By Leland Titus, Qualifying Broker, Santa Fe Realty Unlimited · Updated October 2026

I've been selling Santa Fe real estate for more than 20 years, and the buyers who win here know their cash-to-close number before they write an offer. Here's every cost to budget beyond the down payment, who customarily pays it in New Mexico, and the local tax on higher-priced homes. For the full process from pre-approval to keys, see my Santa Fe home buying guide.

What closing costs do buyers pay in Santa Fe?

The Consumer Financial Protection Bureau (CFPB) lists appraisal fees, title insurance, government taxes and prepaid items as common closing charges. In a Santa Fe purchase, that usually means:

1. Lender charges: origination, any points you choose, the appraisal and other loan fees.
2. The lender's title insurance policy, if you're financing.
3. Recording fees to record your mortgage with the county clerk.
4. Prepaids and escrow: homeowners insurance, interest until your first payment, and a starting balance for your tax and insurance escrow.
5. Property tax proration with the seller, calculated by your title company.
6. Your agent's compensation, if your buyer agreement says you pay it (more below).
7. The city's 3% High-End Excise Tax, inside city limits only, above $1,029,000.

Earnest money isn't an extra cost; it's credited to you at closing. Here's how earnest money works.

Source: CFPB, "What fees or charges are paid when closing on a mortgage and who pays them?"

Who pays for title insurance and the closing fee in New Mexico?

By New Mexico custom, the seller pays the owner's title policy and the residential closing fee, and the buyer pays the lender's policy. Fidelity National Title's Laws & Customs guide lists:

• Owner's policy premium: seller pays (can be negotiated).
• Loan policy premium: buyer pays.
• Closing fees, residential: seller usually pays.
• Survey: negotiable; the seller usually pays in a residential sale.
• Recording: the buyer pays to record the mortgage; the seller pays to record the deed.

New Mexico title premiums are promulgated: the state Office of the Superintendent of Insurance sets the rates, so the premium doesn't change between title companies. (Selling too? See what Santa Fe sellers pay at closing.) Recording is a small line. The Santa Fe County Clerk charges $25 per document (1 to 10 index entries).

Sources: Fidelity National Title, Laws & Customs, New Mexico; Santa Fe County Clerk fee schedule (July 10, 2025).

Is there a transfer tax when you buy a home in Santa Fe?

New Mexico has no deed transfer tax, but the City of Santa Fe charges buyers a 3% High-End Excise Tax on the part of a residential price above $1,029,000. That threshold took effect May 1, 2026, and the city adjusts it each May 1 based on the Consumer Price Index. Under the city's administrative rule:

• The purchaser pays it, not the seller.
• It applies only to residential property inside city limits. Homes in the county outside the city, such as Eldorado, don't owe it.
• Your title company collects the city's form and the tax from you. Without a title agent, the purchaser pays the city within 30 days of the transfer.

Illustration (arithmetic on the city's rate and threshold): at $1,450,000, the Q3 2026 median single-family price in SFAR's Northeast (01) area, the tax is 3% of $421,000, or $12,630. At $1,029,000 or less, it's $0.

Sources: Fidelity National Title, Laws & Customs, New Mexico; City of Santa Fe, High-End Excise Tax page and Administrative Rule; SFAR Q3 2026.

When will I know my exact closing costs?

You'll see your numbers twice in writing. Your lender must give you a Loan Estimate within three business days of your application and a Closing Disclosure at least three business days before closing. Compare them line by line and question any change. Cash buyers get their figures on the title company's settlement statement.

Sources: CFPB, "What is a Loan Estimate?" and "What is a Closing Disclosure?"

Do buyers pay their agent's commission and gross receipts tax?

Sometimes. Since August 17, 2024, MLS participants working with buyers must have a written agreement with you before you tour a home. It must state the compensation and that it's negotiable and not set by law. It's negotiable, and you can ask the seller to cover it in your offer. Read more in Do You Still Need to Pay a Buyer's Agent Commission?

Gross receipts tax applies to a broker's commission; inside city limits the rate is 8.1875% (July 1, 2026 through June 30, 2027). Ask whether a quoted fee includes it.

Illustration only: every 1% of a $683,500 price (the Q3 2026 city median) is $6,835, and gross receipts tax at 8.1875% on that is about $560.

Sources: National Association of REALTORS®, "What the NAR Settlement Means for Home Buyers and Sellers"; NM Taxation & Revenue Dept., GRT rate schedule effective July 1, 2026 (Santa Fe city, 01-123); SFAR Q3 2026.

What's different about buying in Santa Fe?

• City or county changes the bill. The excise tax and the 8.1875% city GRT rate apply only inside city limits.
• Septic and wells. New Mexico requires the seller to have an on-site septic system evaluated before transfer (20.7.3.902 NMAC), so ask for the report early. Private wells add water questions to your inspection period.
• Prices aren't public. New Mexico doesn't publish sale prices, so offers and appraisals lean on MLS sold comps.
• Market context: The Santa Fe Association of REALTORS® reports a Q3 2026 median single-family price of $683,500 inside city limits (199 sales) and $839,900 in the county outside the city (185 sales).

Sources: NMED, Property Transfer Evaluations; SFAR MLS Quarterly Property Statistics, Q3 2026 (current as of October 1, 2026).

What should my buyer closing cost checklist include?

Frequently asked questions

What are closing costs for buyers in Santa Fe? Santa Fe buyers pay closing costs beyond the down payment: lender fees and the appraisal, the lender's title policy, mortgage recording, prepaid interest and homeowners insurance, tax escrow and prorations, and any agent fee you agree to pay. New Mexico has no transfer tax, but inside city limits buyers owe 3% on the price above $1,029,000.

Does Santa Fe have a transfer tax for buyers? New Mexico has no transfer tax. Inside Santa Fe city limits, buyers pay a 3% High-End Excise Tax on the portion of a residential price above $1,029,000, the threshold in effect since May 1, 2026.

When do I get my final closing cost numbers? Your lender must send a Loan Estimate within three business days of your application and a Closing Disclosure at least three business days before closing. Compare them and ask about any changes.

Can the seller pay my closing costs? Yes, if you negotiate a seller credit in your offer. The CFPB notes that sellers usually want a higher price in exchange, and lender credits typically mean a higher rate or a larger loan.

Talk it through with Leland

Don't walk into a Santa Fe closing guessing. I'll show you what homes are actually selling for, run your cash-to-close with the right city or county numbers, and negotiate hard for your terms. Make the call before you fall in love with a house.

Call or text me at (505) 388-0310, or call the Santa Fe Realty Unlimited office at (505) 467-8829, and let's run your numbers. Search Santa Fe homes for sale or read my Santa Fe home buying guide.

This article is general information, not legal, tax or lending advice. Confirm your figures with your lender, title company or tax professional.

Sources

• Consumer Financial Protection Bureau, "What fees or charges are paid when closing on a mortgage and who pays them?": consumerfinance.gov; "What is a Loan Estimate?": consumerfinance.gov; "What is a Closing Disclosure?": consumerfinance.gov (accessed Oct 28, 2026)
• Fidelity National Title Insurance Co., Real Estate Laws & Customs by State (08/26), New Mexico: media.fntic.com (accessed Oct 28, 2026)
• City of Santa Fe Finance Dept., High-End Excise Tax: santafenm.gov; Administrative Rule (10-30-2025): santafenm.gov (accessed Oct 28, 2026)
• Santa Fe County Clerk, Recording and Filing Fee Schedule (updated July 10, 2025): santafecountynm.gov (accessed Oct 28, 2026)
• NM Taxation & Revenue Dept., Gross Receipts Tax rate schedule effective July 1, 2026: tax.newmexico.gov; FYI-200: realfile.tax.newmexico.gov (official rate schedule PDF saved Oct 23, 2026; pages accessed Oct 28, 2026)
• National Association of REALTORS®, "What the NAR Settlement Means for Home Buyers and Sellers": nar.realtor (accessed Oct 28, 2026)
• New Mexico Environment Dept., Property Transfer Evaluations: env.nm.gov (accessed Oct 28, 2026)
• Santa Fe Association of REALTORS® MLS, Santa Fe Area Quarterly Property Statistics, Q3 2026 (current as of October 1, 2026)

I just listed 10 Rail Road, a beautifully restored historic home in the heart of Los Cerrillos, south of Santa Fe on the Turquoise Trail. It pairs authentic Old West character with modern conveniences, on a 0.39-acre property that includes two addresses. It's offered at $649,000.

A Historic Home on the Turquoise Trail

This multi-level home has 3 bedrooms, 1 bathroom and 1,378 square feet of living space on a 17,071-square-foot lot. Los Cerrillos sits along New Mexico's scenic Turquoise Trail and is known for its mining history, its arts community and its Southwestern landscape, with mountain views and dark skies. See more homes in the area on our Madrid and Cerrillos page.

Inside the Home

The home has been thoughtfully restored over the years, blending original materials and handcrafted finishes with practical updates. Historic flooring materials were reclaimed and repurposed, and custom butcher block countertops, cabinetry and shelving fit the home's rustic character. The kitchen and bathroom have been renovated. An updated interior stairwell and two sets of French doors bring in more character and natural light. A Jøtul wood-burning stove anchors the living space.

Updates

• ProPanel metal roof
• Energy-efficient ductless mini-split heating and cooling
• Renovated kitchen and bathroom
• Updated interior stairwell
• High-speed internet

Outside and the Southern Lot

Outdoor spaces include a balcony, an exterior stairway, landscaped grounds and a yard enclosed by traditional coyote fencing. The property includes two addresses: the southern lot, 45 Main Street, is fenced and gated on its own. That extra space offers flexibility for gardens, outdoor entertaining or creative projects, and possible future uses, subject to applicable regulations and approvals. There's also RV access and parking.

Property Details at a Glance

• Price: $649,000
• MLS #: 202604480
• Status: Active
• Bedrooms / Bathrooms: 3 / 1
• Living area: 1,378 sq ft
• Lot: 17,071 sq ft (0.39 acre), two addresses
• Style: Multi-level (two levels)
• Heating: Ductless, electric, wood stove
• Cooling: Ductless, refrigerated
• Roof: Metal, pitched
• Sewer: Septic tank
• Parking: RV access/parking
• Appliances: Electric cooktop, dishwasher, microwave, refrigerator, washer, dryer, electric water heater
• MLS area: 12-Madrid/Cerrillos
• Assigned schools: Turquoise Trail Elementary, Milagro Middle, Santa Fe High. School assignments can change; verify with Santa Fe Public Schools.

See all the photos and full details for 10 Rail Road.

Schedule a Showing

I've been selling Santa Fe real estate for more than 20 years, and I'd be glad to show you this one. If you'd like to walk through 10 Rail Road, call me at (505) 388-0310 or request a showing on the listing page.

Leland Titus, Santa Fe Realty Unlimited, NM License #19177. Cell (505) 388-0310. Office (505) 467-8829. Equal Housing Opportunity.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information deemed reliable but not guaranteed.

Video tour: Walk through 15 Deer Tank, an active listing on 13.7 acres south of Santa Fe with 360° views, a Rastra-built home, a 4-stall barn and a riding arena. Press play for the full 7-minute tour, then see every photo and detail on the 15 Deer Tank listing page.

A Santa Fe Horse Property for Sale on 13.7 Acres

If you’re searching for a Santa Fe horse property for sale, this video shows how 15 Deer Tank works as a whole: the house, the barn, the arena and the land around them. The property sits in the Hwy 14 / County Road 42 area (Santa Fe, NM 87508), with open high-desert land and 360° views. The listing shows horses allowed.

Inside the Rastra Home

The home is built with Rastra block and has new windows, a new roof and new stucco. In the tour you’ll see vigas, coved ceilings, diamond plaster and nichos, then the dining area and a covered patio facing west toward the sunset. From there the video moves through the kitchen, the laundry, a downstairs bathroom and a downstairs bedroom.

Upstairs, the primary suite fills the level and includes a soaking tub and two sinks. A rooftop deck looks out toward the Ortiz Mountains, the Sandias, the Cerrillos Hills, the Jemez and the Sangre de Cristos. The attached 3-car garage has room for vehicles, tools and gear.

The Barn, Arena and Land

The barn has four stalls, a tack room and water. Next to it is a riding arena, and the land includes a seasonal pond area. The final aerial shots in the video show how the barn, arena and house sit on the parcel.

Video Chapters

• 0:00 Intro & aerial views
• 0:42 Entry & living room
• 1:55 Dining area & covered patio
• 2:28 Kitchen
• 3:03 Laundry & downstairs bath
• 3:36 Downstairs bedroom
• 4:02 3-car garage
• 4:26 Primary suite & upstairs views
• 5:22 Rooftop deck
• 5:44 Primary closets & bathroom
• 6:20 Barn, stalls & riding arena
• 7:08 Final aerials

Short on time? There’s also a 4-minute version of the tour on our YouTube channel.

Listing Details at a Glance

As shown on the live listing page on October 25, 2026. Price and status can change; check the listing page for current details.

• Address: 15 Deer Tank, Santa Fe, NM 87508
• List price: $774,000
• MLS #: 202602324
• Bedrooms / bathrooms: 2 / 2
• Living area: 2,458 sq ft
• Acres: 13.70
• Year built: 2001
• Garage: 3 spaces, attached
• Horses allowed: yes (per listing)
• MLS area: 11-Hwy 14/CR 42 E

Buying Horse Property Near Santa Fe

Acreage with horse facilities is worth checking on site and in the documents. Walk the barn and arena, look at access for trailers and hay delivery, and review water, septic, easements and any covenants before you write an offer. Our Santa Fe horse property guide covers what to look for, and the 15 Deer Tank new-price post has the full written details. For more homes and land in this part of the county, see our Hwy 14 / Turquoise Trail page and Santa Fe land for sale.

Schedule a Showing

I’m Leland Titus, owner and broker of Santa Fe Realty Unlimited, and I’ve been selling Santa Fe real estate for more than 20 years. I’d be glad to walk the house, barn and arena with you. Call or text me at (505) 388-0310, or request a showing on the listing page.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information is deemed reliable but not guaranteed; buyers should verify all details.
Santa Fe Realty Unlimited · 1486 S. St. Francis Dr, Santa Fe, NM 87505 · Office (505) 467-8829 · NM License #19177 · Equal Housing Opportunity.

By Leland Titus, owner and broker, Santa Fe Realty Unlimited · Updated October 21, 2026

I've been selling Santa Fe real estate for more than 20 years, and "what will I walk away with?" is the first real question most sellers ask me. Below are the costs that come out of a Santa Fe sale, who usually pays each one, and what's different here from the rest of the country. When you're ready for real numbers on your home, start with a free home valuation. Every net number starts with the right price.

What comes out of my sale price at closing?

Six things, in roughly this order of size:

1. Your mortgage payoff (and any home equity line). Your lender's payoff statement includes interest through the payoff date, so it will be a bit higher than your last statement balance.
2. Real estate commission. This is set in your listing agreement and is negotiable. Since August 2024, any compensation you offer a buyer's agent is also a separate, negotiable decision.
3. New Mexico gross receipts tax (GRT) on the commission, not on your sale price (more below).
4. Title and closing costs. By New Mexico custom, the seller usually pays the owner's title insurance policy and the residential closing fee.
5. Prorated property taxes for the part of the year you owned the home. Your title company calculates the credit.
6. Whatever you agree to after inspections: repairs, a repair credit or a price adjustment.

If your home is on a septic system, add the required septic evaluation (see below).

Is there a transfer tax when I sell in New Mexico?

No. New Mexico has no state or county deed transfer tax, according to Fidelity National Title's state-by-state Laws & Customs guide. That's a real saving compared with many states.

The one local wrinkle is the City of Santa Fe's High-End Excise Tax: 3% on the portion of a residential price above $1,029,000 (the threshold since May 1, 2026). The city's ordinance puts it on the purchaser, not the seller. It can still come up in negotiations on homes near or above that price. For example, on a $1,500,000 sale inside city limits, the tax is 3% of $471,000, or $14,130.

Sources: Fidelity National Title, Real Estate Laws & Customs by State, New Mexico; City of Santa Fe Finance Department, High-End Excise Tax.

Who pays for title insurance in Santa Fe?

The seller usually pays for the buyer's owner's policy, and a financing buyer pays for the lender's policy. Both are negotiable in the purchase contract. New Mexico title insurance premiums are promulgated, meaning the state's Office of the Superintendent of Insurance sets the rates. The premium for the same coverage doesn't change from one title company to the next, but service and closing fees can.

Source: Fidelity National Title, Real Estate Laws & Customs by State, New Mexico (customary fee splits).

Do I pay gross receipts tax when I sell my house?

Not on the house. New Mexico's gross receipts tax applies to your broker's commission, at the rate for the property's location. Inside Santa Fe city limits, the rate is 8.1875% for July 1, 2026 through June 30, 2027. Ask whether a quoted commission includes GRT or adds it on top, so you can compare offers fairly.

Sources: NM Taxation & Revenue Dept., FYI-200 (reporting location for GRT) and the July 1, 2026 GRT rate schedule (Santa Fe city, location code 01-123).

Do I need a septic inspection to sell in New Mexico?

Yes, if the home has an on-site septic system. Under 20.7.3.902 NMAC, the seller must have the system evaluated by a qualified evaluator before the property transfers. The evaluator files the report with the New Mexico Environment Department within 15 days, and NMED charges a $50 filing fee. If the system has no permit on file, it has to be registered or permitted, and that can take time. Start a permit search early (NMED says it can take up to 10 days). Advanced treatment systems have extra sampling and permit-transfer steps.

This comes up often around Santa Fe, because many county homes outside city sewer service use septic systems.

Source: New Mexico Environment Department, Property Transfer Evaluations; 20.7.3.902 NMAC.

What's different about selling in Santa Fe?

• Prices aren't public. New Mexico is a non-disclosure state, so online estimates can be off. Your price, and therefore your net, should come from actual MLS sold comparables.
• Where your home sits changes the math. City vs. county affects the GRT rate on commission and whether the city's excise tax applies to your buyer. Well and septic homes add the septic evaluation, and buyers will usually want well documents too.
• The market context. According to the Santa Fe Association of REALTORS®, the median single-family sale price was $683,500 inside Santa Fe city limits in Q3 2026 (199 sales) and $839,900 in Santa Fe County outside the city (185 sales). Condos and townhomes in the city had a $483,000 median.

Source: Santa Fe Association of REALTORS® MLS, Santa Fe Area Quarterly Property Statistics, Q3 2026 (current as of October 1, 2026).

How do I estimate my net? (Seller net sheet)

Illustration only: on a $683,500 sale (the Q3 2026 city median), each 1% of commission is $6,835. Gross receipts tax at 8.1875% on that 1% is about $560.

Your title company will give you the official figures on the settlement statement before closing. I prepare a net sheet with every listing presentation so there are no surprises.

Frequently asked questions

Is there a transfer tax when selling a house in New Mexico? No. New Mexico has no state or county transfer tax. Inside Santa Fe city limits, a 3% High-End Excise Tax applies to the part of a residential price above $1,029,000, and the city ordinance places it on the buyer.

Who pays for title insurance in Santa Fe, NM? By custom, the seller pays for the buyer's owner's title policy and a financing buyer pays for the lender's policy. It's negotiable. Premiums are set by the state, so they don't vary by title company.

Do I need a septic inspection to sell my house in New Mexico? Yes. If the home has a septic system, state rules require an evaluation by a qualified evaluator before transfer, filed with the New Mexico Environment Department for a $50 fee.

Do I pay gross receipts tax on the sale of my home? No, not on the sale price. Gross receipts tax applies to the broker's commission. The Santa Fe city rate is 8.1875% from July 1, 2026 through June 30, 2027.

How do I get an accurate net number for my Santa Fe home? Start with a price based on actual MLS sold comparables, because New Mexico doesn't publish sale prices. Then use a net sheet with your payoff, negotiated commission, title costs and prorations.

Talk it through with Leland

Every sale is a little different. A county home on a well and septic nets differently from a condo near the Plaza. I'll pull real sold comps, give you a price range and walk you through a line-by-line net sheet. There's no cost or obligation.

Call or text me at (505) 388-0310, or get your free home valuation. You can also read more about selling your Santa Fe home.

This article is general information, not legal or tax advice. Confirm the details of your sale with your title company, attorney or tax professional.

Sources

• Fidelity National Title Insurance Co., Real Estate Laws & Customs by State (08/26), New Mexico page: https://media.fntic.com/ncs/flipbooks/lawsandcustoms/34/ (accessed Oct 20, 2026)
• City of Santa Fe Finance Dept., High-End Excise Tax: https://santafenm.gov/finance-2/high-end-excise-tax ; Administrative Rule (10-30-2025): https://santafenm.gov/High-End_Excise_Tax_for_Affordable_Housing_Administrative_Rule_10-30-2025.pdf (accessed Oct 21, 2026)
• NM Taxation & Revenue Dept., FYI-200: https://realfile.tax.newmexico.gov/FYI-200.pdf ; GRT rate schedule effective July 1, 2026: https://www.tax.newmexico.gov/all-nm-taxes/current-historic-tax-rates-overview/gross-receipts-tax-rates/ (accessed Oct 21, 2026)
• New Mexico Environment Dept., Property Transfer Evaluations: https://www.env.nm.gov/septic/property-transfer-evaluations/ (accessed Oct 20, 2026)
• Santa Fe Association of REALTORS® MLS, Santa Fe Area Quarterly Property Statistics, Q3 2026

Room to spread out in a peaceful country setting, just minutes from town: 34 Emily is a 4-bedroom home on about half an acre south and west of I-25. The price was just reduced by $10,000 to $379,000.

A Two-Level Home With Space

Built in 1981 in the Northern New Mexico style, this two-level home has 4 bedrooms on about a half-acre lot. That's a lot of room at this price, with the quiet of a rural setting and easy access to everyday conveniences in Santa Fe. Explore more properties around the area on our Santa Fe County page.

Inside the Home

Four bedrooms and two levels give you plenty of options for living space, a home office, hobbies or guests. The home has a metal roof and runs on a septic system. It's a chance to put your own stamp on a home with plenty of room.

Outside

The lot of about half an acre gives you room around the home and open space that's ready for your ideas, from gardens to outdoor living.

Property Details at a Glance

• Price: $379,000 (reduced $10,000)
• MLS #: 202603625
• Bedrooms: 4
• Levels: two
• Lot: about a half acre
• Year built: 1981
• Style: Northern New Mexico
• Roof / Sewer: metal / septic
• Seller: Fannie Mae (HomePath property)
• MLS area: 7-South and West of I-25
• Assigned schools (per listing): Turquoise Trail Elementary, Ortiz Middle, Capital High

See all the photos and full details for 34 Emily.

Schedule a Showing

Four bedrooms on a half acre this close to Santa Fe at under $400,000 is worth a look. I'm Leland Titus, owner and broker of Santa Fe Realty Unlimited, and I've been selling Santa Fe real estate for more than 20 years. I'd be glad to show you the home. Call or text me at (505) 388-0310 or request a showing on the listing page.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information is deemed reliable but not guaranteed.

15 Deer Tank now has a new price of $774,000. The property spans 13.7 acres with 360-degree views, a Rastra block home with real Southwest character, and the kind of equestrian setup that usually takes years to build: a four-stall barn, a main riding arena and a cross-country-style course that winds through the land.

A Rastra Home on 13.7 Acres

Built in 2001, the home has about 2,458 square feet, 2 bedrooms and 2 bathrooms on two levels. Inside you'll find high ceilings, lots of natural light, vigas, nichos, concrete floors, radiant floor heat (propane) and a wood-burning fireplace. The entire upper level is the primary suite, with big-sky views in every direction. A heated, attached 3-car garage adds room for vehicles and gear. The property is in the Hwy 14 / County Road 42 area south of Santa Fe; see more homes nearby on our Hwy 14 / Turquoise Trail page.

Recent Improvements

The owner has completed extensive work in recent years:

• New windows throughout and new doors
• Upgraded roofing, plus stucco and waterproofing work
• Plaster repairs
• Primary bedroom upgrades and an updated shower

The Barn

The barn has four 12x12 semi-enclosed stalls designed for ventilation, winter sun and summer shade. It includes heated automatic waterers, stall and aisle mats, fans, an insulated tack/feed room, a cross-tie grooming area, and hay storage with rear delivery access. Frost-free hydrants, flexible turnout areas, panels, electric fencing, feeders and waterers are in place.

Riding on the Property

The riding setup sets this property apart. There's a main arena with sand and stone-dust footing, a sheltered seasonal pond area that works as an additional riding space, and a cross-country-style course with hills, natural features and open riding lines. You can ride on the property, along the surrounding dirt roads, or toward nearby open space leading toward Eldorado. Horses are allowed per the MLS. For more on what to look for in acreage like this, see our Santa Fe horse property tour.

Water and Systems

The property has a documented high-producing private well and a private septic system.

Property Details at a Glance

• Price: $774,000 (reduced $5,000)
• MLS #: 202602324
• Bedrooms / Bathrooms: 2 / 2
• Living area: about 2,458 sq ft, two levels
• Lot: 13.70 acres
• Year built: 2001
• Construction / style: Rastra block; Multi-Level, Northern New Mexico, Ranch
• Heat: propane radiant floor; wood-burning fireplace
• Garage: attached, heated, 3 spaces
• Equestrian: 4-stall barn, arena, cross-country-style course; horses allowed
• Utilities: private well, septic
• Appliances: dryer, dishwasher, disposal, oven, range, refrigerator, washer
• MLS area: 11-Hwy 14/CR 42 E
• Assigned schools (per listing): Amy Biehl Community Elementary, Milagro Middle, Santa Fe High

See all the photos and full details for 15 Deer Tank.

Schedule a Showing

I'm Leland Titus, owner and broker of Santa Fe Realty Unlimited, and I've been selling Santa Fe real estate for more than 20 years. I'd be glad to walk the barn, arena and land with you. Call or text me at (505) 388-0310, or request a showing on the listing page.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information is deemed reliable but not guaranteed.

Room to breathe and big views, just off Highway 14. 44 Willow Branch is a 2-bedroom, 2-bath Northern New Mexico home on 2.46 acres with views of the Sangre de Cristo and Ortiz Mountains. It's offered at $435,000. If you're looking for land, a workshop and space to make a place your own south of Santa Fe, put this one on your list.

Northern New Mexico Style on 2.46 Acres

Built in 1984, the single-level home has 1,344 square feet of living space, 2 bedrooms and 2 bathrooms. It sits in the Hwy 14 / County Road 42 area south of Santa Fe, where homes tend to come with acreage and long views. See what else is for sale nearby on our Hwy 14 / Turquoise Trail community page.

Inside the Home

The interior is full of natural light and has two separate living spaces, so one can be used for relaxing or entertaining and the other as a den or home office. A mini-split addition adds comfort and flexibility. There's one fireplace. Heating is ductless plus the fireplace, and cooling is evaporative. The washer, dryer, refrigerator and electric cooktop convey.

Recent Updates

• New well pump
• Updated electrical panel
• Mini-split addition

Garage, Carport and Workshop

Vehicles and projects both have a home here. There's a garage and a carport, plus a detached workshop for tools, hobbies or storage.

The Land

The 2.46-acre lot gives you room around the house and open views in several directions. The roof is metal. The property runs on a private well and a septic tank.

Property Details at a Glance

• Price: $435,000
• MLS #: 202604045
• Bedrooms / Bathrooms: 2 / 2
• Living area: 1,344 sq ft, one level
• Lot: 2.46 acres
• Year built: 1984
• Style: Northern New Mexico
• Parking / outbuildings: garage and carport, plus a detached workshop
• Heating / cooling: ductless and fireplace / evaporative
• Utilities: private well (new pump), septic tank
• MLS area: 11-Hwy 14/CR 42 E
• Assigned schools (per listing): Amy Biehl Community Elementary, Milagro Middle, Santa Fe High

See all the photos and full details for 44 Willow Branch.

Schedule a Showing

I'm Leland Titus, owner and broker of Santa Fe Realty Unlimited, and I've been selling Santa Fe real estate for more than 20 years. I'd be glad to show you the home, the workshop and the land. Call or text me at (505) 388-0310, or request a showing on the listing page.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information is deemed reliable but not guaranteed.

The views come first at 37 Wide View. From this custom adobe home on 10.44 acres near the Galisteo Basin Preserve, you can see five mountain ranges, with open land in every direction. It's listed at $650,000. If you've been waiting for real space and classic Northern New Mexico character within reach of Santa Fe, this one is worth a look.

Classic Santa Fe Adobe on 10 Acres

Built in 1995 in the Northern New Mexico style, the two-level home has 1,957 square feet of living space, 2 bedrooms and 2 bathrooms. The property sits in the Hwy 14 / County Road 42 area south of town, one of the most open and scenic parts of Santa Fe County. See more homes in the area on our Hwy 14 / Turquoise Trail community page.

Inside the Home

The interior has the details people picture when they think of Santa Fe: adobe walls, exposed beams, a kiva fireplace and Saltillo tile floors. Large south-facing windows bring in light and passive solar warmth. Heat is ductless and passive solar, and cooling comes from refrigerated window units. All appliances convey, including the washer, dryer, dishwasher, oven, range and refrigerator.

Recent Updates

The seller has kept up with the important things. Recent work includes:

• New exterior stucco
• Fresh interior paint
• An on-demand water heater
• Updated kitchen and bathroom faucets
• Roof maintenance (the roof is metal)
• Additional attic insulation

High-speed satellite internet equipment from NM Surf is installed and owned, which helps if you work from home.

A Detached Studio With Options

Next to the home is a detached studio of about 600 square feet. It was originally converted from a garage for music practice. Today it could be a creative studio, an office or a workshop. Gas and water already run to the studio, so it could become more living space, subject to zoning and required approvals.

Room Outside: Barn, Outbuildings and Patio

Outside, a flagstone patio with its own fireplace looks out over the land. There are two outbuildings and a barn on a concrete slab. The acreage has room for horses, animals and outdoor pursuits. The property runs on a private well and a septic system.

Property Details at a Glance

• Price: $650,000
• MLS #: 202604247
• Bedrooms / Bathrooms: 2 / 2
• Living area: 1,957 sq ft, two levels
• Lot: 10.44 acres
• Year built: 1995
• Style: Northern New Mexico
• Extras: about 600 sq ft detached studio, barn, two outbuildings, flagstone patio with fireplace
• Utilities: private well, septic
• MLS area: 11-Hwy 14/CR 42 E
• Assigned schools (per listing): Amy Biehl Community Elementary, Milagro Middle, Santa Fe High

View photos, the virtual tour and full details for 37 Wide View. Some photos have been virtually staged.

Schedule a Showing

Properties with this much land, character and flexibility don't come up often. I'm Leland Titus, owner and broker of Santa Fe Realty Unlimited, and I've been helping buyers find their place in and around Santa Fe for more than 20 years. I'd be glad to walk the property with you. Call or text me at (505) 388-0310 or request a showing on the listing page.

Listing courtesy of Leland Titus, Santa Fe Realty Unlimited. Information is deemed reliable but not guaranteed.

For buyers who want space, privacy, and a lifestyle built around horses, Santa Fe horse property offers an exceptional opportunity. From residential equestrian homes to larger ranch-style acreage, Northern New Mexico delivers a distinctive combination of open land, mountain scenery, and access to Santa Fe.

Watch this full Santa Fe horse property tour for a closer look at the features and lifestyle that can make an equestrian property the right fit.

Beyond the Home

A horse property should be evaluated as a complete system, not simply as a house with land. Buyers should consider whether the site supports their intended use today and offers a practical foundation for the future.

What to Look For in Santa Fe Horse Property

• Usable acreage with terrain appropriate for horses, turnout, and future improvements
• Existing barns, stalls, corrals, pens, gates, and safe fencing
• Water resources, well details, and irrigation potential where applicable
• Reliable trailer access and space for hay, feed, equipment, and storage
• Zoning, covenants, easements, and property-use restrictions
• Access to riding opportunities, veterinary care, feed suppliers, and Santa Fe amenities
• A home location that provides privacy, views, convenience, and visibility of horse facilities

The right fit may be a turnkey equestrian property, or it may be a home and parcel with the right layout and infrastructure to create a customized horse setup. Listing photographs can show the lifestyle, but careful due diligence reveals how the property works day to day.

Horse-Friendly Homes and Ranches

Santa Fe and the surrounding region offer a broad range of options for horse owners. Buyers can find properties near city amenities as well as rural acreage with privacy, open views, and room to grow. Each area has different considerations involving road access, terrain, water, maintenance, and the practical usability of the land.

Santa Fe Realty Unlimited helps buyers search for horse-friendly homes, acreage, ranch properties, and rural opportunities throughout Santa Fe and Northern New Mexico. We help you focus on the features that matter to your goals, then verify the details before you make an offer.

Ready to Start Your Search?

If you are searching for Santa Fe horse property—or preparing to sell an equestrian home or ranch—contact Santa Fe Realty Unlimited at (505) 467-8829. We will help you take the next step with local market knowledge and a search tailored to your property goals.

Search Santa Fe Horse Properties

Home prices are stable, rates have improved from last summer, and affordability is better than it's been in a year. Here's what it all means for buyers and sellers this season.

If you've been paying attention to real estate headlines this summer, you've probably noticed they can't seem to agree on much. One says the market is slowing down. The next says prices are climbing. Someone on the news is still predicting a crash, and meanwhile, your neighbor just sold their house in a week.

So what's actually going on?

I pulled the latest national data to cut through some of that noise, because the real story this summer is actually pretty straightforward once you look at the numbers.

Home prices are steady. The national median home price is sitting at $417,800 right now, which is up less than 1% from last summer. That's a far cry from the double-digit jumps we saw during the pandemic, and it's not a correction either.

We're in a period of genuine stability. Prices do tend to peak during the summer months, and that seasonal pattern is holding, but the days of runaway appreciation pricing people out of the market are behind us for now. Whether you're buying or selling, steady prices give you room to make a thoughtful decision instead of a reactive one.

Rates are better than they were a year ago. The 30-year fixed mortgage rate is averaging around 6.5%, down from nearly 7% last summer. That might not sound like a dramatic shift, but it's brought a meaningful number of buyers back into the market.

Every fraction of a point changes what someone can comfortably afford on a monthly payment, and that improvement has been enough to get people off the sidelines. Nobody expects rates to return to the 3% range anytime soon, but the gradual downward trend has been one of the more encouraging developments of 2026.

"Through all of that noise, real estate has remained remarkably steady."

Affordability has actually improved. This is the part that surprises people. Even with prices at a record high, homes are more affordable than they were a year ago, because wages have been growing faster than home prices. The national affordability index has climbed to 102.3, up from 95.5 last summer, and it has improved in every region of the country.

Inventory is sitting at about 4.6 months of supply, which is roughly where it was a year ago and still below the 5 to 6 months most economists consider balanced. So buyers aren't drowning in options. But their buying power has gone up, and that's a real shift. For sellers, that means demand is still there, but pricing correctly matters. Well-positioned homes are still selling. Overpriced homes are sitting.

The broader economy is confusing, but real estate isn't. This is the part that trips a lot of people up. Consumer confidence is low. Energy prices have been climbing. Global conflicts are creating uncertainty in ways that feel unpredictable. And yet the stock market keeps hitting new highs. The signals seem contradictory, and that makes people hesitant.

But through all of that noise, real estate has remained remarkably steady. Homes are still selling, prices are holding, and the fundamentals that drive housing, people needing places to live, and not enough homes to go around, haven't changed.

Those are the national numbers, and they paint a pretty clear picture. But national data only tells you so much. The market in your neighborhood, in your price range, and for your specific situation can look very different from the headlines.

If you want to know what the real numbers look like where you are, I'm happy to walk you through it so you're making decisions based on what's actually happening, not what someone said on the news. Call or text me at 505-388-0310, email me at nmrealtorleland@gmail.com, or visit www.santaferealtyultd.com/blog.