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12518 Highway 60, Magdalena, NM, 87825

1beds
1baths
450sqft
$350,000
$778price/sqft
$2,436/moest. monthly cost
$97,440/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

2/10
Magdalena Elementary SchoolGrades PK-510.4 mi
2/10
Magdalena Middle SchoolGrades 6-810.4 mi
2/10
Magdalena High SchoolGrades 9-1210.4 mi

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
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Hail
Lightning
Wildfire
Winter Weather
Inland Flooding

FEMA Declared Disasters in Socorro 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 $1,769$21,228
Home Insurance *$350$4,200
Property Taxes $169$2,028
Electricity $148$1,780
Total$2,436$29,232
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,520/yr
40% on housing$73,080/yr
45% on housing$64,960/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: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.6%
2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$778This listing

vs Other Active Listings

Avg $/sqft

ZIP 87825$124
Socorro County$143

vs Homes Sold Last Month

Median $/sqft

ZIP 87825
Socorro County$119

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
2026-05-03Listed for sale$444,900

For Sale by Agent

AgentJennifer Lee
BrokerageCatron County Realty

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