A new listing in Santa Fe is only the latest evidence of a thriving upper end real estate market in the state’s capital city.
Located at 19 Via De Las Yeguas, around 9 miles to the west of downtown Santa Fe, the property lists for $4.3 million, and includes everything from a floor-to-ceiling porcelain-tiled wall in the living room surrounding a biofuel fireplace, and 18-foot-tall glass panels facing out onto the Sangre de Cristo and Jemez Mountains.
Other amenities: stacked stone walls in the kitchen, a library, media room, two guest suites, al fresco hot tub, and outdoor sitting space with two water features and a firepit.
The residence was designed by Archaeo Architects of Santa Fe, a firm long specializing in residential and commercial work through the southwest, and built by Prull Custom Builders, also of Santa Fe, acclaimed for its custom homes and green building projects.
The 4,200 square-foot Via De Las Yeguas residence was completed last year and sits on a 2.3-acre site.
The Santa Fe residential market has long either led or been very near the top of the most expensive real estate properties in New Mexico. According to the Santa Fe Association of Realtors, the average home value in the city as of early this year was at $608,000, compared with a Zillow state-wide average of $288,200.
And that $608,000 was up from a Santa Fe average of $345,000 just five years ago in 2018.
The upscale market in Santa Fe has long been an industry mainstay. In 1988, the Santa Fe New Mexican noted that houses listed at or above $200,000 were a reflection of “the continuing popularity of Santa Fe as a vacation and retirement area,” during a time when the state average was just under $70,000.
The Via De Las Yeguas residence is being listed by the Santa Fe offices of Sotheby’s International Real Estate.
By Garry Boulard
