$10,000 Closing Credit¹
#1077617, Casilda G Barlow, Listing Office: Working Girl Real Estate Servi
$1,124,999 List price
140 Palacio Rd Corrales, NM 87048
$10,000
Closing credit¹
4 beds
1 full, 1 partial
3,563 sqft
0.9 acres
$316 / sqft
House
Property details
About 140 Palacio Rd
*** ACTIVE UNDER CONTRACT*** Nestled in the heart of Corrales, this stunning NM-style adobe home at 140 Palacio offers timeless charm and modern elegance. Featuring authentic wood beams and classic adobe construction, this property captures the essence of Southwestern living. Enjoy breathtaking, unobstructed views of the Sandia Mountains, the Rio Grande Bosque, and the city lights, all from your private oasis. Expansive windows bathe the interior in natural light, connecting you to the outdoors. Perfect for those seeking tranquility and beauty, this home combines traditional architecture with unparalleled scenery.
Highlights
Home typeSingle Family Residence
HeatingOther, Multi Unit(s), Natural Gas
StatusActive
CoolingMulti Unit(s), Central Air
Size3,563 sqft
Lot size0.86 Acres
Year built1989
ParkingAttached, Finished Garage, Garage, Garage Door Opener, Oversized, Storage
MLS #1071325
Attached garage3 spaces
FireplaceKiva, Log Lighter, Wood Burning Stove
Private poolYes
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Electric Range, Double Oven, Dishwasher
- Basement: No
- Flooring Type: Brick, Carpet, Tile
- Interior: Beamed Ceilings, Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Great Room, In-Law Floorplan, Jetted Tub, Kitchen Island, Multiple Living Areas, Main Level Primary, Pantry, Sitting Area in Master, Skylights, Walk-In Closet(s)
- Fireplace: Kiva, Log Lighter, Wood Burning Stove
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Parking: Attached, Finished Garage, Garage, Garage Door Opener, Oversized, Storage
- Exterior: Courtyard, Fully Fenced, Private Yard, Water Feature, Private Entrance
- Architectural Style: Northern New Mexico
- Heating: Other, Multi Unit(s), Natural Gas
- Cooling: Multi Unit(s), Central Air
- List Price: $1,124,999
- Price/SqFt: $315
- Annual Tax Amount: $4,998
- Tax Year: 2024
- Lot: Cul-De-Sac, Landscaped, Views
- Directions: From Coors and Alameda, west on alameda, right on Ellison, Ellison turns into Loma Larga, left on Ashley, turn right on Palacio, property is on the right
- Year Built: 1989
- Stories: 1
- Living Area: 3,563 SqFt
- Lot Size: 0.86 Acres
- MLS Number: 1071325
- MLS Name: SWMLS
- Office Name: Casa Montoya Realty
- Office Phone: (505) 681-3125
- Office Email: mario@casamontoyarealty.com
- Listing Agent: Mario Eleazar Montoya
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.
Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 2:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,124,999
140 Palacio Rd
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $157,050 | $4,998 |
| 2023 | $152,475 | $4,898 |
| 2022 | $148,035 | $4,754 |
| 2021 | $143,723 | $4,662 |
| 2019 | $135,473 | $4,187 |
| 2018 | $131,527 | $4,031 |
| 2017 | $127,696 | $3,695 |
History based on county public records data.
Nearby schools
5
Seven Bar Elementary School
Public District KG-5
1.4 mi
•4501 Seven Bar Loop Rd NW
7
Martin Luther King Jr. Elementary School
Public District KG-5
2.0 mi
•1301 Nicklaus Dr SE
6
Rio Rancho Elementary School
Public District KG-5
2.1 mi
•4601 Pepe Ortiz Rd SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $105,451. Most Corrales, NM residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
12%
<35k
35%
35k-100k
32%
100k-200k
21%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
4%
Single, with Kids
50%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
6%
12-17 yrs old
8%
18-34 yrs old
54%
35-64 yrs old
24%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Symphony or Opera
Where do the neighbors shop?
Stein Mart
Chico's
Nordstrom Rack
Where do the neighbors go to eat?
Bob Evans
Bonefish Grill
Chipotle
What do the neighbors drive?
Lincoln
Cadillac
Mazda
What do the neighbors listen to?
News/Talk/Information
Classical
Rock
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Corrales, NM
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.
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.
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.
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.
About 140 Palacio Rd
The listing price of 140 Palacio Rd property is $1,124,999.
The property 140 Palacio Rd is a house located in Corrales, New Mexico, 87048.
Active Listing: 140 Palacio Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 140 Palacio Rd are: Seven Bar Elementary School (GreatSchools Rating 5/10), Martin Luther King Jr. Elementary School (GreatSchools Rating 7/10), Rio Rancho Elementary School (GreatSchools Rating 6/10), Lincoln Middle School (GreatSchools Rating 6/10), Taylor Middle School (GreatSchools Rating 5/10), North Valley Academy (GreatSchools Rating 6/10), Cibola High School (GreatSchools Rating 6/10), Rio Rancho Cyber Academy (GreatSchools Rating 9/10), The Ask Academy (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $4,998 (source: MLS/based on county public records data).
The property at 140 Palacio Rd has 4 bedrooms and 1 full and 1 half bathrooms.
The property 140 Palacio Rd is 3,563 SqFt (source: MLS/tax record).
The year of construction for 140 Palacio Rd is 1989.
This home is located at 140 Palacio Rd in Corrales, NM and zip code 87048. This 3,563 square foot home, which was built in 1989, sits on a 0.86 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,124,999.
While more than 2 listings in Corrales, NM in March 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 12 were sold below. In March 2025 in Corrales, NM there were 6.8% less homes for sale than in February. Listings spent 61 days on the market in March 2025, and had a median list price of $715,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.