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$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

$385,000
3 Beds 2 Baths 202602505 MLS 49 DOM
Charming Rural Retreat with Endless Potential in Arroyo Seco! Escape to the serene beauty of Northern New Mexico with this spacious 1,875-square-foot, two-story home nestled on a generous 0.83-acre lot. Perfectly situated in the highly desirable Arroyo Seco area, this property offers the ultimate rural lifestyle while keeping you within easy commuting distance to both Santa Fe and Los Alamos. Featuring a classic, durable pitched metal roof, this home provides a solid foundation for your personal touch. Inside, the two-story layout offers plenty of room to stretch out, while the exterior boasts an incredible, detached 1,200-square-foot garage—a dream setup for mechanics, hobbyists, woodworkers, or anyone needing massive extra storage. Key Highlights: Expansive 0.83-Acre Lot: A beautiful rural setting with abundant space for vibrant gardens, outdoor entertaining, or homesteading projects. Massive Detached Garage: 1,200 sq. ft. of versatile space separate from the main home. Utilities & Infrastructure: Equipped with a shared well. Unbeatable Value: The property needs some work and repairs, making it an incredible opportunity for investors, builders, or sweat-equity buyers looking to customize a home and capture instant value. Whether you are looking to design your dream rural oasis or capitalize on a fantastic investment opportunity, this Arroyo Seco gem is a must-see. Easy to show on short notice—schedule your private tour today and see the potential for yourself!

41 Ab W Arroyo Alamo, Espanola

$699,000
3 Beds 2 Baths 202602348 MLS 51 DOM
Located a half hour from both Santa Fe and Los Alamos, this 1900 sq ft 3 bed 2 bath home sitting on 1 ½ acres has been completely redone, so in effect it is a brand-new home! Shaded by enormous, ancient cottonwoods, the home has a nice open floorplan for the main living spaces and big floor to ceiling windows facing East with fantastic light. There is an electric fireplace with venetian plaster in the living room for both ambiance and heat, a little dining or sitting nook and the coolest kitchen ever! With concrete counters, farm sink, new stainless appliances and beautiful white cabinets and shelving for plenty of storage, it is set against the most beautiful blue background of the walls. Down the hall are the guest bedrooms/office space which share a bath and then a lovely large primary bedroom suite, also with great light and very hip finishes. The main bath’s concrete counters, two sinks, generous storage, large closet with washer dryer and unique barn doors and light make this primary bedroom a little oasis with a sitting area and access to the back yard. The two-car garage has direct entry into the house and there is a private well with 3-acre feet of water. An added bonus are two sheds , one which could be another garage or a double stall shelter attached to a perfect tack room/hay storage with plenty of space to add a large fenced corral directly in front of the sheltered stall on the nice flat lot. There was additional insulation added during the remodel, as well as waterproofing and padding the slab; not to mention updated plumbing, electric, new doors and windows, new floors and of course baths, as well as mini splits for both heating and cooling. There is an additional ¾ acre lot available in the front of the property, or could be sold separately. Please follow the directions herein, so that googlemaps doesn't take you to the wrong place.

16 Private Road 1342, Espanola

$250,000
3 Beds 2 Baths 202601909 MLS 75 DOM
A uniquely configured single-family residence offering exceptional flexibility in the heart of Española. Situated on one parcel, this 3-bedroom, 2-bath property features distinct living areas that provide a variety of possibilities for today’s buyers. The thoughtful layout is well suited for multi-generational living, extended family, guests, a private home office, creative studio space, or buyers seeking additional separation and versatility within one residence. Separate utility metering further enhances the property’s flexibility, while off-street parking, private outdoor areas, and functional living spaces add to its everyday convenience. Whether you are looking for a primary residence with room to accommodate changing needs or a creative real estate investment opportunity, this property offers a configuration that is difficult to find. Conveniently located near shopping, dining, schools, and everyday amenities, with easy access throughout Española and surrounding Northern New Mexico communities. With three bedrooms, two bathrooms, flexible living spaces, and a central location, 605 W Chamisa Street presents an opportunity for buyers to create a living arrangement that works for their individual lifestyle and long-term goals. Priced below a recent appraised value. Cash, conventional, and DSCR financing considered. The property may also be well suited for a buyer completing a 1031 exchange.

605 Chamisa W, Espanola

$895,000
3 Beds 4 Baths 202601497 MLS 94 DOM
A rare opportunity to own a legacy property along the Rio Grande, held by the same family for generations and thoughtfully preserved for the future. Set on approximately 58 acres, the original owners chose to place the property into a conservation easement to protect its natural beauty, open space, and agricultural use, ensuring the land will remain largely unchanged for years to come. The land itself is both beautiful and highly usable, with a mix of bosque, open pasture, grassland, and river corridor. It offers privacy, wildlife, and a true connection to the landscape. Valuable acequia water rights with a 1695 priority date support farming, grazing, and equestrian use. There are two existing homes on the property totaling over 3,500 square feet. Each has its own character and history and could be used as-is, updated over time, or incorporated into a larger compound. There is also a designated approximately two-acre building envelope, allowing for a new custom home and additional structures if desired. While the conservation easement protects the land from overdevelopment, it still allows for residential use, agriculture, and low-impact recreational or retreat-style use. It’s a nice balance of being able to use the land while knowing it will stay protected. Whether someone is looking for a private retreat, a small ranch, a multigenerational setup, or simply a place with meaning and history, this is a property that doesn’t come along often.

76 & 78 County Road 114, Espanola

$895,000
3 Beds 4 Baths 202601465 MLS 94 DOM
A rare opportunity to own a legacy property along the Rio Grande, held by the same family for generations and thoughtfully preserved for the future. Set on approximately 58 acres, the original owners chose to place the property into a conservation easement to protect its natural beauty, open space, and agricultural use, ensuring the land will remain largely unchanged for years to come. The land itself is both beautiful and highly usable, with a mix of bosque, open pasture, grassland, and river corridor. It offers privacy, wildlife, and a true connection to the landscape. Valuable acequia water rights with a 1695 priority date support farming, grazing, and equestrian use. There are two existing homes on the property totaling over 3,500 square feet. Each has its own character and history and could be used as-is, updated over time, or incorporated into a larger compound. There is also a designated approximately two-acre building envelope, allowing for a new custom home or additional structures if desired. While the conservation easement protects the land from overdevelopment, it still allows for agriculture use, low-impact recreational or retreat-style use. It’s a nice balance of being able to use the land while knowing it will stay protected. Whether someone is looking for a private retreat, a small ranch, a multigenerational setup, or simply a place with meaning and history, this is a property that doesn’t come along often.

76 & 78 County Road 114, 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
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

$632,000
4 Beds 3 Baths 202504024 MLS 315 DOM
Located in Espanola, off of Riverside Drive, is a moderate sized Spanish style, adobe compound. There is a main home with oak flooring in the common areas, as well as, Saltillo tile. The bancos located throughout the house, provides that old fashioned, traditional sitting space that one could easily soften up, utilizing cushions and throw pillows. The Mexican tiled bathrooms add to the authenticity of the home design. The ceilings, in the common areas, are adorned with the traditional, Northern New Mexico vigas and latillas. A unique focal point, is the carved pillars that border two separate verticals walls and intersect with a horizontal carved beam, bordering the ceiling. The little touches added to the main home, accents Spanish Colonial charm the home represents. There is an attached two car garage (633 sqft) with storage space. There is a smaller dwelling attached to this home by the carport between the two structures, that together, represents the amazing Spanish Colonial architecture brought to the new world by the Spaniards in the late 15 hundreds. The pitched roof and dormers, along with the private courtyards, and the adobe construction, takes a person back in time. The photos tell the rest of the story. Together, multiple families could live in the compound. The compound could also serve as office spaces or home and offices. An incredible place to live or work, surrounded by old fashioned, traditional charm and comfort. Please, be sure to look through the photos and walk through the homes, as you view the 3-dimension videos. An easy 20 to 45 minute drive to Santa Fe, Los Alamos, Taos, and Abiquiu.

305 A&B Camino Del Sol, 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.

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