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604 W Alameda St, Santa Fe, NM, 87501

2beds
1baths
1,391sqft
$800,000
$575price/sqft
$4,805/moest. monthly cost
$192,200/yrincome needed

About This Home

In one of Santa Fe's coveted historic corridors, across from the Santa Fe River, minutes from the Plaza, this home offers an exceptional opportunity to acquire a rare double-lot adobe estate. Price includes adjacent .25 acre lot. Spanning about .34 acres across two parcels, warmth and traditional design blend with the potential for a truly bespoke compound in the heart of the city. The size of this lot, so close to downtown Santa Fe is very rare and amazing. The opportunities are endless. There is no HOA. You could add a structure, park an RV, expand the garden, park a horse trailer, or build a casita. This 1,391-sq ft home designed with a modest footprint was constructed in 1940, this home carries the patina of time—original details, generous ceiling heights, and the warm adobe-era bones that Santa Fe lovers covet, surrounded by ample space. The home itself is steeped in character, showcasing timeless wood and tile floors, a gas cooking range, and a gracious floor plan that reflects the spirit of historic Santa Fe. A welcoming covered porch sets the tone for intimate gatherings or quiet moments of reflection, while the expansive fenced yard provides a private sanctuary, ideal for curated gardens, outdoor dining under the stars, or future architectural visions. Recent upgrades, including new sewer lines, ensure the residence is well prepared for its next chapter. The presence of a 2 car garage adds a touch of convenience rarely found in this location. Yet it is the land itself—a true rarity in this highly prized area—that sets the stage for limitless possibilities, all within a short stroll of world-class galleries, fine dining, schools, shopping, and the cultural vibrancy of downtown Santa Fe. Whether you seek a charming adobe residence or a strategic investment, this represents more than a home; it is a heritage investment. The authentic adobe, expansive grounds, and incredible location offers so much opportunity!

Getting Around

88
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

6/10
Milagro Middle SchoolGrades 7-82.9 mi
--
Santa Fe EngageGrades 9-125.4 mi

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Flat

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Interior Steps

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: Other,See Remarks

Interior Area

  • Total structure area: 1,391
  • Total interior livable area: 1,391 sqft

Property

Details

  • Parcel number: 099305445
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 1,251-1,500

Lot

  • Lot size: 4,356 sqft

Parking

  • Total spaces: 10
  • Parking features: Detached,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
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Winter Weather

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 $4,045$48,540
Home Insurance *$212$2,544
Property Taxes $400$4,800
Electricity $148$1,780
Total$4,805$57,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,742/yr
40% on housing$144,150/yr
45% on housing$128,133/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

$575This listing

vs Other Active Listings

Avg $/sqft

ZIP 87501$484
Santa Fe County$365

vs Homes Sold Last Month

Median $/sqft

ZIP 87501$468
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
2025-09-27Listed for sale$875,000

For Sale by Agent

AgentAndrea Dobyns
BrokerageEXP Realty Santa Fe

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