506 Barela Ln, Santa Fe, NM, 87505
About This Home
Rare Opportunity – Two Charming Santa Fe Homes on One Property! Discover a unique chance to own two adorable homes in the heart of Santa Fe, each full of authentic Santa Fe charm. Whether you're looking for a smart investment opportunity, a multi-generational living setup, or the chance to live in one and rent the other, this property offers endless potential. Main House: 3 Bedrooms | 1 Bathroom Bright and inviting kitchen High ceilings for an open, airy feel Welcoming front porch and fenced yard—perfect for relaxing or entertaining Guest House: 2 Bedrooms | 1 Bathroom Cozy and charming with a beautiful fireplace A perfect rental, guest suite, or studio space Opportunities like this don’t come along often—live the Santa Fe lifestyle while making a smart investment! Schedule your private showing today!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1984
Materials
- Foundation: Slab
- Roof: Metal,Shingle
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Architectural style: Pueblo
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Interior Steps
- Flooring: Tile
- Number of fireplaces: 2
- Fireplace features: Wood Burning Stove
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Refrigerated,Window Unit(s)
Interior Area
- Total structure area: 2,202
- Total interior livable area: 2,202 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 010185600
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Living area range: 1,001-1,250
Lot
- Lot size: 0.36 Acres
Parking
- Total spaces: 4
- 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
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Fe 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 | $4,955 | $59,460 |
| Home Insurance * | $328 | $3,936 |
| Property Taxes | $566 | $6,792 |
| Electricity | $156 | $1,878 |
| Total | $6,005 | $72,060 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-29 | Listed for sale | $980,000 |
View on Zillow