Zia Real Estate, it's currently listed at $180,000. It has been on the market for a total of 632 days and was last sold on October 5, 2020. This listing's school district is Ruidoso Municipal Schools. Nearby schools include Sierra Vista Primary School, White Mountain Elementary School and Ruidoso Middle School. 120 Lower Terrace Drive, Unit 15 is a 2-bed, 2-bath, 1,080 sqft condo built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Zia Real Estate

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ruidoso/Lincoln County Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ruidoso/Lincoln County Association of REALTORS®. All rights reserved.