Cerrillos Homes under $350,000

Welcome to Cerrillos, New Mexico – a hidden gem nestled in the heart of Santa Fe County! Known for its rich history and stunning landscapes, Cerrillos offers a unique blend of small-town charm and artistic spirit. Once a thriving mining town, Cerrillos is now a vibrant community that attracts those seeking a peaceful lifestyle surrounded by breathtaking natural beauty.

Cerrillos is characterized by its picturesque adobe homes, scenic views of the Ortiz Mountains, and a welcoming atmosphere that makes it easy to feel at home. The town boasts a variety of outdoor recreational opportunities, from hiking and biking to exploring the nearby Cerrillos Hills State Park, where you can immerse yourself in the stunning New Mexico scenery. The local art scene is thriving, with galleries and artisan shops showcasing the work of talented locals.

For those looking to plant roots in this enchanting town, Cerrillos offers an array of homes under $350,000. Whether you’re a first-time homebuyer or seeking a charming getaway, you’ll find a variety of options that cater to diverse tastes and budgets. From cozy cottages to spacious family homes, there’s something for everyone.

Cerrillos is not just a place to live; it’s a community where neighbors become friends and where the beauty of nature is just outside your door. Discover the allure of Cerrillos, NM, and find your dream home in this captivating town that truly embodies the spirit of New Mexico!

Newest Cerrillos Homes under $350,000

$334,000

2 Beds ⋅ 1 Baths ⋅ 202603631 MLS

Nestled on 15 gently south-sloping acres north of the Galisteo River in Cerrillos, this private off-grid sanctuary combines established self-sufficiency with sweeping, unobstructed views of Cerro Pelon and the Ortiz Mountains. Located less than 30 minutes from Santa Fe, the property directly borders 535 acres of conservancy land and pueblo ruins, with expansive BLM land stretching beyond. Designed around permaculture principles, the property features a 707 sq ft all-season yurt as the main living space, complemented by a 450 sq ft partially finished guest house. Ideal for creators, makers, or homesteaders, the grounds include an 800 sq ft metal studio/workshop, a greenhouse, and multiple functional outbuildings. Water security and infrastructure are well-established, featuring a private well alongside several onsite water cisterns. The property is reached via an improved gravel driveway, leading to ample parking options, including a dedicated RV parking pad. Peaceful, quiet, and deeply connected to the high-desert landscape, this unique homestead offers a thoughtful foundation for sustainable, independent living. Avion RV may be available as a separate negotiation.

195 Horny Toad, Cerrillos

$350,000

2 Beds ⋅ 1 Baths ⋅ 202603241 MLS

Step into the heart of Madrid’s storied past with this rare 1895 miner’s cabin—originally part of the town’s first subdivision—now beautifully refreshed for modern living. Lovingly preserved and thoughtfully updated, this unique property blends historic character with contemporary comfort, offering endless possibilities for full-time living, an artist’s retreat, or a live/work opportunity thanks to its commercial zoning. Anchored on a full foundation, the home retains its original oak flooring, balanced with new waterproof vinyl flooring in the kitchen and bath for everyday ease. Modern enhancements include a fresh stucco exterior with coded wall insulation, cement siding with new paint, and a new forced-air furnace with A/C coil already in place—making the home ready for future central air. A brand-new septic tank, updated bathroom with engineered marble vanity and new fixtures, and insulated Pella wood/clad windows further enhance both function and charm. The 240± square foot basement offers excellent expansion potential, with plumbing already roughed in for a future bath—perfect for a guest suite, studio, or workspace. Outdoors, a private yard with irrigation and a 250-gallon propane tank supports easy living, while pretty views of the Ortiz Mountains and surrounding hills frame the home with New Mexico’s signature beauty. Connected to Madrid’s water system and just a short stroll from galleries, cafés, and live music, this property is a rare gem: historic, beautifully updated, and ready for its next chapter. The .36 acre lot behind this property is available for purchase if the buyer is interested, please inquire for more information.

2829 State Hwy 14, Cerrillos

$225,000

1 Beds ⋅ 1 Baths ⋅ 202602440 MLS

Rare opportunity to own one of the miners' cottages in Madrid! This house has been lived and worked in by the owners for about 18 years. It is 1b1b with a spacious partial loft upstairs which could be a second bedroom or living/work area. Original frame structure and wood floors in part of the house retain the flavor of mining life. There is a wood deck off the kitchen, with a view of the mountains and old coal apparatus remains. New roof April 2026; 200 amp electric. Madrid is one of New Mexico's treasures, with its history of mining back to the mid-1800s. Madrid was created as a company coal town in 1892, and most of these old structures were brought in on rail cars. Madrid is a thriving community now with a rich history and a sense of fun and commerce. Artsy and quirky, it's known as a destination for filming. About 20 miles south of Santa Fe; 42 miles south to I-40.

5 S Arroyo, Cerrillos

$249,900

2 Beds ⋅ 1 Baths ⋅ 202502046 MLS

Looking for its new owner! Handyman special, nestled in the serene landscapes of Cerrillos! This expansive 24.6-acre property offers a unique opportunity for those seeking tranquility and stunning natural beauty. With breathtaking views that stretch across the horizon, this off-grid retreat is perfect for nature lovers and those looking to escape the hustle and bustle of city life. The cozy 1,240 square foot home features two inviting bedrooms, providing ample space for relaxation and rejuvenation. While the bathroom and kitchen are currently unfinished, this presents a fantastic opportunity for you to customize and create your dream oasis. The property is equipped with a private well and septic system, ensuring your self-sufficient lifestyle in this picturesque setting. Though the home requires some work, the potential is immense. Imagine transforming this space into your ideal sanctuary, surrounded by the captivating beauty of the New Mexico landscape. Whether you envision a rustic retreat, an artist's haven, or a peaceful family getaway, 28 Cliff View is brimming with possibilities. Don’t miss your chance to own a slice of paradise in Cerrillos. Embrace the opportunity to create your dream home in a location that offers both privacy and stunning views. Schedule a visit today and let your imagination run wild! Offered "as is."

28 Cliff View Drive, Cerrillos

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