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4136 NM Highway 68 Unit A, Ranchos De Taos, NM, 87557

1beds
2baths
3,290sqft
$749,999
$228price/sqft
$4,579/moest. monthly cost
$183,160/yrincome needed

About This Home

The El Cortez Theatre in Ranchos de Taos is more than just a building, it is a portal into one of the most magical and creatively charged chapters of Taos history. Originally reimagined by the community in the 1940s as a neighborhood cinema for Spanish-language films, the adobe structure stood quietly at the corner of the Ranchos de Taos Plaza, evolving alongside the community it served. By 1969, it was recognized as a theatre in the documents that placed the Ranchos Plaza on the National Register of Historic Places. In 1970, fresh off the success of Easy Rider and while editing his groundbreaking film The Last Movie, Dennis Hopper purchased the theatre and infused it with a new purpose. Alongside his brother David Hopper and a talented group of local craftsmen and artists, the El Cortez was transformed into something far greater than a cinema, a place for gathering, dreaming, creating, and sharing ideas. Its hand-plastered adobe walls, intricate woodwork, and design became a reflection of the artistic energy that defined Hopper's years in Taos. Many other well known talented artist and musicians have played and painted in this incredible space. Today, that same spirit lives on within the 3,290 square foot space. The theatre's unparalleled acoustics and expansive open floor plan create endless possibilities, whether envisioned as a performance venue, private residence, dance hall, studio, gallery, or event space. Many well known talented artist and musicians have graced it’s halls in recent years. Fifty original theatre seats remain as a tribute to its cinematic roots, while the vast open floor provides room for a substantial dance floor, creative workspace, or gathering area. Upon entering the home, nothing prepares you for the soaring 20' ceilings and grand space of the theatre once you walk through the double wood doors. No modern amenity is forgotten as the property features a well appointed kitchen, two bathrooms, and an upstairs primary suite overlooking the theatre below. From this unique vantage point, the suite captures the grandeur of the space while offering a private retreat complete with a walk-in closet, private rooftop terrace, and kiva fireplace. The El Cortez has been cemented in history as a meeting place for creativity, conversation, transformation, and beauty. The laughter, music, art, and ideas that once filled the theatre seem to linger within its adobe walls. Rarely does a property come to market that so beautifully blends architectural character and rich history. The El Cortez remains what it has always been: a place where imagination thrives beneath New Mexico's wide and enchanted sky. For those who are boldly seeking something different, this is your opportunity.

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

--
Sped DisciplineGrades 1-121.8 mi

Construction

Materials

  • Roof: Bitumen,Flat
  • Construction materials: Adobe,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Pueblo
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Freezer,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Washer
  • Laundry features: Washer Hookup,Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Beamed Ceilings,Other
  • Window features: Insulated Windows,Skylight(s),Wood Frames
  • Flooring: Other,Tile,Wood
  • Number of fireplaces: 2
  • Fireplace features: Two,Living Room,Primary Bedroom
  • Fireplace: Yes

Heating

  • Heating features: Forced Air,Fireplace(s)

Interior Area

  • Total structure area: 3,290
  • Total interior livable area: 3,290 sqft

Property

Details

  • Zoning description: County

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Porch
  • Waterfront features: None
  • Residential vegetation: Other

Lot

  • Lot size: 3,484 sqft
  • Features: Xeriscape

Parking

  • Total spaces: 1
  • Parking features: Attached Carport
  • Covered spaces: 1
  • 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

  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Avalanche
    AvalancheModerate
  • Cold Wave
    Cold WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Inland Flooding
Avalanche
Cold Wave
Wildfire

FEMA Declared Disasters in Taos 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 $3,792$45,504
Home Insurance *$342$4,104
Property Taxes $212$2,544
Electricity $233$2,806
Total$4,579$54,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$156,994/yr
40% on housing$137,370/yr
45% on housing$122,106/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: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -5.9%
-5.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$228This listing

vs Other Active Listings

Avg $/sqft

ZIP 87557$345
Taos County$312

vs Homes Sold Last Month

Median $/sqft

ZIP 87557$304
Taos County$285

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
2026-06-01Listed for sale$749,999

For Sale by Agent

AgentGabriel Traister
BrokerageColdwell Banker Mountain Properties

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