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Madrid Homes for Sale

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  • 2882 New Mexico 14, Los Cerrillos, NM 87010
    2882 New Mexico 14, Los Cerrillos, NM 87010
    2882 New Mexico 14, Los Cerrillos, NM 87010
    /68

    $575,000

    • 2 Beds
    • 2 Baths
    • 2,094 Sq Ft

    2882 New Mexico 14, Los Cerrillos, NM 87010

    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 lots of privacy. This home offers an open floorplan, including a large kitchen, a bedroom and office

    Skipton Adams #SoldBySkip

    2882 New Mexico 14, Los Cerrillos, NM 87010
  • 6 Harvey Rd, Cerrillos, NM 87010
    6 Harvey Rd, Cerrillos, NM 87010
    6 Harvey Rd, Cerrillos, NM 87010
    /22

    $350,000

    $45K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 1,316 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 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,

    Michael Sanford Barker Realty, LLC

    6 Harvey Rd, Cerrillos, NM 87010
  • 2805 New Mexico 14, Los Cerrillos, NM 87010
    2805 New Mexico 14, Los Cerrillos, NM 87010
    2805 New Mexico 14, Los Cerrillos, NM 87010
    /16

    $160,000

    $39K PRICE DROP
    • Land
    • 1.53 Acres
    • $104,575 per Acre

    2805 New Mexico 14, Los Cerrillos, NM 87010

    Rare opportunity to purchase five contiguous vacant lots being sold together 1.5337 acres with Water Electric and septic availabl this offering is a unique chance to rebuild or develop in a setting with key utilities already in place. The property features a private well, septic system, and electric service, providing a strong starting point for future construction. With multiple lots included,

    Leland Titus Santa Fe Realty Unlimited

    2805 New Mexico 14, Los Cerrillos, NM 87010
  • 34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    /30

    $105,000

    $15K PRICE DROP
    • Land
    • 32,670 Sq Ft
    • $140,000 per Acre

    34 Ice House Rd, Madrid, NM 87010

    Rare Ready-to-Build Turnkey 0.75-Acre Lot in Madrid, NM – Well, Power, Flat & Zoned Commercial/ResidentialUnlike 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

    Michael Sanford Barker Realty, LLC

    34 Ice House Rd, Madrid, NM 87010
  • 5 S Arroyo, Cerrillos, NM 87010
    5 S Arroyo, Cerrillos, NM 87010
    5 S Arroyo, Cerrillos, NM 87010
    /21

    $250,000

    • 1 Bed
    • 1 Bath
    • 779 Sq Ft

    5 S Arroyo, Cerrillos, NM 87010

    Rare opportunity to own one of the miners' shacks 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

    Laurie Frantz Real Broker LLC

    5 S Arroyo, Cerrillos, NM 87010
  • 2872 State Highway 14 N, Cerrillos, NM 87010
    2872 State Highway 14 N, Cerrillos, NM 87010
    2872 State Highway 14 N, Cerrillos, NM 87010
    /12

    $410,000

    • 2 Beds
    • 1 Bath
    • 1,400 Sq Ft

    2872 State Highway 14 N, Cerrillos, NM 87010

    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

    Terrance Polly Cholla Properties

    2872 State Highway 14 N, Cerrillos, NM 87010
  • 1 Opera House Rd, Cerrillos, NM 87010
    1 Opera House Rd, Cerrillos, NM 87010
    1 Opera House Rd, Cerrillos, NM 87010
    /45

    $450,000

    $50K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,750 Sq Ft

    1 Opera House Rd, Cerrillos, NM 87010

    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

    Cindy Sheff Sotheby's Int. RE/Grant

    1 Opera House Rd, Cerrillos, NM 87010
  • 2863 Nm 14 Hwy, Madrid, NM 87010
    2863 Nm 14 Hwy, Madrid, NM 87010
    2863 Nm 14 Hwy, Madrid, NM 87010
    /41

    $875,000

    • 1 Bed
    • 1.5 Baths
    • 1,581 Sq Ft

    2863 Nm 14 Hwy, Madrid, NM 87010

    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

    Rachel Heath Keller Williams Realty

    2863 Nm 14 Hwy, Madrid, NM 87010
New Mexico Santa Fe County Cerrillos Madrid

Real Estate & Homes for Sale in Madrid, Cerrillos

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.
Learn more about living in Madrid

Madrid Home Prices vs. Nearby Cerrillos, NM Neighborhoods

Madrid Los Cerrillos Algodones Chimayo
Median Home Price
$440,500
$555,000
$409,950
$389,000
Median Sale Price
$374,000
-2% YoY
$146,250
-72% YoY
$95,000
-81% YoY
$415,000
+75% YoY
Median Single Family Price
$374,000
$432,000
$360,000
$332,450
Total Active Listings
8
5
1
10
Market Conditions
12 Months of Supply
Buyer's Market
15 Months of Supply
Buyer's Market
12 Months of Supply
Buyer's Market
13 Months of Supply
Buyer's Market

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 is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. 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% of residents renting and 74% 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.
Is Madrid, NM a safe neighborhood?
Madrid, NM is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Madrid?
The median home price in Madrid is $440,500. If you put a 20% down payment of $88,100 and had a 30-year fixed mortgage with an interest rate of 6.49%, your estimated principal and interest payment would be $2,230 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $96K a year to afford the median home price in Madrid. Learn how much home you can afford with our Home Affordability Calculator. 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, 87507, 87540 and 87001.
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.
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