Looking to Invest of Live in Santa Fe for under $700K?

September 18, 2024 By Bunny Terry

Below are some great homes to buy in Santa Fe for $700,000 or less !

Reach out to me or my team for further details or to schedule a showing.

Bunny Terry – 505.504.1101

bunny@bunnyterry.com

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4723 Lluvia Encantada

Price: $700,000
Bedrooms: 3
Baths: 2
MLS: 202403072

This home is in one of the newer developments near Presbyterian Hospital. These are good rentals for families and Las Alamos workers. Because they’re just a few years old, they have fewer systems that will need more than general maintenance. They probably will rent for about $2.50 per square foot, so this would be a $3,500 to $4,000 rental, which is an annual return of about 6.5%. Find full listing here.

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3605 Calle De La Alegria

Price: $669,990
Bedrooms: 4
Baths: 3
MLS: 202403753

Brand new build and in an area close to the one in the previous paragraph. Because this is new, it will come with a one-year builder’s warranty. Find the listing here.

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521 Juniper Drive

Price: $625,000
Bedrooms: 3
Baths: 2
MLS: 202403878

This is a sweet, smaller home that’s walkable to the Plaza. Near the Rosario Cemetery and above (east of) De Vargas Center. Because of it’s proximity to downtown, it would be a great rental – $4,000 ish. Here is the full listing.

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1012 Marquez Place 212A

Price: $535,000
Bedrooms: 1
Baths: 2
MLS: 202403851

Only one bedroom, but walkable to Whole Foods, downtown and the Railyard. These Marquez Place lofts are very popular. Find full listing here.

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21 Mimosa

Price: $689,000
Bedrooms: 3
Baths: 2
MLS: 202403813

Eldorado is a great option as an investment because in the past three years, homes have increased in value in that area by over 20%. They make good rentals due to the school system and because many renters want to live in the open space. Find full listing here.