The median home value in Madrid, NM is $511,000.
This is
higher than
the county median home value of $490,000.
The national median home value is $338,100.
The average price of homes sold in Madrid, NM is $511,000.
Approximately 24.81% of Madrid homes are owned,
compared to 53.38% rented, while
21.81% are vacant.
Madrid real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Madrid real estate agent to arrange a tour today!
Prime Property on Madrid’s Main Strip !! Discover an exceptional opportunity in the heart of Madrid, NM! This 3-bedroom, 1-bathroom property is ideally located on the vibrant main strip, offering unmatched potential as both a residence and a commercial space. Zoned for both uses, this home is perfect for an art studio, gallery, or creative business venture. The Casita is a great rental opportunity. The home has been thoughtfully updated with numerous upgrades, blending modern comforts with Madrid’s unique charm. A standout feature is the custom-built catio, new butcher block ,new counter tops and cabinets, upgraded appliances. Home also has upgraded electrical, 220 Amp. Seller spent around 23,000 upgrading the home. The Home boast tons of storage space, the attic plus the outdoor shed. Whether you’re looking to live, work, or create in one of New Mexico’s most artistic communities, this property offers endless possibilities. Don’t miss this rare chance to own a piece of Madrid’s rich culture and history! ASSUMABLE VA LOAN AT 4.5%, SELLER IS ASKING FOR 23% DOWN. Take advantage of this rare opportunity to save on today's mortgage market!
Gorgeous and Updated commercial/Residential property located in the heart of Historic Madrid. Don't miss out on this charming spacious 2-bedroom 2 bath gem with many uses! With 1244 sq ft, this home boasts many features including a newly installed (industrial sized) refrigerated air HVAC unit, newer windows installed in 2019, vaulted ceilings and hardwood flooring, and a bonus area attic that doubles as a sleeping loft. There is an updated 3/4 bathroom and updated kitchen with lots of counter space and plenty of cabinets! Enjoy the outside with an elegant 2-tier stone patio located in the backyard for the upcoming fall evening! A detached 336 sq ft garage and a 100 sq ft storage shed are perfect for added storage or it can be used as a workshop/studio.
Imagine owning a piece of history in the charming town of Madrid, New Mexico. This 1.468-acre commercial/residential lot offers a rare chance to create your own oasis amidst the town's rich mining heritage. Nestled at the top of the ridge, you'll find secluded and breathtaking views of the Ortiz Mountains. Enjoy historic Madrid while remaining conveniently close to local shops, galleries, and the town's bustling main drag
Two Tiny Homes on a full acre in the artistic town of Madrid. One is Tiny, the other Tinier…..Less is more! Plans for the main Tiny home were designed by popular and well known tiny home builder, Tumbleweed Tiny House Company. Historic stone dynamite storage shed adds to the charm of the property. Centrally located across the street from the community park and baseball field.
Lovely views of the Ortiz and Sandia mountain ranges surround this ten acre parcel with several flat building sites and a private well head. Enjoy the tranquility of off-grid living on land dappled with pinyon and juniper, yet close to the artists and crafts makers of the village of Madrid and the justly popular Mine Shaft Tavern. Albuquerque and Santa Fe are each about 30 minutes away.
Welcome to The Alley House, an adorable bungalow-style home featuring a separated two bedrooms and two baths, nestled in the heart of the picturesque village of Madrid. This delightful property has been thoughtfully remodeled to include a charming studio apartment and main living quarters, perfect for guests or as a comfortable mother-in-law suite. The generous lot size offers endless possibilities! Imagine the potential to add another structure, whether it’s an artist's studio or a garage. The ample space is also ideal for creating your own beautiful garden oasis. Situated on a private alley lane, this home provides a serene retreat in the heart of the vibrant community of Madrid. Located along the scenic Turquoise Trail between Santa Fe and Albuquerque, Madrid is known for its unique shops, art galleries, and cozy cafes. Don’t miss out on this incredible opportunity! The Alley House sits on a larger-than-average lot for Madrid, offering plenty of room for gardening, storage, or designing your dream yard. With 1,020 square feet of living space, this home combines privacy and convenience in one perfect package. Explore all that The Alley House and the enchanting village of Madrid have to offer. Schedule your visit today!
This mostly new off grid home is ready for its new owners! This quality open concept remodel is nearly completed and is waiting for your finishing touches with 2 kitchens, 2 baths and 2 bedrooms! Live in one area while you finish the other! All construction has been fully permitted including new stucco, windows and pitched pro-panel roof. Sited on 20 acres of peaceful scenic beauty, horses are welcome and the views are simply outstanding! Enjoy worry free off grid living with reliable water delivery service, propane gas and a generous solar panel system, including 6 Lithium batteries with room to expand! Nothing to do but move in and start living! This off grid home features a 1,100 gallon cistern providing ample water storage from a reliable local delivery service and currently supports a two person household, 2 horses, 6 dogs and Lucky the parrot. The lower level features a full kitchen, wood stove, one bedroom and one bath with an extra-large storage room! The permitted addition of the entire second level has more than doubled the living space and features a huge wrap around deck, new pro-panel pitched roof, new stucco and new windows. The tall, vaulted tongue and groove ceiling and large view windows bring in the light and jaw dropping views. New drywall, laminate flooring, and stubbed in electrical and plumbing are already in place. The high end kitchen appliances are still in the box and will be conveyed. Simply bring your imagination to finish this rare one-of-a-kind property. The flexible space allows for a single-family residence or use as a duplex. Live in one and rent the other! Reasonable covenants with No HOA. Horse facilities are in place with a large paddock and open air stall. There is also a large fenced in yard for your pets and plenty of storage including a shipping container which will stay with the property! Motivated sellers!!Please schedule in ShowingTime or call listing brokers directly.
Introducing this extraordinary property on 20 acres that feature breathtaking views, nestled in the serene landscapes of Cerrillos, New Mexico. Only 45 minutes to Santa Fe, this charming earthen home allows you to experience year-round comfort as the home remains warm in the winters and cool in the summers. Meticulously crafted by visionary architect Michael Reynolds, this home features a 9000 gallon cistern water system and solar powered energy, ensuring self-sufficiency and eco-friendly living… and no utilities to pay for! Two kitchens, two bedrooms and a two bathrooms with equal living spaces, this property invites you to embrace a harmonious blend of modern comfort and natural beauty, making it an ideal forever home. Come see the view from your front door.
Building lot in Madrid, almost immediately off the pavement of Highway 14, in the heart of town. Easy-to-access rectangular lot with gentle slope, with mountain/townsite views from the top of the lot. Excellent home business location/residential use. Nice place to live or live/work in this thriving, historic old mining village, now replete with galleries, restaurants, shops, its own radio station, the landmark Mineshaft Tavern, music events, ballpark, hiking trails, and more, all in walking distance. It's situated just outside the Madrid Historical Overlay which gives more leeway in building styles. Not far (30 minutes) to Southside of Santa Fe, under an hour to Albuquerque/airport. Electric in road.
