$685,000

151 Lower Terrace Dr Ruidoso, NM 88345

Ruidoso Area

Estimated payment $4,333/month

Total Views 65,397
4 Beds
3 Baths
3,448 Sq Ft
$199 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Deck
  • Mountain Architecture
  • Views of Trees
  • Wood Flooring
  • 2 Fireplaces

About This Home

Completely Renovated Mountain Home in the Heart of Town with beautiful finishes and thoughtful design throughout. This spacious 4bed/3bath home offers an inviting floor plan, cozy library/office, beautiful fireplace plus a pellet stove, kitchen with solid surface countertops and stainless steel appliances. Property is situated on a spacious level lot and includes a 2-car garage and partially fenced yard.

Listing Agent

Eric Vaughn

Century 21 Aspen Real Estate License #REC-2023-0649 Listed on: 01/06/2026

Century 21 Aspen Real Estate

Co-Listing Agent

Nenada Maslovaric

Century 21 Aspen Real Estate License #54328

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,894

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 24,829 Sq Ft Lot
  • Partially Fenced Property
  • Interior Lot
  • Level Lot

Parking

  • 2 Car Garage

Property Views

  • Trees
  • Pasture
  • Mountain

Home Design

  • Mountain Architecture
  • Pitched Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,448 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Living Room
  • Library
  • Workshop
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Storage
  • Rain Gutters

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Hamilton Terace Subdivision

Listing and Financial Details

  • Legal Lot and Block 26A / 3
  • Assessor Parcel Number 4072064034351

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,894

Year Built

Built in 1965 | Remodeled

Lot Details

0.57 Acres

Parking

2

Listing Details

  • Unit Levels: Two
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1965
  • Current Use: None
  • Lot Size Acres: 0.57
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Paved, Asphalt
  • Co List Office Mls Id: o4
  • Co List Office Phone: 575-257-9057
  • Co List Office Phone: 575-257-9057
  • MLS Status: Active
  • Subdivision Name: Hamilton Terace
  • Architectural Style: Mountain
  • ResoBuildingAreaSource: Assessor
  • New Construction: No
  • Fee Includes: None
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Refrigerator, Dishwasher, Disposal, Gas Range, Gas Oven, Stainless Steel Appliance(s), Water Heater
  • Flooring: Wood, Vinyl
  • Other Equipment: None
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Features: Appliances Only, Breakfast Bar, Recessed Lighting, Washer Hookup

Exterior Features

  • Fencing: Partial
  • Lot Features: Interior Lot, Level, Views
  • Other Structures: Storage
  • Patio And Porch Features: Covered, Deck
  • Roof: Metal, Pitched
  • View: Mountain(s), Trees/Woods, Valley, Pasture
  • Waterfront Features: None
  • Horse: Yes
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Rain Gutters, Other
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes

Utilities

  • Cooling: Ceiling Fan(s)
  • Security: Smoke Detector(s)
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Phone Available, Electricity Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R1
  • Lot Dimensions: See Plat
  • Lot Size Sq Ft: 24829.2
  • ResoLotSizeUnits: Acres
  • Parcel Number: 4072064034351

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 6894.0
  • Tax Block: 3
  • Tax Lot: 26A
  • Tax Tract: -

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/06/2026 01/06/26 For Sale $685,000 -- $199 / Sq Ft
Source: Ruidoso/Lincoln County Association of REALTORS®

About the Listing Agent

Eric Vaughn
Eric Vaughn

Century 21 Aspen Real Estate

(575) 343-9940

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

Eric's Other Listings

  • 409 Barcus Rd, Ruidoso, NM 88345

    $399,000 $50K PRICE DROP

    • 3 Beds
    • 2 Baths
    • 1,778 Sq Ft
    • 409 Barcus Rd
    • Ruidoso, NM

    Inviting Single Level Home in Cree Meadows - This 3 bedroom 2 bathroom home features vaulted ceilings, open floor plan living, expansive windows, and a beautiful wood burning fireplace. Additional highlights include central heat & air, a single-car garage, a metal roof, and a spacious back deck to take in the beautiful views of the pond & surrounding mountains. This property is centrally located

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 108 Sarah Ln Unit 134430, Ruidoso, NM 88345

    $459,000 $20K PRICE DROP

    • 3 Beds
    • 2 Baths
    • 1,880 Sq Ft
    • 108 Sarah Ln
    • Unit 134430
    • Ruidoso, NM

    Beautifully renovated and mostly furnished single-level home with scenic southeastern mountain views and convenient in-town access. This 3-bedroom, 2-bath home features a bright, open floor plan with natural light, pecan wood flooring, and a wood stove with shiplap and stacked stone accents. Updates include Andersen windows, a kitchen with granite countertops, painted shaker cabinetry, stainless

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 109 Hobart Dr, Ruidoso, NM 88345

    $399,000 $50K PRICE DROP

    • 3 Beds
    • 3 Baths
    • 1,404 Sq Ft
    • 109 Hobart Dr
    • Ruidoso, NM

    Wonderful Mountain Cabin with strong short-term rental potential. This 3-bedroom, 3-bath property features vaulted ceilings, beautiful pine accents and floors, a wood stove, and a loft that enhances the classic cabin feel. Additional highlights include a large outdoor living area with composite decking, hot tub, and covered front porch. Beautifully set among the tall pines in a quiet

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 208 High Loop Dr, Ruidoso, NM 88345

    $549,000 $49K PRICE DROP

    • 3 Beds
    • 3 Baths
    • 2,346 Sq Ft
    • 208 High Loop Dr
    • Ruidoso, NM

    Updated Mountain Home with Beautiful Sierra Blanca Views. Property features comfortable main-level living with great windows, granite kitchen, cozy wood-burning fireplace, and mini-split systems throughout for year-round comfort. Additional highlights include a low-maintenance stucco exterior, both covered and uncovered decks and a fenced dog run. Bottom floor offers excellent flexibility and

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 101A Innsbrook Dr Unit 307, Ruidoso, NM 88345

    $114,000

    • 1 Bed
    • 1 Bath
    • 544 Sq Ft
    • 101A Innsbrook Dr
    • Unit 307
    • Ruidoso, NM

    Updated & Fully Furnished 1/1 Condo Located at Innsbrook Village Lodge - This turn-key property features a simple, functional floor plan, spacious bedroom, wood burning fireplace, granite countertops throughout, generous kitchen cabinetry and storage, and a large walk-in shower, and central A/C. Updates throughout give the space a clean, move-in-ready feel. Community amenities include an on-site

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 104 Walton Cir, Ruidoso, NM 88345

    $225,000 $14K PRICE DROP

    • 2 Beds
    • 2 Baths
    • 1,346 Sq Ft
    • 104 Walton Cir
    • Ruidoso, NM

    Easy single-level living awaits at this 2-bedroom, 2-bath mountain home surrounded by tall pines. Property features an open floor plan, cozy wood-burning stove, and low-maintenance composite decking. Additional highlights include a durable metal roof, covered carport, storage building, and a peaceful wooded setting on a quiet street. Great opportunity for a full-time residence, weekend retreat,

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 307 B Main Rd, Ruidoso, NM 88345

    $398,500 $21K PRICE DROP

    • 3 Beds
    • 3 Baths
    • 2,047 Sq Ft
    • 307 B Main Rd
    • Ruidoso, NM

    Beautifully Designed 3-bedroom, 3-bath Mountain Cabin-This fully furnished, turn-key rental features warm mountain decor, an open living area, granite kitchen, and a stunning stacked-stone gas fireplace. Highlights include multiple viewing decks, private courtyard, garage, and a convenient location with easy access to shopping, dining, hiking, and biking. Ideal mountain getaway, investment

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image
  • 519 Mountain High Cir, Ruidoso, NM 88345

    $779,000 New Construction

    • 4 Beds
    • 4 Baths
    • 2,563 Sq Ft
    • 519 Mountain High Cir
    • Ruidoso, NM

    Beautiful 4-bedroom, 4-bath New Construction at Grindstone Canyon Resort with direct views of Grindstone Lake. This thoughtfully designed mountain home features an open living, kitchen, and dining area with granite countertops, vaulted pine ceilings, abundant natural light, and a stunning stacked stone gas fireplace. Additional highlights include a low-maintenance stucco exterior, covered

    Eric Vaughn Century 21 Aspen Real Estate

    Section Image

Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 133482

APN: 4072064034351000000

New Mexico Lincoln County Ruidoso 88345

151 Lower Terrace Dr, Ruidoso, NM

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Eric Vaughn
Eric Vaughn
Listing Agent Section Image
Century 21 Aspen Real Estate
(575) 343-9940
Your Personal Tour Guide

Ask me questions while you tour the home.