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Land with Home for Sale in Santa Fe, New Mexico

1407 Borrego, Santa Fe, NM 87507

$830,000
1.58 acres
Active sale
$20k drop
Est $4,369/mo

70K PRICE REDUCTION! 1.58 FENCED ACRES, HORSE PROPERTY, TWO HOMES, UPGRADED MINI SPLITS.This is not just another listing. This is the middle of Santa Fe, two fully separate homes, real horse infrastructure, and a location minutes from some of the most iconic experiences in the Southwest. Properties like this simply do not come up, and this one just got $70,000 more affordable.Two detached residences, each 2 bedrooms, 1 bath, 1 car garage, 1,270 square feet, set apart just enough to give each household its own sense of privacy while still feeling connected. Live in one, rent the other and let a tenant help cover your mortgage. Rent both and turn this into a true income producing asset. House parents in one, raise your family in the other, privacy and togetherness finally solved. Whatever the plan, this layout pays for itself in flexibility alone. Both homes are finished with wood beamed ceilings that carry the warmth of traditional Santa Fe architecture, one featuring a built in wine fridge for effortless entertaining, and stainless steel appliances that bring each kitchen fully up to date. Upgraded mini split systems handle heating and cooling with quiet efficiency, keeping both homes comfortable through Santa Fe's high desert seasons, from crisp winter mornings to warm summer afternoons.At the center of it all, a wide open shared backyard ties both homes together beneath open New Mexico sky, framed by mountain views that shift color at sunset, built for barbecues, birthdays, and everyday life. The land is already fenced and set up for horses, complete with room to ride, graze, and roam, a genuine rarity this close to town. A private well serves the entire property, meaning your water bill disappears completely and your long term costs stay firmly in your control.Here is what really sets this property apart: location. You are minutes from the Santa Fe Railyard district, where converted warehouses now hold contemporary art galleries, a weekend farmers market, and some of the city's best breweries and patios. A short drive gets you to Meow Wolf's House of Eternal Return, the internationally famous immersive art experience that draws visitors from around the world and is unlike anything else on the planet. Historic Santa Fe Plaza, the Palace of the Governors, and centuries old adobe architecture are all close by, along with world class dining, art walks on Canyon Road, and the kind of layered, living culture that makes Santa Fe one of the most sought after small cities in America.This is horse country and world class culture in the same zip code. Two income producing homes, a rare multi generational layout, real fenced acreage, a private well, and a price that has already dropped nearly $70,000 in your favor. This estate captures the essence of Santa Fe living. Don't miss out on this opportunity.

2,540
Sq feet
4
Beds
2
Full baths
1983
Built

Location

Street address
1407 Borrego
Zip code
87507
Elevation
6,693 feet
Coordinates
35.6687, -105.9988

Directions

Alameda towards Siler on the left before traffic circle

Property details

Acreage
1.58 acres68,825 sq ft
Zoning
R-1
MLS #
SWMLS 1102744
Posted

Property taxes

Recent
$1,536

Parcels

  • 058701076

Details and features

Listing

Type
Residential
Franchise
Keller Williams Realty

Exterior

Parking
Garage
Pool
Patio
Structures
Shed(s)
Features
Fire Pit

Structure

Stories
1
Water
Private, Well
Sewer
Septic Tank
Heating
Ductless
Materials
Frame, Stucco

Interior

Rooms
Bathroom x 2, Bedroom x 4
Flooring
Tile, Wood
Fireplaces
Yes
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Cooler
Features
Beamed Ceilings, Main Level Primary

Nearby schools

NameType
AlamedaElementary
WilsonMiddle
Santa FeHigh

Listing history

DateEventPriceChangeSource
July 27, 2026Price drop$830,000$20,000 -2.4%SWMLS
May 26, 2026Price drop$850,000$25,000 -2.9%SWMLS
May 2, 2026New listing$875,000—SWMLS
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This 1.58-acre property is located at 1407 Borrego in Santa Fe, NM 87507. The property is available for sale, priced at $830,000. It has a 2,540 square foot 4-bedroom, 2-bath house built in 1983.

Listed by Keller Williams Realty, (505) 271-8200

Checked 1 hour agoUpdated Source

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