8

Madrid Homes for Sale

Section Image Section Image
  • 2829 New Mexico 14, Madrid, NM 87010
    2829 New Mexico 14, Madrid, NM 87010
    2829 New Mexico 14, Madrid, NM 87010
    /35

    $379,000

    • 2 Beds
    • 1 Bath
    • 964 Sq Ft

    2829 New Mexico 14, Madrid, NM 87010

    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

    Agent Photo

    Melissa Pippin Carson

    Sotheby's Int. RE/Washington

    (505) 557-1786

    2829 New Mexico 14, Madrid, NM 87010
  • 2864 New Mexico 14, Los Cerrillos, NM 87010
    2864 New Mexico 14, Los Cerrillos, NM 87010
    2864 New Mexico 14, Los Cerrillos, NM 87010
    /11

    $595,000

    • 3 Beds
    • 2.5 Baths
    • 1,424 Sq Ft

    2864 New Mexico 14, Los Cerrillos, NM 87010

    This commercial property with 2 apartments and a casita i on Highway 14 is located in the center of Madrids business district. Madrid is an eccentric and creative town located twenty miles south of Santa Fe. There are many shops, galleries and restaurants and other year round attractions. This is a turnkey commercial property that has a new roof, new electrical work installed a new hot water

    Terrance Polly Cholla Properties

    2864 New Mexico 14, Los Cerrillos, NM 87010
  • 2819 New Mexico 14, Los Cerrillos, NM 87010
    2819 New Mexico 14, Los Cerrillos, NM 87010
    2819 New Mexico 14, Los Cerrillos, NM 87010
    /38

    $399,000

    • 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 full 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

    LaDonna Keating MORE Realty

    2819 New Mexico 14, Los Cerrillos, NM 87010
  • 2881 & 2883-B Nm 14, Cerrillos, NM 87010
    2881 & 2883-B Nm 14, Cerrillos, NM 87010
    2881 & 2883-B Nm 14, Cerrillos, NM 87010
    /20

    $600,000

    • Land
    • 0.37 Acre
    • $1,621,622 per Acre

    2881 & 2883-B Nm 14, Cerrillos, NM 87010

    Rare opportunity to own the only two adjoining undeveloped commercial lots in Madrid’s business district along the historic Turquoise Trail. Located at 2881 & 2883 B State Hwy. 14, these properties offer 140 feet of highway frontage with excellent visibility and high daily traffic. Each lot is approximately 8,000 sq. ft., with utilities (water and power) at the property lines and the potential to

    Leland Titus Santa Fe Realty Unlimited

    2881 & 2883-B Nm 14, Cerrillos, NM 87010
  • 2817 New Mexico 14, Madrid, NM 87010
    2817 New Mexico 14, Madrid, NM 87010
    2817 New Mexico 14, Madrid, NM 87010
    /3

    $1

    • Land
    • 0.09 Acre
    • $11 per Acre

    2817 New Mexico 14, Madrid, NM 87010

    Contingent Offer Accepted with 168 Hour Contingency Removal. WHAT'S THE CATCH? This lot is ONLY being sold with the property next door. That's right...TWO LOTS AND A HOUSE!!! This lot is being sold ONLY with the lot and house next door, 2819 N Hwy 14 only, total is $437,000 as a package deal MLS #1086787. BE IN THE HEART OF MADRID!!! You can build or use as additional parking for the Residential

    The Peak Team MORE Realty, Inc

    2817 New Mexico 14, Madrid, NM 87010
  • 2859 Nm 14, Madrid, NM 87010
    2859 Nm 14, Madrid, NM 87010
    2859 Nm 14, Madrid, NM 87010
    /65

    $949,000

    • 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
  • 2 Grasshopper Rd, Madrid, NM 87010
    2 Grasshopper Rd, Madrid, NM 87010
    2 Grasshopper Rd, Madrid, NM 87010
    /25

    $274,500

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

    2 Grasshopper Rd, Madrid, NM 87010

    Fix 'em up!--project opportunity in Madrid on nice view lot. Recent price improvement, too. Two homes, two addresses---2 Grasshopper and 29 Backroad, both one of a kind, Madrid-style structures, of stone, wood, and metal siding, both with striking views of hillsides, mountains and town. The much-loved home and semi- industrial metal building --the "warehouse/apartment" will make great projects!

    Barbara Graham Barker Realty, LLC

    2 Grasshopper Rd, Madrid, NM 87010
  • 34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    34 Ice House Rd, Madrid, NM 87010
    /30

    $120,000

    • Land
    • 0.75 Acre
    • $160,000 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
New Mexico Santa Fe County Cerrillos Madrid

Real Estate & Homes for Sale in Madrid, Cerrillos

Learn more about living in Madrid

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 26.3% 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.
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 $449,000. If you put a 20% down payment of $89,800 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $2,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K 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.

Home Trends in Madrid, NM

On average, homes in Madrid, Cerrillos sell after 126 days on the market compared to the national average of 53 days. The median sale price for homes in Madrid, Cerrillos over the last 12 months is $435,000, up 20% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$435,000
Median Single Family Sale Price
$417,000
Average Price Per Sq Ft
$591
Number of Homes for Sale
7
Last 12 months Home Sales
5
Months of Supply
16.80
Median List Price
$449,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
20%
How to Buy a Home How to Finance a Home How to Sell a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group