




12518 Highway 60, Magdalena, NM, 87825
About This Home
12518 Hwy 60 offers a rare chance to own a true slice of Southwestern history, an iconic property once home to the Water Canyon Lodge, complete with its former dance hall, restaurant, and even a gas station that served travelers along this storied stretch of highway. Today, the dance hall, adobe building, hotel remnants, and old service station structure still stand as proud reminders of the past, each brimming with character and possibility. The historic dance hall has been thoughtfully adapted to include a guest room, bathroom, cold-storage room, and a generous open area perfect for gatherings, events, or creative reimagining. The cozy studio home formerly the service station building has been transformed into an inviting 450 sq-ft living space featuring a kitchen accented with the original sink from the dance hall, a ¾ bath, sleeping area, and a comfortable sitting nook. A 24-foot RV has also been used as an Airbnb, staying true to the property’s legacy of welcoming weary travelers. Step outside and you’re greeted by sweeping views of surrounding mountain ranges and some of the clearest, most unobstructed night skies in New Mexico. Peach and apricot trees flourish here, alongside a grape arbor, greenhouse, and raised garden bed an ideal environment for outdoor produce growing. For those who crave a deeper connection to the land, an outdoor clawfoot tub sits shaded beneath mature elm trees, offering a peaceful place to soak and unwind. The property is fenced and cross-fenced for livestock, and the old hotel, currently home to a charming herd of goats already has electricity and water plumbed in, making it ripe for restoration or reinvention. Whether you’re drawn by the romance of the Southwest, the entrepreneurial potential, or the desire for a peaceful retreat after long days in the hustle and bustle, this property invites you to bring your vision to life. Opportunities like this don’t come around often—don’t miss your chance to own a piece of New Mexico history with endless potential.
Getting Around
Schools
Construction
Condition
- Year built: 1940
Type & Style
- Home type: SingleFamily
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Interior Area
- Total structure area: 450
- Total interior livable area: 450 sqft
Property
Details
- Parcel number: 0120220014
Lot
- Lot size: 47.50 Acres
Parking
- Parking features: No Garage
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
- Hail
- Lightning
- Wildfire
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Socorro 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 | $1,769 | $21,228 |
| Home Insurance * | $350 | $4,200 |
| Property Taxes | $169 | $2,028 |
| Electricity | $148 | $1,780 |
| Total | $2,436 | $29,232 |
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 |
|---|---|---|
| 2026-05-03 | Listed for sale | $444,900 |
