Nested in the heart of Santa Fe's historic Eastside, 518 East Palace Avenue offers a rare opportunity to own a home designed in 1925 by the renowned architect, John Gaw Meem. This exquisite 4-bedroom residence, along with 1-bedroom, 1-bathroom attached casita, embodies the spirit of traditional Santa Fe style and craftsmanship.
Situated on an expansive 0.43-acre lot, this property blends privacy with proximity to the vibrant cultural scene of downtown Santa Fe. The home's architectural details reflect Meem's signature style-exposed vigas, kiva fireplaces, and carefully crafted woodwork-imbuing every space with authentic southwestern charm. the residence's spacious layout is ideal for both elegant entertaining and serene, everyday living.
The attached casita provides a flexible space for guests, a home office , or a rental unit, offering its own secluded retreat within the property.
Located just moments from Santa Fe's historic Plaza, Canyon Road, and all the amenities that Santa Fe is celebrated for, this estate is a timeless piece of local history, where tradition meets contemporary luxury.
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Price Unknown
518 E Palace Ave, Santa Fe, NM 87501
5beds
3,958sqft
Single Family Residence
Built in 1926
0.43 Acres Lot
$2,315,000 Zestimate®
$--/sqft
$5,017 Estimated rent
Home value
$2,315,000
$2.06M - $2.62M
$5,017/mo
Zestimate® history
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List your homeWhat's special
Kiva fireplacesArchitectural detailsCarefully crafted woodworkSpacious layoutExposed vigas
Zillow last checked:
Listing updated:
Listed by:
Chris Webster 505-780-9500,
Sotheby's Int. RE/Grant,
Maya Hiersoux 505-479-0194,
Sotheby's Int. RE/Grant
Bought with:
Amanda Godlove Erwin, 53159
Barker Realty, LLC
Source: SFARMLS,MLS#: 202404414
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Fireplace(s), Hot Water, Natural Gas, Radiant
Cooling
- None
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Features
- Beamed Ceilings, Interior Steps
- Flooring: Tile, Wood
- Has basement: Yes
- Number of fireplaces: 5
- Fireplace features: Kiva
Interior area
- Total structure area: 3,958
- Total interior livable area: 3,958 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage, Tandem
- Attached garage spaces: 2
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: Two,Multi/Split
- Stories: 2
- Pool features: None
Lot
- Size: 0.43 Acres
Details
- Additional structures: Guest House Attached
- Parcel number: 12348288
- Zoning: R-1, 2, 3, 4, 5, 6
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multi-Level,Pueblo
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Basement
- Roof: Flat,Foam
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: High Speed Internet Available, Electricity Available
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Santa Fe
Financial & listing details
- Tax assessed value: $2,321,820
- Annual tax amount: $6,234
- Date on market: 11/1/2024
- Cumulative days on market: 5 days
- Listing terms: Cash,Conventional,1031 Exchange,New Loan
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2024 | Sold | -- |
Source:  SFARMLS #202404414 Report a problem | ||
| 11/7/2024 | Pending sale | $2,250,000$568/sqft |
Source: SFARMLS #202404414 Report a problem | ||
| 11/1/2024 | Listed for sale | $2,250,000$568/sqft |
Source: SFARMLS #202404414 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,624 +182.7% | $2,321,820 +183.8% |
| 2024 | $6,234 0% | $818,075 +3% |
| 2023 | $6,234 +2.3% | $794,248 +3% |
| 2022 | $6,096 +1.6% | $771,115 +3% |
| 2021 | $6,002 +3.1% | $748,657 +209% |
| 2020 | $5,822 +1.4% | $242,285 +3% |
| 2019 | $5,741 +2.3% | $235,228 +3% |
| 2018 | $5,614 | $228,377 +3% |
| 2017 | $5,614 +2.6% | $221,725 +3% |
| 2016 | $5,473 | $215,268 +27% |
| 2015 | $5,473 +33.9% | $169,458 +3.1% |
| 2014 | $4,087 +23.4% | $164,358 |
| 2013 | $3,312 +3.2% | -- |
| 2012 | $3,209 +1.4% | -- |
| 2011 | $3,166 +4.5% | -- |
| 2010 | $3,031 +5.7% | -- |
| 2009 | $2,868 +4.2% | -- |
| 2008 | $2,751 +1.7% | -- |
| 2005 | $2,705 +22.4% | -- |
| 2004 | $2,210 -7% | -- |
| 2003 | $2,376 +5.4% | -- |
| 2002 | $2,254 -4.4% | -- |
| 2001 | $2,358 +6.9% | -- |
| 2000 | $2,207 | $126,308 |
Find assessor info on the county website
Neighborhood: 87501
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Acequia Madre Elementary SchoolGrades: K-6Distance: 0.3 mi
- 6/10Milagro Middle SchoolGrades: 7-8Distance: 2.9 mi
- NASanta Fe EngageGrades: 9-12Distance: 6.1 mi
Schools provided by the listing agent
- Elementary: Acequia Madre
- 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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Estimated market value
$2,315,000
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Estimated market value
$2,315,000
- New Mexico
- Santa Fe County
- Santa Fe
- 87501
- 518 E Palace Ave
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