1407 Borrego
Santa Fe, NM, 87507 $ 830,000
Bedrooms4 Baths2.0 Sq 2,540 Monthly Estimate*
$ 5,733
for $830,000 with 4 bedrooms and 2 full baths. This 2,540 square foot home was built in 1983 on a lot size of 1.58.
70K PRICE REDUCTION! 1.58 FENCED ACRES, HORSE PROPERTY, TWO HOMES, UPGRADED MINI SPLITS.This is not just another listing. This is the middle of Santa Fe, two fully separate homes, real horse infrastructure, and a location minutes from some of the most iconic experiences in the Southwest. Properties like this simply do not come up, and this one just got $70,000 more affordable.Two detached residences, each 2 bedrooms, 1 bath, 1 car garage, 1,270 square feet, set apart just enough to give each household its own sense of privacy while still feeling connected. Live in one, rent the other and let a tenant help cover your mortgage. Rent both and turn this into a true income producing asset. House parents in one, raise your family in the other, privacy and togetherness finally solved. Whatever the plan, this layout pays for itself in flexibility alone. Both homes are finished with wood beamed ceilings that carry the warmth of traditional Santa Fe architecture, one featuring a built in wine fridge for effortless entertaining, and stainless steel appliances that bring each kitchen fully up to date. Upgraded mini split systems handle heating and cooling with quiet efficiency, keeping both homes comfortable through Santa Fe's high desert seasons, from crisp winter mornings to warm summer afternoons.At the center of it all, a wide open shared backyard ties both homes together beneath open New Mexico sky, framed by mountain views that shift color at sunset, built for barbecues, birthdays, and everyday life. The land is already fenced and set up for horses, complete with room to ride, graze, and roam, a genuine rarity this close to town. A private well serves the entire property, meaning your water bill disappears completely and your long term costs stay firmly in your control.Here is what really sets this property apart: location. You are minutes from the Santa Fe Railyard district, where converted warehouses now hold contemporary art galleries, a weekend farmers market, and some of the city's best breweries and patios. A short drive gets you to Meow Wolf's House of Eternal Return, the internationally famous immersive art experience that draws visitors from around the world and is unlike anything else on the planet. Historic Santa Fe Plaza, the Palace of the Governors, and centuries old adobe architecture are all close by, along with world class dining, art walks on Canyon Road, and the kind of layered, living culture that makes Santa Fe one of the most sought after small cities in America.This is horse country and world class culture in the same zip code. Two income producing homes, a rare multi generational layout, real fenced acreage, a private well, and a price that has already dropped nearly $70,000 in your favor. This estate captures the essence of Santa Fe living. Don't miss out on this opportunity.
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FeaturesGeneralSewer Septic Tank
Heating Ductless Multiple Heating Units
Cooling Ductless
Utilities Electricity Connected
Possession Closing & Funding
Appliances Dryer Dishwasher Disposal Microwave Refrigerator Wine Cooler Washer
Garage Spaces 2
Patio/Porch Features Covered Patio
Construction Materials Frame Stucco
Year Built 1983
Stories Count 1
Levels One
Property Subtype Detached
Current Use Horses
County Santa Fe
New Construction false
Property Type Residential
Attached Garage true
Facing Direction East
Garage Y/N true
Green Energy Generation None
Other Structures Kennel/Dog Run Packing Shed RV/Boat Storage Stable(s) Shed(s) Storage
Full Baths 2
Status Active
Directions Alameda towards Siler on the left before traffic circle
High School Santa Fe
City Santa Fe
Disclosures RANM 2100 Disclosure
Zoning Description R-1
MLS Area 310 - Santa Fe County N of RR
Lot Size Square Feet 68651
Listing Terms Cash Conventional FHA VA Loan
Elementary School Alameda
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 1535.61
Middle/Junior High School Wilson
Property Condition Resale
Builder Name unknown
Standard Status Active
Property Sub Type Additional Detached
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InteriorInterior Amenities Beamed Ceilings Main Level Primary
Flooring Tile Wood
Total Fireplaces 2
Fireplace Features Custom
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows Insulated Windows
Fireplace Y/N true
Half Baths 0
3/4 Baths 0
Laundry Features Electric Dryer Hookup
Total Bedrooms 4
Total Baths 2
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ExteriorExterior Amenities Fire Pit
Fencing Back Yard
Parking Features Attached Finished Garage Garage
Water Source Private Shared Well Well
Building Area Total 2540
Lot Size Acres 1.58
Private Pool false
Lot Size Source Public Records
Horse Y/N true
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* Excluded FeaturesList ByThe Venegas GroupListing Agent
Keller Williams RealtyBroker
chrisvenegasnm@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,733
- Monthly Property Taxes
- $128
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Santa Fe, NM
Average List Price $1,373,055
Percent of Sale Price 65%
About Santa Fe, NM 83,466 Population
10% Since 2002
$ 52,407 Median Income
43.07 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Santa Fe High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/27/2026 | $830,000 | -2.35% | Price Down |
| 5/26/2026 | $850,000 | -2.86% | Price Down |
| 5/1/2026 | $875,000 | | Listed Price |