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492 Old Las Vegas Hwy, Santa Fe, NM, 87505

5beds
4baths
4,600sqft
$1,400,000
$304price/sqft
$8,623/moest. monthly cost
$344,920/yrincome needed

About This Home

Bring your horses to this pinon and juniper covered Santa Fe County property close to town! The 10 acre parcel in Los Cerros Negros includes a main house, guest quarters, horse facility and is only 8 miles to the Santa Fe Plaza. The Southwest inspired house and guest quarters feature beautifully handcrafted wood throughout. The air conditioned main house has 3 bedrooms, 3 bathrooms and a sun room. The guest quarters has 2 bedrooms, 1 bathroom and an office. Your green thumb will be delighted with the large sun room in the main house where something can be blooming year round. The guest house could be a mother in law quarters or even an income producing property since it has its own entrance. There is abundant storage with many closets, a pantry, storage area off the covered portal and additional storage in the oversized well house.The horse barn situated away from the house includes a tack room, hay storage and 4 large stalls. Despite the country setting you are minutes away from Harry's Road House, Jambo Bobcat Bite, Cafe Fina and the Eldorado Supermarket. Just down the road is historical Santa Fe with its many dining options, art galleries and museums.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

8/10
Atalaya Elementary SchoolGrades PK-66.9 mi
6/10
Milagro Middle SchoolGrades 7-86.0 mi
--
Santa Fe EngageGrades 9-128.5 mi

Construction

Condition

  • Year built: 1982

Materials

  • Roof: Flat
  • Construction materials: Block,Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Multi-Level
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 2

Features

  • Beamed Ceilings,Interior Steps
  • Flooring: Brick
  • Number of fireplaces: 4
  • Fireplace features: Kiva
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Fireplace(s)
  • Cooling features: Central Air,Refrigerated

Interior Area

  • Total structure area: 4,600
  • Total interior livable area: 4,600 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 125253297
  • Special condition: Standard

Features

  • Levels: Two,Multi/Split
  • Stories: 2
  • Exterior features: Horse Facilities
  • Horses can be raised: Yes
  • Living area range: 3,001-4,000

Lot

  • Lot size: 10.80 Acres

Parking

  • Total spaces: 6
  • 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
  • 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 $7,079$84,948
Home Insurance *$469$5,628
Property Taxes $748$8,976
Electricity $327$3,924
Total$8,623$103,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$295,645/yr
40% on housing$258,690/yr
45% on housing$229,946/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

$304This listing

vs Other Active Listings

Avg $/sqft

ZIP 87505$372
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
2026-05-14Price change$1,400,000
2026-04-16Listed for sale$1,600,000

For Sale by Agent

AgentMaria Martinez
BrokerageVarela Real Estate, Inc.

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