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Madrid Homes for Sale

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  • /41

    $449,000

    • 2 Beds
    • 2 Baths
    • 1,080 Sq Ft

    2819 New Mexico 14, Los Cerrillos, NM 87010

    Authentic Magical Madrid Cottage with Creative Spaces! This sun-soaked gem blends possibility with artistic living. The upper level features a one-bedroom, one bathroom, full kitchen owner's suite with a private deck perfect for morning coffee or stargazing. Below, features a flex space like no other. Open floorplan with one bathroom and full kitchen. Great family home. With a separate entrance,

    The Peak Team MORE Realty, Inc

    2819 New Mexico 14, Los Cerrillos, NM 87010
  • /22

    $379,000

    • 1 Bed
    • 1 Bath
    • 1,136 Sq Ft

    6 Harvey Rd, Cerrillos, NM 87010

    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 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,

    Michael Sanford Barker Realty, LLC

    6 Harvey Rd, Cerrillos, NM 87010
  • /50

    $475,000

    • 2 Beds
    • 2 Baths
    • 972 Sq Ft

    49 Backroad, Cerrillos, NM 87010

    Nestled in the heart of historic Madrid village and close to the County greenbelt, this unique .64-acre property offers a blend of charm and functionality. It features a 972-square-foot artistic main home, a 443-square-foot studio complete bath with shower and sink, and a bright, spacious 750-square-foot workshop. The workshop is equipped with a wood stove for heating and a mini-split system that

    Cindy Sheff Sotheby's Int. RE/Grant

    49 Backroad, Cerrillos, NM 87010
  • /3

    $1

    • Land
    • 0.09 Acre
    • $11 per Acre

    2817 New Mexico 14, Madrid, NM 87010

    RC Zoned. Sold with 2819 N Hwy 14 only. Package deal MLS #1086787. Buildable or use as parking lot for 2819 N Hwy 14.

    The Peak Team MORE Realty, Inc

    2817 New Mexico 14, Madrid, NM 87010
  • /65

    $989,000 Open Sat 11AM - 1PM

    • 4 Beds
    • 2.5 Baths
    • 2,978 Sq Ft

    2859 Nm 14, Madrid, NM 87010

    Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing

    Steve Hardy Hardy & Company

    2859 Nm 14, Madrid, NM 87010
  • /56

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,100 Sq Ft

    2 Grasshopper Rd, Madrid, NM 87010

    HUGE 60k Price Improvement on this Opportunity in Madrid! Two homes, two addresses---2 Grasshopper and 29 Backroad. Both are one of a kind, Madrid-funky structures, of stone, wood, and metal siding, and have striking views of hillsides, mountains and town. The much-loved home and semi- industrial metal building --the "warehouse/apartment" will make great projects--live in one while you fix up or

    Barbara Graham Barker Realty, LLC

    2 Grasshopper Rd, Madrid, NM 87010
  • /30

    $120,000

    • Land
    • 0.75 Acre
    • $160,000 per Acre

    34 Ice House Rd, Madrid, NM 87010

    3/4's of an acre with water and power at the edge of Madrid. Within walking distance to all the vibrant art community has to offer, and with easy access to Highway 14. Lot has been leveled in places, allowing for ease of building. Within the Madrid Traditional Community Zoning district, with a rural commercial overlay, this lot allows for both residential and some commercial development.

    Michael Sanford Barker Realty, LLC

    34 Ice House Rd, Madrid, NM 87010

Why Live in Madrid

Madrid, a neighborhood in Cerrillos, is nestled along the scenic Turquoise Trail, featuring homes primarily consisting of miner’s cabins from the 1870s to 1930s. These brightly painted homes often include wraparound porches, pitched metal roofs, and board and batten exteriors, situated on quarter-acre lots with gardens and artist studios. The area is surrounded by desert hills with undeveloped parcels available for those looking to build, though water sourcing can be costly. Madrid is known for its vibrant community and unique attractions, including the Mine Shaft Tavern and Cantina, Refinery 14, and Java Junction. Art enthusiasts can explore local galleries like Indigo Gallery and Belle of the West. The neighborhood lacks a grocery store, with the nearest Walmart Supercenter located 20 miles away in Santa Fe. Residents enjoy outdoor activities at nearby Cerrillos Hills State Park, which offers over 1,100 acres of trails and historic mines. The Oscar Huber Memorial Ballpark hosts local baseball games and special events. Community events, such as the Madrid Christmas Parade, foster a strong sense of local pride. The Turquoise Trail provides picturesque commutes to Santa Fe, 28 miles north, and Albuquerque, 46 miles south. Public transportation is available via North Central Regional Transit District buses. For education, local children attend Santa Fe Public Schools, with Santa Fe High being highly rated. The area has a low crime risk compared to the national average, contributing to its appeal for potential home buyers.

Frequently Asked Questions

Is Madrid a good place to live?
Madrid is a good place to live. Madrid is considered very car-dependent and somewhat bikeable. Madrid has 2 parks for recreational activities. It has a median age of 61. The average household income is $39,031 which is below the national average. College graduates make up 51.7% of residents. A majority of residents in Madrid are home owners, with 26.3% of residents renting and 73.7% of residents owning their home. A local real estate agent serving Madrid can help you decide if this neighborhood is the right one for you. Learn more on our Madrid neighborhood guide.
How much do you need to make to afford a house in Madrid?
The median home price in Madrid is $555,000. If you put a 20% down payment of $111,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,870 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $123K a year to afford the median home price in Madrid. The average household income in Madrid is $39K.
What are the best public schools in Madrid?
The best public schools that serve Madrid are:
What are the most popular zip codes in Madrid, Cerrillos, NM?
The most popular zip codes in Madrid, Cerrillos, NM include 87010, 87508, 87540, 87001 and 87507.
What are the most popular neighborhoods near Madrid, Cerrillos, NM?
The most popular neighborhoods near Madrid, Cerrillos, NM are Los Cerrillos, Galisteo, La Cienega, San Pedro and Eldorado at Santa Fe.

Home Trends in Madrid, NM

Housing Trends

Median Single Family Sale Price
$549,900
Average Price Per Sq Ft
$273
Number of Homes for Sale
1
Last 12 months Home Sales
0
Median List Price
$555,000
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