$585,000
$14K PRICE DROP

8, 12, 14 Rico Dr Santa Fe, NM 87506

Estimated payment $3,773/month

Total Views 56,095
1 Bed
1 Bath
748 Sq Ft
$782 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • 1 Fireplace
  • Northern New Mexico Architecture
  • Wood Burning Stove
  • No HOA
  • 10 Car Direct Access Garage

About This Home

Nestled in the serene beauty of Tesuque, this remarkable property offers a unique opportunity for discerning developers. Comprising three separately deeded buildable lots, the expansive property spans a total of roughly 8.3 acres. A standout feature is the adjudicated well, which boasts 1-acre feet of pre-moratorium water rights, ensuring a valuable resource for future development. The property includes a 748-square-foot home, featuring 1 bedroom and 1 bathroom, ideal for a cozy retreat or future guest house. Positioned in the eastern hills of Tesuqe the property borders Tesuque Pueblo land, providing breathtaking views and a sense of tranquility. Whether you're looking to build your dream home or invest in a prime piece of land, this Tesuque property promises endless potential and a coveted location.

Listing Agent

Richard Rochester

Berkshire Hathaway HomeService License #53462 Listed on: 12/23/2024

Berkshire Hathaway HomeService

Co-Listing Agent

Mark Rochester

Berkshire Hathaway HomeService License #20707

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Parking

  • 10 Car Direct Access Garage

Home Design

  • Northern New Mexico Architecture
  • Flat Roof Shape
  • Bitumen Roof
  • Metal Roof

Interior Spaces

  • 748 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Wood Burning Stove

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Schools

  • Tesuque Elementary School
  • Milagro Middle School
  • Santa Fe High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • 8.36 Acre Lot
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 990001994, 48310582, 48601047

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Prop. Type: Residential
  • Horses: Yes
  • Co List Office Mls Id: 203502
  • Co List Office Phone: (505) 982-0330
  • Directions: Call listing broker for directions.
  • Architectural Style: Northern New Mexico
  • Garage Yn: No
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Levels: One
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning Stove
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Interior Steps
  • Living Area: 748.0

Exterior Features

  • Roof: Bitumen, Flat, Metal
  • Disclosures: Lead Based Paint Disclosure

Garage/Parking

  • Parking Features: Direct Access
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Utilities: Electricity Available
  • Heating: Baseboard, Fireplace(s), Hot Water
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Tesuque
  • High School: Santa Fe
  • Middle Or Junior School: Milagro

Lot Info

  • Lot Size Acres: 8.36
  • Land Lease: No
  • Lot Size Sq Ft: 364379.4
  • Parcel #: 990001994, 48310582, 48601047

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $585,000 -2.3% $782 / Sq Ft
12/23/2024 12/23/24 For Sale $599,000 -- $801 / Sq Ft
Source: Santa Fe Association of REALTORS®

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Source: Santa Fe Association of REALTORS®

MLS Number: 202405165

Santa Fe Association of REALTORS®