PACKAGE DEAL! One of-a-Kind Compound in Corrales! This unique estate includes five separate houses on 4 separate lots. Main house + casita (120 & 121 Espinosa) north side of the road. 3 identical floor plan 2bdr, 2bth + office houses (111, 115, & 119 Espinosa) south side of road. Thoughtfully designed for multi-generational living, income-producing rentals, or a private retreat. The main house features timeless Southwestern style, complete with high ceilings, natural wood accents, and abundant natural light. A charming casita provides a cozy, self-contained space for guests or extended family. The property also includes four storage sheds with income-producing potential and four horse stalls--perfect for equestrian enthusiasts.
Property Details
Property Features
Property Information:
Year Built: 2003
Living Area: 7,809 SqFt
Listing Office:
Office Name: Vista Encantada Realtors, LLC
Office Phone: (505) 884-0020
Listing Agent: Katherine Gilmore Mosley
Interior Features
Interior Information:
Appliances: Gas Oven, Gas Range, Disposal, Refrigerator
Basement: No
Flooring Type: Carpet, Tile
Interior: Ceiling Fan(s), Skylights
Fireplace: Option
Bedroom and Bathroom Information:
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Exterior: Patio
Lot Features
Lot Information:
Lot Size: 2.08 Acres
Utilities
Utilities Information:
Heating: Central, Forced Air, Radiant
Cooling: Central Air, Ceiling Fan(s)
Other
Directions Information:
Directions: From Corrales Rd. and Alameda. Head North on Corrales Rd. West on Espinosa Rd. to property. Main house and Casita (120 & 121 Espinosa Rd.) are on the North side of Espinosa Rd. The 3 Identical detached homes (111, 115, & 119 Espinosa Rd.) are on the South side of Espinosa Rd. (Directly across from Main House & Casita.
Price Information
Listing Price Info
Price Summary:
List Price: $3,200,000
Price Per SqFt: $410/SqFt
Tax Information:
Annual Amount: $5,721
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Corrales, NM.
This property is $2.5M more than the Median Sold Price and $125/SqFt more than other homes in Corrales, NM.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWMLS
MLS Number: #1073661
Listing Office:
Office Name: Vista Encantada Realtors, LLC
Office Phone: (505) 884-0020
Listing Agent: Katherine Gilmore Mosley
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Corrales Elementary School
200 Target Rd
Distance between this listing and this school1.19 miles
Public District Grades KG-5
6
/10
Rio Rancho Elementary School
4601 Pepe Ortiz Rd SE
Distance between this listing and this school2.35 miles
Public District Grades KG-5
8
/10
Enchanted Hills Elementary School
5400 Obregon Rd NE
Distance between this listing and this school2.66 miles
Public District Grades KG-5
Nearby Schools
9
/10
Rio Rancho Middle School
1600 Loma Colorado Blvd NE
Distance between this listing and this school4.03 miles
Public District Grades 6-8
6
/10
Lincoln Middle School
2287 Lema Rd SE
Distance between this listing and this school4.67 miles
Public District Grades 6-8
6
/10
Eagle Ridge Middle School
800 Fruta Rd NE
Distance between this listing and this school4.80 miles
Public District Grades 6-8
Nearby Schools
2
/10
Independence High School
421 Quantum Rd NE
Distance between this listing and this school2.22 miles
Public District Grades 9-12
7
/10
The Ask Academy
4550 Sundt Rd NE
Distance between this listing and this school2.60 miles
Public Charter Grades 6-12
9
/10
Rio Rancho Cyber Academy
1330 Jackie Rd SE
Distance between this listing and this school2.82 miles
The neighbors living near this home have an average income of $85,364. Typical income of Corrales, NM residents is between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Corrales, NM
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Corrales, NM?
The housing landscape in Corrales is characterized by a predominance of single-family homes, which make up a significant portion of the market. These homes often feature Southwestern and Pueblo-style architecture, reflecting the region's cultural heritage. The area also offers a selection of townhouses and a limited number of apartments, providing options for various living preferences. The majority of the homes were built between the 1970s and the 1990s, with a homeownership rate that is high, indicating a stable residential community.
Is Corrales, NM a good place to live?
Corrales maintains a rural charm and a strong sense of community, celebrated for its agricultural roots and open spaces. The village prides itself on its local art scene, with numerous galleries and studios dotting the area. Seasonal events, such as the Corrales Harvest Festival, embody the community's connection to its agrarian history and foster a sense of togetherness among residents.
Are things conveniently located in Corrales, NM?
Residents of Corrales have access to a range of essential services. The community is served by a number of public schools, providing educational opportunities from elementary through high school levels. Healthcare services are available in nearby cities, offering comprehensive care including urgent and primary care. The village also features a public library, and local retail and dining establishments reflect the unique culture of the area, with a focus on locally-sourced products and traditional New Mexican cuisine.
What does the transportation in Corrales, NM look like?
Transportation in Corrales is primarily oriented towards private vehicles, with well-maintained roads connecting residents to nearby cities and amenities. Public transit options are available, with services connecting to the larger metropolitan area. The village's layout and scenic trails also encourage walking and biking, with certain areas being particularly pedestrian-friendly. While ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.
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This home is located at 120 Espinosa Rd in Corrales, NM and zip code 87048. This 7,809 square foot home, which was built in 2003, sits on a 2.08 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $3,200,000.
In November 2024, from all listings sold in Corrales, NM there were more than 1 sold above asking price, over 6 sold below and more than 5 were sold right at the asked price. Between October 2024 and November 2024, Corrales, NM real estate market has seen decrease in the number of listings by 14.7%. While the average time on the market in November 2024 was 57 days, the median list price was $680,000.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. 
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