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    707 E Palace Ave, Unit 8 Santa Fe, NM 87501

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    For Sale
    $1,249,000

    Historic Santa Fe condo with modern amenities, close to everything.

    Property size:
    2,304 SF

    Property Features for 707 E Palace Ave

    General Information

    Size
    2,304 SF

    Building Details

    Year built
    1985

    Source: Keller Williams Santa Fe Agent Stephen Pollack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Refined Condo Near Canyon Road

    Located in historic Santa Fe, this condominium is situated within the La Vereda Compound, near Canyon Road, galleries, restaurants, and the Plaza. The residence features 2 bedrooms, a large office, 2 full bathrooms, and a half bath. The updated kitchen includes high-end appliances such as a gas oven/range, contemporary cabinetry, and premium finishes. The living and dining area features high ceilings and Santa Fe touches. A solarium off the living and dining rooms provides additional living space and passive solar heat. There is a large laundry room and an extra utility/storage room. The primary suite, located upstairs, opens to a private balcony. The property is 2304 square feet. The residence is intended as a peaceful getaway, a lock-and-leave second residence, or a sophisticated pied-a-terre.
    Location Intelligence

    Current Use by Public Records

    Palace Prime American Restaurant Institute for Social and Applied ... Association Or Organization John Nicksic Marketing Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -105.9251751
    Latitude
    35.6853735

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    FAQs

    What type of property is this?
    Single family property - Historic Santa Fe condo with modern amenities, close to everything.
    Where is this single family property located?
    The property is located at 707 E Palace Ave, Unit 8 Santa Fe, NM.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Prime location in historic Santa Fe, steps from Canyon Road and the Plaza.; - Spacious layout with 2 bedrooms, 2 full bathrooms, a half bath, plus a large office.; - Updated kitchen features high-end appliances and premium finishes.
    Request Owner's contact information
    707 E Palace Ave, Unit 8 Santa Fe, NM 87501
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    Santa Fe, NM 87501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    707 E Palace Ave, Unit 8 Santa Fe, NM 87501
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