405 Cordoba (Palacio de Marquesa)

Taos, NM
$ 2,750,000 Beds 0 Baths 0 Sq 7,529
Monthly Estimate* How much can I afford?

Palacio de Marquesa is located at 405 Cordoba Lane in Taos, New Mexico and is currently operating as an 8 bedroom bed and breakfast (7,179 SF) with a private manager's quarters (350 SF). The property is currently owned and operated by Heritage Hotels and Resorts (HR&R), New Mexico's largest hospitality company. The property consists of two tracts, both of which are slightly larger then one-half acre totaling 1.214 acre, with the adjacent tract to the bed and breakfast representing an opportunity for further development to expand the number of rooms and amenities to what currently exists. Originally developed in the 1920s as a residence with five rooms, the east wing and casita were added in the 1930s, and the garage and adjacent space were added in the 1940s. The home became a hospitality property named Casa de las Chimineas, operating as such for approximately 25 years, and in 2013, HR&R acquired the property and subsequently, the adjacent lot. The adjacent lot offers numerous opportunities for further development including the possibility of a wedding venue, wellness venue with pool (s) and hot tub (s) , spa and additional suites, or the entire property could be considered for use as a family compound or corporate retreat and compound. A new roof with skylights were added in 2020.

Commercial

  • Price
  • $ 2,750,000
  • Lot Size
  • 1.21 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 7,529
  • Full Bathrooms
  • 0
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Taos
  • County
  • TAOS
  • Style
  • Area
  • Taos and Environ
  • MLS#
  • 202102373
  • Zip
  • 87571
Listing Provided by: Chris Webster with Sotheby's Int. RE/Grant.
Data Source: Santa Fe AOR (SFAR)

Features

General

Bank Owned No
Building Use Hotel/Motel/Hospitality
Class COMMERCIAL BUILDING
Construction Adobe
Extras Fire Alarm, Fire Sprinklers, Kitchen Area, Living Area, Restrooms, Water Heater
Gas Y/N Natural
Lease Type Other - See Remarks
Legal Description As defined on deed and title policy
Listing Area 70-Taos and Environ
Miscellaneous Gas Water Heater, Inside Storage, Janitorial Service, Landscape Irrigation, Living Area in Build, Outside Space
Possession Upon Funding
Price Per Sq Ft 365.25
Property Description Palacio de Marquesa is located at 405 Cordoba Lane in Taos, New Mexico and is currently operating as an 8 bedroom bed and breakfast (7
Roof Flat
Showing Instructions 24 Hour Notice, Agent Present, Call Listing Office, ShowingTime
Status Active
Status Active
Tenant Pays Other - See Remarks
Terms Cash
Type Hospitality
Water City
Year Built 1920

Interior Features

Electricity Public
Flooring Other - See Remarks, Tile, Wood

Exterior Features

Lot Sq Ft 52882
Parking Facilities Parking Area
Sewage City
Water Rights Available No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the White Rock, NM office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/7/2021 Listed $3,250,000
11/2/2021 16% - $2,750,000

Property vs Zip Code Average in 87571

Price
AVG $1.43M
$2.75M
Visits
AVG 6
33
Year Built
AVG 1920
1920
Walkscore
AVG 55
69
Data Provided by Walkscore ® not using MLS data

Map

405 Cordoba (Palacio de Marquesa) Taos, NM is a Single Family Home for sale at $2750000 with 7529 sqft and a lot size of 1.21 Acres Acre(s). 405 Cordoba (Palacio de Marquesa) Taos has 0 bedrooms, 0 baths and was built in 1920. The property's zip code is 87571 which is in Taos, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.