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.
For sale
$685,000
151 Lower Terrace Dr, Ruidoso, NM 88345
4beds
3,448sqft
Est.:
Single Family Residence
Built in 1965
0.57 Acres Lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
Beautiful fireplaceThoughtful design throughoutBeautiful finishesInviting floor planPartially fenced yardStainless steel appliancesSpacious level lot
- 82 days |
- 305 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: February 24, 2026 at 10:25am
Listed by:
Eric Vaughn 575-520-1510,
Century 21 Aspen Real Estate 575-257-9057,
Nenada Maslovaric 727-768-5864,
Century 21 Aspen Real Estate
Source: RLCMLS,MLS#: 133482
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Laundry, Library, Living Room, Workshop
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Water Heater
- Laundry: Washer Hookup
Features
- Breakfast Bar, Recessed Lighting, Workshop
- Flooring: Vinyl, Wood
- Number of fireplaces: 2
- Fireplace features: Pellet Stove, Wood Burning
- Furnished: Yes
Interior area
- Total interior livable area: 3,448 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Other, Rain Gutters
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Pasture, Valley, Trees/Woods
- Waterfront features: None
Lot
- Size: 0.57 Acres
- Features: Interior Lot, Level, Views
Details
- Additional structures: Storage
- Parcel number: 4072064034351000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Metal,Pitched
Condition
- Updated/Remodeled
- Year built: 1965
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
- Security: Smoke Detector(s)
- Subdivision: Hamilton Terace
HOA
- Amenities included: None
- Services included: None
Location
- Region: Ruidoso
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $210,321
- Annual tax amount: $6,894
- Date on market: 1/6/2026
- Cumulative days on market: 84 days
- Listing terms: Cash,Conventional,Item1031Exchange
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2026 | Listed for sale | $685,000$199/sqft |
Source:  RLCMLS #133482 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,108 +4.5% | $70,107 +3% |
| 2023 | $2,016 +0.9% | $68,065 +3% |
| 2022 | $1,997 +3.5% | $66,082 +3% |
| 2021 | $1,930 +2.1% | $64,158 +3% |
| 2020 | $1,891 +6.9% | $62,289 +2% |
| 2019 | $1,769 +3.6% | $61,067 +3% |
| 2018 | $1,708 +3.9% | $59,289 +3% |
| 2017 | $1,644 | $57,556 +3% |
| 2015 | $1,644 +5.9% | $55,886 +3% |
| 2014 | $1,553 +22.4% | $54,258 +12.6% |
| 2010 | $1,269 | $48,203 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,761/mo
Principal & interest
$3453
Property taxes
$308
More affordability tools
Climate risks
Neighborhood: 88345
Nearby schools
GreatSchools rating
- 5/10Sierra Vista Primary SchoolGrades: PK-2Distance: 1.9 mi
- 6/10Ruidoso Middle SchoolGrades: 6-8Distance: 1.5 mi
- 4/10Ruidoso High SchoolGrades: 9-12Distance: 1.6 mi
Local experts in 88345
- New Mexico
- Lincoln County
- Ruidoso
- 88345
- 151 Lower Terrace Dr
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