$107,500 located at 120 Lower Terrace #20: A beautiful and well decorated, fully furnished, lower level condo at Fairway Meadows, close to Mid-Town Ruidoso shopping district. Level entry from living room side and 5 steps up to main entry in kitchen. This 2 bedroom 2 bath end condo has an open kitchen and living room. The master has an on-suite full bath. Well lit and bright with natural light, this condo is your perfect home away from home or your new residence in Ruidoso! A 30-40 minute 17.5 mile drive to Ski Apache parking, 13 minute 5.1 mile drive to Ruidoso Downs Race Track and Casino, 12 minute 5.6 mile drive to Inn of the Mountain Gods Resort and Casino.
Sold
Price Unknown
120 Lower Terrace Dr Unit 20, Ruidoso, NM 88345
2beds
1,080sqft
Townhouse
Built in 1979
1,079 Square Feet Lot
$215,500 Zestimate®
$--/sqft
$1,411 Estimated rent
Home value
$215,500
$205,000 - $226,000
$1,411/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$1,411/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$1,411/mo
Rent Zestimate®
Refinance and save
$32/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$32/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air, Electric
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator, Washer
Features
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total interior livable area: 1,080 sqft
Property
Features
- Levels: One
- Exterior features: Stucco, Wood
Lot
- Size: 1,079 sqft
Details
- Parcel number: 4071064499495CM0001
- Zoning: R3 Multi-Family
Construction
Type & style
- Home type: Townhouse
Materials
- Roof: Metal
Condition
- Year built: 1979
Community & neighborhood
Location
- Region: Ruidoso
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $32 monthly
Other
Other facts
- How Built/Condition: On Site
- Roof/Flooring: Pitched Roof
- Wtr Heat/Own/Lse: Electric
- Utl Conn/Utl Avl: Sewer Connected, Community Water Connected, Electric Connected, Natural Gas Connected, Community Water Available
- Car Strg/Prkg: Paved, Lot
- Kitchen/Appliances: Pantry
- Lot Size Range: Other-See Remarks
- Access/Entry: Paved Road, Public Road
- Amenities/Fees Incl: Ext Insurance, Grounds Maintenance, Snow Removal, Water/Sewer, Trash Removal
- Lot Location/Lot Type: Mostly Level
- View: Golf Course
- Property Status: Active
- Zoning: R3 Multi-Family
- Levels: One
Price history
| Date | Event | Price |
|---|---|---|
| 12/28/2025 | Pending sale | $222,000$206/sqft |
Source:  RLCMLS #133153 Report a problem | ||
| 12/16/2025 | Contingent | $222,000$206/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 11/18/2025 | Price change | $222,000-1.6%$206/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 10/21/2025 | Price change | $225,500-0.7%$209/sqft |
Source: RLCMLS #133153 Report a problem | ||
| 9/19/2025 | Listed for sale | $227,000+8.6%$210/sqft |
Source: RLCMLS #133153 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,655 +22.4% | $55,055 +20.6% |
| 2023 | $1,352 -2% | $45,645 |
| 2022 | $1,380 +0.5% | $45,645 |
Find assessor info on the county website
Neighborhood: 88345
Nearby schools
GreatSchools rating
- 5/10Sierra Vista Primary SchoolGrades: PK-2Distance: 2.2 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 1.8 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 1.9 mi
- New Mexico
- Lincoln County
- Ruidoso
- 88345
- 120 Lower Terrace Dr Unit 20