23 County Road 108, Espanola, NM, 87532
About This Home
Income-Producing Compound in Coveted La Mesilla – Main Home + 3-Bed Guest House This beautifully updated private compound in desirable La Mesilla offers the perfect combination of comfortable living and proven income potential. The property features a spacious main house and a fully independent guest house, each with three bedrooms. Both homes have been successfully used for both long-term and short-term rentals, generating solid income. Enjoy a large open yard and plenty of outdoor space across the 1.32-acre lot. Each home has its own private front and back yards, creating excellent separation and privacy. The neighborhood is known for being quiet, safe, and friendly. La Mesilla is one of the most sought-after areas in the Valley, with minute commutes to Los Alamos, Santa Fe, and Abiquiú. Whether you’re looking for a multi-generational home for familia, a personal residence with guest space, or a turn-key investment property, this compound delivers.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1978
Materials
- Foundation: Slab
- Roof: Membrane,Metal,Pitched
Type & Style
- Home type: SingleFamily
- Architectural style: Northern New Mexico
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Features
- No Interior Steps
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: Forced Air,Natural Gas,Radiant
- Cooling features: Ductless,Evaporative Cooling,Refrigerated
Interior Area
- Total structure area: 3,559
- Total interior livable area: 3,559 sqft
Property
Accessibility
- Accessibility features: Accessibility Features
Details
- Parcel number: 1047117140340
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Living area range: 2,001-2,500
Lot
- Lot size: 1.32 Acres
Parking
- Total spaces: 10
- Parking features: Carport
- Carport: 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
- Inland Flooding
- Lightning
- Wildfire
- Cold Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Rio Arriba 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 | $3,868 | $46,416 |
| Home Insurance * | $286 | $3,432 |
| Property Taxes | $1,592 | $19,104 |
| Electricity | $253 | $3,036 |
| Total | $5,999 | $71,988 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $765,000 |
| 2026-03-23 | Price change | $825,000 |
| 2025-05-31 | Listed for sale | $854,000 |
| 2019-11-06 | Sold | -- |
| 2019-09-25 | Pending sale | $299,000 |
| 2019-09-05 | Listed for sale | $299,000 |
| 2019-08-31 | Pending sale | $299,000 |
| 2019-08-14 | Listed for sale | $299,000 |
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