$500,000

1 Opera House Road, Madrid, NM 87010

  • 3 beds |
  • 2 baths |
  • 1,100 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $455/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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. 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

Listing Status:
Active
Date Added:
February 27, 2026
Data Last Updated:
May 22, 2026 at 7:17AM
Listing Office:
Sotheby's Int. RE/Grant : (505) 988-2533
Listing Agent:
Cynthia C. Sheff : (505) 470-6114
MLS ID:
202600581
  • General: Interior Steps
  • Appliances: DryerOvenRangeRefrigeratorWater HeaterWasher
  • Flooring: FlagstoneTileWood
  • A/C: None
  • Heating: PropanePassive SolarWood StoveWall Furnace
  • Fireplace: Wood BurningWood BurningStoveFireplaceFireplaces: 2
  • General: Guest House Detached
  • Style: OtherSee Remarks
  • Other Structures: Guest House Detached
  • Pool: None
  • Parking: Parking spaces: 3
  • Roofing: MetalPitched
  • Windows: Insulated Windows
  • General: FrameOtherWood Siding2
  • HOA Amenities: OtherSee RemarksCommon AreasRoad Maintenance20.0Annually
  • Originating MLS: SFAOR_SFAOR
  • County: Santa Fe
  • Zoning: T14N R 7E S25 IMPROVEMENT 136076004074
  • Utilities: High Speed Internet AvailableElectricity Available
  • Water: Community/Coop
  • Sewer: Septic Tank
  • Source: SFAOR_SFAOR

This listing courtesy of Cynthia C. Sheff , Sotheby's Int. RE/Grant

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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