707 E Palace Ave APT 11, Santa Fe, NM, 87501
About This Home
Just where you want to be! A quick stroll to the legendary Santa Fe Plaza and arty Canyon Road, this designer’s handsome patio home in the coveted La Vereda Compound on historic Palace Avenue has been meticulously maintained and updated with stylish finishes, elements and conveniences. A private end unit with a glamorous, comfortable, and intelligent floor plan, it is light and bright with high ceilings and 3 privately separated bedroom suites, elegant, and comfortable entertaining spaces inside and out, three fireplaces, and a two car carport. Enjoy relaxing in the secluded, walled, patio courtyard with a kiva fireplace, bancos, and towering old trees above; watch the stars from the expansive treetop deck above with skyline views. Walk to dinner, downtown, the river, museums, and shopping! Lock and leave with this blissfullyeasy lifestyle in a fabulous historic Santa Fe location!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1985
Materials
- Foundation: Slab
- Roof: Other,See Remarks
- Construction materials: Block,Concrete,Stucco
Other
- Builder name: Nichols
Type & Style
- Home type: Condo
- Architectural style: Pueblo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Water Heater,Disposal,Microwave,Refrigerator,Washer
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Features
- Beamed Ceilings,Interior Steps
- Window features: Insulated Windows
- Flooring: Carpet,Tile
- Number of fireplaces: 3
- Fireplace features: Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Baseboard,Ductless,Electric,Passive Solar
- Cooling features: Ductless,Refrigerated
Interior Area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Accessibility
- Accessibility features: Not ADA Compliant
Details
- Parcel number: 018400014
- Special condition: Standard
Features
- Levels: Multi/Split
- Pool features: None
- Living area range: 2,001-2,500
Lot
- Features: Drip Irrigation/Bubblers
Parking
- Total spaces: 2
- Parking features: Carport
- Carport: Yes
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
- 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 | $6,042 | $72,504 |
| Home Insurance * | $317 | $3,804 |
| Property Taxes | $706 | $8,472 |
| Electricity | $153 | $1,842 |
| Total | $7,218 | $86,616 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-10-09 | Price change | $1,195,000 |
| 2025-06-20 | Price change | $1,275,000 |
| 2024-12-20 | Listed for sale | $1,325,000 |
| 2018-11-21 | Listing removed | $779,000 |
| 2018-08-24 | Listed for sale | $779,000 |
| 2010-02-12 | Sold | -- |
| 2009-05-18 | Listing removed | $725,000 |
| 2008-12-26 | Price change | $725,000 |
| 2008-08-22 | Listed for sale | $775,000 |
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