159 El Rey Dr Corrales, NM 87048
Estimated payment $5,248/month
Highlights
- Private Pool
- Pueblo Architecture
- Separate Formal Living Room
- Corrales Elementary School Rated A-
- 4 Fireplaces
- Great Room
About This Home
This dual-gated .94-acre estate in Corrales is a stunning Ed Paschich custom and well-maintained home, offering privacy and panoramic mountain views that dominate the day, while city lights provide a stunning nightly backdrop to your private pool and hot tub. The interior stays true to its roots with exposed adobe walls, raised latilla ceilings, and classic brick floors throughout. Recent major improvements ensure a worry-free transition: new windows and exterior doors (2023), well pump (2023), HVAC (2020), and a full-perimeter coyote fence (2019). Combining historic Southwest character with modern infrastructure, this property provides a serene sanctuary for the discerning buyer seeking beauty, security, and a deep connection to the high-desert landscape. Your own Corrales oasis awaits
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,837
Year Built
- Built in 1985
Lot Details
- 0.94 Acre Lot
- North Facing Home
- Gated Home
- Landscaped
- Private Yard
- Zoning described as A-1
Parking
- 3 Car Attached Garage
- Workshop in Garage
Home Design
- Pueblo Architecture
- Flat Roof Shape
- Permanent Foundation
- Slab Foundation
- Insulated Concrete Forms
- Tar and Gravel Roof
- Stucco
- Adobe
Interior Spaces
- 3,401 Sq Ft Home
- Property has 1 Level
- Bookcases
- Beamed Ceilings
- Skylights
- 4 Fireplaces
- Double Pane Windows
- Insulated Windows
- Entrance Foyer
- Great Room
- Separate Formal Living Room
- Multiple Living Areas
- Home Office
- Utility Room
- Property Views
Kitchen
- Breakfast Area or Nook
- Double Oven
- Cooktop
- Dishwasher
- Wine Cooler
Flooring
- Brick
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Dual Sinks
- Garden Bath
Laundry
- Dryer
- Washer
Home Security
- Security Gate
- Intercom
- Fire and Smoke Detector
Eco-Friendly Details
- Heating system powered by passive solar
Pool
- Private Pool
- Spa
- Pool Cover
Outdoor Features
- Patio
- Shed
Schools
- Corrales Elementary School
- Taylor Middle School
- Cibola High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Irrigation Water Rights
- Private Water Source
- Well
- Water Softener is Owned
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- Built by Ed Paschich
- Loma Larga Subdivision
Listing and Financial Details
- Assessor Parcel Number R143395
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,575 | $216,245 | $34,963 | $181,282 |
| 2024 | $6,682 | $209,946 | $33,375 | $176,571 |
| 2023 | $6,682 | $203,831 | $32,266 | $171,565 |
| 2021 | $6,348 | $192,131 | $30,599 | $161,532 |
| 2020 | $6,161 | $186,535 | $0 | $0 |
| 2019 | $5,336 | $166,684 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/26/2026 01/26/26 | Pending | -- | -- | -- | |
| 01/01/2026 01/01/26 | Price Changed | $900,000 | -5.3% | $265 / Sq Ft | |
| 10/01/2025 10/01/25 | For Sale | $950,000 | 0.0% | $279 / Sq Ft | |
| 09/18/2025 09/18/25 | Pending | -- | -- | -- | |
| 08/28/2025 08/28/25 | For Sale | $950,000 | +65.2% | $279 / Sq Ft | |
| 07/30/2019 07/30/19 | Sold | -- | -- | -- | View Prior Sale |
| 05/29/2019 05/29/19 | Pending | -- | -- | -- | |
| 05/14/2019 05/14/19 | For Sale | $575,000 | +7.5% | $169 / Sq Ft | |
| 07/23/2015 07/23/15 | Sold | -- | -- | -- | View Prior Sale |
| 06/04/2015 06/04/15 | Pending | -- | -- | -- | |
| 04/16/2015 04/16/15 | For Sale | $535,000 | -- | $157 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Fidelity Natl Title Nm Inc | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $459,942 | New Conventional | |
| Previous Owner | $400,000 | New Conventional |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1090221
APN: 1-014-066-245-508
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