For sale

Price cut: $15K (5/15)

$225,000

102 Lower Terrace Dr, Ruidoso, NM 88345

2beds

698sqft

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Single Family Residence

Built in 1950

0.33 Acres Lot

$-- Zestimate^®

$322/sqft

$-- HOA

What's special

Convenient circle driveBrand-new roofCovered patioSpacious rear deck

Charming rustic 2-bedroom, 1-bath cabin ideally located just minutes from midtown Ruidoso, offering easy access to shopping, dining, and local attractions. Enjoy peaceful mountain living while watching wildlife from the spacious rear deck or covered patio.This C-1 zoned property offers endless possibilities--perfect as a personal getaway, rental investment, or potential commercial use. Additional storage is available in the rear, and a brand-new roof (2026) adds value and peace of mind.The convenient circle drive provides ample parking for multiple vehicles. Don't miss this unique opportunity to own a versatile cabin in a prime location!

73 days

579

20

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Wall Furnace

Cooling

Ceiling Fan(s), None

Appliances

Included: Dryer, Gas Oven, Microwave, Refrigerator, Range Hood, Washer

Features

See Remarks
Flooring: Laminate, Tile, Wood
Number of fireplaces: 1
Fireplace features: Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 698 sqft

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Property

Parking

Parking features: Driveway, Gravel
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Deck, Patio
Exterior features: Storage
Fencing: None
Has view: Yes
View description: Trees/Woods
Waterfront features: None

Lot

Size: 0.33 Acres
Features: Wooded

Details

Additional structures: Shed(s)
Parcel number: 4071064444503000000
Zoning: C1
Special conditions: Standard
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Cabin
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Shingle

Condition

Other
Year built: 1950

Utilities & green energy

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

Community & HOA

Community

Security: Other
Subdivision: Hamilton Terace

HOA

Amenities included: None
Services included: None

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $322/sqft
Tax assessed value: $73,623
Annual tax amount: $741
Date on market: 3/27/2026
Cumulative days on market: 75 days
Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/23/2026	Listed for sale	$225,000$322/sqft
Source: RLCMLS #133836 Report a problem
5/23/2026	Pending sale	$225,000$322/sqft
Source: REALSTACK #133836 Report a problem
5/23/2026	Contingent	$225,000$322/sqft
Source: RLCMLS #133836 Report a problem
5/15/2026	Price change	$225,000-6.3%$322/sqft
Source: RLCMLS #133836 Report a problem
4/15/2026	Price change	$240,000-5.5%$344/sqft
Source: RLCMLS #133836 Report a problem
3/28/2026	Listed for sale	$254,000$364/sqft
Source: RLCMLS #133836 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$738 +1.5%	$24,541
2023	$727 -2%	$24,541
2022	$742 +0.5%	$24,541
2021	$738 -0.9%	$24,541
2020	$745 +4.8%	$24,541
2019	$711 +0.6%	$24,541
2018	$707 +0.9%	$24,541 +0%
2017	$701	$24,538 +13.4%
2015	$701 +16.5%	$21,641 +3%
2014	$601	$21,011

Find assessor info on the county website

Monthly payment

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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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