Live, Work, & Earn at this Magical Restored Compound with Commercial Frontage in Peñasco ~ 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!
- Heating System:
- Heat Pump, Wood Stove, Other, Fireplace(s), Baseboard, Wall Furnace, Passive Solar, Dual System
- Cooling System:
- Heat Pump, Dual
- Fence:
- Chain Link
- Fireplace:
- Living Room, Family Room, Kitchen, Gas, Wood Burning Stove, Stone, Multiple
- Patio:
- Deck, Porch, Covered
- Laundry Features:
- Washer Hookup, Dryer Hookup
- Sewer:
- Septic Tank
- Utilities:
- Electricity Connected, Propane
- Waterfront Features:
- None
- Window Features:
- Double Pane Windows, Screens, Window Coverings, Insulated Windows, Single Pane
- Architectural Style:
- Contemporary, Conventional
- Exterior Features:
- Dog Run, Gravel Driveway, Shed, Hot Tub/Spa, Water Feature
- Fireplaces Total:
- 4
- Flooring:
- Wood, Tile
- Interior Features:
- Ceiling Fan(s)
- Appliances:
- Dishwasher, Refrigerator, Washer, Dryer, Microwave, Gas Range, Gas Water Heater, Electric Range, Freezer
- Country:
- US
- State:
- NM
- County:
- Taos
- City:
- Penasco
- Subdivision:
- None
- Zipcode:
- 87553
- Street:
- SR 75
- Street Number:
- 14197
- Mls Area Major:
- PENASCO AREA (29B)
- 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.
- Middle School:
- Penasco High
- Elementary School:
- Other
- High School:
- Penasco High
- Office Name:
- Berkshire Hathaway HomeServices Taos Real Estate
- Agent Name:
- None
- Levels:
- Two
- Lot Features:
- Cleared, Level, Garden, Views, Sloped, Gentle Sloping, Trees, Xeriscape
- Stories:
- 2
- Virtual Tour:
- https://youtube.com/shorts/v-tgqmXuUb8?feature=share
- Water Source:
- Community/Coop
- Building Size:
- 3400
- Construction Materials:
- Block, Stucco, Wood Siding, Frame, Adobe
- Foundation Details:
- Slab
- Tax Annual Amount:
- 269.45
- Association Fee Frequency:
- Monthly
- List Agent Mls Id:
- 1093
- List Office Mls Id:
- 25
- Mls Status:
- Active
- Modification Timestamp:
- 2026-03-13T23:51:28Z
- Originating System Name:
- TAOS
Residential For Sale
14197 Sr 75, Penasco, New Mexico 87553
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- 114585
- Price :
- $490,000
- Bedrooms :
- 4
- Bathrooms :
- 3
- Square Footage :
- 3,400 Sqft
- Year Built :
- 1975
- Lot Area :
- 0.46 Acre
- Status :
- Active
- Number of Acres :
- 0.46
- Property Sub Type :
- Single Family Residence
- Roof:
- Pitched
- Full Bathrooms :
- 3
