Address
2863 Nm 14 Highway, Madrid, NM
Price
$ 875,000
Property Attributes
- MLS#202602544
- TypeSingle Family
- Listing Status Active
- CountySanta Fe
- CityMadrid
- NeighborhoodMadrid Townsite
- Zip87010
- Style
- Year Built1931
- Price$ 875,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1362
- Lot Size0.16 Acres
Data Source:
Santa Fe AOR (SFAR)
Property Description
Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
| Elementary School | Middle School | High School |
|---|---|---|
| Turquoise Trail Elementary School | Milagro Middle School | Santa Fe High School |
| Price History | |
|---|---|
| 6/26/2026 | Listed $875,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Heat Pump,Propane |
| Cooling | Heat Pump,Refrigerated |
| Utilities | High Speed Internet Available,Propane,Septic Available,Water Available,Electricity Available |
| Possession | Closing & Funding |
| Roof | Metal |
| Zoning | Historic |
| Architectural Style | Bungalow |
| Construction Materials | Brick,Concrete |
| Year Built | 1931 |
| Property Subtype | Retail |
| Current Use | Other,Retail |
| OwnerPays | None |
| Business Type | Commercial,Other,Retail |
| Accessibility | Not ADA Compliant |
| County | Santa Fe |
| Property Type | Residential |
| Association Amenities | Other,Playground,See Remarks |
| HOA | false |
| Subdivision Name | Madrid Townsite |
| Possible Use | Commercial,Mixed Use,Other,Retail |
| Garage Y/N | false |
| Building Features | Kitchen Facilities,Living Area,Public Restrooms,Storefront |
| Other Structures | Studio Detached |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | From Santa Fe take NM 14/ Turquoise Trail 28 miles south to Madrid. 2863 NM 14 is on the right hand side Range West Gallery. |
| High School | Santa Fe |
| City | Madrid |
| Disclosures | Lead Based Paint Disclosure |
| Zoning Description | TC- Traditional Commmunity |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6969.6 |
| Listing Terms | Cash,Conventional,1031 Exchange,New Loan |
| Elementary School | Turquoise Trail |
| Middle/Junior High School | Milagro |
| MLS Area Minor | 12-Madrid/Cerrillos |
| Lease Considered Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
Interior Features
| Interior Amenities | Beamed Ceilings,No Interior Steps |
|---|---|
| Flooring | Stone,Wood |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Insulated Windows |
| Fireplace Y/N | false |
| LivingAreaSource | Public Records |
Exterior Features
| Water Source | Community/Coop |
|---|---|
| Lot Size Area | 0.16 |
| Foundation Details | Basement |
| Building Area Total | 1800 |
| Lot Size Acres | 0.16 |
| Lot Size Source | Public Records |
| Waterfront Y/N | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 87010
Price
Year Built
IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or REMAX EQUiPT. Data last updated: September 21, 2026 9:50 AM UTC
Santa Fe Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
