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    48 Paseo Encantado NE, Santa Fe, NM 87506

    2beds
    4,752sqft
    Single Family Residence
    Built in 2003
    5.2 Acres Lot
    $2,276,000 Zestimate®
    $--/sqft
    $6,170 Estimated rent

    Home value

    $2,276,000

    $2.03M - $2.55M

    $6,170/mo

    Zestimate® history
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    What's special

    Outdoor fireplaceInterior fireplacesPrivate walled gardenAspen shaded courtyardOutdoor living spacePanoramic viewsPumice-crete walls
    This gated 5.2-acre estate in the Sangre de Cristo foothills is only 18 minutes from the Santa Fe Plaza and offers panoramic views of the Sangres, Jemez Mountains, and Badlands. 4,752 sf living, 802 sf 2-car garage, 5 portals totaling 1,820 sf. of outdoor living space! 880 sf portal wraps the central, Aspen shaded courtyard with large stone fountain. Beds and gardens are filled with a vibrant array of flowers, grasses, and trees. West facing portal offers dramatic sunsets with lovely outdoor eating area. A private walled garden off the primary suite includes a smaller portal and outdoor fireplace. Interiors are warm, and light filled with a wide choice of cozy private and formal entertainment spaces. Rich interior finishes focus on traditional and timeless New Mexican details, beamed and wood plank ceilings, meticulously cut flagstone floors, Diamond plaster walls, 4 interior fireplaces, custom cabinetry, granite, sandstone counters and 10 skylights. Constructed with 2’ to 4’ thick Pumice-Crete walls, a labor-intensive, fireproof building method that beautifully replicates the look and feel of traditional triple-stacked adobe and is noted for its beauty, stability, noise reduction, and energy efficient qualities. Radiant floor heating, recently installed high efficiency AC condenser system save energy by preheating water for the propane fired boiler and converts to a chilled floor cooling system during summer months! Low profile solar panel system produces more power than the residence uses yielding monthly electric bills less than $12.00/month! A cozy family room, formal dining, kitchen, and spacious great room, all access the courtyard for spectacular entertaining or intimate gatherings. Two separated primary suites plus office with tasteful built-ins. New improvements include stone planters and driveway borders, native trees, grasses, shrubs and flowers, new landscape irrigation system, new roof with extended warranty, new skylights, refreshed exterior stucco.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Galvin 505-795-5990,

    Sotheby's Int. RE/Grant

    Bought with:

    Skye Smith, REC20221116

    Sotheby's Int. RE/Grant

    Source: SFARMLS,MLS#: 202501474MLS LogoOriginating MLS: Santa Fe Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Hot Water, Natural Gas, Radiant Floor
    Appliances
    • Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
    Features
    • Beamed Ceilings, Interior Steps
    • Flooring: Flagstone
    • Windows: Insulated Windows
    • Has basement: No
    • Number of fireplaces: 4
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 4,752
    • Total interior livable area: 4,752 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached, Direct Access, Garage
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Not ADA Compliant
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 5.2 Acres
    • Features: Drip Irrigation/Bubblers
    Details
    • Parcel number: 265179320
    • Special conditions: Standard
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Pueblo,One Story
    • Property subtype: Single Family Residence
    Materials
    • Frame, Stucco
    • Roof: Flat,Foam
    Condition
    • Year built: 2003

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Community/Coop
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Security: Dead Bolt(s), Security Gate
    • Subdivision: Vista Redonda
    HOA
    • Has HOA: Yes
    • Services included: Road Maintenance
    • HOA fee: $200 annually
    • Second HOA fee: $2,550 annually
    Location
    • Region: Santa Fe

    Financial & listing details

    • Tax assessed value: $1,697,465
    • Annual tax amount: $11,898
    • Date on market: 5/31/2025
    • Cumulative days on market: 125 days
    • Listing terms: Cash,Conventional
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/18/2025Sold--
    Source: SFARMLS #202501474 Report a problem
    10/8/2025Pending sale$2,295,000$483/sqft
    Source: SFARMLS #202501474 Report a problem
    7/4/2025Listed for sale$2,295,000$483/sqft
    Source: SFARMLS #202501474 Report a problem
    6/29/2025Pending sale$2,295,000$483/sqft
    Source: SFARMLS #202501474 Report a problem
    5/31/2025Listed for sale$2,295,000+14.9%$483/sqft
    Source: SFARMLS #202501474 Report a problem
    1/14/2022Sold--
    Source: SFARMLS #202103906 Report a problem
    12/9/2021Pending sale$1,997,000$420/sqft
    Source: SFARMLS #202103906 Report a problem
    10/6/2021Listed for sale$1,997,000$420/sqft
    Source: SFARMLS #202103906 Report a problem
    9/27/2021Listing removed--
    Source: SFARMLS #202103906 Report a problem
    9/9/2021Pending sale$1,997,000$420/sqft
    Source: SFARMLS #202103906 Report a problem
    8/30/2021Listed for sale$1,997,000+38.7%$420/sqft
    Source: SFARMLS #202103906 Report a problem
    3/16/2020Sold--
    Source: Agent Provided Report a problem
    9/30/2013Sold--
    Source: Agent Provided Report a problem
    6/26/2013Listed for sale$1,440,000$303/sqft
    Source: Sotheby's International Realty - #99000757 Report a problem
    5/2/2013Listing removed$1,440,000$303/sqft
    Source: Sotheby's International Realty - #99000757 Report a problem
    2/28/2013Listed for sale$1,440,000$303/sqft
    Source: Sotheby's International Realty - #99000757 Report a problem
    11/3/2012Listing removed$1,440,000$303/sqft
    Source: Sotheby's International Realty - #201203600 Report a problem
    8/19/2012Listed for sale$1,440,000$303/sqft
    Source: Sotheby's International Realty - #201203600 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,771 -1.1%$1,697,465 -0.2%
    2024$11,898 -0.1%$1,701,046 +3%
    2023$11,911 -1.7%$1,651,501 -1.3%
    2022$12,115 +3.1%$1,673,486 +3%
    2021$11,750 +31.5%$1,624,744 +301.8%
    2020$8,936 +2%$404,375 +3%
    2019$8,760 +2.7%$392,598 +3%
    2018$8,532 $381,163 +3%
    2017$8,532 +3.5%$370,062 +3%
    2016$8,240 $359,283 -4.8%
    2015$8,240 +0.4%$377,347 +3.1%
    2014$8,206 -12.2%$365,990
    2013$9,343 +1.6%--
    2012$9,197 +2.1%--
    2011$9,011 +4%--
    2010$8,661 +5%--
    2009$8,252 +3.9%--
    2008$7,939 -5.3%--
    2005$8,386 +9.3%--
    2004$7,671 --
    Find assessor info on the county website

    Neighborhood: 87506

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Tesuque
    • Middle: Gonzales
    • 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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    Estimated market value
    $2,276,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,276,000