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14197 State Road 75, Penasco, NM 87553

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For Sale

$530,000

4 beds • 3 baths • 3,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $155.88
    Price per square foot

  • 41-50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

14197 NM-150 isn't just a home; it's two distinct residences that can be either connected as one or self-contained. The location offers the idyllic New Mexico lifestyle and the property has immediate built in income generating potential. The upstairs welcomes you into a charming 2,000+ sqft haven, containing a spacious living room with gleaming oak wood floors, a light-filled open-concept kitchen, and an inviting dining area, kept comfortable by recently installed mini splits that provide the perfect temperature (heating & cooling) all throughout the year. Two wood burning wood stoves and a sunroom provides additional warmth and coziness on cold winter days. For the aspiring artist, craftsperson, shop owner and so forth, the attached studio at the front of the residence near the famous highway could easily become your commercial space or art gallery, generating even more income. The residence is being listed at the recent appraised value of $530k as of June 18th, 2025. Downstairs is an immaculate and generously sized 1400 sq ft two-bedroom apartment. This connected or self-contained unit boasts an open-concept kitchen with authentic Saltillo floors, a highly functional kitchen with custom cabinetry, and an open living room kept cozy by the stone fireplace. Each unit has its own private washer & dryer. With its proven track record as a highly-rated Airbnb and being offered fully furnished, the short-term or long-term rental possibilities are truly remarkable. The property even features a salt water hot tub among poppies blooming in the springtime. The traditional root cellar for storing all your canned goods is a special feature of the property, as is the fully powered and highly functional detached workshop ready to go for a number of hobbies, extra storage, or yet another income stream. There is an established animal pen with a chicken coop out front and succession of perennials blooming throughout the warm season in the gardens. Nestled in the charming village of Peñasco, you re steps away from local favorites like Sugar Nymphs restaurant and the Peñasco Performing Arts Theater. Outdoor adventures abound with Sipapu Ski Resort, Santa Barbara Campground, Dixon Cooperative Market, and renowned wineries like Chiripada and Vivac all nearby. This is truly a must-see opportunity to own a versatile, income-generating property in the heart of Northern New Mexico. Are you ready to seize this unique opportunity?
MLS# 113438

Courtesy Of Berkshire Hathaway HomeServices Taos Real Estate

(575) 758-1924

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Ceiling Fan, Garden
  • Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Contemporary
  • Exterior Type
    Adobe, Block, Stucco, Wood Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Tile, Wood
  • Heating System
    Baseboard
  • Lot Size
    0.46 Acres

Map and Directions

Directions to 14197 State Road 75, Penasco, NM 87553

Home seller CENTURY 21 Dunagan Associates

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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