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155 Calle Ojo Feliz Unit P, Santa Fe, NM, 87505

2beds
2baths
891sqft
$259,000
$291price/sqft
$1,696/moest. monthly cost
$67,840/yrincome needed

About This Home

Welcome to Los Arroyos Compound, where comfort, nature, and convenience come together in one of Santa Fe’s most beloved communities! Tucked within approximately 18 acres of native landscaping, tall grasses, and winding walking trails, this charming 2-BR, 2-bath, 2nd floor condo offers a peaceful retreat minutes from schools, shopping, medical facilities, and downtown Santa Fe. Thoughtfully designed, with a bright, open living and dining area, the home feels airy and welcoming, with separation between bedrooms for privacy. The unit has plenty of closet space and an in-unit washer/dryer. A large balcony creates a spot to unwind on cool evenings, the perfect place for morning coffee, quiet reflection, or simply soaking in Santa Fe’s crisp air. This is a private outdoor space where you’ll enjoy a serene, nature-filled setting that feels worlds away from the bustle of town. Interior skylights and generous windows invite abundant natural light throughout. Brand new LVP flooring was recently installed! There are also tile floors in key areas, fresh finishes, and modern updates enhancing both style and functionality. This home is ideal as a primary or weekend home, or investment. Los Arroyos is known not only for its beautiful grounds but also for its exceptional amenities, including a year-round indoor heated pool, sauna, weight room, community room, tennis and basketball courts, BBQ area, and miles of walking paths. One dedicated off-street parking space is included, with ample guest parking available. The HOA fee conveniently covers baseboard gas heat, water, sewer, trash removal, all amenities, common area maintenance and insurance of the buildings and grounds. Affordable, well-located, and rich in amenities, this inviting home offers a rare opportunity to enjoy the Santa Fe lifestyle with ease, comfort, and peace of mind. If you’ve been searching for a place that truly feels like coming home, Los Arroyos may be exactly what you’ve been waiting for.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

5/10
6/10
Milagro Middle SchoolGrades 7-80.6 mi
--
Santa Fe EngageGrades 9-124.3 mi

Construction

Condition

  • Year built: 1974

Materials

  • Roof: Flat

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary,One Story
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

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

Features

  • No Interior Steps

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: Evaporative Cooling

Interior Area

  • Total structure area: 891
  • Total interior livable area: 891 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 018101597
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association
  • Living area range: 501-1,000

Lot

  • Lot size: 871.20 sqft

Parking

  • Total 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
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Inland Flooding
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 $1,309$15,708
Home Insurance *$86$1,032
Property Taxes $153$1,836
Electricity $148$1,780
Total$1,696$20,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,148/yr
40% on housing$50,880/yr
45% on housing$45,226/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

$291This listing

vs Other Active Listings

Avg $/sqft

ZIP 87505$375
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
2026-04-22Listed for sale$259,000

For Sale by Agent

AgentKathy Mahoney
BrokerageKeller Williams Realty

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