For sale

$625,000

103 University Dr, Ruidoso, NM 88345

4beds

2,160sqft

Est.:

Single Family Residence

Built in 1998

0.73 Acres Lot

$-- Zestimate^®

$289/sqft

$-- HOA

What's special

Two separate furnished cabinsEnhanced driveway lightingFreshly stained deck

WOW! Dual Cabin Setup situated on approximately 0.72 acres; this unique property features two separate FURNISHED cabins offering flexibility for both personal use and short-term rental income. The main cabin includes 3 bedrooms, 2 bathrooms, and a 2-car garage, providing ample space for families and groups. The second cabin is a well-appointed efficiency unit with a full bath--perfect for additional rental income or guest accommodations. This property is turnkey and ready to generate income immediately. Recent exterior improvements: freshly stained deck and enhanced driveway lighting, creating a welcoming and functional outdoor space. Whether you're looking for a personal mountain retreat, an investment property, or both, this one stands out with its versatility and income potential!

2 days

123

2

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Den, Dining Room, Family Room

Heating

Forced Air, Fireplace(s), Natural Gas, Wood Stove

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Laundry: Washer Hookup, Electric Dryer Hookup

Features

Breakfast Bar, Ceiling Fan(s), Open Floorplan, Storage, Main Level Primary
Flooring: Carpet, Wood
Number of fireplaces: 2
Fireplace features: Other
Furnished: Yes

Interior area

Total interior livable area: 2,160 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Circular Driveway, Garage, On Site
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck, Front Porch, Other
Exterior features: Lighting, Rain Gutters
Fencing: Partial
Has view: Yes
View description: Trees/Woods
Waterfront features: None

Lot

Size: 0.73 Acres
Features: Interior Lot, Level, Other, Sloped Up

Details

Additional structures: Guest House
Parcel number: 4072062159106000000
Zoning: R1
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Mountain,Ranch
Property subtype: Single Family Residence

Materials

Frame, Wood Siding
Roof: Metal,Pitched

Condition

Updated/Remodeled
Year built: 1998

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: Airport West 2nd Addition

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $289/sqft
Tax assessed value: $358,650
Annual tax amount: $3,725
Date on market: 5/1/2026
Cumulative days on market: 4 days
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/1/2026	Listed for sale	$625,000$289/sqft
Source: RLCMLS #133998 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,502 -3.2%	$119,550 +3%
2023	$3,618 -0.4%	$116,068 +3%
2022	$3,631 +4.3%	$112,687 +7.3%
2021	$3,482 +3.9%	$105,025 +3%
2020	$3,351 +6.5%	$101,966 +2%
2019	$3,148 +9.3%	$99,967
2018	$2,879 +50%	$99,967 +48.8%
2017	$1,919	$67,192 +0.5%
2015	$1,919 +0.3%	$66,840
2014	$1,913 +6.3%	$66,840 -2.2%
2010	$1,799	$68,353