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For sale
  • $250,000

    2835 State Hwy #14, Cerrillos, NM 87010

    2beds
    950sqft
    : 
    $1,515/mo
    Get pre-qualified
    Single Family Residence
    Built in 1970
    9,147 Square Feet Lot
    $-- Zestimate®
    $263/sqft
    $2/mo HOA

    What's special

    Cozy kitchenTwo bedroomsTwo-story homeOne bathroomGenerously sized lot
    A Rare Opportunity in the Heart of Historic Madrid, New Mexico Perfectly positioned just steps from Madrid's vibrant main street, this unique mixed-use property offers the best of both worlds—high visibility for a business venture while maintaining the privacy and tranquility of a tucked-away setting. Opportunities like this are exceptionally rare in one of New Mexico's most beloved and distinctive communities. The existing two-story home is full of character and untapped potential. Featuring two bedrooms, one bathroom, a comfortable living room, and a cozy kitchen, the home provides an excellent foundation for restoration or expansion. The generously sized lot offers ample room to add on, making it ideal for creating a custom residence, artist's retreat, gallery, boutique, studio, or the ultimate live-work space. With mixed-use zoning already in place, your possibilities are as expansive as your imagination. Madrid is internationally recognized for its laid-back charm, vibrant arts community, and welcoming atmosphere. Just a short stroll from your front door, you'll find locally owned coffee shops, bakeries, art galleries, boutiques, and restaurants serving authentic New Mexico favorites. Once a thriving coal mining town, Madrid has transformed into one of the Southwest's most iconic destinations, attracting visitors year-round with its rich history, scenic beauty, and unforgettable character. During the holiday season, the town truly comes alive with its legendary Christmas light display, when thousands of lights illuminate the entire community, creating one of New Mexico's most cherished holiday traditions. Whether you're searching for a distinctive home, a business opportunity, an investment property, or a place to combine all three, this exceptional property offers an unmatched location and unlimited potential. Don't miss your opportunity to own one of Madrid's most desirable mixed-use properties—where history, creativity, and opportunity come together in the heart of one of New Mexico's most extraordinary towns.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca West 505-699-0574,

    Valdez & Associates, Inc. 505-992-1205

    Source: SFARMLS,MLS#: 202603236MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Propane
      Cooling
      • None
      Features
      • Interior Steps
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 950
      • Total interior livable area: 950 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: None
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: Two,Multi/Split
      • Stories: 2
      Lot
      • Size: 9,147 Square Feet
      Details
      • Parcel number: 76004096
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Multi-Level
      • Property subtype: Single Family Residence
      Materials
      • Roof: Flat
      Condition
      • Year built: 1970

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Available

      Community & HOA

      HOA
      • Has HOA: Yes
      • Services included: Common Areas
      • HOA fee: $20 annually
      Location
      • Region: Cerrillos

      Financial & listing details

      • Price per square foot: $263/sqft
      • Date on market: 7/24/2026
      • Listing terms: Cash,Conventional,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/24/2026Listed for sale$250,000$263/sqft
        Source: SFARMLS #202603236 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        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: 87010

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Turquoise Trail
        • Middle: Milagro
        • High: Capital

        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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