Income-Producing Compound in Coveted La Mesilla – Main Home + 3-Bed Guest House
This beautifully updated private compound in desirable La Mesilla offers the perfect combination of comfortable living and proven income potential. The property features a spacious main house and a fully independent guest house, each with three bedrooms. Both homes have been successfully used for both long-term and short-term rentals, generating solid income. Enjoy a large open yard and plenty of outdoor space across the 1.32-acre lot. Each home has its own private front and back yards, creating excellent separation and privacy. The neighborhood is known for being quiet, safe, and friendly. La Mesilla is one of the most sought-after areas in the Valley, with minute commutes to Los Alamos, Santa Fe, and Abiquiú. Whether you’re looking for a multi-generational home for familia, a personal residence with guest space, or a turn-key investment property, this compound delivers.
For sale
Price cut: $60K (5/8)
$765,000
23 County Road 108, Espanola, NM 87532
6beds
3,559sqft
Single Family Residence
Built in 1978
1.32 Acres Lot
$-- Zestimate®
$215/sqft
$-- HOA
What's special
Quality tileTwo car carportPrivate outside patio spaceFull kitchenTile flooringPlenty of yard spaceLaundry space
- 407 days |
- 204 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Emery Maez 505-469-0546,
The Maez Group 505-469-0546,
Joseph Maez 505-401-5775,
The Maez Group-ALB
Source: SFARMLS,MLS#: 202501993
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Heating
- Forced Air, Natural Gas, Radiant
Cooling
- Ductless, Evaporative Cooling, Refrigerated
Features
- No Interior Steps
- Flooring: Tile, Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,559
- Total interior livable area: 3,559 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: Accessibility Features
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.32 Acres
Details
- Parcel number: 1047117140340
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northern New Mexico
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Membrane,Metal,Pitched
Condition
- Year built: 1978
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Surveillance System
HOA
- Has HOA: No
Location
- Region: Espanola
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $231,983
- Annual tax amount: $1,822
- Date on market: 5/30/2025
- Listing terms: Conventional,New Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $765,000-7.3%$215/sqft |
Source:  SFARMLS #202501993 Report a problem | ||
| 3/23/2026 | Price change | $825,000-3.4%$232/sqft |
Source: SFARMLS #202501993 Report a problem | ||
| 5/31/2025 | Listed for sale | $854,000+185.6%$240/sqft |
Source: SFARMLS #202501993 Report a problem | ||
| 11/6/2019 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 9/25/2019 | Pending sale | $299,000$84/sqft |
Source: Barker Realty, LLC #201903754 Report a problem | ||
| 9/5/2019 | Listed for sale | $299,000$84/sqft |
Source: Barker Realty, LLC #201903754 Report a problem | ||
| 8/31/2019 | Pending sale | $299,000$84/sqft |
Source: Barker Realty, LLC #201903754 Report a problem | ||
| 8/14/2019 | Listed for sale | $299,000$84/sqft |
Source: Barker Realty, LLC #201903754 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,822 +1.2% | $77,329 +3% |
| 2023 | $1,801 | $75,076 |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | $1,210 +12.6% | -- |
| 2017 | $1,075 -11.2% | $55,759 -4.9% |
| 2016 | $1,210 | $58,644 +3% |
| 2015 | $1,210 +13.7% | $56,937 +3% |
| 2014 | $1,064 +6.7% | $55,279 +9.3% |
| 2011 | $997 +46.4% | $50,588 +12.9% |
| 2009 | $681 | $44,795 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 87532
Nearby schools
GreatSchools rating
- 3/10Tony Quintana Elementary SchoolGrades: K-6Distance: 2.2 mi
- 5/10Carlos F. Vigil Middle SchoolGrades: 7-8Distance: 4.2 mi
- 6/10Espanola Valley High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Sombrillo
- Middle: Carlos F. Vigil Espanola Middle School
- High: Espanola Valley High
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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- New Mexico
- Rio Arriba County
- Espanola
- 87532
- 23 County Road 108
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