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Market trends in 87540, NM
Last updated October 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
98.7%
+3.6% MoM
Median sale price
$889K
$89K MoM
Avg. days on market
65d
4 days MoM
Recently sold homes
3
5 MoM
Provided by Redfin
Sale history for 88 Cerro Alto Rd
Date
Event
Price
Public Records
May 3, 2023
Sold
—
Santa Fe MLS #202232894
Feb 24, 2023
Price Changed
$119,900
Feb 24, 2023
Price Changed
$199,900
Sep 7, 2022
Listed
$124,900
Santa Fe MLS #201703821
Dec 4, 2020
Contingent
—
Aug 7, 2017
Listed
$99,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,096 (−0.8%)
$38,102
2024
$1,104 (+122.7%)
$38,590
2023
$496 (+1.5%)
$15,000
2022
$488 (−1.0%)
$15,000
2021
$493 (−0.4%)
$15,000
2020
$496
$15,000
2019
$495 (−0.4%)
$15,000
2018
$497
$15,000
Tax history for 88 Cerro Alto Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,096 (−0.8%)
$38,102
2024
$1,104 (+122.7%)
$38,590
2023
$496 (+1.5%)
$15,000
2022
$488 (−1.0%)
$15,000
2021
$493 (−0.4%)
$15,000
2020
$496
$15,000
2019
$495 (−0.4%)
$15,000
2018
$497
$15,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RES-E
U.S. 285 SOUTH HIGHWAY CORRIDOR O-CD
Residential Estate District
The purpose of the Residential Estate RES-E district is to designate areas suitable for a combination of large-lot and suburban-type residential development, ranchettes and other compatible uses. The RES-E district supports single-family homes on medium sized lots consistent with contemporary community development. Generally this district applies to low to medium density residential development in established neighborhoods lands that are already committed to residential uses and have been subdivided for a specific development and undeveloped or underdeveloped areas with a moderate to high development suitability. This category may include limited agricultural use accessory to residential uses. Density transfers and clustered development shall be allowed in order to support continued farming and/ or ranching activities, conserve open space or protect scenic features and environmentally sensitive areas.
Zone overlays
O-CD
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Medical office
Educational/school
Library
Recreation
Property details
Exterior
Property Information
Subdivision Name: SPIRIT WIND WEST SUB PH 1-A
Legal Description: T15N R10E S32, SPIRIT WIND WEST S/D, PHASE 1-A, LOT 2, 3.032 AC
Lot Information
Land Sq. Ft: 143,621
Legal Lot Number: 2
Municipality Name: SANTA FE OUT CITY LIMITS
Acres: 3.2971
County Use Description: VACANT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 3.3 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Santa Fe County
APN: 99308668
Home facts updated by county records on Apr 9, 2026
Around this home
Schools
K - 12
Preschool & daycare
El Dorado Community School
Public PreK-8 • Assigned • 3.8mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
8% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 91° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Lamy, NM • 87540
Average low and high temperatures (°F)
42°
21°
56°
31°
64°
35°
66°
39°
73°
46°
85°
57°
87°
61°
85°
60°
76°
52°
67°
45°
54°
33°
51°
30°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.5 hours in
June and 7 hours in December, placing it above the
U.S. average for solar exposure.
11.5 hrs
7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$148,000 – $179,000
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