For sale

Price cut: $40K (6/25)

$525,000

116 Racquet Drive, Ruidoso, NM 88345

4beds

2,750sqft

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Condominium

Built in 2005

-- sqft lot

$498,600 Zestimate^®

$191/sqft

$250/mo HOA

What's special

Gas log fireplaceWater softenerOne car garage

UPSCALED 4BD/4.5BA CONDO! End unit with level entry and one car garage. Home offers a living area with high vaulted ceilings, a gas log fireplace and primary/bath on the main level. On lower level is a family-game area with a wet bar and bedroom-sleeping area and bath. Upper level has two guest bedrooms each with their own bath. Also offers CFA heat/ac and water softener. Covered deck and patio to relax and entertain. Convenient location and near the Links Golf Course and 3-mile loop that provides outdoor exercise that dogs, kids and adults can enjoy. Move in ready and a Must See!

493 days

71

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Rooms

Room types: Bonus Room, Dining Room, Family Room, Game Room, Living Room

Heating

Central, Forced Air, Natural Gas

Cooling

Central Air

Appliances

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

Features

Breakfast Bar, Ceiling Fan(s), Pantry, Main Level Primary
Flooring: Carpet, Tile
Number of fireplaces: 1
Fireplace features: Gas Log
Furnished: Yes

Interior area

Total interior livable area: 2,750 sqft

Property

Parking

Parking features: Attached, Garage
Has attached garage: Yes

Accessibility

Accessibility features: None

Features

Levels: Three Or More
Stories: 3
Patio & porch: Covered, Deck
Exterior features: None
Fencing: None
Has view: Yes
View description: Valley, Trees/Woods
Waterfront features: None

Lot

Features: Corner Lot, Interior Lot

Details

Additional structures: None
Zoning: R4
Other equipment: None
Horse amenities: None

Construction

Type & style

Home type: Condo
Architectural style: Contemporary,Mountain
Property subtype: Condominium

Materials

Frame, Stucco
Roof: Composition,Pitched

Condition

See Remarks
Year built: 2005

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

Subdivision: Tres Rios Phase 2

HOA

Has HOA: Yes
Amenities included: None
Services included: None
HOA fee: $3,000 annually

Location

Region: Ruidoso

Financial & listing details

Price per square foot: $191/sqft
Annual tax amount: $5,284
Date on market: 3/13/2025
Cumulative days on market: 496 days
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$498,600

$474,000 - $524,000

$3,496/mo

Price history

Date	Event	Price
6/25/2026	Price change	$525,000-7.1%$191/sqft
Source: RLCMLS #132235 Report a problem
1/23/2026	Price change	$565,000-5.1%$205/sqft
Source: RLCMLS #132235 Report a problem
6/17/2025	Price change	$595,500-6.9%$217/sqft
Source: RLCMLS #132235 Report a problem
3/14/2025	Listed for sale	$639,500$233/sqft
Source: RLCMLS #132235 Report a problem
8/31/2017	Sold	--
Source: Agent Provided Report a problem
5/28/2015	Sold	--
Source: RLCMLS #116468 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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