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653 Canyon Rd APT 15, Santa Fe, NM, 87501

2beds
2baths
2,024sqft
$1,198,000
$592price/sqft
$7,222/moest. monthly cost
$288,880/yrincome needed

About This Home

Discover the pinnacle of Santa Fe living at The Compound on Canyon Road. Nestled in the absolute heart of the city’s world-renowned art district, this prime location offers a rare opportunity to join a coveted, intimate community of only 16 exclusive residences. As you enter this gated community, you are greeted by lush, garden-like grounds featuring mature landscaping and a serene atmosphere, all situated perfectly along the banks of the Santa Fe River. Your journey home begins through a privately walled courtyard, where elegant flagstone floors and a classic covered portal provide a peaceful transition from the vibrant galleries nearby. Call for your showing today. Inside, the home offers clean Southwestern charm with classic brick flooring flowing through the living room, dining room, kitchen, and separately, in the office. The living room features high ceilings and large picture-glass windows that frame beautiful views of the courtyard, flooding the space with natural light. The room is anchored by a traditional kiva fireplace, perfect for cozy high-desert evenings. This thoughtfully designed floor plan features 2 bedrooms and 2 updated bathrooms, plus a dedicated office space with ample storage—ideal for the remote professional or creative soul. The kitchen is perfectly functional and ready for immediate use, though it offers a basic canvas for those looking to personalize and upgrade. Complete with a 1-car garage, this home is the ultimate lock-and-leave retreat or full-time residence in one of the most desirable developments in Santa Fe.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

6/10
Milagro Middle SchoolGrades 7-82.8 mi
--
Santa Fe EngageGrades 9-126.1 mi

Construction

Condition

  • Year built: 1973

Materials

  • Foundation: Slab
  • Roof: Flat
  • Construction materials: Frame,Stucco

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Gas Cooktop,Oven,Range,Refrigerator,Washer

Bedrooms & Bathrooms

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

Features

  • Beamed Ceilings,No Interior Steps
  • Flooring: Brick,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Kiva,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s),Natural Gas
  • Cooling features: Central Air,Refrigerated

Interior Area

  • Total structure area: 2,024
  • Total interior livable area: 2,024 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 015254023
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 2,001-2,500

Lot

  • Lot size: 2,613 sqft
  • Features: Drip Irrigation/Bubblers

Parking

  • Total spaces: 1
  • Parking features: Attached,Direct Access,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered 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

  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Wildfire
Winter Weather
Inland Flooding
Lightning

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 $6,057$72,684
Home Insurance *$318$3,816
Property Taxes $699$8,388
Electricity $148$1,780
Total$7,222$86,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$247,611/yr
40% on housing$216,660/yr
45% on housing$192,586/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

$592This listing

vs Other Active Listings

Avg $/sqft

ZIP 87501$480
Santa Fe County$365

vs Homes Sold Last Month

Median $/sqft

ZIP 87501$468
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
2026-04-28Listed for sale$1,198,000
2007-07-20Sold--

For Sale by Agent

AgentJeff Assad
BrokerageBarker Realty, LLC

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