Browse All Espanola NM Between $400K - $500K Properties for Sale

3 Beds ⋅ 2 Baths ⋅ 202603289 MLS ⋅ 0 DOM

Welcome to 1007 Los Arboles, a well-maintained and thoughtfully cared-for home nestled within the gated Los Arboles community in Española. Built in 2004, this inviting property offers the comfort of a private, established neighborhood while remaining conveniently located near McCurdy Road and the shopping, dining, and everyday amenities of Española. Recently touched up and ready for its next owner, the home features a spacious yard with plenty of room to enjoy the outdoors, garden, entertain, or simply relax. The gated setting offers added privacy and peace of mind, while the central location provides convenient access to local grocery stores, restaurants, services, and shopping. Enjoy the best of Northern New Mexico living with easy access to the surrounding communities of Santa Fe, Los Alamos, and the scenic Española Valley. A wonderful opportunity for those seeking a well-kept home in a convenient and private setting.

1007 Los Arboles, Espanola

$495,000

202602591 MLS ⋅ 46 DOM

**MLS Property Description (Approx. 500 Words)** Exceptional opportunity to acquire approximately **11.33 acres** of prime residential development land in Española, New Mexico. Strategically located within the thriving Santa Fe–Española–Los Alamos corridor, this property offers developers and investors the chance to capitalize on one of Northern New Mexico's most underserved housing markets. Zoned **R-6 Urban Residential**, the site provides outstanding potential for a variety of residential development options, including townhomes, duplexes, condominiums, or other permitted residential uses, subject to buyer verification and governmental approvals. A conceptual development plan has been prepared illustrating the potential for approximately **66 townhouse-style residential units**, providing an excellent starting point for developers seeking to meet the growing demand for quality housing in the region. The property's size, zoning, and location make it well suited for a thoughtfully designed residential community that serves both local residents and professionals employed throughout Northern New Mexico. Positioned just minutes from downtown Española and approximately 22 miles from Los Alamos National Laboratory, the property benefits from one of the state's strongest economic drivers. Los Alamos National Laboratory continues to support thousands of high-quality jobs while contributing significantly to the regional economy. Combined with the employment opportunities found in Santa Fe and Española, this creates a strong demand for additional housing options throughout the area. The property has remained in the same family for generations and has historically been utilized for agricultural and grazing purposes. Today, it represents a rare opportunity to transform a large infill parcel into a vibrant residential neighborhood. The site offers attractive mountain views, a relatively level topography, and convenient access to schools, shopping, restaurants, healthcare facilities, and major transportation routes, making it an ideal location for future residents. The offering also includes valuable due diligence materials designed to help streamline the development process. Available information includes a conceptual site plan, appraisal, Phase I Environmental Site Assessment, market analysis, and preliminary financial analysis, allowing qualified purchasers to evaluate the property's development potential with confidence. Northern New Mexico continues to experience a significant housing shortage, creating favorable market conditions for new residential construction. Española sits at the center of a regional employment triangle connecting Santa Fe, Los Alamos, and surrounding communities, making it an increasingly attractive location for workforce and market-rate housing alike. As residential demand continues to outpace supply, opportunities to acquire development-ready land of this size and quality are becoming increasingly limited. Whether your vision includes a build-to-rent community, for-sale townhomes, workforce housing, or another residential development concept, this exceptional property provides the location, scale, and development potential necessary to bring your project to life. Rarely does an opportunity arise to acquire over 11 acres of residentially zoned land in such a strategic Northern New Mexico location. Developers and investors seeking long-term growth potential are encouraged to explore everything this outstanding property has to offer.

1000 La Joya, Espanola

$484,953

1105202 MLS ⋅ 33 DOM

This site is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. There is also opportunity to gain an additional 10 acres from adjacent land owners.The property is being offered via BID process with a start price of $300,000, equating to $4,545 per unit, or $0.60/sf with projected rents of $1,825 per unit or $1.82 per square foot. The current owners are pleased to provide conceptual site plans and development models to qualified developer/investors who complete the online confidentiality agreement.Subject property might qualify for the next round of funding from MFA / OEF

1000 La Joya Street, Espanola

$450,000

202602148 MLS ⋅ 68 DOM

Nestled in the heart of Espanola, New Mexico, this former ceramics store stands as a beacon of artistic excellence and community engagement. This unique property offers a rare opportunity to own a piece of the regions rich cultural tapestry and includes the building, thousands of ceramics molds and four kilns. Situated on .33 acres. Ample parking. Perfect for artists, business owners looking to own a rare piece of iconic property.

105 Laguna Street, Espanola

$419,000

3 Beds ⋅ 3 Baths ⋅ 202600366 MLS ⋅ 159 DOM

EAST PUEBLO: A Unique Home in a Prime Espanola Location Location is everything! This property on East Pueblo offers unparalleled access to all the amenities and attractions in and around Espanola. The home is situated on a spacious 0.96 acre lot, with portions already fenced—perfectly ready for a family to move in and enjoy. This unique residence is designed for flexible living and offers many desirable features: Detached Studio/Garage: 667 SQ FT. A heated, two-car garage near the home could also serve as an excellent studio space; it has a half bath. Expansion Potential: There is ample space on the lot for future expansion, should you desire it. Unique Bedroom Layout: One bedroom, complete with a 3/4 bath, is thoughtfully separated from the other sleeping areas, offering privacy. Year-Round Sunroom: 181 SQ FT. A charming, south-facing solarium provides a warm, indoor sanctuary ideal for gardening or simply soaking up the sun. Open-Concept Living & Dining: The kitchen and dining areas are open plan, complemented by a convenient coffee bar situated opposite the laundry area. Multiple Living Areas: The home boasts both a formal living room and an additional family room, ensuring plenty of space for entertaining and relaxation. Additional Bedrooms: The remaining bedrooms share a full bathroom. The seller will not make any repairs to the property. With so many wonderful features, both inside and out, this home truly must be seen to be appreciated!

718 E Pueblo, Espanola

$435,000

2 Beds ⋅ 2 Baths ⋅ 202600460 MLS ⋅ 169 DOM

Welcome to “Casa de Guadalupe,” a charming vintage adobe sanctuary nestled on half an acre in the verdant landscape of San Pedro in Española, NM. This unique 1,984-square-foot home offers a perfect blend of old-world character and modern convenience, featuring two bedrooms, a full bath, and an additional studio ideal for creative pursuits or a home-based business. The interior boasts a vibrant aesthetic feel with colorful finishes that complement original 1920s oak floors, Mexican tile, exposed beams, and intricate nichos. Outside, the property is graced by a majestic globe willow, mature landscaping, fertile garden spaces, and inviting courtyards. Privacy is ensured by traditional adobe walls and latilla fencing, all secured behind a gated entry. The generous lot also includes a rustic workshop/barn and an additional storage building, catering to artists, writers, gardeners, and boutique farmers. Residents will enjoy scenic commutes to Santa Fe, Los Alamos, and Ojo Caliente Mineral Springs Resort & Spa, with the world-renowned Buffalo Thunder Casino and the Black Mesa Golf Club located just minutes away. Experience the charm and potential of this lovingly updated home in person. Schedule a showing today!

77 County Road 5, Espanola

$435,000

3 Beds ⋅ 3 Baths ⋅ 202504907 MLS ⋅ 244 DOM

Discover a spacious and well-maintained 3-bedroom, 3-bath home with a 5-car garage, workshop, and RV parking—perfectly situated just north of Española. This 2,727 SF single-family home on a ¾-acre lot offers exceptional space, versatility, and convenience in a peaceful Northern New Mexico setting. Inside, you’ll find three bedrooms and three full bathrooms with a thoughtfully designed layout that provides comfortable, separate living areas. There is a wood-burning stove in the primary bedroom. The great room features updated flooring, recently replaced bay windows with Anderson windows, a wood-burning stove, mudroom, and wet bar. The laundry room includes a washer and dryer for added convenience. Perfect for car enthusiasts or hobbyists, the property includes a spacious 5-car garage with a dedicated workshop area and additional storage. There’s also covered RV parking under a large carport next to the garage, along with ample extra parking for guests or equipment.The property is gated for privacy and security, and the yard is fenced. The entire ¾-acre lot is fully enclosed together with the adjacent commercial property, which is also available for purchase (see MLS #202504908). Enjoy the best of both worlds—peaceful country living with easy access to Española’s shops and amenities, plus short commutes to Los Alamos and Santa Fe. This home offers space, function, and opportunity—ideal for those seeking a flexible Northern New Mexico property with room to grow. New septic system installed September 2025.

19344 Us 84/285, Espanola

$447,000

202502253 MLS ⋅ 419 DOM

Turnkey restaurant and bar directly on the Plaza in Espanola. This property consists of the building, 2 legal lots of record and all furniture, fixtures and equipment to convey with the sale. High traffic corner and plenty of parking. 56 seats inside, bar seats 8 and patio seats 16. Current tenant is Kenz Cuisine with a lease through end of March, 2027. The business is not for sale.

100 Los Alamos Highway, Espanola

$465,000

4 Beds ⋅ 2 Baths ⋅ 202502134 MLS ⋅ 437 DOM

If you’ve been looking for a place that feels peaceful the moment you pull in, this Santa Fe County home may be the one. Set just over half an acre with easy access to both Española and Santa Fe, it offers the space and quiet of country living without feeling isolated. Inside, the home has a comfortable, easy flow with four bedrooms and two baths, including a spacious primary suite with a jetted tub and separate shower—perfect for unwinding at the end of the day. Radiant floor heating adds a cozy touch during the cooler months, making the home feel warm and inviting year-round. Outside, the fully fenced yard with a solid concrete privacy wall provides a sense of security and room to enjoy the outdoors, whether that means gardening, entertaining, or simply relaxing. An attached garage offers plenty of space for vehicles, storage, or a workshop, plus there’s an additional shed for extra convenience. This is a move-in ready home with room to grow and make your own—ideal for a first home, a growing household, or a solid investment. The sellers are motivated and ready for the next chapter. Come see it in person and picture yourself here.

314 Calle Lucia, Espanola

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Espanola Homes Between $400K And $500K For Sale

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