Pending

$390,000

16 Los Banos Dr, Ojo Caliente, NM 87549

4beds

1,756sqft

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Single Family Residence

Built in ----

1.18 Acres Lot

$-- Zestimate^®

$222/sqft

$7/mo HOA

What's special

Discover a unique Northern New Mexico property perfectly situated next to the renowned Ojo Caliente Mineral Springs Resort & Spa. Zoned for both residential and commercial use, this versatile home is ideal as a private retreat, vacation rental, wellness space, gallery, or small business. The property includes a 0.25 share of water rights to the acequia, offering valuable agricultural and landscaping potential. Its prime location and flexible zoning make it an excellent investment property with room to develop, expand, or customize to your vision. Surrounded by the region’s iconic high-desert beauty, it provides convenient access to world-class hot springs, scenic trails, and the cultural charm of nearby communities. A truly special setting brimming with potential.

26 days

513

23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 1
3/4 bathrooms: 2

Heating

Propane, Space Heater

Cooling

None

Appliances

Included: See Remarks

Features

Interior Steps
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,756
Total interior livable area: 1,756 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, Detached, Garage
Garage spaces: 2
Has carport: Yes

Accessibility

Accessibility features: Not ADA Compliant

Features

Levels: One
Stories: 1

Lot

Size: 1.18 Acres

Details

Parcel number: 1048141183362/1048141183362H2
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Northern New Mexico
Property subtype: Single Family Residence

Materials

Adobe
Roof: Metal

Utilities & green energy

Sewer: None
Water: Community/Coop
Utilities for property: Electricity Available, Sewer Not Available

Community & HOA

HOA

Has HOA: No
Services included: Other, See Remarks, Water
HOA fee: $80 annually

Location

Region: Ojo Caliente

Financial & listing details

Price per square foot: $222/sqft
Date on market: 6/19/2026
Listing terms: Cash,Conventional,New Loan
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/14/2026	Pending sale	$390,000$222/sqft
Source: SFARMLS #202602755 Report a problem
6/19/2026	Listed for sale	$390,000$222/sqft
Source: SFARMLS #202602755 Report a problem
6/19/2026	Listing removed	$390,000$222/sqft
Source: SFARMLS #202505219 Report a problem
6/13/2026	Listed for sale	$390,000-8.2%$222/sqft
Source: SFARMLS #202505219 Report a problem
12/27/2025	Listing removed	$425,000$242/sqft
Source: SFARMLS #202505219 Report a problem
11/27/2025	Listed for sale	$425,000$242/sqft
Source: SFARMLS #202505219 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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