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0 Grateful Way, Cerrillos, NM, 87010

--beds
1baths
314sqft
$650,000
$2,070price/sqft
$4,112/moest. monthly cost
$164,480/yrincome needed

About This Home

Two hundred and thirty mountain top acres with a PVC dome featuring all modern conveniences near Madrid. On two lots with two wells, this private getaway awaits the adventurous soul who wants to get above it all while still being connected. With 360 degree views from the mountain top, and the dome sited on a slope with amazing views of the Sangre de Cristo's, buyers will find this to be an incomparable view property. This far out, the Milky Way will shine bright, and the wood fired hot tub is the perfect place to stargaze from after a day of exploring the mountain. The dome has a small kitchen, bathroom, loft storage area, mini-split for heating and cooling, a luxurious glamping hideout or a cozy full time home. The solar system is modern and robust, and sewage is handled by an innovative bio-gas system. Closer than it feels, the property is just a half mile from the pavement, but that half mile is a steep and rocky climb, and a 4x4 with some clearance is recommended.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

6/10
Milagro Middle SchoolGrades 7-822.9 mi
--
Santa Fe EngageGrades 9-1220.3 mi

Construction

Condition

  • Year built: 2024

Materials

  • Foundation: Permanent
  • Roof: Other,See Remarks
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other,See Remarks
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • No Interior Steps
  • Flooring: Tile
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Wood BurningStove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Ductless,Wood Stove
  • Cooling features: Ductless,Refrigerated

Interior Area

  • Total structure area: 314
  • Total interior livable area: 314 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 76004290
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Horses can be raised: Yes
  • Living area range: 1-500

Lot

  • Lot size: 230 Acres

Parking

  • Total spaces: 12
  • Parking features: None

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

  • Wildfire
    WildfireRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Wildfire
Inland Flooding
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 $3,286$39,432
Home Insurance *$435$5,220
Property Taxes $243$2,916
Electricity $148$1,780
Total$4,112$49,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,982/yr
40% on housing$123,360/yr
45% on housing$109,653/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

$2,070This listing

vs Other Active Listings

Avg $/sqft

ZIP 87010$222
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87010$303
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)

No zestimate history available

Price History

DateEventPrice
2026-02-11Price change$650,000
2025-05-12Listed for sale$799,000
2022-04-06Sold--
2022-03-09Pending sale$240,000
2021-08-01Price change$240,000
2020-07-27Listed for sale$266,000
2019-06-19Listing removed$395,000
2018-04-12Price change$395,000
2014-12-03Listed for sale$475,000

For Sale by Agent

AgentMichael S. Sanford
BrokerageBarker Realty, LLC

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