Real Santa Fe — steps from Canyon Road, the galleries, the Plaza. FULLY updated La Vereda Compound gem won't last. 2BR + office, 2.5 baths, chef's kitchen that'll make you want to cook (Wolf stove, Sub Zero fridge). High ceilings, classic Santa Fe charm, with all of today's amenities, plus a solarium that adds space and free passive solar heat — nobody skips this feature once they see it. Primary suite has its own private balcony for coffee or sunset wine, a claw foot tub, and gorgeous custom cabinetry — plus custom built-in cedar-lined closets with reading lights and built-in nightstands. That's the kind of detail you don't find twice. Three mini-splits keep it cool exactly when & where you need it. Big laundry, extra storage. Lock-and-leave escape or full-time knockout — either way, this is the Santa Fe lifestyle everyone wants. Won't sit long.
For sale
Price cut: $50K (10/29)
$1,295,000
707 E Palace Ave APT 8, Santa Fe, NM 87501
2beds
2,304sqft
Condominium
Built in 1985
-- sqft lot
$-- Zestimate®
$562/sqft
$510/mo HOA
What's special
Classic santa fe charmBig laundryExtra storageClaw foot tubHigh ceilingsSub zero fridgeWolf stove
- 107 days
- 362
- 12
Zillow last checked:
Listing updated:
Listed by:
Marion Tray Rankin 502-295-5822,
Sotheby's Int. RE/Washington 505-988-8088,
Ryan D. Ferguson 505-570-2028,
Sotheby's Int. RE/Washington
Source: SFARMLS,MLS#: 202603245
Originating MLS: Santa Fe Association of REALTORS
Originating MLS: Santa Fe Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Ductless, Passive Solar
Cooling
- Ductless, Refrigerated
Features
- Interior Steps
- Flooring: Tile
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,304
- Total interior livable area: 2,304 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: Multi/Split
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 018400011
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Multi-Level
- Property subtype: Condominium
Materials
- Block, Concrete, Stucco
- Roof: Foam
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available
Community & HOA
HOA
- Has HOA: Yes
- Services included: Common Areas, Other, See Remarks, Water
- HOA fee: $6,114 annually
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $562/sqft
- Tax assessed value: $848,395
- Annual tax amount: $6,217
- 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
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Price change | $1,295,000-3.7%$562/sqft |
Source:  SFARMLS #202603245 Report a problem | ||
| 8/26/2026 | Price change | $1,345,000-3.6%$584/sqft |
Source: SFARMLS #202603245 Report a problem | ||
| 7/24/2026 | Listed for sale | $1,395,000+27.4%$605/sqft |
Source: SFARMLS #202603245 Report a problem | ||
| 4/24/2026 | Sold | -- |
Source: SFARMLS #202600624 Report a problem | ||
| 3/22/2026 | Pending sale | $1,095,000$475/sqft |
Source: SFARMLS #202600624 Report a problem | ||
| 3/2/2026 | Listed for sale | $1,095,000-6.4%$475/sqft |
Source: SFARMLS #202600624 Report a problem | ||
| 1/1/2026 | Listing removed | $1,170,000$508/sqft |
Source: SFARMLS #202503422 Report a problem | ||
| 10/28/2025 | Price change | $1,170,000-2.1%$508/sqft |
Source: SFARMLS #202503422 Report a problem | ||
| 9/23/2025 | Price change | $1,195,000-2.4%$519/sqft |
Source: SFARMLS #202503422 Report a problem | ||
| 9/3/2025 | Price change | $1,225,000-1.9%$532/sqft |
Source: SFARMLS #202503422 Report a problem | ||
| 7/30/2025 | Listed for sale | $1,249,000+112.1%$542/sqft |
Source: SFARMLS #202503422 Report a problem | ||
| 8/18/2012 | Listing removed | $589,000$256/sqft |
Source: Sotheby's International Realty - #201201316 Report a problem | ||
| 7/19/2012 | Price change | $589,000-3.4%$256/sqft |
Source: Sotheby's International Realty - #201201316 Report a problem | ||
| 6/3/2012 | Listed for sale | $610,000$265/sqft |
Source: Sotheby's International Realty - #201201316 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,217 +2.6% | $819,082 +3% |
| 2024 | $6,060 -9.1% | $795,226 -6.4% |
| 2023 | $6,666 +38.8% | $849,291 +39.8% |
| 2022 | $4,802 +1.6% | $607,398 +3% |
| 2021 | $4,728 -1.1% | $589,707 +196.4% |
| 2020 | $4,782 -5.9% | $198,981 -4.5% |
| 2019 | $5,082 -0.7% | $208,251 |
| 2018 | $5,119 | $208,251 |
| 2017 | $5,119 -0.4% | $208,251 -6.2% |
| 2016 | $5,141 | $222,134 -0.7% |
| 2015 | $5,141 -4.7% | $223,743 -7.6% |
| 2014 | $5,396 +7.3% | $242,214 |
| 2013 | $5,028 -11.6% | -- |
| 2012 | $5,690 +1.4% | -- |
| 2011 | $5,613 +4.5% | -- |
| 2010 | $5,374 +5.7% | -- |
| 2009 | $5,085 +4.2% | -- |
| 2008 | $4,877 +89.2% | -- |
| 2005 | $2,578 +15.5% | -- |
| 2004 | $2,232 -7% | -- |
| 2003 | $2,400 +5.4% | -- |
| 2002 | $2,277 +15.6% | -- |
| 2001 | $1,970 +3.5% | -- |
| 2000 | $1,904 | $105,517 |
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: 87501
Nearby schools
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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