Active
2 beds1,080 sqft
120 Lower Terrace Drive, Unit 8, Ruidoso, NM 88345
Est: $1,418/moGet pre-approved
CondoProperty Type
1979Year Built
$190/sq ftPrice per sq ft
$700 / quarterHOA Fees

Description

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...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.
141 days on Market
  • Listed by: Curtis Hunt 806.946.7589 curtis@zia-realestate.com • Zia Real Estate
Last updated: 08/11/2026 06:57 PM • Source: Ruidoso/Lincoln County AOR, MLS#: 133843

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Location

Listing Courtesy of Zia Real Estate
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Payment Calculator

$1,418 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,059

Property Taxes

$126

HOA Dues

$233

The Payment Calculator is for illustrative purposes only.

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Property Information for 120 Lower Terrace Drive, Unit 8

Property Details
  • Taxes: $1,512 / year
  • MLS Type: Residential / Condominium
  • Architectural Style: Mountain
  • Furnished: Furnished
  • Subdivision Name: Fairway Meadows Cond
  • Has View: Yes
  • View: Golf Course
  • Zoning: R3
Building Information
  • Building/Complex: 120 Lower Terrace Dr
  • Stories: 1
  • Year Built: 1979
Summary
Location and General Information
  • Directions: From Mechem Dr., take Terrace to Lower Terrace. Condos will be on the right.
  • Latitude: 33.335461
  • Longitude: -105.675616
  • MLS Area Major: Ruidoso
  • Unit Number: #8
Taxes and HOA
  • Secondary Association Fee: $700.00
  • Secondary Association Fee Frequency: Quarterly
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
  • Tax Annual Amount: $1,511.88
  • Tax Block: -
  • Tax Lot: -
  • Tax Tract: -
  • Tax Year: 2025
Parking
  • Parking Features: On Site, Paved
Property
Lot Information
  • Lot Features: On Golf Course, Views
  • Lot Size Units: Acres
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Property and Assessments
  • Living Area: 1080.0
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 1979
Building Features
  • Construction Materials: Masonite
  • Levels: One
  • Roof: Metal
  • Stories: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Rain Gutters
  • Patio And Porch Features: Rear Porch, Covered, Deck, Front Porch, Porch
Interior Features
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Has Cooling: Yes
  • Heating: Central, Fireplace(s), Natural Gas
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Fireplace Features: Gas Starter, Wood Burning
  • Flooring: Carpet, Tile
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Property History for 120 Lower Terrace Drive, Unit 8

DateEvent & SourcePriceAppreciation
Aug 11, 2026

Price Change

Ruidoso/Lincoln County AOR #133843

$204,900
Mar 30, 2026

Listed (Active)

Ruidoso/Lincoln County AOR #133843

$225,000
DateEvent & SourcePrice
08/11/2026

Price Change

Ruidoso/Lincoln County AOR #133843

$204,900
03/30/2026

Listed (Active)

Ruidoso/Lincoln County AOR #133843

$225,000

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 8

Taxable ValueLand$720Additions$49,352Total$50,072
Tax Record2025$1,512 ($126 / month)
Home Facts
Beds0Total Finished SqFt1,080 SqFtAbove Grade Finished SqFt1,080 SqFtStories1Lot Size1,079 SqFtStyleCondominiumYear Built1979Year Renovated1979CountyLINCOLNAPN4-071-064-512-487-CS0000

Schools near 120 Lower Terrace Drive, Unit 8

This home is within Ruidoso Municipal Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
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

120 Lower Terrace Drive, Unit 8 is a condo for sale in Ruidoso, NM 88345. This property was listed for sale on March 30, 2026 by Zia Real Estate, it's currently listed at $204,900. 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 8 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.