David Mowry

1 Opera House Road

Madrid, NM
$ 450,000 Beds 3 Baths 2 Sq 1,100
Monthly Estimate* How much can I afford?

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

Active

  • Price
  • $ 450,000
  • City
  • Madrid
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • Santa Fe
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.16 Acres
  • Zip
  • 87010
  • Sqr Footage
  • 1,100
  • Style
  • MLS#
  • 202600581
Listed By: Cynthia C. Sheff with Sotheby's Int. RE/Grant.
Data Source: Santa Fe AOR (SFAR)

Features

General

Sewer Septic Tank
Heating Propane,Passive Solar,Wood Stove,Wall Furnace
Cooling None
Utilities High Speed Internet Available,Electricity Available
Possession Closing & Funding
Roof Metal,Pitched
Appliances Dryer,Oven,Range,Refrigerator,Water Heater,Washer
HOA Fee 20
Association Fee Includes Common Areas,Road Maintenance
Architectural Style Other,See Remarks
Pool Features None
Construction Materials Frame,Other,Wood Siding
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Assoc Fee Paid Per Annually
County Santa Fe
Property Type Residential
Association Amenities Other,See Remarks
HOA true
Subdivision Name Madrid Townsite
Garage Y/N false
Other Structures Guest House Detached
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions Hwy 14 to Madrid Townsite. Right on Opera House Road
High School Capital
City Madrid
Disclosures Lead Based Paint Disclosure
Lot Size Units Acres
Lot Size Square Feet 6969.6
Listing Terms Cash,Conventional,New Loan
Elementary School Amy Biehl Community
Property Attached Y/N false
Year Built Details Unknown
Land Lease Y/N false
Middle/Junior High School Capshaw
MLS Area Minor 12-Madrid/Cerrillos
Lease Considered Y/N false
Living Area Units Square Feet
Standard Status Active
Year Built Source Owner
Property Sub Type Additional Detached,Single Family Residence

Interior Features

Interior Amenities Interior Steps
Flooring Flagstone,Tile,Wood
Total Fireplaces 2
Fireplace Features Wood Burning,Wood BurningStove
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N true
Total Bedrooms 3
LivingAreaSource Owner
Total Baths 2

Exterior Features

Water Source Community/Coop
Total Parking 3
Lot Size Area 0.16
Building Area Total 1750
Lot Size Acres 0.16
Lot Size Source Assessor
Waterfront Y/N false
Horse Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Albuquerque, NM office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Amy Biehl Community Elementary School
Middle School Capshaw Middle School
High School Capital High School

Price History

2/27/2026 Listed $500,000
6/12/2026 10% - $450,000

Property vs Zip Code Average in 87010

Price
AVG $610K
$450K

In The Neighborhood

Areas That We Cover

1 Opera House Road Madrid, NM is a Single Family Home for sale at $450000 with 1100 sqft and a lot size of 0.16 Acres Acre(s). 1 Opera House Road Madrid has 3 bedrooms, 2 baths . The property's zip code is 87010 which is in Madrid, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

David Mowry

David Mowry

505-300-8171

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