321 2nd St, Ruidoso, NM, 88345
About This Home
Charming and fully renovated, this inviting 2-bedroom, 2-bath mountain cabin offers the perfect blend of rustic character and modern comfort in the heart of Ruidoso. Built in 1950 and thoughtfully updated, the 1,559 sq ft home sits on a spacious 10,000 sq ft lot and provides an ideal retreat for full-time living, a vacation getaway, or a potential short-term rental investment property. Inside, the home features a bright open-concept living and kitchen area designed for easy entertaining. Updated plumbing and electrical systems provide peace of mind, while energy-efficient mini-split systems offer comfortable heating and cooling year-round. A cozy wood-burning stove creates the perfect mountain ambiance on cooling evenings. Located just minutes from shopping, dining, and recreation.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1950
Materials
- Roof: Metal,Pitched
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Disposal,Microwave,Refrigerator,Water Heater,Wine Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Open Floorplan,Pantry,Storage,Main Level Primary,Utility Room
- Flooring: Carpet,Tile
- Fireplace features: Wood Burning Stove
- Fireplace: Yes
Heating & Cooling
- Heating features: Baseboard,Other,Wood Stove
- Cooling features: Ceiling Fan(s),Multi Units
Interior Area
- Total interior livable area: 1,559 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Loft
- Level: Upper
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 4071065227065000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Front Porch
- Exterior features: Dog Run,Rain Gutters,Storage
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: Mountain(s),Trees/Woods
Lot
- Lot size: 10,018 sqft
- Features: Gentle Sloping,Interior Lot,Wooded
Parking
- Parking features: Driveway,Gravel
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Wildfire
- Winter Weather
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters in Lincoln County and New Mexico
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,688 | $20,256 |
| Home Insurance * | $187 | $2,244 |
| Property Taxes | $150 | $1,800 |
| Electricity | $148 | $1,780 |
| Total | $2,173 | $26,076 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-10 | Price change | $334,000 |
| 2026-03-16 | Listed for sale | $349,000 |
| 2026-01-31 | Listing removed | $319,000 |
| 2025-09-12 | Price change | $319,000 |
| 2025-07-30 | Price change | $329,000 |
| 2025-04-20 | Price change | $334,000 |
| 2025-02-14 | Price change | $335,000 |
| 2025-02-01 | Listed for sale | $374,000 |
| 2022-08-05 | Sold | -- |
| 2022-06-13 | Pending sale | $305,000 |
| 2022-06-08 | Listed for sale | $305,000 |
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