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11 Virginia Ln, Santa Fe, NM, 87508

4beds
4baths
4,076sqft
$699,000
$171price/sqft
$4,367/moest. monthly cost
$174,680/yrincome needed

About This Home

Experience Northern New Mexico living at its finest on this exceptional 2.5-acre property featuring a spacious 4-bedroom, 2¾-bath, 2,800 sq ft main home and a fully equipped 3-bedroom, 2-bath manufactured guest house. The impressive, custom-built main residence highlights timeless Southwest charm with plaster walls, vigas, a kiva fireplace, beautiful artistic touches, and warm, inviting living spaces. Sustainable living is built right in with a fully paid-off solar panel system, offering energy efficiency and long-term savings. Outdoors, enjoy incredible views of the mountains, peaceful moments by the tranquil koi pond, or explore the expansive grounds. You can also take advantage of the versatile detached shop/garage—ideal for projects, hobbies, or additional storage. An exceptionally productive private well provides reliable water for both homes and the acreage, enhancing the property’s self-sufficiency. Potentially providing as high as 40 to 50 gallons per minute, the pump has been governed to produce at 25 GPM, which easily accounts for any residential, or even livestock need. Additionally, an in-ground 1200 gallon tank provides water to the pressure tanks through an automatic softener. Water is absolutely not an issue at this incredible property. Perfect for multi-generational living, rental income, or extended-stay guests, this rare offering blends comfort, functionality, ample space, and true Southwest appeal. Schedule your private tour today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

6/10
Milagro Middle SchoolGrades 7-810.8 mi
--
Santa Fe EngageGrades 9-128.9 mi

Construction

Condition

  • Year built: 1989

Materials

  • Roof: Flat
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Northern New Mexico
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Microwave

Bedrooms & Bathrooms

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

Features

  • Interior Steps
  • Flooring: Tile
  • Number of fireplaces: 1
  • Fireplace features: Kiva
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: Evaporative Cooling,None

Interior Area

  • Total structure area: 4,076
  • Total interior livable area: 4,076 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 068700634
  • Zoning description: SRES
  • Special condition: Standard

Features

  • Levels: Multi/Split
  • Living area range: 2,501-3,000

Lot

  • Lot size: 2.50 Acres

Parking

  • Total spaces: 10
  • 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

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

How This Home’s Risks Compare

Wildfire
Inland Flooding
Lightning
Winter Weather

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 $3,534$42,408
Home Insurance *$175$2,100
Property Taxes $369$4,428
Electricity $289$3,477
Total$4,367$52,404
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$149,725/yr
40% on housing$131,010/yr
45% on housing$116,453/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

$171This listing

vs Other Active Listings

Avg $/sqft

ZIP 87508$298
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87508$337
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
2026-04-29Price change$749,900
2026-03-11Price change$799,000
2025-12-02Listed for sale$850,000
2012-05-23Listing removed$339,000
2012-03-20Listed for sale$339,000
2012-01-18Listing removed$339,000
2011-11-10Listed for sale$339,000
2011-08-31Listing removed$339,000
2010-12-11Price change$339,000
2010-10-10Price change$350,000
2010-07-29Listed for sale$369,000

For Sale by Agent

AgentKen R. Martinez
BrokerageKeller Williams Realty

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