WALK IN AND BE WOWED! Gorgeous 2006 single-level Eldorado home with forever views and separate art studio with 2/3 bath and kitchenette. In-floor radiant heat is WIRSBO PEX and cooling is provided by a whole-house vented evaporative cooler. Kitchen has newer stainless appliances (2019), pretty custom cabinetry, a large copper farm sink and opens to dining and living rooms. Walk-in pantry. There is a gas stub behind the stove. Living room has gas Kiva fireplace and beautiful viga ceilings. Generous primary suite has doors to rear portal, closet system in walk-in closet, double sinks, rain shower head and soaking tub. Freestanding studio was built by Adobeworks in 2023 and has split for heat and air conditioning. Concrete floors, 3/4 bath and kitchenette. Good bedroom separation with bedrooms connected by long gallery hallway. Roof silicone coating in 2020 with a 10-year warranty. Ortiz, Jemez and Sangre de Cristo views! Walled back courtyard with a covered 650 sq. ft. portal that runs the length of the house with sunshades and offers multiple entertaining options. Guest room 1 has a wood burning fireplace, built-in bookshelves and doors to the exterior. Guest room 2 has a connecting full bath. NO STEPS, NO KITEC, NO CARPET. Canales have rainbarrels or french drains which routes the water outside courtyard wall. Property laundry room with sink and good storage. W/D stay. Finished oversized 2-car garage. New boiler and tankless hot water in 2019. Property has been inspected and most repairs completed. Report with repairs noted available on request. Property does have drip system in place, but has not been on for a year. Seller does not warrant the functionality.
For sale
$949,000
38 Encantado Loop, Santa Fe, NM 87508
3beds
2,612sqft
Est.:
Single Family Residence
Built in 2006
1.26 Acres Lot
$-- Zestimate®
$363/sqft
$58/mo HOA
What's special
Soaking tubForever viewsRain shower headWhole-house vented evaporative coolerPretty custom cabinetryLarge copper farm sinkWalk-in pantry
- 23 hours |
- 779 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: March 10, 2026 at 12:55pm
Listed by:
Lisa Smith 505-570-5770,
Sotheby's Int. RE/Grant 505-988-2533
Source: SFARMLS,MLS#: 202600593
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Ductless, Electric, Fireplace(s), Natural Gas, Radiant Floor
Cooling
- Ductless, Evaporative Cooling, Refrigerated
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Features
- Beamed Ceilings, No Interior Steps
- Flooring: Tile
- Windows: Insulated Windows
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Gas, Wood Burning
Interior area
- Total structure area: 2,612
- Total interior livable area: 2,612 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Direct Access, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Stories: 1
- Exterior features: Horse Facilities
- Pool features: Association
Lot
- Size: 1.26 Acres
Details
- Additional structures: Studio Detached
- Parcel number: 124623930
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo,One Story
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 2006
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: High Speed Internet Available, Electricity Available
Green energy
- Water conservation: Rain Water Collection, Water-Smart Landscaping
Community & HOA
Community
- Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
- Subdivision: Eldorado
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Playground, Pool, Recreation Facilities, RV Parking, Storage, Tennis Court(s), Trail(s)
- Services included: Common Areas, Recreation Facilities
- HOA fee: $701 annually
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $363/sqft
- Tax assessed value: $617,290
- Annual tax amount: $4,079
- Date on market: 3/10/2026
- 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
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Listed for sale | $949,000+170%$363/sqft |
Source:  SFARMLS #202600593 Report a problem | ||
| 7/16/2025 | Listing removed | $4,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/11/2025 | Price change | $4,000-4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/14/2025 | Listed for rent | $4,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2025 | Listing removed | $4,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/25/2025 | Listed for rent | $4,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/17/2020 | Listing removed | $351,500$135/sqft |
Source: Santa Fe Realty Unlimited #202001885 Report a problem | ||
| 6/26/2020 | Pending sale | $351,500$135/sqft |
Source: Santa Fe Realty Unlimited #202001885 Report a problem | ||
| 6/2/2020 | Listed for sale | $351,500$135/sqft |
Source: Santa Fe Realty Unlimited #202001885 Report a problem | ||
| 2/26/2020 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 1/30/2020 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,378 -0.1% | $482,982 +3% |
| 2023 | $3,382 +2.6% | $468,915 +3% |
| 2022 | $3,296 +2% | $455,258 +3% |
| 2021 | $3,232 +0.1% | $441,999 +202.4% |
| 2020 | $3,230 +3.5% | $146,172 +3% |
| 2019 | $3,122 +2.7% | $141,915 +3% |
| 2018 | $3,039 | $137,782 +3% |
| 2017 | $3,039 +3.6% | $133,769 +3% |
| 2016 | $2,934 | $129,873 +3% |
| 2015 | $2,934 +8.7% | $126,090 -2.6% |
| 2014 | $2,699 +7.2% | $129,507 |
| 2013 | $2,517 +1.6% | -- |
| 2012 | $2,477 -30.1% | -- |
| 2011 | $3,546 +1.6% | -- |
| 2010 | $3,489 +4.9% | -- |
| 2009 | $3,325 +3.9% | -- |
| 2008 | $3,201 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,005/mo
Principal & interest
$4552
Property taxes
$395
HOA Fees
$58
More affordability tools
Climate risks
Neighborhood: 87508
Nearby schools
GreatSchools rating
- 9/10El Dorado Community SchoolGrades: K-8Distance: 3.9 mi
- NASanta Fe EngageGrades: 9-12Distance: 6.2 mi
Schools provided by the listing agent
- Elementary: El Dorado Com School
- Middle: El Dorado Com School
- High: Santa Fe
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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