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For sale
  • $1,499,000

    40 Silver Saddle, Lamy, NM 87540

    3beds
    3,729sqft
    : 
    $8,486/mo
    Get pre-qualified
    Single Family Residence
    Built in 1990
    12.53 Acres Lot
    $-- Zestimate®
    $402/sqft
    $-- HOA

    What's special

    Separate light-filled flex room
    Perched atop 12.5 scenic acres, this exceptional Spanish Hacienda-style home captures breathtaking 360-degree views of the Sangre de Cristo Mountains, Jemez Mountains, mesas, and New Mexico's spectacular high desert. The beautifully designed 3,729± square foot residence offers 3 bedrooms, 3 baths, and seamless indoor-outdoor living. At its heart is a stunning private courtyard featuring mature trees, lush landscaping, stone pathways, and tranquil tiered fountain, creating a peaceful resort-like retreat. An expansive front portal showcases panoramic mountain views and unforgettable sunsets. Inside, expansive picture windows fill the home with natural light while framing magnificent vistas. Architectural details include smooth plaster walls, traditional vigas, handcrafted fireplaces, radiant in-floor heat, and custom millwork. The chef's kitchen features custom cabinetry, stone countertops, premium stainless steel appliances, a generous center island, and abundant storage. The spacious primary suite offers a luxurious retreat with courtyard access, a spa-inspired bath with soaking tub, oversized walk-in shower and an exceptional boutique-style dressing room with extensive custom storage. Two well-appointed guest bedrooms provide comfort and privacy. A separate light-filled flex room offers possibilities as a craft room or fitness space. Just minutes from Lamy, Eldorado schools, shopping, dining, and Santa Fe, this remarkable home offers privacy, timeless design, and the very best of Northern New Mexico living.
    25 days
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    469
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    17
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gretchen Walther 505-710-1039,

    Barker Realty, LLC 505-982-9836

    Source: SFARMLS,MLS#: 202602988MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Radiant
      Cooling
      • Ductless, Refrigerated
      Appliances
      • Included: Dryer, Dishwasher, Gas Cooktop, Microwave, Oven, Range, Refrigerator, Washer
      Features
      • Beamed Ceilings, Interior Steps
      • Flooring: Brick
      • Has basement: No
      • Number of fireplaces: 3
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 3,729
      • Total interior livable area: 3,729 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Carport
      • Has carport: Yes
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 12.53 Acres
      Details
      • Additional structures: Storage
      • Parcel number: 940001584
      • Special conditions: Standard
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Spanish
      • Property subtype: Single Family Residence
      Materials
      • Block, Frame
      • Roof: Metal
      Condition
      • Year built: 1990

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electricity Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Lamy

      Financial & listing details

      • Price per square foot: $402/sqft
      • Tax assessed value: $1,183,689
      • Annual tax amount: $6,036
      • Date on market: 7/23/2026
      • Listing terms: Cash,Conventional,1031 Exchange,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Listed for sale$1,499,000+81.7%$402/sqft
        Source: SFARMLS #202602988 Report a problem
        8/5/2020Listing removed$825,000$221/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        6/25/2020Pending sale$825,000$221/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        6/1/2020Price change$825,000-2.9%$221/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        11/1/2019Listed for sale$850,000$228/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        10/20/2019Pending sale$850,000$228/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        8/29/2019Price change$850,000-10.8%$228/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        10/5/2018Price change$953,000-3.5%$256/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        6/29/2018Price change$987,300-8.2%$265/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        1/26/2018Price change$1,075,000-2.3%$288/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        7/26/2017Listed for sale$1,100,000$295/sqft
        Source: Santa Fe Properties #201703617 Report a problem
        4/15/2016Listing removed$1,100,000$295/sqft
        Source: Sotheby's International Realty - Main Downtown #201501409 Report a problem
        4/13/2015Listed for sale$1,100,000$295/sqft
        Source: Sotheby's Int. RE/Washington #201501409 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,036 +2.1%$870,381 +3%
        2024$5,911 -0.1%$845,031 +3%
        2023$5,917 +2.6%$820,419 +3%
        2022$5,767 +2%$796,524 +3%
        2021$5,655 +20.2%$773,326 +263.2%
        2020$4,705 +2%$212,897 +3%
        2019$4,612 +2.7%$206,697 +3%
        2018$4,492 $200,677 +3%
        2017$4,492 +3.5%$194,832 +3%
        2016$4,338 $189,157 +3%
        2015$4,338 +8.6%$183,648 +3.1%
        2014$3,994 +23.7%$178,121
        2013$3,229 +1.6%--
        2012$3,179 +2%--
        2011$3,116 +4%--
        2010$2,996 +4.9%--
        2009$2,855 +3.9%--
        2008$2,748 +1.7%--
        2005$2,702 +9.3%--
        2004$2,472 -7.2%--
        2003$2,662 +5.6%--
        2002$2,522 -4.5%--
        2001$2,641 --
        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: 87540

        Getting around

        0 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: El Dorado Com School
        • Middle: El Dorado Com School
        • High: Santa Fe

        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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