Madrid Homes under $700,000

Welcome to Madrid, New Mexico – a charming village that beautifully blends history, art, and natural beauty in the heart of Santa Fe County. Nestled in the scenic Ortiz Mountains, Madrid boasts a rich mining heritage, which has transformed into a vibrant arts community. Stroll along the historic main street and discover an eclectic mix of galleries, boutiques, and cozy cafés, where local artists showcase their talents and visitors can find unique treasures.

One of the most appealing aspects of Madrid is its welcoming atmosphere. With a population of just a few hundred residents, this quaint village exudes a tight-knit community vibe, making it an ideal place for those seeking a peaceful retreat. The surrounding landscape offers breathtaking views, outdoor recreational opportunities, and a chance to connect with nature, whether you're hiking, biking, or simply enjoying a leisurely walk.

For homebuyers looking for affordable options, Madrid offers a variety of charming properties under $700,000. You can find quaint adobe-style homes, rustic cabins, and modern retreats, all with character and charm that reflect the unique spirit of the area. Many of these homes feature stunning views of the mountains and easy access to local amenities, making them perfect for both full-time residents and those seeking a weekend getaway.

Discover the magic of Madrid, where artistic inspiration meets serene living. Whether you’re looking for a cozy home or an investment opportunity, this enchanting village has something special waiting for you. Come explore the possibilities in this hidden gem of New Mexico!

Newest Madrid Homes under $700,000

$534,888

3 Beds ⋅ 2 Baths ⋅ 202603890 MLS

This stunning Madrid home is waiting for its artist, offering both residential and commercial potential on two side-by-side lots. The charming home sits up high off the main drag, right on the Turquoise Trail. The large deck out front offers great entertainment potential, with wonderful views and ample privacy. This home offers an open floor plan, including a large kitchen, a bedroom and office downstairs, and a large master suite with a walk-in closet upstairs. There is plenty of natural light, as well as a whole-home water filtration system, including reverse osmosis under the kitchen sink. The large side yard is tastefully landscaped and has a small outbuilding, perfect for an artist studio or gallery. Access and off-street parking are available off Ice House Rd.

2882 Nm 14, 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

$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

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.