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.
For sale
Price cut: $20K (7/27)
$830,000
1407 Borrego Pass, Santa Fe, NM 87507
4beds
2,540sqft
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
- 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#: 1102744
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
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $830,000-2.4%$327/sqft |
Source: | ||
| 5/26/2026 | Price change | $850,000-2.9%$335/sqft |
Source: | ||
| 5/1/2026 | Listed for sale | $875,000-2.7%$344/sqft |
Source: | ||
| 4/1/2026 | Listing removed | $899,000$354/sqft |
Source: | ||
| 9/24/2025 | Price change | $899,000-21.8%$354/sqft |
Source: | ||
| 9/19/2025 | Listed for sale | $1,150,000$453/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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





