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Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1931
  • 0.16 Acre Lot
  • Waterfront
  • 135 days on Market

  • Bedrooms
    1
  • Bathrooms
    1 full · 1 half
  • Year Built
    1931
  • Architectural Style
    Bungalow
  • Construction Materials
    Cement Siding, Block, Concrete
  • Parking Features
    None
  • Living Area
    1362.0
  • Appliances
    Dryer, Microwave, Refrigerator, Washer, Range, Gas Cooktop, Oven, Gas Water Heater, Water Heater
  • Flooring
    Wood, Stone
  • Cooling
    Heat Pump
  • Heating
    Heat Pump, Propane

  • Acres
    0.16
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • Utilities
    Electricity Available

  • County
    Santa Fe
  • City
    Cerrillos
  • Neighborhood
    Madrid Townsite
  • Zip Code
    87010
  • High School
    Santa Fe
  • Middle School
    Milagro
  • Elementary School
    Amy Biehl Community

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Frequently Asked Questions

How do I schedule a tour of 14 Highway #2863 NM?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 14 Highway #2863 NM.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 14 Highway #2863 NM?

Click Ask a Question to talk with our team. You already know it is a 1 bed, 1 bath, listed for $875,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Cerrillos, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 14 Highway #2863 NM?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 14 Highway #2863 NM at around $4,744. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 14 Highway #2863 NM?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Santa Fe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 14 Highway #2863 NM?

In most cases, yes. Whether 14 Highway #2863 NM is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Cerrillos's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 14 Highway #2863 NM?

We can handle that for you. Our preferred local agent specializes in residentials in Cerrillos and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $875,000 with 1,362 sqft of space—that comes out to approximately $642 per square foot.

How long has this property been on the market?

14 Highway #2863 NM was listed on June 26, 2026, which means it's been on the market for 135 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1931, making it approximately 95 years old.

What is the lot size of this property?

14 Highway #2863 NM sits on a 0.16-acre lot, which is 6,970 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Amy Biehl Community
  • Middle: Milagro
  • High: Santa Fe

Want to see how these schools compare? Check out our Santa Fe County School Guide to see ratings, reviews, and more for the schools in the area.

Is 14 Highway #2863 NM still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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Last Updated: November 08, 2026 at 06:53AM | Source: Santa Fe Association of REALTORS | MLS#: 202602542