Rare Opportunity – Two Charming Santa Fe Homes on One Property!
Discover a unique chance to own two adorable homes in the heart of Santa Fe, each full of authentic Santa Fe charm. Whether you're looking for a smart investment opportunity, a multi-generational living setup, or the chance to live in one and rent the other, this property offers endless potential.
Main House:
3 Bedrooms | 1 Bathroom
Bright and inviting kitchen
High ceilings for an open, airy feel
Welcoming front porch and fenced yard—perfect for relaxing or entertaining
Guest House:
2 Bedrooms | 1 Bathroom
Cozy and charming with a beautiful fireplace
A perfect rental, guest suite, or studio space
Opportunities like this don’t come along often—live the Santa Fe lifestyle while making a smart investment!
Schedule your private showing today!
For sale
$980,000
506 Barela Ln, Santa Fe, NM 87505
5beds
2,202sqft
Single Family Residence
Built in 1984
0.36 Acres Lot
$-- Zestimate®
$445/sqft
$-- HOA
What's special
Bright and inviting kitchenWelcoming front porchFenced yard
- 288 days |
- 156 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Johnny Chacon 505-690-1226,
Realty One of Santa Fe 505-257-9123
Source: SFARMLS,MLS#: 202504444
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Refrigerated, Window Unit(s)
Features
- Interior Steps
- Flooring: Tile
- Basement: Crawl Space
- Number of fireplaces: 2
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 2,202
- Total interior livable area: 2,202 sqft
Property
Parking
- Total spaces: 4
- Parking features: None
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.36 Acres
Details
- Additional structures: Guest House Detached
- Parcel number: 010185600
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Metal,Shingle
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $413,297
- Annual tax amount: $2,237
- Date on market: 9/27/2025
- 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
| Date | Event | Price |
|---|---|---|
| 9/29/2025 | Listed for sale | $980,000$445/sqft |
Source:  SFARMLS #202504444 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,237 -2.9% | $299,514 |
| 2023 | $2,304 -0.7% | $299,514 |
| 2022 | $2,320 -1.4% | $299,514 |
| 2021 | $2,353 +6.1% | $299,514 +224.6% |
| 2020 | $2,217 +3.7% | $92,263 +3% |
| 2019 | $2,137 0% | $89,576 +3% |
| 2018 | $2,138 | $86,968 +3% |
| 2017 | $2,138 +2.6% | $84,435 +3% |
| 2016 | $2,084 | $81,975 +0.6% |
| 2015 | $2,084 +6.1% | $81,453 -3.4% |
| 2014 | $1,965 +12.7% | $84,326 |
| 2013 | $1,743 +3.2% | -- |
| 2012 | $1,689 +1.4% | -- |
| 2011 | $1,666 +4.5% | -- |
| 2010 | $1,595 +5.7% | -- |
| 2009 | $1,509 +4.2% | -- |
| 2008 | $1,448 +1.7% | -- |
| 2005 | $1,424 +15.5% | -- |
| 2004 | $1,233 -7% | -- |
| 2003 | $1,326 +5.4% | -- |
| 2002 | $1,258 -4.4% | -- |
| 2001 | $1,316 +3.5% | -- |
| 2000 | $1,271 | $70,467 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87505
Nearby schools
GreatSchools rating
- 3/10Aspen Community Magnet SchoolGrades: PK-12Distance: 1.2 mi
- NASanta Fe EngageGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Alameda Elementary
- Middle: Milagro
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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