# 2863 NM 14 Highway, Madrid, NM 87010

> **TL;DR:** 1bd/2ba single family, $875,000 ($553/sqft), built 1931, 1,581 sqft.
> Waterfront, A/C. Est. $4,679/mo. Listed 125 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $875,000 |
| Price/sqft | $553 |
| Bedrooms | 1 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,581 |
| Year Built | 1931 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | Active |
| Days on Market | 125 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,424 |
| Estimated Insurance | $255 |
| **Total** | **$4,679** |

## Nearby Schools

- **Elementary:** Amy Biehl Community
- **Middle:** Milagro
- **High:** Santa Fe

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 1931
- 0.16 acre lot
- 3 parking spaces
- Waterfront

## Description

### Agent Description
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!

## Location

- **Address:** 2863 NM 14 Highway, Madrid, NM 87010
- **County:** Santa Fe
- **Neighborhood:** Madrid Townsite
- **Coordinates:** 35.406857, -106.152352
- **Google Maps:** https://www.google.com/maps?q=35.406857,-106.152352

## Listing Agent

- **Name:** Rachel Heath · **License:** 54680
- **Brokerage:** Keller Williams Realty
- **Broker Phone:** (505) 983-5151
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2863-NM-14_Cerrillos_NM_87010_M98197-93002?f=listhub&s=SFARNM&m=202602542&c=propsimple)

## Photos

![2863 NM 14 Highway - Photo 1](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f777923843r.jpg)

![2863 NM 14 Highway - Photo 2](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f4041209812r.jpg)

![2863 NM 14 Highway - Photo 3](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1257131668r.jpg)

![2863 NM 14 Highway - Photo 4](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1424571855r.jpg)

![2863 NM 14 Highway - Photo 5](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f777923843r.jpg)

![2863 NM 14 Highway - Photo 6](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3664594497r.jpg)

![2863 NM 14 Highway - Photo 7](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1179795391r.jpg)

![2863 NM 14 Highway - Photo 8](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1034666230r.jpg)

![2863 NM 14 Highway - Photo 9](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f4113382860r.jpg)

![2863 NM 14 Highway - Photo 10](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2114677244r.jpg)

![2863 NM 14 Highway - Photo 11](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2643976804r.jpg)

![2863 NM 14 Highway - Photo 12](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f663604684r.jpg)

![2863 NM 14 Highway - Photo 13](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3390178516r.jpg)

![2863 NM 14 Highway - Photo 14](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3100391076r.jpg)

![2863 NM 14 Highway - Photo 15](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1909036809r.jpg)

![2863 NM 14 Highway - Photo 16](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3298200763r.jpg)

![2863 NM 14 Highway - Photo 17](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f584276893r.jpg)

![2863 NM 14 Highway - Photo 18](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1640389583r.jpg)

![2863 NM 14 Highway - Photo 19](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f64137710r.jpg)

![2863 NM 14 Highway - Photo 20](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3212348096r.jpg)

![2863 NM 14 Highway - Photo 21](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3933414257r.jpg)

![2863 NM 14 Highway - Photo 22](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f585943538r.jpg)

![2863 NM 14 Highway - Photo 23](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3775685843r.jpg)

![2863 NM 14 Highway - Photo 24](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1714651256r.jpg)

![2863 NM 14 Highway - Photo 25](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2650487635r.jpg)

![2863 NM 14 Highway - Photo 26](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1742158530r.jpg)

![2863 NM 14 Highway - Photo 27](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2988611564r.jpg)

![2863 NM 14 Highway - Photo 28](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1193529415r.jpg)

![2863 NM 14 Highway - Photo 29](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2401769096r.jpg)

![2863 NM 14 Highway - Photo 30](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f563001855r.jpg)

![2863 NM 14 Highway - Photo 31](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f83193767r.jpg)

![2863 NM 14 Highway - Photo 32](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f375622073r.jpg)

![2863 NM 14 Highway - Photo 33](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2849251053r.jpg)

![2863 NM 14 Highway - Photo 34](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3682336104r.jpg)

![2863 NM 14 Highway - Photo 35](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f2512374469r.jpg)

![2863 NM 14 Highway - Photo 36](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3855825735r.jpg)

![2863 NM 14 Highway - Photo 37](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1512743656r.jpg)

![2863 NM 14 Highway - Photo 38](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f533977623r.jpg)

![2863 NM 14 Highway - Photo 39](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1354448360r.jpg)

![2863 NM 14 Highway - Photo 40](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f3854250342r.jpg)

![2863 NM 14 Highway - Photo 41](http://lh.rdcpix.com/39e07bd5b839e00d6cfe6e753842f0f3l-f1605594964r.jpg)

---

**MLS#:** 202602542 | **Updated:** 2026-10-25
**Source:** listhub

*Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/2863-nm-14-highway-madrid-nm-87010-e0559a419eb346428f70da9f21773bbe)

---

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