Views - Eco Friendly
Address
14197 Sr 75, Penasco, NM
Price
$ 465,000
Property Attributes
- MLS#114585
- TypeSingle Family
- Listing Status Active
- CountyTaos
- CityPenasco
- AreaPENASCO AREA (29B)
- NeighborhoodNone
- Zip87553
- Style
- Year Built1975
- Taxes$ 269
- Price$ 465,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3400
- Lot Size0.46 Acres
Data Source:
Taos County AOR
Property Description
Live, Work, & Earn at this Magical Restored Compound with Commercial Frontage in Peñasco ~ Back on Market following Improvements… 14197 NM-150 isn't just a home; it's the investment of a lifetime; two distinct residences that can be connected as one, with a road front gallery space ready to go for immediate income. 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 well below a 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 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. Don't let this one slip through the cracks!
| Price History | |
|---|---|
| 2/19/2026 | Listed $490,000 |
| 4/25/2026 | 2$480,000 |
| 5/29/2026 | 3$465,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Utilities | Electricity Connected,Propane |
| Property Subtype | Single Family Residence |
| Property Type | Residential |
| Subdivision Name | None |
| Status | Active |
| Directions | From Paseo del Pueblo Sur in Taos (NM 68-South) make a Left onto NM-518 South aka the the High Road to Taos. Go approximately 15.8 miles, make a Right onto NM-75 West. Go approximately 10 miles, and the property will be on your Left, directly across from the Penasco Post Office. Look for sign. |
| City | Penasco |
| Zoning Description | Rural Agricultural |
| MLS Area | PENASCO AREA (29B) |
| Lot Size Units | Acres |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Penasco |
| Legal Description | 0.4635 Acres to be verified by the Title Company. |
| County | Taos |
| Tax Annual Amount | 269.45 |
| Other Structures | Studio/Office,Outbuilding |
| Virtual Tour | https://youtube.com/shorts/v-tgqmXuUb8?feature=share |
| Roof | Pitched |
| Patio/Porch Features | Covered,Deck,Porch |
| Construction Materials | Adobe,Block,Frame,Stucco,Wood Siding |
| Year Built | 1975 |
| Stories Count | 2 |
| Levels | Two |
| Waterfront Features | None |
| Assoc Fee Paid Per | Monthly |
| Full Baths | 3 |
| Heating | Baseboard,Dual System,Fireplace(s),Heat Pump,Other,Passive Solar,Wood Stove,Wall Furnace |
| Appliances | Dryer,Dishwasher,Electric Range,Freezer,Gas Range,Gas Water Heater,Microwave,Refrigerator,Washer |
| Architectural Style | Contemporary,Conventional |
| Security Features | Smoke Detector(s) |
| Green Water Conservation | Gray Water System,Water-Smart Landscaping |
| Cooling | Dual,Heat Pump |
Interior Features
| Heating Y/N | true |
|---|---|
| Fireplace Y/N | true |
| Fireplace Features | Family Room,Gas,Kitchen,Living Room,Multiple,Stone,Wood Burning Stove |
| Window Features | Double Pane Windows,Insulated Windows,Screens,Single Pane,Window Coverings |
| Total Bedrooms | 4 |
| Total Baths | 3 |
| Interior Amenities | Ceiling Fan(s) |
| Flooring | Tile,Wood |
| Total Fireplaces | 4 |
| Laundry Features | Washer Hookup,Dryer Hookup |
Exterior Features
| Vegetation | Mixed |
|---|---|
| Lot Features | Cleared,Garden,Gentle Sloping,Level,Sloped,Trees,Views,Xeriscape |
| Water Source | Community/Coop |
| Lot Size Area | 0.46 |
| Lot Size Acres | 0.46 |
| Waterfront Y/N | false |
| Road Frontage Type | Public Road |
| Fencing | Chain Link |
| Exterior Amenities | Dog Run,Gravel Driveway,Hot Tub/Spa,Shed,Water Feature |
| Building Area Total | 3400 |
| Foundation Details | Slab |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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