406 2nd St, Ruidoso, NM, 88345
About This Home
NESTLED IN A PRIME LOCATION! Just minutes from Midtown, parks and Grindstone Lake. This unique 2BD/2BA mountain style home is a great vacation retreat or nightly rental potential. This furnished home embodies the spirit of Ruidoso. The large, approximate 0.324 acre corner lot offers plenty of space. Inside, you'll find a cozy living area with a rock fireplace, wood tongue-and-groove walls, 3/4 in oak floors, heated concrete driveway and bead board ceilings and a charming sleeping loft in bedroom. The home also boasts a concrete apron, a metal roof, and a large wraparound covered front deck--perfect for relaxing in the woods. Don't miss this special retreat!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 2002
Materials
- Roof: Metal,Pitched
- Construction materials: Frame,Other,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Mountain,See Remarks
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer/Dryer Stacked,Electric Range,Microwave,Refrigerator
- Laundry features: Stacked
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Eat-in Kitchen
- Flooring: Other,See Remarks,Wood
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Baseboard,Fireplace(s),Wood
- Cooling features: Ceiling Fan(s),None
Interior Area
- Total interior livable area: 1,051 sqft
Property
Details
- Parcel number: 4071065194052000000
- Zoning: R1
- Other equipment: None
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Deck,Wrap Around
- Exterior features: Storage
- Fencing: None
- Has view: Yes
- View description: Trees/Woods
- Waterfront features: None
Lot
- Lot size: 0.32 Acres
- Features: Corner Lot,Gentle Sloping,Rectangular Lot,Views,Wooded
Parking
- Parking features: Concrete,Gravel,On Site,See Remarks
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 | $1,868 | $22,416 |
| Home Insurance * | $207 | $2,484 |
| Property Taxes | $166 | $1,992 |
| Electricity | $148 | $1,780 |
| Total | $2,389 | $28,668 |
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 |
|---|---|---|
| 2026-04-13 | Listed for sale | $369,500 |
| 2020-08-26 | Sold | -- |
| 2020-08-03 | Price change | $239,000 |
| 2020-07-12 | Listed for sale | $278,500 |
View on Zillow