Off-Market Property at 2998 Plaza Blanca, Santa Fe, NM, 87507

2998 Plaza Blanca, Santa Fe, NM, 87507

$593,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $266 per day and long-term for an average of $2,800 per month, based on similar listings in the area. Estimated short-term cap rate of 3.9%. Estimated long-term cap rate of -1.3%. A true oasis property within an oasis community! This charming, light and bright, yet quiet and secure, one-level individual home with mature landscaping on a level, fully usable large corner lot is in coveted and covenant-controlled Park Plazas! Enjoy the walled garden on three sides. Use the 200 sq. ft. glassed-in solar room with entrance from patio as a studio, office, fourth bedroom or den. The open plan living/dining/kitchen leads on the left to the South facing solar studio, opening onto a wraparound patio with border garden of sedum, boxwood, hollyhocks, roses, irises, lilacs, cottonwood, mulberry and apple trees. The hallway on right or north side leads to bathrooms and bedrooms. A Guest bedroom opens to north patio and garden with labyrinth and meditation walk, NM olive and ornamental plum trees,  grape, trumpet and wisteria vines, lilacs and rose garden. A tree lined walkway on the  west connects the two main garden areas. The oversized 625 sq. ft. garage has three large cupboards, shelving, workbench, room for two cars and bikes, epoxy paint flooring and laundry area and has a storage area for garden tools. It offers direct access to both the north garden and the interior of the home.      The interior has newly installed  (2024) luxury 20-mil  antimicrobial and waterproof vinyl flooring in light oak with matching bedroom carpets. Membrane PVC (similar & equal performance to TPO) 60-mil roof recently maintained with long life expectancy (15-25 years). Low E (heat reflecting) Pella updated windows and triple skylights throughout, passive solar heating plus electric heater in sunroom, gas forced hot air heat and refrigerated AC. This home has been lovingly maintained and improved and is in excellent condition with gas range/oven and gas fireplace in living/dining room. Move in and enjoy all seasons in this lovely home located in the middle of Park Plazas amenities steps away near the trailhead for eight miles of walking paths and views of four mountain ranges, plus tennis and game courts, par exercise course, off-leash dog park, playgrounds, RV parking lot, and community garden all for only $155 HOA fee per month.  Sewer lines and plazas and common areas are also maintained by the HOA.   Park Plazas is an established neighborhood between two major hospitals, two fitness centers, nearby shopping and restaurants, cultural attractions and major highways. This is the ultimate retirement or home office environment and gardener's delight! Monthly and long term rentals are permitted. A great place to invest with plans to retire here surrounded by Santa Fe, the City Different!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$155
Rental Policy
daily
Yearly Taxes
$1600
Bedrooms
4
Bathrooms
2
SQFT
1,464
Furnished
unknown
Year built
1979
Listing Status
Off Market
MLS
202401757

Short-term Rental Potential
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$64,212

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$405

Price/SQFT

Long-term Rental Potential
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$33,600

Revenue
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$2,800/mo

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