Casa Verde

For Sale

7261 Airport Road, Santa Fe, NM 87505

This Santa Fe property for sale is located at 7261 Airport Road. Contact the listing broker for details on the current sale price for Casa Verde.

Contacts

broker
Sean Reynolds

GREA

broker
Sean Scott

GREA

Property Details

  • Property Type Other
  • Units 221
  • Date Updated Jun 24, 2025

This 7.965-acre shovel-ready site offers unmatched visibility with 650 feet of frontage on Airport Road (20,500+ cars/day), directly across from Santa Fe Country Club. Zoned for up to 221 market-rate units, it addresses Santa Fe’s urgent housing shortage of ~5,400 units, with sub-3% vacancy and rents up 60% since 2017—more than double the national rate.

Located just 7 miles from Christus St. Vincent Regional Medical Center and 6.2 miles from the $64M Midtown Redevelopment, Casa Verde sits at the heart of a dynamic economy fueled by healthcare, tourism, arts, and film. Santa Fe attracts 1.6M visitors annually, generates $1B+ in tourism, and remains a national hub for film production and scientific innovation via nearby Los Alamos National Lab.

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Highlights

  • Luxury living appeal: Planned amenities include a modern clubhouse, pool, gym, and more, aligning with the areas upscale residential demand.
  • Robust economic and tourism base: Santa Fe attracts over 1.6 million visitors annually, generating $1.0B+ in tourism revenue; water rights required and not included in purchase price.
  • Shovel-ready multifamily development opportunity: Fully entitled and approved site with zoning (C-2) allowing up to 221 market-rate units; Fee-in-Lieu paid, eliminating the City of Santa Fes 30% affordability requirement.
  • Strategic location in a high-barrier market: Located just 2.0 miles from Santa Fe Regional Airport and 7.0 miles from Presbyterian Santa Fe Medical Center, one of the city's largest employers.
  • Strong market fundamentals: Santa Fe faces a housing shortage of ~5,400 units (Albuquerque Business Journal, April 2025), with a median single-family home price of $890,000 as of Q1 2025.

Getting around

  • 76/100

    Walk Score ®

  • 60/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Santa Fe, NM
  • Neighborhood La Resolana
  • Zip Code 87505
  • Market Albuquerque

Points of Interest

  • Zia Road

    2.25 miles

  • South Capitol

    2.62 miles

  • Santa Fe Depot

    3.58 miles

  • Drive-up Window

    9.33 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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