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 floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
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 floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
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 floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
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 floors. Mixing traditional and contemporary styles there are new lighting fixtures, black slate floors and old beams. The gallery space in the front has 14 foot ceilings and feels light, airy and welcoming. It has been a successful gallery for 25 years. The front yard has a mature garden and drip irrigation, new redwood/steel fencing and is set up for selling sculpture. The apartment behind feels spacious, has black slate kitchen floors and countertops, new lighting, windows and original hardwood floors. The apartment has a walk out deck with a roof for shaded outdoor living and especially to enjoy the spectacular New Mexico starry night skies. The deck overlooks a very ample fenced gravel backyard with steel garden beds. There are also two shaded side yards to enjoy. The studio is set up for making art and has wonderful light. Each space has a mini-split heat/Ac system. There is a private paved driveway that parks three cars and two additional parking spots on the roadway. There is a full basement for storage. Madrid is a popular destination for locals and tourists. On the scenic Turquoise Trail it has restaurants, galleries, shops, studios and hiking trails. This turnkey property with proven income generation is an opportunity to realize your commercial visions whether it's a home, gallery, studio, cafe, Airbnb or whatever you dream up!
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 could be a second bed room or an office. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia. There are two restaurants within a ten minute walk, Owner may finance with acceptable down payment of $143,500 at 7%.
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 could be a second bed room or an office. Basement area, sun room and yard.. 23 miles from Santa Fe, Madrid attracts visitors from both Santa Fe and Albuquerque as well as National and International tourists and is famous for its many unique shops and galleries, Christmas light display, 4th of July and Christmas Parades, and Maggie's Diner biker photo op and Wild Hogs movie memorabilia. There are two restaurants within a ten minute walk, Owner may finance with acceptable down payment of $143,500 at 7%.
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, wood flooring, and a viga ceiling. The kitchen has brick flooring, large windows and a glass door to the patio. A large, open bedroom is situated on the second floor above the kitchen with ample light and the lot's elevation allows for views over the town.
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 lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof. The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage, while the guest house features its own stackable washer/dryer. Additional storage is available in the outbuilding and walk-in crawl space. A fenced yard provides shade and a secure space for pets. From the classic front porch, enjoy views of the vibrant historic village and the scenic Turquoise Trail. The location offers easy walkability to restaurants, galleries, and the general store, with Cerrillos State Park nearby and convenient access to both Santa Fe and Albuquerque
Two hundred and thirty mountain top acres with a PVC dome featuring all modern conveniences near Madrid. On two lots with two wells, this private getaway awaits the adventurous soul who wants to get above it all while still being connected. With 360 degree views from the mountain top, and the dome sited on a slope with amazing views of the Sangre de Cristo's, buyers will find this to be an incomparable view property. This far out, the Milky Way will shine bright, and the wood fired hot tub is the perfect place to stargaze from after a day of exploring the mountain. The dome has a small kitchen, bathroom, loft storage area, mini-split for heating and cooling, a luxurious glamping hideout or a cozy full time home. The solar system is modern and robust, and sewage is handled by an innovative bio-gas system. Closer than it feels, the property is just a half mile from the pavement, but that half mile is a steep and rocky climb, and a 4x4 with some clearance is recommended.
Madrid is located in New Mexico. Madrid, New Mexico has a population of 276. Madrid is less family-centric than the surrounding county with 18.61% of the households containing married families with children. The county average for households married with children is 23.22%.
The median household income for the surrounding county is $64,423 compared to the national median of $69,021. The median age of people living in Madrid is 59.6 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 15 inches per year, with 31.1 inches of snow per year.
