Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Mountain Properties

Property view
Listing view 2
Listing view 3

203 State Highway 3, 
Ribera, NM 87560

$499,000


5

Beds


2

Baths


3,579

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Kitty Ballard-Ryan

Berkshire Hathaway Homeservice

505-982-0330

Last updated:

October 30, 2026, 05:11 PM

MLS#

202604544

Source:

NM SFAR

About This Home

203 State Highway 3

A charming compound: two homes and a very large studio that was historically a dance hall in the village of Ribera - provides the perfect live/work opportunity. Live in one home and rent out the other while you operate an art gallery or retail space where the Ribera Farmer's Market has been located. Both homes have that Southwestern Style with vigas, and both have been recently updated with new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, mini splits, wood stove, granite counters, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the studio - commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The guest house casita has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, wood stove, and is fully fenced. It has rented for $1,100 per month, and it has its own electric meter. The Sala studio - commercial building is a large adobe and rock building with high ceilings and gorgeous vigas. There is plenty of parking all around, with views of the mesa and close to I-25 for a 20 minute drive to Las Vegas NM or 40 minutes to Santa Fe. Villanueva State Park is just down the road with camping and hiking. This beautiful New Mexico style compound has income and space to live and work in a beautiful environment! Be sure to watch both video tours in the video links. Great 1031 exchange. Seller open to paying for interest rate buy down with acceptable offer.

Home Facts

Single Family

2 Baths

5 Bedrooms

Built in 1935

Price Summary

499,000

$139 per Sq. Ft.

MLS #:

202604544

Last Updated:

October 30, 2026, 05:11 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

3,579 Sq. Ft.


Structure

Structure

Building Area:

3,579 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

37,461


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$139 per Sq. Ft.

Source:NM SFAR
The information being provided by Santa Fe Association Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Santa Fe Association Of REALTORS® Mls All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.