For sale by owner

$5,000,000

110 Starlite Rd, Ruidoso, NM 88345

57beds

30,000sqft

Est.:

MultiFamily

Built in 1960

-- sqft lot

$-- Zestimate^®

$167/sqft

$-- HOA

What's special

Excess flat buildable land

40 residential apartment units on 5.5 acres of Sierra Blanca mountain-view land. C-1 Commercial zoning. Additional 2300 square-foot lobby and 2000 square-foot indoor storage room containing former inground pool. Excess flat buildable land suitable for adding 20 additional units. Price also includes adjacent 3.5 acre panoramic view R-1 parcel at 120 Starlite Road, existing website (Apartments-Ruidoso.com) and domain name, extra billboards including prime location at corner of Sudderth and Paradise Canyon Road. May consider joint venture, or 100% sale of property or LLC (grandfathered property taxes); will assist with 1031 Exchange. Possible partial financing of 1st or 2nd TD.

What the owner loves about this home

Prominent location with incredible panoramic views, currently operational and cash flowing with significant additional upside opportunities including expansion, conversion to townhouses, remodeling/converting to senior living, nightly/short-term rentals, etc. Sufficient additional buildable land could add extra 20 units. Adjacent 3.5 acre parcel can be used for an estate property or sold separately. Prime high-visibility billboard location at Sudderth and Paradise Canyon Road has electric and could be converted into multi-sided/directional digital billboard. Website and domain name are established and draw significant traffic, can be utilized for expanding throughout other parts of of Ruidoso.

28 days

599

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 57
Bathrooms: 42
Full bathrooms: 40
1/2 bathrooms: 2

Interior area

Total interior livable area: 30,000 sqft

Video & virtual tour

View virtual tour

Property

Lot

Size: 9 Acres

Details

Parcel number: 4072064346334000000

Construction

Type & style

Home type: MultiFamily

Condition

New construction: No
Year built: 1960

Community & HOA

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $167/sqft
Tax assessed value: $776,760
Annual tax amount: $7,585
Date on market: 4/16/2026

Estimated market value

Not available

Estimated sales range

Not available

$1,097/mo

Price history

Date	Event	Price
4/16/2026	Listed for sale	$5,000,000$167/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,585 +1.9%	$258,920 +3%
2023	$7,446 +0.9%	$251,378 +3%
2022	$7,377 +3.5%	$244,057 +3%
2021	$7,129 +2.1%	$236,949 +3%
2020	$6,984 +4.9%	$230,047 +0.1%
2019	$6,658 +3.6%	$229,794 +3%
2018	$6,425 +3.9%	$223,101 +3%
2017	$6,185	$216,582 +3%
2015	$6,185 +5.9%	$210,294 +3%
2014	$5,842	$204,169

Find assessor info on the county website

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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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