New Price! Seller financing may be available with acceptable terms. Rare opportunity to own 40 usable acres in Edgewood with a move-in ready 3BR/2BA home, private well, septic, and infrastructure already in place. Ideal for homesteading, hobby farming, horses, livestock, RVs, equipment, or simply enjoying a private country lifestyle with wide-open skies and mountain views. The home features refrigerated A/C, electric forced-air heat, and a woodstove for backup. Property includes a 3,000-gallon cistern, garden area with drip irrigation, 3-car carport, 40' storage container, two greenhouses, and chicken coop/run (chickens may convey). Matterport 3D tour available. Acreage may offer future development or split potential, subject to county approval and buyer due diligence.
For sale
Price cut: $25K (6/3)
$399,000
78 Drake Rd, Edgewood, NM 87015
3beds
1,190sqft
Manufactured Home, Single Family Residence
Built in 2016
40 Acres Lot
$389,500 Zestimate®
$335/sqft
$-- HOA
What's special
Mountain viewsWoodstove for backupWide-open skiesTwo greenhousesElectric forced-air heat
- 71 days |
- 382 |
- 23 |
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: $335/sqft
- Tax assessed value: $76,237
- Annual tax amount: $824
- Date on market: 4/3/2026
- Cumulative days on market: 72 days
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Road surface type: Dirt
- Body type: Single Wide
Estimated market value
$389,500
$370,000 - $409,000
$1,317/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
|---|---|---|
| 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
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 87015
Nearby schools
GreatSchools rating
- 9/10South Mountain Elementary SchoolGrades: K-5Distance: 1.7 mi
- 7/10Edgewood Middle SchoolGrades: 6-8Distance: 4.5 mi
- 5/10Moriarty High SchoolGrades: 9-12Distance: 13.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- Santa Fe County
- Edgewood
- 87015
- 78 Drake Rd
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