Most expensive homes for sale in New Mexico

Written by:
May 24, 2021
realtor.com

Most expensive homes for sale in New Mexico

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States reached $295,300 in June 2020, according to the National Association of REALTORS.

To learn more about home values in New Mexico, Stacker analyzed data from realtor.com to compile a list of the most expensive homes for sale in the state.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the last decade following the 2008 recession, but the market could be slowed by rising interest rates. Such a downturn can be good news for potential home-buyers, as you're more likely to be able to wager a deal on an otherwise overpriced house. Then there is the house itself to consider, including what kind of upkeep it requires (and those associated costs). Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals—but may cost you later in capital gains taxes when you when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Keep reading to find out the most expensive homes for sale in New Mexico.

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#50. 5 Silver Mesa, Santa Fe

- Price: $2,950,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
2 / 50
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#49. 5 Camino Alazan, Santa Fe

- Price: $2,950,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
3 / 50
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#48. 402 Camino Militar, Santa Fe

- Price: $2,950,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
4 / 50
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#47. 2925 Aspen View, Santa Fe

- Price: $2,995,000
- Bedrooms: 4
- Bathrooms: 4
- Read more on realtor.com
5 / 50
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#46. 827 El Caminito St, Santa Fe

- Price: $2,998,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
6 / 50
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#45. 900 Camino Vista Rio, Bernalillo

- Price: $3,000,000
- Bedrooms: 7
- Bathrooms: 7
- Read more on realtor.com
7 / 50
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#44. 984 Acequia Madre Unit C, Santa Fe

- Price: $3,150,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
8 / 50
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#43. 4 Camino Quien Sabe, Santa Fe

- Price: $3,150,000
- Bedrooms: 5
- Bathrooms: 6
- Read more on realtor.com
9 / 50
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#42. 58 and 57 Honeysuckle Cir, Santa Fe

- Price: $3,200,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
10 / 50
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#41. 751 Ridge Canyon Rd, Santa Fe

- Price: $3,200,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
11 / 50
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#40. 123 Gary Player Ct, Alto

- Price: $3,250,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
12 / 50
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#39. 815 E Palace Ave Units 5 & 1, Santa Fe

- Price: $3,300,000
- Bedrooms: 5
- Bathrooms: 6
- Read more on realtor.com
13 / 50
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#38. 570 Highway 21 S, Cimarron

- Price: $3,400,000
- Bedrooms: 9
- Bathrooms: 10
- Read more on realtor.com
14 / 50
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#37. 1501 State Road 344, Sandia Park

- Price: $3,500,000
- Bedrooms: 4
- Bathrooms: 4
- Read more on realtor.com
15 / 50
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#36. 12 Camino Rosa Linda, Santa Fe

- Price: $3,500,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
16 / 50
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#35. 23833 Highway 64 W, Taos

- Price: $3,575,000
- Bedrooms: 12
- Bathrooms: 12
- Read more on realtor.com
17 / 50
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#34. 730 Camino Del Monte Sol, Santa Fe

- Price: $3,750,000
- Bedrooms: 6
- Bathrooms: 7
- Read more on realtor.com
18 / 50
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#33. 450 Circle Dr, Santa Fe

- Price: $3,750,000
- Bedrooms: 6
- Bathrooms: 9
- Read more on realtor.com
19 / 50
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#32. 814 Camino Atalaya, Santa Fe

- Price: $3,800,000
- Bedrooms: 5
- Bathrooms: 6
- Read more on realtor.com
20 / 50
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#31. 38 Circle Drive Compound, Santa Fe

- Price: $3,960,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
21 / 50
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#30. 3287 Monte Sereno Dr Lot 48, Santa Fe

- Price: $3,995,000
- Bedrooms: 3
- Bathrooms: 5
- Read more on realtor.com
22 / 50
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#29. 2216 Wilderness Arroyo, Santa Fe

- Price: $3,995,000
- Bedrooms: 5
- Bathrooms: 5
- Read more on realtor.com
23 / 50
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#28. 168 Tesuque Village Rd, Santa Fe

- Price: $3,995,000
- Bedrooms: 5
- Bathrooms: 7
- Read more on realtor.com
24 / 50
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#27. 3285 Monte Sereno Dr Lot 47, Santa Fe

- Price: $3,999,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
25 / 50
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#26. 2950 Tesuque Overlook, Santa Fe

- Price: $3,999,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
26 / 50
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#25. 797 Camino Del Monte Sol, Santa Fe

- Price: $4,000,000
- Bedrooms: 7
- Bathrooms: 9
- Read more on realtor.com
27 / 50
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#24. 272 Tano Rd, Santa Fe

- Price: $4,100,000
- Bedrooms: 6
- Bathrooms: 7
- Read more on realtor.com
28 / 50
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#23. Rancho Azul 155 Mesa Prieta Rd, Youngsville

- Price: $4,275,000
- Bedrooms: 5
- Bathrooms: 6
- Read more on realtor.com
29 / 50
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#22. 14 Destierro Trl, Santa Fe

- Price: $4,495,000
- Bedrooms: 6
- Bathrooms: 6
- Read more on realtor.com
30 / 50
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#21. 38 Johnsons Ranch Rd, Santa Fe

- Price: $4,500,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
31 / 50
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#20. 27544 Us # 70, Glencoe

- Price: $4,500,000
- Bedrooms: 5
- Bathrooms: 5
- Read more on realtor.com
32 / 50
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#19. 3365 Paseo Segunda, Santa Fe

- Price: $4,500,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
33 / 50
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#18. 1005 Monte Serena, Santa Fe

- Price: $4,600,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
34 / 50
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#17. 811 Los Lovatos Rd, Santa Fe

- Price: $5,100,000
- Bedrooms: 4
- Bathrooms: 6
- Read more on realtor.com
35 / 50
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#16. Magic Canyon Park Rnch, Guadalupita

- Price: $5,400,000
- Bedrooms: 5
- Bathrooms: 4
- Read more on realtor.com
36 / 50
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#15. 80 Double Arrow Rd S, Santa Fe

- Price: $5,700,000
- Bedrooms: 4
- Bathrooms: 7
- Read more on realtor.com
37 / 50
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#14. 412 Circle Dr, Santa Fe

- Price: $5,800,000
- Bedrooms: 6
- Bathrooms: 10
- Read more on realtor.com
38 / 50
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#13. 107 Paseo Aragon, Santa Fe

- Price: $5,899,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
39 / 50
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#12. 208 Camino Del Norte, Santa Fe

- Price: $6,000,000
- Bedrooms: 4
- Bathrooms: 6
- Read more on realtor.com
40 / 50
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#11. 120 Circle Dr, Santa Fe

- Price: $6,200,000
- Bedrooms: 7
- Bathrooms: 11
- Read more on realtor.com
41 / 50
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#10. 300 Brownell Howland Rd, Santa Fe

- Price: $6,250,000
- Bedrooms: 3
- Bathrooms: 5
- Read more on realtor.com
42 / 50
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#9. 3364 and 3365 Paseo Segunda, Santa Fe

- Price: $6,500,000
- Bedrooms: 8
- Bathrooms: 7
- Read more on realtor.com
43 / 50
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#8. 26 Stonegate Cir, Santa Fe

- Price: $6,850,000
- Bedrooms: 7
- Bathrooms: 8
- Read more on realtor.com
44 / 50
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#7. 117 Tesuque Rdg, Santa Fe

- Price: $7,000,000
- Bedrooms: 6
- Bathrooms: 7
- Read more on realtor.com
45 / 50
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#6. Coyote Canyon Dr SE, Albuquerque

- Price: $7,200,000
- Bedrooms: 8
- Bathrooms: 14
- Read more on realtor.com
46 / 50
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#5. Skyline Rnch, Cloudcroft

- Price: $8,000,000
- Bedrooms: 3
- Bathrooms: 4
- Read more on realtor.com
47 / 50
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#4. Apache Mesa Rnch, Coyote

- Price: $8,200,000
- Bedrooms: 6
- Bathrooms: 7
- Read more on realtor.com
48 / 50
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#3. 109 115 117 Tesuque Rdg, Santa Fe

- Price: $8,500,000
- Bedrooms: 6
- Bathrooms: 7
- Read more on realtor.com
49 / 50
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#2. Estancia Del Rio, Youngsville

- Price: $12,000,000
- Bedrooms: 4
- Bathrooms: 5
- Read more on realtor.com
50 / 50
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#1. Tano Point Est, Santa Fe

- Price: $15,000,000
- Bedrooms: 7
- Bathrooms: 7
- Read more on realtor.com

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