1314 Madrid

Seeking a family compound, multi-generational living opportunity, or investment property with short-term rental potential? This rare in-town Santa Fe offering checks every box. Situated on nearly 1.5 tree-filled acres just minutes from the Plaza, Canyon Road, and the Railyard, the property combines exceptional privacy, expansive living spaces, and remarkable flexibility in one of Santa Fe's most desirable locations. And you get views!! With no HOA and no nearby short-term rentals, the property presents a compelling opportunity for those seeking future income potential, a family retreat, or a multi-generational estate. The 6,051-square-foot Pueblo Revival compound includes a spacious 5-bedroom main residence with a 2-car garage, along with a detached guest house featuring an additional bedroom, sleeping loft, full kitchen, bath, laundry, and a 3-car garage currently utilized as storage and gym space but equally suited for a studio, workshop, or creative space. Beautifully landscaped, the property captures sweeping western views and spectacular New Mexico sunsets. Inside, classic Santa Fe architecture blends seamlessly with thoughtful updates, including hand-hewn vigas and beams, wood floors, granite surfaces, custom built-ins, and nine fireplaces. The kitchen is a dream. The main residence offers two separate living areas and abundant gathering spaces for family and guests. The private primary suite occupies its own wing and features dual closets, a dedicated laundry area, and a secluded courtyard with a hot tub. Additional bedrooms are thoughtfully positioned to provide privacy and flexibility for guests, home offices, fitness rooms, or creative pursuits. Rarely does a property offer this combination of acreage, views, privacy, walkability, guest accommodations, and investment flexibility within Santa Fe city limits.