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For sale
  • Price cut: $20K (7/27)
    $830,000

    1407 Borrego Pass, Santa Fe, NM 87507

    4beds
    2,540sqft
    : 
    $4,972/mo
    Get pre-qualified
    Single Family Residence
    Built in 1983
    1.58 Acres Lot
    $804,700 Zestimate®
    $327/sqft
    $-- HOA

    What's special

    Horse propertyTwo detached residencesReal fenced acreageStainless steel appliancesWide open shared backyardWood beamed ceilings
    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.
    123 days
    193
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    The Venegas Group 505-591-0717,

    Keller Williams Realty 505-271-8200

    Source: SWMLS,MLS#: 1102744MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 199.65
      • Dimensions: 12.1 x 16.5
      Kitchen
      • Level: Main
      • Area: 144.56
      • Dimensions: 10.4 x 13.9
      Living room
      • Level: Main
      • Area: 233.22
      • Dimensions: 13.8 x 16.9
      Heating
      • Ductless, Multiple Heating Units
      Cooling
      • Ductless
      Appliances
      • Included: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
      • Laundry: Electric Dryer Hookup
      Features
      • Beamed Ceilings, Main Level Primary
      • Flooring: Tile, Wood
      • Windows: Double Pane Windows, Insulated Windows
      • Has basement: No
      • Number of fireplaces: 2
      • Fireplace features: Custom
      Interior area
      • Total structure area: 2,540
      • Total interior livable area: 2,540 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Finished Garage, Garage
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Patio
      • Exterior features: Fire Pit
      • Fencing: Back Yard
      Lot
      • Size: 1.58 Acres
      Details
      • Additional structures: Kennel/Dog Run, Packing Shed, RV/Boat Storage, Stable(s), Shed(s), Storage
      • Parcel number: 058701076
      • Zoning description: R-1
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Stucco
      Condition
      • Resale
      • New construction: No
      • Year built: 1983

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Shared Well, Well
      • Utilities for property: Electricity Connected
      Green energy
      • Energy generation: None

      Community & HOA

      Location
      • Region: Santa Fe

      Financial & listing details

      • Price per square foot: $327/sqft
      • Tax assessed value: $581,564
      • Annual tax amount: $1,535
      • Date on market: 4/30/2026
      • Cumulative days on market: 125 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $804,700

        $764,000 - $845,000

        $3,351/mo

        Price history

        DateEventPrice
        7/27/2026Price change$830,000-2.4%$327/sqft
        Source: SWMLS #1102744 Report a problem
        5/26/2026Price change$850,000-2.9%$335/sqft
        Source: SWMLS #1102744 Report a problem
        5/1/2026Listed for sale$875,000-2.7%$344/sqft
        Source: SWMLS #1102744 Report a problem
        4/1/2026Listing removed$899,000$354/sqft
        Source: SFARMLS #202504290 Report a problem
        9/24/2025Price change$899,000-21.8%$354/sqft
        Source: SFARMLS #202504293 Report a problem
        9/19/2025Listed for sale$1,150,000$453/sqft
        Source: SFARMLS #202504290 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,536 +2.6%$202,303 +3%
        2024$1,497 0%$196,411 +3%
        2023$1,497 +2.3%$190,692 +3%
        2022$1,464 +1.6%$185,139 +3%
        2021$1,441 +3.1%$179,748 +209%
        2020$1,398 +1.4%$58,172 +3%
        2019$1,378 +2.3%$56,478 +3%
        2018$1,348 $54,833 +3%
        2017$1,348 +2.6%$53,236 +3%
        2016$1,314 $51,685 +19.3%
        2015$1,314 +25.7%$43,333 +3.1%
        2014$1,045 +37.2%$42,029
        2013$762 +1.6%--
        2012$750 +2%--
        2011$735 +4%--
        2010$707 +4.9%--
        2009$674 +3.9%--
        2008$648 -4%--
        2005$676 +9.3%--
        2004$618 -7.2%--
        2003$666 +5.6%--
        2002$631 -4.5%--
        2001$660 +3.5%--
        2000$638 $36,293
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 87507

        Getting around

        24 / 100
        Car-Dependent
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Alameda
        • Middle: Wilson
        • High: Santa Fe

        Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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