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40 Craftsman Rd, Santa Fe, NM, 87508

3beds
4baths
2,821sqft
$815,000
$289price/sqft
$4,916/moest. monthly cost
$196,640/yrincome needed

About This Home

Light, bright, and beautifully designed, this inviting 3-bedroom, 4-bath home offers 2,821 square feet of comfortable living space with an open-concept floor plan, thoughtfully separated living areas, high ceilings, and abundant natural light throughout. Expansive Sangre de Cristo Mountain views provide a stunning backdrop for colorful sunrises, peaceful moonrises, and vibrant sunsets, while the adjoining open green space preserves the views and enhances the home’s quiet, spacious setting. The large living room is warm and welcoming, with beautiful clay-painted walls adding natural texture and character. The chef’s kitchen is designed for cooking, gathering, and entertaining, featuring generous cabinet space, a large pantry, an island with bar-top seating, a gas cooktop with griddle, and double ovens. Granite countertops add both style and functionality. The spacious primary suite includes a large walk-in closet, while the second story features charming dormer windows that fill the space with natural light. A generous loft area provides flexible space for an office, media room, studio, or additional living area. Outdoor living is equally impressive, with a large covered patio and traditional kiva fireplace overlooking mature gardens, pear and peach trees, and open natural surroundings. Birds and butterflies are frequent visitors, creating a peaceful and picturesque retreat. A community irrigation system is available for connection should the new owner choose to utilize it. Recent improvements include the replacement of the flat roof, gas water heater and associated piping, and all exterior stucco on the home. Solar panels help keep electric bills low, while instant hot water and a comfortable, flexible layout make this home ideal for effortless everyday living and entertaining.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

6/10
Milagro Middle SchoolGrades 7-83.4 mi
--
Santa Fe EngageGrades 9-122.2 mi

Construction

Condition

  • Year built: 2008

Materials

  • Foundation: Slab
  • Roof: Flat,Membrane,Metal,Pitched
  • Construction materials: Frame,Stucco

Other

  • Builder name: Life Style Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary,Territorial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Gas Cooktop,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Purifier,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Beamed Ceilings,Interior Steps
  • Window features: Insulated Windows
  • Flooring: Carpet,Concrete,Other,See Remarks,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Kiva
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Hot Water,Radiant Floor,Radiant
  • Cooling features: Refrigerated,Window Unit(s)

Interior Area

  • Total structure area: 2,821
  • Total interior livable area: 2,821 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 910015213
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 2,501-3,000

Lot

  • Lot size: 0.28 Acres

Parking

  • Total spaces: 6
  • Parking features: Attached,Direct Access,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Wildfire
Winter Weather
Earthquake
Inland Flooding

FEMA Declared Disasters in Santa Fe County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

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

MonthlyAnnual
Mortgage $4,121$49,452
Home Insurance *$204$2,448
Property Taxes $391$4,692
Electricity $200$2,406
Total$4,916$58,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$168,548/yr
40% on housing$147,480/yr
45% on housing$131,093/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

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.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$289This listing

vs Other Active Listings

Avg $/sqft

ZIP 87508$296
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87508$337
Santa Fe County$337

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

DateEventPrice
2026-07-17Listed for sale$815,000
2015-09-05Listing removed$425,000
2015-05-06Price change$425,000
2015-04-07Listed for sale$448,000
2013-08-01Listing removed$439,000
2013-01-25Listed for sale$439,000
2012-12-01Listing removed$429,000
2012-10-18Price change$429,000
2012-08-02Price change$455,000
2012-03-24Price change$472,000
2012-01-24Listed for sale$485,000

For Sale by Agent

AgentMonica McLin
BrokerageKeller Williams Realty

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