237 E Palace Ave Santa Fe, NM 87501
Downtown Santa Fe NeighborhoodEstimated payment $17,289/month
Highlights
- 0.59 Acre Lot
- Wood Flooring
- No HOA
- Carlos Gilbert Elementary School Rated A-
- 2 Fireplaces
- 2-minute walk to Triangle Park
About This Home
237 E Palace Avenue – A Rare Historic Treasure in the Heart of Santa Fe. For the collector of legacy, the builder of distinction, and the seeker of permanence, 237 is an offering of remarkable pedigree and potential. Nestled in the cultural heart of Santa Fe and steeped in New Mexico’s artistic and architectural lineage, this historic 1880s adobe—most recently home to the acclaimed Peyton Wright Gallery—invites a transformative vision: the creation of a world-class residential estate behind one of downtown’s most storied facades. Imagine 5,760 square feet of elegant, adaptive space with a voluminous second floor perfect for a private primary suite, art studio, or retreat. The current configuration—meticulously renovated in 1998 to preserve architectural integrity while supporting gallery use, features wide galleries, high ceilings, and open circulation—lending itself naturally to a bespoke luxury residence, Live/work collector's space, or discreet family compound with ample room to build a guest casita or carriage house on the .59-acre lot. This is more than a property—it is a cultural artifact and a blank slate, ready to be shaped by a sophisticated hand. Whether you are seeking a singular private residence, a refined downtown pied-a-terre, or an architectural resurrection for the next generation, 237 E Palace Avenue is that rare opportunity where heritage, scale, and location converge.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,525
Year Built
- Built in 1876
Lot Details
- 0.59 Acre Lot
- Property is zoned BCD,Historic, BCDEAS, Historic Eastside
Parking
- 30 Parking Spaces
Home Design
- Territorial Architecture
- Frame Construction
- Pitched Roof
- Stucco
- Adobe
Interior Spaces
- 5,760 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Gas Cooktop
- Basement
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Carlos Gilbert Elementary School
- Milagro Middle School
- Santa Fe High School
Utilities
- Refrigerated Cooling System
- Central Air
- Radiant Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 010513536
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 |
|---|---|---|---|---|
| 2024 | $20,525 | $1,911,823 | $644,679 | $1,267,144 |
| 2023 | $20,758 | $1,936,607 | $644,679 | $1,291,928 |
| 2022 | $15,171 | $1,393,046 | $644,679 | $748,367 |
| 2021 | $14,170 | $430,995 | $214,892 | $216,103 |
| 2020 | $19,001 | $581,790 | $342,653 | $239,137 |
| 2019 | $19,080 | $581,790 | $342,653 | $239,137 |
| 2018 | $18,899 | $574,441 | $342,653 | $231,788 |
| 2017 | $19,620 | $592,436 | $342,653 | $249,783 |
| 2016 | $19,019 | $590,430 | $342,653 | $247,777 |
| 2015 | $18,815 | $592,853 | $342,653 | $250,200 |
| 2014 | $18,868 | $599,400 | $513,466 | $85,934 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $2,950,000 | -- | $512 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Contract Of Sale | $945,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,800,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,188,750 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $438,883 | Stand Alone Second | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $895,000 | Seller Take Back |
Source: Santa Fe Association of REALTORS®
MLS Number: 202501389
APN: 010513536
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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 Ten-X are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.
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