220 Lookout Dr #J-2, Ruidoso, NM, 88345
About This Home
RARE offering in Ruidoso's ''Year-Round Playground of the Southwest!'' These side-by-side condos are the ultimate setup for large groups, family retreats, corporate getaways, or high-performing investment properties. The only two condos in the building, both are proven Rental Rock Stars with exceptional income potential! Available individually, or together until one sells. This spacious unit, (J2), features 5 bedrooms, 3.5 baths, 2 living areas, a fabulous game room & wet bar, great deck space, and easy access to everything Ruidoso has to offer. Enjoy views of Sierra Blanca & Ruidoso Midtown while relaxing in the mountains. Tons of sleeping space, turnkey appeal, and room for your entire crew make this a rare opportunity you don't want to miss!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1975
Materials
- Roof: Metal,Pitched
- Construction materials: Wood Siding
Type & Style
- Home type: Condo
- Architectural style: Mountain
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dryer,Electric Range,Refrigerator,Water Heater,Washer
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Breakfast Bar,Ceiling Fan(s)
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Forced Air,Fireplace(s)
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 3,170 sqft
Property
Details
- Zoning: R3
- Other equipment: None
- Horse amenities: None
Features
- Levels: Three Or More
- Stories: 3
- Pool features: Association
- Patio & porch: Deck,Front Porch,Balcony
- Exterior features: Balcony
- Has view: Yes
- View description: Mountain(s),River,Trees/Woods
- Has water view: Yes
- Water view: River
Lot
- Features: Borders National Forest,Views
Parking
- Parking features: Paved
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 | $2,351 | $28,212 |
| Home Insurance * | $261 | $3,132 |
| Property Taxes | $209 | $2,508 |
| Electricity | $225 | $2,704 |
| Total | $3,046 | $36,552 |
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 |
|---|---|---|
| 2026-05-26 | Price change | $465,000 |
| 2026-05-24 | Listed for sale | $449,000 |
View on Zillow