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1 Encantado Loop, Santa Fe, NM, 87508

2beds
2baths
1,250sqft
$475,000
$380price/sqft
$2,932/moest. monthly cost
$117,280/yrincome needed

About This Home

Experience the ease and beauty of Eldorado living in this well-maintained 2 bedroom, 2 bathroom, 1,250 sq ft home perfectly positioned on a spacious corner lot. With classic Santa Fe charm and the peaceful, wide-open feel on a large 2 acre lot that defines the Eldorado community, this property offers comfort, privacy, and everyday livability. Property Highlights 2 Bedrooms • 2 Bathrooms • 1,250 Sq Ft — A functional, efficient layout ideal for full-time living or a low-maintenance retreat. Includes Big passive solar windows to draw in the heat in the winter and the amazing southern and Western views all year round. The home is fantastically landscaped in the back yard with a fenced in flagstone patio. Property backs up to greenbelt for extra space! Bright, Inviting Living Spaces — Natural light, warm finishes, and a comfortable flow create a welcoming atmosphere. Well-Designed and simple Kitchen & Dining — Practical workspace and easy access to indoor/outdoor living. Also includes brick flooring and remodeled bathrooms. Generous Corner Lot — Room to garden, entertain, or simply enjoy the mountain views and starry skies. Sought-After Eldorado Amenities — Community pool, clubhouse, parks, dog park, miles of greenbelt trails, and nearby shopping and dining. A Great Eldorado Opportunity With its desirable location, manageable size, and classic Santa Fe character, 1 Encantado Loop is an excellent value for buyers seeking the Eldorado lifestyle just minutes from town.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

9/10
--
Santa Fe EngageGrades 9-126.6 mi

Construction

Condition

  • Year built: 1987

Materials

  • Roof: Flat
  • Construction materials: Frame

Type & Style

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

Interior

Bedrooms & Bathrooms

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

Features

  • Interior Steps
  • Flooring: Brick
  • Number of fireplaces: 1
  • Fireplace features: Pellet Stove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Passive Solar,Pellet Stove,Radiant Floor
  • Cooling features: Refrigerated,Window Unit(s)

Interior Area

  • Total structure area: 1,250
  • Total interior livable area: 1,250 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 124623959
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 1,001-1,250

Lot

  • Lot size: 2.04 Acres

Parking

  • Total spaces: 8
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Lightning
Wildfire
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 $2,401$28,812
Home Insurance *$119$1,428
Property Taxes $264$3,168
Electricity $148$1,780
Total$2,932$35,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,525/yr
40% on housing$87,960/yr
45% on housing$78,186/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

$380This listing

vs Other Active Listings

Avg $/sqft

ZIP 87508$297
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
2026-07-19Price change$475,000
2026-06-23Price change$514,900
2026-06-06Listed for sale$529,000
2016-05-20Sold--
2016-04-16Pending sale$252,500
2016-04-13Listed for sale$252,500
2014-11-06Listing removed$232,300
2014-08-07Price change$232,300
2014-07-01Price change$239,000
2014-06-12Price change$242,000
2014-04-16Listed for sale$249,000
2011-06-09Sold--
2011-04-17Price change$215,900
2010-12-08Price change$237,000
2010-11-04Price change$249,900
2010-08-21Price change$259,000
2010-07-25Price change$264,000
2010-06-03Listed for sale$274,000

For Sale by Agent

AgentPhillip Varela
BrokerageVarela Real Estate, Inc.

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