1A, 1B, 2, 4, 5, 7 Melody Lane, Santa Fe, NM 87506
Local realty services provided by:ERA Summit
1A, 1B, 2, 4, 5, 7 Melody Lane,Santa Fe, NM 87506
$599,000
- 3 Beds
- 2 Baths
- 2,181 sq. ft.
- Single family
- Active
Listed by: yancy whittaker
Office: coldwell banker mountain prop
MLS#:202600589
Source:NM_SFAR
Price summary
- Price:$599,000
- Price per sq. ft.:$274.64
About this home
"Property includes well water rights of 3 acre-feet annually for both parcels, plus, 5 Melody Lane offers surface irrigation rights from the historic Acequia Barranco Blanco at 5.29 acre-feet annually — a rare and valuable asset in Northern New Mexico's water-scarce landscape." Strategically situated between Santa Fe and Los Alamos, is this rare Melody Lane Compound, just off CR 84 in Jacona just West of Nambé. Spanning two separately deeded parcels with multiple established addresses, this unique estate provides exceptional flexibility, valuable domestic and livestock water rights, and ample acreage in one of Northern New Mexico’s popular and well traveled corridors. At the center of the property is a spacious 2,181 sq. ft. main residence ready for immediate enjoyment. Additional detached residential structures are positioned throughout the acreage, offering a variety of possibilities for rental opportunity, extended household use, guest accommodations, studio space, or future planning.The area’s rich soil and outdoor potential, make it easy to imagine gardens, animals, and a true Northern New Mexico homestead lifestyle. The property will require vision and dedication to fully realize its true potential, reflected in a list price nearly $300,000 under recent appraisal, but the setting, land, and water security create a rare long-term opportunity is . A special chance to create a legacy compound with room to grow in a prime location between Santa Fe and Los Alamos. While traditional investments face unprecedented uncertainty, this 2-parcel, 4-unit property offers what paper assets cannot: tangible income-generating real estate with water rights in a supply-constrained market. Multiple revenue streams provide natural inflation protection as rents rise with the cost of living. Sees New Mexico real estate as undervalued vs. CA/CO/TX. Call for more information and to schedule your private showing today....
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Home facts
- Year built:1946
- Listing ID #:202600589
- Added:83 day(s) ago
- Updated:May 12, 2026 at 08:47 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,181 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1946
- Building area:2,181 sq. ft.
- Lot area:2.02 Acres
- Architectural Style:Pueblo
- Levels:2 Story
Schools
- High school:Pojoaque High School
- Middle school:Pojoaque Jr High
- Elementary school:Pojoaque
Utilities
- Water:Private
- Sewer:Septic Tank
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$274.64
Parking
- Total parking spaces:4
- Parking description:Attached, Carport, Garage
- Garage:Yes
- Garage spaces:2
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