Seller financing available with below-market rates for qualified buyers. Ask about financing that may make ownership more affordable than many rental options. Rare opportunity to own 40 usable acres in Edgewood with the water, infrastructure, and improvements already in place to start enjoying country living from day one. A private 600' well producing approximately 25 GPM feeds a 3,000-gallon cistern, complemented by a conventional septic system and an established garden area with drip irrigation and timers. The clean, well-maintained 2016 Clayton home is situated on a permanent foundation and offers 3 BR / 2 BA with refrigerated A/C, electric forced-air heat, and a woodstove for backup heat and ambiance. Recent improvements include a metal roof, water heater, refrigerator, and carpet. Whether your vision includes homesteading, horses, livestock, hobby farming, RVs and equipment, or simply a private retreat with room to breathe, the property is ready for it. Additional improvements include a 3-car carport, 40' storage container, two greenhouses, and chicken coop with secure run. Enjoy wide-open New Mexico skies, mountain views, memorable sunrises and sunsets, and very little traffic. The acreage may also offer future development or split potential. Santa Fe County Residential Estate zoning has a 2.5-acre minimum lot size; any subdivision or development is subject to county approval and independent buyer due diligence. Matterport 3D tour available--explore the home online before your visit. Seller financing terms are negotiable and subject to seller approval.
For sale
Price cut: $14.1K (9/3)
$384,900
78 Drake Rd, Edgewood, NM 87015
3beds
1,190sqft
Manufactured Home, Single Family Residence
Built in 2016
40 Acres Lot
$378,700 Zestimate®
$323/sqft
$-- HOA
What's special
Permanent foundationMountain viewsTwo greenhousesMetal roofWater heaterElectric forced-air heat
- 163 days
- 410
- 16
Zillow last checked:
Listing updated:
Listed by:
Stephen Hardy 505-629-0010,
Hardy & Company 505-629-0010
Source: SWMLS,MLS#: 1101051
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Area: 180
- Dimensions: 12 x 15
Bedroom 2
- Level: Main
- Area: 135
- Dimensions: 9 x 15
Bedroom 3
- Level: Main
- Area: 99
- Dimensions: 9 x 11
Kitchen
- Level: Main
- Area: 78
- Dimensions: 13 x 6
Living room
- Level: Main
- Area: 225
- Dimensions: 15 x 15
Heating
- Electric, Forced Air, Wood Stove
Cooling
- Refrigerated
Appliances
- Included: Dishwasher, Free-Standing Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup
Features
- Ceiling Fan(s), Kitchen Island, Main Level Primary
- Flooring: Carpet, Vinyl
- Windows: Casement Window(s), Vinyl
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 1,190
- Total interior livable area: 1,190 sqft
Property
Parking
- Total spaces: 3
- Parking features: Carport
- Carport spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard, Skirting
- Has view: Yes
Lot
- Size: 40 Acres
- Features: Views
Details
- Additional structures: Other, See Remarks
- Parcel number: 096008482
- Zoning description: R-1
- Horses can be raised: Yes
Construction
Type & style
- Home type: MobileManufactured
- Architectural style: Mobile Home
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Foundation: Permanent
- Roof: Metal,Pitched
Condition
- Resale
- New construction: No
- Year built: 2016
Details
- Builder model: Clayton - Maximizer
- Builder name: Clayton Homes
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Electricity Connected
Green energy
- Energy generation: None
Community & HOA
Location
- Region: Edgewood
Financial & listing details
- Price per square foot: $323/sqft
- Tax assessed value: $91,687
- Annual tax amount: $824
- Date on market: 4/3/2026
- Cumulative days on market: 164 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Road surface type: Dirt
- Body type: Single Wide
Estimated market value
$378,700
$360,000 - $398,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $384,900-3.5%$323/sqft |
Source:  SWMLS #1101051 Report a problem | ||
| 6/3/2026 | Price change | $399,000-5.9%$335/sqft |
Source: SWMLS #1101051 Report a problem | ||
| 4/24/2026 | Price change | $424,000-3.4%$356/sqft |
Source: SWMLS #1101051 Report a problem | ||
| 4/3/2026 | Listed for sale | $439,000$369/sqft |
Source: SWMLS #1101051 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $824 +20.2% | $91,687 +20.3% |
| 2024 | $686 +1% | $76,237 |
| 2023 | $679 -20.1% | $76,237 -19.5% |
| 2022 | $850 +8.6% | $94,650 +8.8% |
| 2021 | $783 +48.8% | $87,000 +346.3% |
| 2020 | $526 -0.1% | $19,494 |
| 2019 | $527 -0.1% | $19,494 |
| 2018 | $527 | $19,494 +6.3% |
| 2017 | $527 +6.2% | $18,333 -34.5% |
| 2016 | $496 | $28,000 +5% |
| 2015 | $496 -32.3% | $26,667 +0.1% |
| 2014 | $732 | $26,640 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 87015
Nearby schools
Schools provided by the listing agent
- Elementary: South Mountain
- Middle: Edgewood
- High: Moriarty
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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