151 Lower Terrace Dr, Ruidoso, NM, 88345
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1965
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,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Stainless Steel Appliance(s),Water Heater
- Laundry features: Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Breakfast Bar,Recessed Lighting,Workshop
- Flooring: Vinyl,Wood
- Number of fireplaces: 2
- Fireplace features: Pellet Stove,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Forced Air,Natural Gas
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 3,448 sqft
Property
Details
- Parcel number: 4072064034351000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
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
- Lot size: 0.57 Acres
- Features: Interior Lot,Level,Views
Parking
- Total spaces: 2
- Parking features: Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Inland Flooding
- Winter Weather
- 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 | $3,463 | $41,556 |
| Home Insurance * | $384 | $4,608 |
| Property Taxes | $308 | $3,696 |
| Electricity | $245 | $2,941 |
| Total | $4,400 | $52,800 |
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 |
|---|---|---|
| 2026-01-06 | Listed for sale | $685,000 |
View on Zillow