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1311 S Saint Francis Dr, Santa Fe, NM, 87505

3beds
2baths
1,636sqft
$367,500
$225price/sqft
$2,321/moest. monthly cost
$92,840/yrincome needed

About This Home

Positioned along one of Santa Fe’s most visible and sought-after corridors, this rare investor opportunity is packed with potential. Located at 1311 S Saint Francis Drive, this AS-IS property offers a unique chance to renovate, redevelop, or reposition a centrally located asset in one of the city’s most active growth areas. The home has been substantially cleared out and is ready for transformation, creating a true blank canvas for investors, contractors, flippers, or owner-users with vision. Flexible residential/multifamily zoning with possible commercial potential (buyer to verify) adds exceptional versatility and long-term upside. Surrounded by established businesses, residential neighborhoods, and just minutes from downtown Santa Fe, government offices, shopping, dining, and major commuter routes, the location alone makes this property stand out. Opportunities with this level of visibility, accessibility, and future potential are becoming increasingly difficult to find in Santa Fe. Whether your goal is a custom renovation, income-producing investment, live/work concept, or long-term hold, this property offers the foundation to bring your vision to life. Property is being sold strictly AS-IS. Seller makes no warranties or representations regarding condition, zoning, or permitted use. Buyer to conduct all due diligence and verify all information independently.

Getting Around

73
WalkingVery Walkable
0
TransitVery Limited Transit
56
BikeBikeable

Schools

5/10
6/10
Milagro Middle SchoolGrades 7-81.5 mi
--
Santa Fe EngageGrades 9-124.2 mi

Construction

Condition

  • Year built: 1967

Materials

  • Roof: Metal

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • No Interior Steps
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,636
  • Total interior livable area: 1,636 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 010081152
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 1,501-1,750

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 3
  • Parking features: None

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

  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Lightning
Wildfire

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 $1,858$22,296
Home Insurance *$123$1,476
Property Taxes $192$2,304
Electricity $148$1,780
Total$2,321$27,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,577/yr
40% on housing$69,630/yr
45% on housing$61,893/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

$225This listing

vs Other Active Listings

Avg $/sqft

ZIP 87505$374
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87505$345
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
2026-05-09Listed for sale$399,000
2026-04-23Sold--
2026-04-14Pending sale$339,990
2026-04-11Listed for sale$339,990

For Sale by Agent

AgentDevon Rivera
BrokerageEXP Realty

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