This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette, currently serving as a rental. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity. Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof. The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage, while the guest house features its own stackable washer/dryer. Additional storage is available in the outbuilding and walk-in crawl space. A fenced yard provides shade and a secure space for pets. From the classic front porch, enjoy views of the vibrant historic village and the scenic Turquoise Trail. The location offers easy walkability to restaurants, galleries, and the general store, with Cerrillos State Park nearby and convenient access to both Santa Fe and Albuquerque
For sale
Price cut: $50K (6/12)
$450,000
1 Opera House Rd, Cerrillos, NM 87010
3beds
1,750sqft
Single Family Residence
Built in ----
6,969 Square Feet Lot
$-- Zestimate®
$257/sqft
$2/mo HOA
What's special
Classic front porchOriginal hardwood floorsUpgraded kitchenNewer metal propanel roofGranite countertopsWood stoveGas range
- 181 days |
- 314 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Cynthia C. Sheff 505-470-6114,
Sotheby's Int. RE/Grant 505-988-2533,
Michael S. Sanford 505-916-6644,
Barker Realty, LLC
Source: SFARMLS,MLS#: 202600581
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Propane, Passive Solar, Wood Stove, Wall Furnace
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Refrigerator, Water Heater, Washer
Features
- Interior Steps
- Flooring: Flagstone, Tile, Wood
- Windows: Insulated Windows
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Wood BurningStove
Interior area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
Property
Parking
- Total spaces: 3
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 6,969 Square Feet
Details
- Additional structures: Guest House Detached
- Parcel number: 076004074
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,See Remarks
- Property subtype: Single Family Residence
Materials
- Frame, Other, Wood Siding
- Roof: Metal,Pitched
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: High Speed Internet Available, Electricity Available
Community & HOA
Community
- Subdivision: Madrid Townsite
HOA
- Has HOA: Yes
- Amenities included: Other, See Remarks
- Services included: Common Areas, Road Maintenance
- HOA fee: $20 annually
Location
- Region: Cerrillos
Financial & listing details
- Price per square foot: $257/sqft
- Tax assessed value: $244,863
- Annual tax amount: $1,324
- Date on market: 2/27/2026
- Listing terms: Cash,Conventional,New Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $450,000-10%$257/sqft |
Source:  SFARMLS #202600581 Report a problem | ||
| 2/27/2026 | Listed for sale | $500,000+179.3%$286/sqft |
Source: SFARMLS #202600581 Report a problem | ||
| 4/3/2014 | Listing removed | $179,000$102/sqft |
Source: Santa Fe Properties #201302829 Report a problem | ||
| 10/18/2013 | Listed for sale | $179,000$102/sqft |
Source: Santa Fe Properties #201302829 Report a problem | ||
| 9/16/2013 | Listing removed | $179,000$102/sqft |
Source: Santa Fe Properties #201302829 Report a problem | ||
| 8/15/2013 | Price change | $179,000-1.6%$102/sqft |
Source: Santa Fe Properties #201302829 Report a problem | ||
| 8/2/2013 | Listed for sale | $182,000+10.3%$104/sqft |
Source: Santa Fe Properties #201302829 Report a problem | ||
| 9/16/2011 | Listing removed | $165,000$94/sqft |
Source: Santa Fe Properties #201101970 Report a problem | ||
| 8/13/2011 | Price change | $165,000-7.8%$94/sqft |
Source: Santa Fe Properties #201101970 Report a problem | ||
| 7/16/2011 | Listed for sale | $179,000-5.3%$102/sqft |
Source: Santa Fe Properties #201101970 Report a problem | ||
| 6/9/2011 | Listing removed | $189,000$108/sqft |
Source: Santa Fe Properties #201101970 Report a problem | ||
| 4/27/2011 | Listed for sale | $189,000$108/sqft |
Source: Santa Fe Properties #201101970 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,324 +2.1% | $190,907 +3% |
| 2024 | $1,296 -0.1% | $185,348 +3% |
| 2023 | $1,298 +2.6% | $179,950 +3% |
| 2022 | $1,265 +2% | $174,709 +3% |
| 2021 | $1,240 +2.3% | $169,622 +209% |
| 2020 | $1,213 +2% | $54,894 +3% |
| 2019 | $1,189 +2.7% | $53,296 +3% |
| 2018 | $1,158 | $51,744 +3% |
| 2017 | $1,158 +3.5% | $50,237 +3% |
| 2016 | $1,119 | $48,773 +3% |
| 2015 | $1,119 +8.6% | $47,353 +146.5% |
| 2014 | $1,030 +195.7% | $19,211 |
| 2013 | $348 +1.6% | -- |
| 2012 | $343 -0.9% | -- |
| 2011 | $346 +1% | -- |
| 2010 | $343 +4.6% | -- |
| 2009 | $328 +3.4% | -- |
| 2008 | $317 +1.7% | -- |
| 2005 | $312 +9.3% | -- |
| 2004 | $285 -7.2% | -- |
| 2003 | $307 +5.6% | -- |
| 2002 | $291 -4.5% | -- |
| 2001 | $305 +3.5% | -- |
| 2000 | $294 | $16,739 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87010
Nearby schools
GreatSchools rating
- 4/10Amy Biehl Community School At Rancho ViejoGrades: PK-6Distance: 15.7 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 20.2 mi
Schools provided by the listing agent
- Elementary: Amy Biehl Community
- Middle: Capshaw
- High: Capital
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $219,0001 bd1 ba896 sqft3 Opera House Rd, Cerrillos, NM 87010Off Market
- $371,200-- bd-- ba-- sqft2839 State Highway 14, Cerrillos, NM 87010Off Market
- $52,2000.44 acres9B Backroad, Cerrillos, NM 87010Off Market
- $---- bd-- ba-- sqft25C Backroad, Cerrillos, NM 87010Off Market
- $--1 bd1 ba556 sqft25C Backroad, Madrid, NM 87010Sold
- $163,200-- bd1 ba560 sqft5 Opera House Rd, Cerrillos, NM 87010Off Market
- $38,9385,531 sqftImprovement, Cerrillos, NM 87010Off Market
- $359,3001 bd-- ba776 sqft14 Backroad, Cerrillos, NM 87010Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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