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$750,000
202602946 MLS 23 DOM
Discover a truly distinctive property at 325 Fiesta Street, where classic Santa Fe charm meets contemporary design just minutes from the Historic Plaza. Ideally situated in one of the city's most convenient locations, this exceptional property offers warmth, creativity, versatility, and outstanding investment potential. The inviting two-bedroom, one-bath main residence blends timeless character with thoughtful updates, featuring hardwood floors, a cozy wood-burning stove, and an updated interior that feels both comfortable and refined. The front home also benefits from a recently replaced roof. Completed in 2022, the striking detached casita/studio showcases soaring ceilings, polished concrete floors, loft spaces, expansive windows, and contemporary finishes. Ideal as an artist's studio, home office, guest quarters, wellness retreat, or income-producing rental. A covered breezeway with solar panels connects the two structures, creating an inviting outdoor living space while enhancing energy efficiency. The property also features a new sewer line installed in 2023. Each residence is separately metered with its own utilities, providing excellent flexibility for multigenerational living, rental income, or a live/work lifestyle. The fully fenced grounds offer privacy while remaining moments from Santa Fe's renowned restaurants, galleries, shopping, and cultural attractions. Whether you're seeking a primary residence with creative space, a flexible live/work property, or a standout investment, 325 Fiesta Street delivers a rare combination of character, modern design, valuable upgrades, and an exceptional downtown Santa Fe location.

325 Fiesta Street, Santa Fe

$1,210,000
202601858 MLS 78 DOM
Welcome to Cielo Encantado, an extraordinary Santa Fe compound newly returned to the market after a prior transaction did not proceed to closing through no fault of the seller. Now offered below appraised value, the property presents a rare opportunity to acquire immediate equity. The compound includes three residences: main house, guest house and casita. It is ideal for a family compound, second home in New Mexico, or a flexible ownership model where one or two residences may be rented when not in use. The main residence offers the substance and soul of adobe construction, with classic Southwestern lines, handcrafted wood detailing, and elements that speak to another era of Santa Fe living. It is not pretending to be new. It has history, presence, and original character that invites a thoughtful next chapter. A heated pool invites relaxed enjoyment beneath expansive skies, with views of both sunrise and sunset. The private well with generous capacity supports the residences, landscape, pool, and a return to equestrian or small farm use. The equestrian center adds a rare dimension, anchored by an indoor riding arena for riding, training, and use regardless of season or weather. The facilities offer compelling potential for equestrian use, yoga/spiritual retreat use, or an artist's working environment with room to create, store, and manage large-scale installation pieces. The horse facilities have generated steady income through multipurpose use, with separate access that allows this area to function independently from the residences. Longtime residents not found on any survey: the Great Horned Owl and the Ravens who have called this compound home for decades. Their presence gives the land quiet authority, as if the property has always known it was special. Cielo Encantado is a compound, a canvas, and a rare Santa Fe offering with scale, character, and possibility. Horse lovers will see the dream. Investors will see the opportunity. Visionaries see it.

54 Rons Road, Santa Fe

$3,041,053
202502719 MLS 404 DOM
Excited to see this Apartment community come to market in the high-end tourism, 400 year old capital, high alpine skiing, arts, and cultural mecca of Santa Fe, NM. If you love Meow Wolf, this property is located a few hundred feet south at 3226 Rufina. The economic engine of Meow Wolf makes this an ideal asset to acquire under the rising tide raises all ships theory. The property contains a total of 23 units in 2 buildings built in the 1980s, with a small parcel of land for potential additional uses. Historically a high barrier to entry market for new construction, the area has been identified as being short some 6,484 housing units. The community has partnered to bring more multifamily units on line than the Albuquerque area, but it’s not enough to satiate the resident demand. This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct – there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!) This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000. The community contains a range of units from small one bedrooms, averaging 432 sf to larger two bedroom units at 620sf. The lower floor units have a secure, double loaded corridor and the ground floor and upstairs units have their own private entrances. The property contains a common laundry room. The owner has furnished a couple of the smaller units to appeal to the traveling nurses/professional market. If you want to pay all cash, or obtain a new loan, the price is $3,041,153 – a 6.37% cap rate at the current average rents of $1,117, the measure of investment performance include a price per unit of $132,220, a price per square foot of $265.83 a GRM of 9.86 and a cap rate of 6.37%. If the rents are raised to market averages of $1,401, measure of investment performance improve to 7.86, and a cap rate of 7.45% Do not miss out on this opportunity to invest in one of America’s most sought-after markets and receive a rare positive cash flow.

3226 Rufina, Santa Fe

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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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