A charming compound: two homes, a commercial building we call the Sala, and lots of parking space in the village of Ribera provides the perfect live/work opportunity. Live in one home and rent out the other while you operate an art gallery or retail space where the Ribera Farmer's Market has been located. Both homes have that Southwestern Style with vigas, and both have been recently updated with new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, mini splits, wood stove, granite counters, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The second home has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, wood stove, and is fully fenced. It is currently rented for $1,100 per month, and it has its own electric meter. The Sala commercial building is a large adobe and rock building with high ceilings and gorgeous vigas. There is plenty of parking all around, with views of the mesa and close to I-25 for a 20 minute drive to Las Vegas NM or 40 minutes to Santa Fe. Villanueva State Park is just down the road with camping and hiking. This beautiful New Mexico style compound has income and space to live and work in a beautiful environment! Be sure to watch both video tours in the video links.
For sale
Price cut: $80K (7/14)
$499,000
203 State Highway 3, Ribera, NM 87560
--beds
--baths
4,670sqft
Single Family Residence
Built in 1935
0.86 Acres Lot
$-- Zestimate®
$107/sqft
$-- HOA
What's special
Laundry roomGranite countersFully fencedHigh ceilingsViews of the mesaGorgeous vigasCovered portal porch
- 149 days
- 102
- 5
Zillow last checked:
Listing updated:
Listed by:
Kitty Ballard-Ryan 505-670-9621,
Berkshire Hathaway HomeService 505-982-0330
Source: SFARMLS,MLS#: 202601555
Originating MLS: Santa Fe Association of REALTORS
Facts & features
Interior
Heating
- Ductless, Wood Stove
Cooling
- Ductless, Refrigerated
Features
- No Interior Steps
- Flooring: Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,670
- Total interior livable area: 4,670 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: Not ADA Compliant
Lot
- Size: 0.86 Acres
Details
- Additional structures: Outbuilding
- Parcel number: 380360
- Zoning: Other,Rural Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northern New Mexico,One Story
- Property subtype: Single Family Residence
Materials
- Adobe, Rock
- Roof: Metal
Condition
- Year built: 1935
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: Septic Available, Water Available, Electricity Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ribera
Financial & listing details
- Price per square foot: $107/sqft
- Date on market: 4/14/2026
- Listing terms: Cash,Conventional,1031 Exchange,New Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $499,000-13.8%$107/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $579,000$124/sqft |
Source: | ||
| 8/1/2016 | Sold | -- |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





