Madrid Real Estate

202602544 MLS

Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!

2863 Nm 14 Highway, Madrid

$875,000

1 Beds ⋅ 2 Baths ⋅ 202602542 MLS

Charming Bungalow in the heart of the commercial district in Madrid! Incredible opportunity to live/work, enjoy separate studio space, live behind or rent out the apartment on Airbnb. Mixed use zoning allows residential or commercial use. This 1931 architectural gem has been lovingly and thoughtfully remodeled. New windows, doors, tile, and plaster compliment the vaulted ceilings and hardwood floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!

2863 Nm 14 Highway, Madrid

$410,000

2 Beds ⋅ 1 Baths ⋅ 202602489 MLS

A potentially commercial/residential property in heart of the popular artist and entertainment tourist destination, Madrid New Mexico is right on the Turquoise Trail National Scenic Byway, Hwy 14. Property is perfectly situated for a vacation rental, retail/gallery or home. Covered front porch entrance into a spacious and sunlit front room-gallery, kitchen, bathroom, bedroom, and a back room that could be a second bed room or an office. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia. There are two restaurants within a ten minute walk, Owner may finance with acceptable down payment of $143,500 at 7%.

2872 Nm 14, Madrid

$350,000

1 Beds ⋅ 1 Baths ⋅ 202601216 MLS

On a hillside within a few minutes' walk of the entertainment and dining in Madrid, this well maintained two-story home is sure to charm. Outside, the terraced lot leads up to a separate studio space with a loft. The white exterior and pitched metal roof add desert style, and a back patio provides space for outdoor relaxation. Inside, the home opens into a spacious living room with wood heat, wood flooring, and a viga ceiling. The kitchen has brick flooring, large windows and a glass door to the patio. A large, open bedroom is situated on the second floor above the kitchen with ample light and the lot's elevation allows for views over the town.

6 Harvey, Madrid

$875,000

202600307 MLS

Commercially zoned property in the heart of the quintessential historic town of Madrid, perfectly located on vibrant Main Street in a highly desirable location to capture business from tourists and locals alike. Madrid is a fun and colorful community just outside of Santa Fe and is the most popular visitor stop along the National Scenic Byway, the Turquoise Trail, making it an ideal day trip linking Santa Fe and Albuquerque. The Trail attracts visitors from all over the world who come to experience the rich culture and history of this picturesque Western town. The property features a fully equipped commercial kitchen and is being sold fully furnished and equipped to operate a successful restaurant. It also boasts a state-of-the-art fire alarm system. Currently leased to The Refinery, offering a solid investment opportunity with a high cap rate and return. At one time, the property operated as two businesses, a retail space in the Santa Fe Railroad railcar situated on site; the railcar is now configured as additional indoor dining. The property offers both indoor and outdoor dining experiences, with the outdoor space overlooking the Madrid Museum and long serving as a dynamic setting for dining and live music. Designated parking is conveniently located along State Highway 14 directly in front of the restaurant.

2849 Nm 14, Madrid

$450,000

3 Beds ⋅ 2 Baths ⋅ 202600581 MLS

This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette, currently serving as a rental. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity. Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof. The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage, while the guest house features its own stackable washer/dryer. Additional storage is available in the outbuilding and walk-in crawl space. A fenced yard provides shade and a secure space for pets. From the classic front porch, enjoy views of the vibrant historic village and the scenic Turquoise Trail. The location offers easy walkability to restaurants, galleries, and the general store, with Cerrillos State Park nearby and convenient access to both Santa Fe and Albuquerque

1 Opera House Road, Madrid

$650,000

1 Baths ⋅ 202502015 MLS

Two hundred and thirty mountain top acres with a PVC dome featuring all modern conveniences near Madrid. On two lots with two wells, this private getaway awaits the adventurous soul who wants to get above it all while still being connected. With 360 degree views from the mountain top, and the dome sited on a slope with amazing views of the Sangre de Cristo's, buyers will find this to be an incomparable view property. This far out, the Milky Way will shine bright, and the wood fired hot tub is the perfect place to stargaze from after a day of exploring the mountain. The dome has a small kitchen, bathroom, loft storage area, mini-split for heating and cooling, a luxurious glamping hideout or a cozy full time home. The solar system is modern and robust, and sewage is handled by an innovative bio-gas system. Closer than it feels, the property is just a half mile from the pavement, but that half mile is a steep and rocky climb, and a 4x4 with some clearance is recommended.

0 Grateful, Madrid

$105,000

202404699 MLS

Rare Ready-to-Build Turnkey 0.75-Acre Lot in Madrid, NM – Well, Power, Flat & Zoned Commercial/Residential Unlike typical off-grid NM land, this leveled parcel has water well + electricity on-site. Walk to art galleries, restaurants, coffee shops, general store. Stunning canyon views to Waldo Mesa & Cerrillos Hills. Rural commercial overlay allows live-work builds in historic style. Madrid Landowners Assoc. $20/yr. Just 17 mi to Santa Fe, easy Hwy 14 access. Owner may carry w/ 30% down.

34 Ice House Road, Madrid

$795,000

3 Beds ⋅ 3 Baths ⋅ 202403116 MLS

Mesa-top views, space and privacy from this substantial off-grid home on 53 acres, two miles from Madrid and Highway 14. Primary residence is 4474 square feet all on one level, with generous, ample rooms, an open concept kitchen, a separate media nook, home office, and a light-filled living room. A kiva fireplace warms the dining area. Two large bedrooms and two bathrooms are in the main home. A separate upstairs apartment has its own kitchen and bath. The home features rammed earth construction with exterior walls two feet thick, and plaster interiors, radiant flooring, and solar power. The upstairs apartment, with its own entrance, is 1008 sq. ft. and offers guest, caretaker, or rental opportunities. 1132 sq. ft. of shop and garage space provides room for parking up to 5 cars. Acreage would be ideal has for gardening, horses, etc. Home has some deferred maintenance and needs finishing in places, and is priced accordingly, bring your vision and energy for an opportunity for considerable sweat equity.

115 Waldo Mesa, Madrid

Madrid Real Estate

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