1 Opera House Road, Madrid, NM 87010

Madrid
Local realty services provided by:ERA Summit
1 Opera House Road,Madrid, NM 87010
$500,000
  • 3 Beds
  • 2 Baths
  • 1,750 sq. ft.
  • Single family
  • Active
Listed by: cynthia c. sheff, michael s. sanford
Office: sotheby's int. re/grant
MLS#:202600581
Source:NM_SFAR

Price summary

  • Price:$500,000
  • Price per sq. ft.:$285.71
  • Monthly HOA dues:$1.67

About this home

This inviting Madrid townsite property blends historic character with modern updates, featuring an upgraded kitchen and a detached guest house complete with a full bath and kitchenette. It’s an ideal fit for a homeowner seeking rental income, a private studio, or a strong investment opportunity.  Originally one of Madrid’s miner cabins, the main home has been lovingly restored and thoughtfully expanded to include two upstairs bedrooms. The living room and kitchen retain their original hardwood floors, complemented by a wood stove, gas range, granite countertops, and a passive-solar dining area with Saltillo tile. Newer metal ProPanel roof.  The detached casita—an original stone-and-stucco structure—sits well behind the main house with its own private access and parking off Backroad. It is currently rented and equipped with separate sub-meters and a second water co-op hookup, offering immediate income potential. The main house includes a well-planned laundry room with added storage,...

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Home facts

  • Listing ID #:202600581
  • Added:19 day(s) ago
  • Updated:March 19, 2026 at 04:00 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Flagstone, Tile, Wood
  • Living area:1,750 sq. ft.

Heating and cooling

  • Heating:Passive Solar, Propane, Wood Stove

Structure and exterior

  • Roof:Metal, Pitched
  • Building area:1,750 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Frame, Wood Siding
  • Levels:2 Story

Schools

  • High school:Capital
  • Middle school:Capshaw
  • Elementary school:Amy Biehl Community

Utilities

  • Water:Community Coop
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$285.71

Features and amenities

  • Appliances:Refrigerator, Washer, Water Heater
  • Laundry features:Dryer, Washer, Water Heater
  • Amenities:Insulated Windows

Parking

  • Total parking spaces:3

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