433 Martinez, Taos, NM, 87571
About This Home
Opportunities like this are increasingly rare in Taos. Tucked away at the end of a quiet in-town road, this charming property offers the perfect blend of authentic character, modern comfort, and income potential—all on an unusually large lot WITH ACEQUIA WATER RIGHTS and sweeping mountain views. The circa-1940s authentic adobe main home features 3 bedrooms and 1 bath, an updated kitchen, a welcoming covered portal, and a cozy wood stove that creates the warm, timeless feel only a true adobe can offer. A very sweet, separate 1-bedroom, 1-bath guest house is fully equipped with a full kitchen and its own wood stove, and is currently operating as a successful vacation rental with consistent income. Whether you continue the rental, host family and friends, or create a private studio or home office, the possibilities are endless. It has a separate driveway entrance and gorgeous views out the front of a long field and the Sangre de Cristo mountains. The oversized in-town lot is a standout feature—offering room to garden, relax, or simply enjoy the privacy and expansive views that are so uncommon this close to the heart of Taos. Cartwheels, Cornhole Tourneys, State Fair-worthy raspberry garden- you decide. Solid wood perimeter fencing is a real bonus. Peaceful, versatile, and full of authentic Southwestern charm, this is a property that truly offers the best of both worlds: in-town convenience with space to breathe.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Metal,Pitched
- Construction materials: Adobe,Frame,Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Window features: Insulated Windows,Screens
- Flooring: Laminate,Wood
- Number of fireplaces: 2
- Fireplace features: Two,Living Room,Wood Burning Stove
- Fireplace: Yes
Heating
- Heating features: Wood Stove,Wall Furnace
Interior Area
- Total structure area: 1,306
- Total interior livable area: 1,743 sqft
Other
- Dimensions: 437
Property
Details
- Parcel number: 77799
- Zoning description: 4 Units
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio,Porch
- Exterior features: Gravel Driveway
- Has view: Yes
- Topography of land: CanyonValley
Lot
- Lot size: 0.46 Acres
- Features: Level,Trees,Views
Parking
- Parking features: Open
- Has uncovered spaces: Yes
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
- Winter Weather
- Inland Flooding
- Avalanche
- Cold Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Taos 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 | $3,625 | $43,500 |
| Home Insurance * | $213 | $2,556 |
| Property Taxes | $1,197 | $14,364 |
| Electricity | $148 | $1,780 |
| Total | $5,183 | $62,196 |
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 |
|---|---|---|
| 2026-08-14 | Price change | $695,000 |
| 2026-07-03 | Listed for sale | $717,000 |
View on Zillow