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139 Old Lamy Trl, Lamy, NM, 87540

1beds
2baths
1,098sqft
$495,000
$451price/sqft
$3,179/moest. monthly cost
$127,160/yrincome needed

About This Home

Charming Lamy Rail House cradled in the heart of northern New Mexico’s historic railway junction! Built in 2001 as an artist studio, this home has, over the years, housed creatives (including a blacksmith and painter) and many visitors of this peaceful, historic town. The 1,098+/- square foot Rail House, zoned Traditional Community, sits on an expansive, 1+ acre directly across from Lamy’s lush wetlands and less traveled train tracks–the Amtrak still passes through twice a day and Sky Railway hosts adventures frequently. Textured concrete floors throughout help tell the story of this gem’s artful history and exposed vaulted ceilings allow light to fill the space. The kitchen, adorned with wood-burning stove, is a wonderful place to gather in between sunrises, sunsets, or dark, starry night skies on either of the two open framed porch spaces. A secluded loft serves to host visitors, lounge or could be bonus storage space. Other notable mentions include sights to the west of the Mission Chapel of Our Lady of light (believed to have been constructed in 1926) from nearly every room of the Rail House. A one minute stroll to the east leads to familiar landmarks including the treasured Legal Tender Saloon and the Lamy Depot. The parcel extends all the way to The Legal Tender–plenty of space to hitch your horse on the hitching post or watch Sky Railway come/go under the tree canopy. Traditional Community Zoning allows for residential and commercial uses. Greater surroundings include convenient access to the spectacular Galisteo Basin Preserve. The Rail Trail’s most recent extension leads travelers from downtown Santa Fe to the Galisteo Basin--plans to extend the path to Lamy’s center are anticipated. Bike, hike or horseback all the way to Santa Fe! Lamy’s mighty history began in 1879 when the Santa Fe Railroad laid its tracks through New Mexico. The Lamy Rail House is the supreme intersection of history, tranquility and charm–-all just 18 miles from downtown Santa Fe!

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

9/10
--
Santa Fe EngageGrades 9-1213.3 mi

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Permanent,Slab
  • Roof: Metal,Pitched
  • Construction materials: Other,Stucco

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Oven,Range,Refrigerator,Water Heater,Washer

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • No Interior Steps
  • Flooring: Concrete
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning Stove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Propane,Wood Stove
  • Cooling features: None

Interior Area

  • Total structure area: 1,098
  • Total interior livable area: 1,098 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 980001504
  • Zoning description: Traditional Community
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Living area range: 1,001-1,250

Lot

  • Lot size: 1.03 Acres

Parking

  • Total spaces: 3

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
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Wildfire
Winter Weather
Inland Flooding

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 $2,502$30,024
Home Insurance *$158$1,896
Property Taxes $371$4,452
Electricity $148$1,780
Total$3,179$38,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,994/yr
40% on housing$95,370/yr
45% on housing$84,773/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

$451This listing

vs Other Active Listings

Avg $/sqft

ZIP 87540$334
Santa Fe County$366

vs Homes Sold Last Month

Median $/sqft

ZIP 87540$328
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
2026-06-22Listed for sale$495,000
2025-02-18Listing removed$648,000
2024-06-11Price change$648,000
2024-04-16Listed for sale$685,000

For Sale by Agent

AgentCatherine Ish
BrokerageBarker Realty, LLC

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