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850 State Highway 599, Santa Fe, NM, 87507

6beds
4baths
3,034sqft
$1,135,000
$374price/sqft
$6,696/moest. monthly cost
$267,840/yrincome needed

About This Home

Income-Producing Airbnb | 6 Bedrooms | 3,034 Sq Ft | 2.41 Acres A rare opportunity to acquire a beautifully crafted Santa Fe residence currently operating as a successful income-producing Airbnb. This spacious 6-bedroom home blends traditional Pueblo-style architecture with modern comfort, offering both immediate cash flow and long-term value on over 2.41 acres of serene land. Property includes 3,034 sq ft of living area with 6 Bedrooms, 3.5 Bathrooms, 2 Car Garage, with a desirable floor plan and lots of amenities including Radiant heat, Private well, Custom Pueblo-style design with elegant finishes all on one level, Two cozy Kiva fireplaces for authentic Santa Fe ambiance, Expansive outdoor space with a gazebo and mountain views, Tile roof, stucco exterior, and quality construction, and RV access. Peaceful setting just minutes from Santa Fe Plaza, hiking trails, golf, and parks. Investment Appeal: Currently operating as a high-performing Airbnb with strong occupancy, Turnkey setup ideal for investors seeking immediate revenue or homeowners who love space. Strong short-term rental demand in the Santa Fe market.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

6/10
Milagro Middle SchoolGrades 7-87.2 mi
--
Santa Fe EngageGrades 9-123.6 mi

Construction

Condition

  • Year built: 2008

Materials

  • Roof: Pitched,Tile
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Pueblo,One Story,Spanish
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • No Interior Steps
  • Number of fireplaces: 2
  • Fireplace features: Kiva
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: Evaporative Cooling,None

Interior Area

  • Total structure area: 3,034
  • Total interior livable area: 3,034 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 058310893
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 3,001-4,000

Lot

  • Lot size: 2.41 Acres

Parking

  • Total spaces: 8
  • Parking features: Attached,Direct Access,Garage,RV Access/Parking
  • 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

  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Wildfire
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 $5,739$68,868
Home Insurance *$317$3,804
Property Taxes $425$5,100
Electricity $215$2,588
Total$6,696$80,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$229,577/yr
40% on housing$200,880/yr
45% on housing$178,560/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

$374This listing

vs Other Active Listings

Avg $/sqft

ZIP 87507$281
Santa Fe County$365

vs Homes Sold Last Month

Median $/sqft

ZIP 87507$322
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
2026-07-07Price change$1,135,000
2026-06-01Listed for sale$1,189,000
2026-03-13Listing removed$1,250,000
2025-03-05Listed for sale$1,250,000

For Sale by Agent

AgentPhillip Varela
BrokerageVarela Real Estate, Inc.

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