For sale

Price cut: $26.5K (2/17)

$398,500

111 University Dr, Ruidoso, NM 88345

3beds

2,257sqft

Est.:

Single Family Residence

Built in 1995

0.4 Acres Lot

$-- Zestimate^®

$177/sqft

$-- HOA

What's special

Open-concept livingWell-sized bedroomsComfortable sleeping quarters

Welcome to this beautifully maintained single-level retreat nestled in the serene mountain village of Ruidoso, New Mexico. Generous open-concept living: the spacious living room flows seamlessly into the dining area and kitchen--ideal for casual living and entertaining. Comfortable sleeping quarters: three well-sized bedrooms and two full baths. Built in 1995 and in a solid Southwest home style, the home blends nicely with the mountain-town character of the area. With its size, lot and setting, this property represents a rare opportunity--especially for someone seeking primary residence, weekend getaway or mountain-town investment property!

197 days

612

39

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bonus Room

Primary bedroom

Level: Main

Heating

Forced Air, Fireplace(s), Natural Gas

Cooling

Ceiling Fan(s)

Appliances

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

Features

Breakfast Bar, Ceiling Fan(s), Storage
Flooring: Carpet, Tile
Number of fireplaces: 2
Fireplace features: Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 2,257 sqft

Property

Parking

Total spaces: 1
Parking features: Attached, Circular Driveway, Garage, RV Access/Parking
Attached garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Exterior features: Courtyard
Has view: Yes
View description: Mountain(s), Trees/Woods

Lot

Size: 0.4 Acres
Features: Interior Lot, Sloped Up, Wooded

Details

Parcel number: 4072062198118000000
Zoning: R1
Other equipment: None
Horse amenities: None

Construction

Type & style

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

Materials

Stucco
Roof: Metal,Pitched

Condition

See Remarks
Year built: 1995

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Not 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: $177/sqft
Tax assessed value: $379,500
Annual tax amount: $3,803
Date on market: 11/1/2025
Cumulative days on market: 198 days
Listing terms: Cash,Conventional,1031 Exchange,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
2/17/2026	Price change	$398,500-6.2%$177/sqft
Source: RLCMLS #133289 Report a problem
11/1/2025	Listed for sale	$425,000-3.4%$188/sqft
Source: RLCMLS #133289 Report a problem
10/1/2025	Listing removed	$439,900$195/sqft
Source: RLCMLS #130717 Report a problem
6/8/2025	Price change	$439,900-2.2%$195/sqft
Source: RLCMLS #130717 Report a problem
11/19/2024	Price change	$449,900-4.1%$199/sqft
Source: RLCMLS #130717 Report a problem
9/23/2024	Price change	$469,000-2.1%$208/sqft
Source: RLCMLS #130717 Report a problem
7/3/2024	Price change	$479,000-3.8%$212/sqft
Source: RLCMLS #130717 Report a problem
6/15/2024	Listed for sale	$498,000$221/sqft
Source: RLCMLS #130717 Report a problem
6/3/2024	Contingent	$498,000$221/sqft
Source: RLCMLS #130717 Report a problem
3/16/2024	Price change	$498,000+4.8%$221/sqft
Source: RLCMLS #130717 Report a problem
6/5/2023	Price change	$475,000-13.5%$210/sqft
Source: RLCMLS #128826 Report a problem
10/17/2022	Listed for sale	$549,000+96.1%$243/sqft
Source: RLCMLS #128826 Report a problem
6/7/2019	Listing removed	$279,900$124/sqft
Source: Coldwell Banker SDC #123217 Report a problem
5/17/2019	Pending sale	$279,900$124/sqft
Source: Coldwell Banker SDC #123217 Report a problem
4/29/2019	Listed for sale	$279,900$124/sqft
Source: Coldwell Banker SDC #123217 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,803 +53.2%	$126,500 +51%
2023	$2,482 +3.5%	$83,793 +3%
2022	$2,399 +3.6%	$81,353 +3%
2021	$2,316 +2.1%	$78,983 +3%
2020	$2,267 +21.7%	$76,682 +19.3%
2019	$1,863 +3.6%	$64,290 +3%
2018	$1,798 +3.9%	$62,418 +3%
2017	$1,730	$60,594 0%
2015	$1,730 -0.2%	$60,600
2014	$1,734	$60,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

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.

See how much you could borrow to make a competitive offer.

Get pre-qualified