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5581 Highway 41, Lamy, NM, 87540

3beds
5baths
5,020sqft
$1,490,000
$297price/sqft
$8,925/moest. monthly cost
$357,000/yrincome needed

About This Home

Built in the 1880s along the Atchison, Topeka & Santa Fe line, this building first served as the Santa Fe Railroad Station and, after 1908, housed railroad crews in Lamy. In 1974, it was lifted from its foundation and moved to 5.93 acres in the Galisteo Basin, where it was given a second act. The setting cannot be manufactured. Neighbors are barely visible. Cerro Pelon Ranch runs 15,000+ acres to the south and west; conservation easements hold sixteen acres to the north; Singleton Ranch stretches ten thousand more east. Views run a full 360 degrees from every room. This property is outside the Village of Galisteo, answering only to County code. Taken to its bones in 2019: original redwood framing, wood floors, and beams stayed; wiring, plumbing, well, and septic were replaced. Corrugated Galvalume wraps the original redwood siding, and the original Gothic Arch tile roof remains overhead. Industrial farmhouse vibes give this home a comfortable but contemporary feel. The main house is 2,311 sq ft on one level, with two bedrooms and 1 full and 1 three-quarter bath; the flex space is being used as an office. A patio greets you on the east; the west portal is where the sunsets happen. A 2023–24 expansion added a dressing room and a den off the primary that is stubbed for gas if you want to add a fireplace. The detached 880 sq ft guest house, dubbed the View Shed, is one bedroom, one three-quarter bath, with westward views. The final building is 1,749 sq ft of heated space, featuring a gallery below with two studios above. This building also has insulated art storage, a work sink, small gym space, an oversized garage, and an entertaining courtyard that can be wired for string lights. There is also a 2nd-floor, west-facing view deck. This home is on a private well with cistern backup. Most spaces are heated and cooled by ductless mini-splits; there are underground utilities, a new septic with additional space if needed, 2 large exterior storage areas, and a 2024 buried propane tank. Horses allowed.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

9/10
El Dorado Community SchoolGrades PK-816.0 mi
--
Santa Fe EngageGrades 9-1223.3 mi

Construction

Condition

  • Year built: 1952

Materials

  • Foundation: Permanent,Slab
  • Roof: Metal,Other,Pitched,See Remarks,Tile
  • Construction materials: Frame,Metal Siding,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary,Other,See Remarks
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Cooktop,Gas Water Heater,Oven,Range,Refrigerator,Water Purifier

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 1
  • 3/4 bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Interior Steps
  • Window features: Insulated Windows
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: Ductless,Electric
  • Cooling features: Ductless,Refrigerated

Interior Area

  • Total structure area: 5,020
  • Total interior livable area: 5,020 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 106001900
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: Horse Facilities
  • Horses can be raised: Yes
  • Living area range: 2,001-2,500

Lot

  • Lot size: 5.93 Acres

Parking

  • Total spaces: 10
  • Parking features: Attached,Detached,Garage
  • 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
    WildfireRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Wildfire
Inland Flooding
Lightning
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 $7,534$90,408
Home Insurance *$477$5,724
Property Taxes $558$6,696
Electricity $356$4,283
Total$8,925$107,100
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$306,000/yr
40% on housing$267,750/yr
45% on housing$238,000/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

$297This listing

vs Other Active Listings

Avg $/sqft

ZIP 87540$314
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87540$328
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
2026-07-24Listed for sale$1,490,000

For Sale by Agent

AgentBeth Caldarello
BrokerageThe Agency Santa Fe

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