254 Tano Rd, Santa Fe, NM 87506

5.01 acres
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Looking for an easy building site with expansive views to start your dream home? Everything to be loved in Santa Fe can be found here. Outstanding Sangre de Cristo views to the east will have to compete with unobstructed sunset views to the west. This is a 5 acre estate lot that lends itself to build a sprawling, one-level home with little difficulty. There is plenty of space to pin your home in the perfect location to capture panoramic vistas, sunrises and sunsets. To create the perfect horse property or to maximize privacy an additional ten adjacent acres are available for sale. Flat terrain dotted with mature pinon trees make for a scenic walk on the land. This lot includes a one-third share of an approved 3-acre feet, steel cased, drilled well. It also has a pre-moratorium stone lined hand dug well. All utilities are nearby. Covenants in place, horses allowed. In 2020 this lot, comprised of 5 acres will become sub-dividable into 2.5 acre tracts which will make for 2 lots which can be sold off individually or held onto as a whole.  MoreLess
  • 69 days on Zillow
  • MLS #: 201402029
  • Zillow Home ID: 2121827963
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Zillow predicts New Mexico home values will rise 1.7% next year. Among 87506 homes, this home is 48.3% less expensive than the midpoint (median) home, and is priced 79.1% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 87506, the number of foreclosures waiting to be sold is 56.4% lower than in Santa Fe, and 83.8% less than the national average. This lower local number could help 87506 home values rise more quickly than other regions in Santa Fe.

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