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28 Skating Pond Rd, Montezuma, NM, 87731

3beds
1baths
1,232sqft
$495,000
$402price/sqft
$3,802/moest. monthly cost
$152,080/yrincome needed

About This Home

The two houses at Casa Gratitude will make your heart sing! Passive solar! This authentic adobe northern New Mexico gem has been lovingly handworked since the late 1970s by the current owners, and consists of a 3 bedroom 1 bath main home and a 1 bedroom, 1 bathroom guest house. Located in Montezuma, just minutes from Las Vegas, the property overlooks the Gallinas River and dramatic rock face, and is moments from the Hot Springs and the UWC. The main house was designed by an architect to take advantage of the original existing adobe structure and incorporate passive solar gain. Dramatic lofted living room and greenhouse space, exposed beams, wood, brick and stone flooring, lovely country kitchen with antique wood cookstove and easy flow to the beautiful outdoor living spaces. The guest house - currently being used by the owner as an artist studio! - features exposed vigas, bay window, and attached greenhouse. City water serves the houses, plus the owners drilled an additional well (not currently in use) in 2014 allowing for additional gardening and landscape possibilities! Such a lovely, versatile property - schedule to take a look today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

4/10
Memorial MiddleGrades 7-85.8 mi
4/10
Robertson High SchoolGrades 9-125.8 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Metal,Pitched
  • Construction materials: Frame,Stucco

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Loft
  • Flooring: Vinyl
  • Number of fireplaces: 2
  • Fireplace: Yes

Heating

  • Heating features: Propane,Solar,Space Heater,Wood Stove

Interior Area

  • Total structure area: 1,232
  • Total interior livable area: 1,232 sqft

Property

Details

  • Parcel number: R0652989 & R0464160

Features

  • Topography of land: Irregular Lot

Lot

  • Lot size: 0.69 Acres

Parking

  • Total spaces: 3
  • Parking features: Garage,Carport
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 3
  • Carport: Yes
  • Carport spaces: 1

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
    Inland FloodingRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Winter Weather
Lightning

FEMA Declared Disasters in San Miguel 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 $2,502$30,024
Home Insurance *$247$2,964
Property Taxes $905$10,860
Electricity $148$1,780
Total$3,802$45,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,354/yr
40% on housing$114,060/yr
45% on housing$101,386/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: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.8%
5.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$402This listing

vs Other Active Listings

Avg $/sqft

ZIP 87731$133
San Miguel County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 87731$229
San Miguel County$215

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
2026-07-18Listed for sale$495,000

For Sale by Agent

AgentElizabeth A Demare
BrokerageHome & Land Professionals

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