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2208 Paseo Primero, Santa Fe, NM, 87501

4beds
4baths
3,626sqft
$2,300,000
$634price/sqft
$13,693/moest. monthly cost
$547,720/yrincome needed

About This Home

Rare Santa Fe find and truly one of a kind. Tucked into Hyde Park Estates directly across from Ten Thousand Waves, this magical 1.1-acre “Paradise in the Trees” offers the feeling of a private mountain retreat just minutes from downtown Santa Fe, trailheads, the Plaza and Ski Santa Fe. Beautifully maintained and upgraded in all the right ways, the property includes a 3 BD / 2 3/4 BA main house plus a charming Betty Stewart-style 1 BD / 1 BA guest house with its own private entry, living, kitchen, dining, laundry, garage and private portal. The 2,515 sq ft main house opens through impressive French wrought iron doors to warm, light-filled interiors with vigas, skylights, fireplaces, and an inviting open kitchen/dining area. The 1,017 sq ft casita offers wonderful flexibility for guests, studio space or potential rental use, with new floors, radiant heat, updated plumbing and a tankless water heater. The grounds are enchanting, with mature trees, stone paths, grassy areas, lush gardens, upgraded patios, Trex decking, stone walls, decorative wrought iron, new stucco on the main house and surrounding wall, and beautifully maintained outdoor spaces. Recent improvements include county-filtered water to both homes, updated tankless water heaters, radiant heat, 200-amp electrical upgrade, conduit to the roof for future AC, glass skylights, upgraded exterior lighting, roof improvements, snow-melt roof wires at the main house, and an enclosed wood-burning fireplace. No HOA fees. A rare and soulful Santa Fe property where privacy, beauty, character and location come together.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

9/10
Atalaya Elementary SchoolGrades PK-63.2 mi
6/10
Milagro Middle SchoolGrades 7-86.0 mi
--
Santa Fe EngageGrades 9-129.2 mi

Construction

Condition

  • Year built: 1987

Materials

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

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Oven,Range

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Interior Steps
  • Flooring: Carpet,Flagstone,Tile,Wood
  • Number of fireplaces: 4
  • Fireplace features: Kiva,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Hot Water,Propane,Radiant Floor
  • Cooling features: None,Other,See Remarks

Interior Area

  • Total structure area: 3,626
  • Total interior livable area: 3,626 sqft

Property

Accessibility

  • Accessibility features: Not ADA Compliant

Details

  • Parcel number: 910018423
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Living area range: 2,501-3,000

Lot

  • Lot size: 1.14 Acres

Parking

  • Total spaces: 8
  • Parking features: Attached,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered 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

  • 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 $11,630$139,560
Home Insurance *$611$7,332
Property Taxes $1,195$14,340
Electricity $257$3,093
Total$13,693$164,316
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$469,474/yr
40% on housing$410,790/yr
45% on housing$365,146/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

$634This listing

vs Other Active Listings

Avg $/sqft

ZIP 87501$479
Santa Fe County$364

vs Homes Sold Last Month

Median $/sqft

ZIP 87501$468
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
2026-07-02Listed for sale$2,300,000
2022-07-22Sold--
2022-06-21Pending sale$1,750,000
2022-06-10Listed for sale$1,750,000
2014-01-07Listing removed$1,350,000
2013-06-13Price change$1,350,000
2013-05-29Price change$1,300,000
2013-02-12Price change$1,400,000
2012-07-11Listed for sale$1,450,000

For Sale by Agent

AgentRachele M. Griego
BrokerageSotheby's Int. RE/Grant

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