$198,500
UNDER CONTRACT $27K PRICE DROP

120 Lower Terrace Dr Unit 4 Ruidoso, NM 88345

Estimated payment $1,163/month

Total Views 1,599
2 Beds
2 Baths
1,080 Sq Ft
$184 Price per Sq Ft

Highlights

  • On Golf Course
  • Deck
  • 1 Fireplace
  • Open Floorplan
  • Ranch Style House
  • No HOA

About This Home

Updated single-level unit at Fairway Meadows Condominiums - This 2 Bedroom 2 Bath retreat features quality furnishings, tasteful decor, and a private back deck overlooking Cree Meadows Golf Course. Enjoy a convenient in-town location with easy access to shops, dining, and recreation. Don't miss this turn-key opportunity for a fully furnished getaway.

Listing Agent

Eric Vaughn

Century 21 Aspen Real Estate License #REC-2023-0649 Listed on: 08/27/2025

Century 21 Aspen Real Estate

Co-Listing Agent

Nenada Maslovaric

Century 21 Aspen Real Estate License #54328

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,378

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • On Golf Course
  • Level Lot

Property Views

  • Golf Course
  • Trees

Home Design

  • Ranch Style House
  • Frame Construction
  • Pitched Roof
  • Metal Roof

Interior Spaces

  • 1,080 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Living Room
  • Tile Flooring
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Paved Parking
  • On-Site Parking
  • Parking Lot

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Property is near a golf course

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4071064512499

Community Details

Overview

  • No Home Owners Association
  • Fairway Meadows Cond Subdivision

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,378

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Unit Levels: One
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1979
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Asphalt, Paved
  • Co List Office Mls Id: o4
  • Co List Office Phone: 575-257-9057
  • Co List Office Phone: 575-257-9057
  • MLS Status: Pending, Taking Back-up Offers
  • Subdivision Name: Fairway Meadows Cond
  • Architectural Style: Ranch
  • ResoBuildingAreaSource: Assessor
  • New Construction: No
  • Levels:One: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Cooling:Central Air: Yes
  • View TreesWoods: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Roof:Metal3: Yes
  • Utilities:Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • View:Golf Course2: Yes
  • Flooring:Tile2: Yes
  • Rooms:Living Room: Yes
  • Security Features:Smoke Detector(s): Yes
  • Special Features: 4224

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Flooring: Tile
  • Interior Amenities: Appliances Only, Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Master Downstairs, Open Floorplan, Pantry, Recessed Lighting
  • Other Equipment: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:Recessed Lighting: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Breakfast Bar: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Interior Features:Master Downstairs: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Interior Lot, Level, Near Golf Course, On Golf Course, Views
  • Other Structures: None
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Property Condition: Updated/Remodeled, See Remarks
  • Roof: Metal, Pitched
  • View: Golf Course, Trees/Woods
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: None
  • Lot Features:Interior Lot: Yes
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Front Porch: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Lot Features:Level: Yes
  • Lot Features:Views: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Lot Features:Near Golf Course: Yes
  • Lot Features:On Golf Course: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, Parking Lot, Paved

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Fireplace(s), Forced Air
  • Security: Smoke Detector(s)
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: None
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes
  • Heating:Forced Air: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Amenities:None12: Yes

Lot Info

  • Zoning: R1
  • Lot Dimensions: See Plat

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1377.8
  • Tax Block: -
  • Tax Lot: -
  • Tax Map Number: 4071064512499
  • Tax Tract: -

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,378 $47,201 $786 $46,415
2024 $1,378 $45,826 $763 $45,063
2023 $1,378 $44,491 $741 $43,750
2022 $1,306 $43,195 $719 $42,476
2021 $1,262 $41,933 $698 $41,235
2020 $1,236 $40,712 $678 $40,034
2019 $1,157 $39,914 $665 $39,249
2018 $1,116 $38,752 $646 $38,106
2015 $704 $24,611 $627 $23,984
2014 $684 $23,894 $609 $23,285
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $198,500 -11.8% $184 / Sq Ft
07/15/2025 07/15/25 For Sale $225,000 +62.5% $208 / Sq Ft
06/29/2015 06/29/15 Sold -- -- --
06/16/2015 06/16/15 Pending -- -- --
06/17/2014 06/17/14 For Sale $138,500 -- $128 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

About the Listing Agent

Eric Vaughn
Eric Vaughn

Century 21 Aspen Real Estate

(575) 223-1205

Section Image

As the Owner, CEO, and Qualifying Broker of CENTURY 21 Aspen Real Estate, I bring deep market knowledge and a results-driven approach to every client relationship. I am a lifelong local to the Ruidoso and Alto area, I specialize in the buying, selling, and leasing needs of all residential, commercial and farm & ranch type properties throughout Southern New Mexico. I’m a consecutive CENTURY 21 Centurion Producer (TOP 1% of Brokers Nationally) and hold an MBA from New Mexico State University. I

View Eric's Profile

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Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 132929

APN: 4071064512499CS0000

New Mexico Lincoln County Ruidoso 88345

120 Lower Terrace Dr Unit 4, Ruidoso, NM

This home is located at 120 Lower Terrace Dr Unit 4, Ruidoso, NM 88345 and is currently priced at $198,500, approximately $183 per square foot. This property was built in 1979. 120 Lower Terrace Dr Unit 4 is a home located in Lincoln County with nearby schools including Sierra Vista Primary School, White Mountain Elementary School, and Ruidoso Middle School.

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Eric Vaughn
Eric Vaughn
Listing Agent Section Image
Century 21 Aspen Real Estate
(575) 223-1205