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1 of 32

203 NM Highway 3

$579,000

  • 4,670 sqft

A charming compound: two homes, a commercial building, and lots of parking space in the village of Ribera provides the perfect live/work opportunity. Live in…

Key Features

MLS: 202601555

List Date: 04-14-2026

Status: Active

Area: San Miguel Cnty

Type: Live Work

Acres: 0.86

Total Sqft: 4,670

Presented By

A charming compound: two homes, a commercial building, and lots of parking space 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 granite counters, new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The second home has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, and is fully fenced. It is currently rented for $1,100 per month, and it has its own electric meter. The Sala 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!

Additional Features

Construction Materials:Adobe, Rock

Days on Market:4

Flooring:Wood

Heating:Ductless, Wood Stove

Interior Features:No Interior Steps

Other Structures:Outbuilding

Property Type:Residential

Roof:Metal

Sewage:Septic Tank

Style:Northern New Mexico, One Story

Utilities:Septic Available, Water Available, Electricity Available

Zoning:Other, Rural Residential

Schools

Elementary School: Unknown

Junior High School: Unknown

High School: Unknown

Listing Brokerage

IDX listing

Katherine Ballard-Ryan

Berkshire Hathaway HomeService

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby’s International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.

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