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220 Lookout Dr #F1, Ruidoso, NM, 88345

4beds
4baths
2,567sqft
$435,000
$169price/sqft
$2,820/moest. monthly cost
$112,800/yrincome needed

About This Home

Big views, strong value, and turnkey convenience define this recently updated condo overlooking the mountains and Ruidoso Mid-Town. Featuring 4 bedrooms and 3.5 baths, a fantastic game room and wet bar w/2nd living area, the home includes mini-split systems in all living areas and all bedrooms for efficient, year-round comfort. Proven rental history adds investment appeal.Enjoy access to the community swimming pool and a location close to dining, shopping, and entertainment. HOA dues cover exterior maintenance (excluding back decks), water, sewer, trash, grounds care, pool and office maintenance, WiFi, and cable TV--simplifying ownership.Offered fully furnished--just bring your overnight bag and start enjoying or renting immediately.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

6/10
Ruidoso Middle SchoolGrades 6-81.5 mi
4/10
Ruidoso High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1975

Materials

  • Roof: Metal,Pitched
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Mountain
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Bar Fridge,Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Refrigerator,Stainless Steel Appliance(s),Water Heater,Washer

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Ceiling Fan(s)
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace(s),Zoned
  • Cooling features: Ceiling Fan(s),Zoned

Interior Area

  • Total interior livable area: 2,567 sqft

Property

Details

  • Zoning: R1
  • Other equipment: None
  • Horse amenities: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: Association
  • Patio & porch: Deck,Balcony
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Mountain(s),Trees/Woods

Lot

  • Features: Borders National Forest,Views

Parking

  • Parking features: Paved,Parking Lot

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
    LightningVery High
  • Wildfire
    WildfireVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Wildfire
Inland Flooding
Winter Weather
Ice Storm

FEMA Declared Disasters in Lincoln County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $2,199$26,388
Home Insurance *$244$2,928
Property Taxes $195$2,340
Electricity $182$2,190
Total$2,820$33,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,685/yr
40% on housing$84,600/yr
45% on housing$75,200/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$169This listing

vs Other Active Listings

Avg $/sqft

ZIP 88345$164
Lincoln County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 88345$266
Lincoln County$275

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

DateEventPrice
2026-04-28Listed for sale$435,000
2023-01-26Sold--
2023-01-03Listed for sale$339,500
2022-12-13Listing removed--
2022-10-27Price change$339,500
2022-08-08Price change$350,000
2022-05-27Listed for sale$389,000
2018-04-18Sold--
2012-04-01Listing removed$224,000
2011-11-03Listed for sale$224,000

For Sale by Agent

AgentSheri B. Rodgers
BrokerageRio Ruidoso Company

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