102 Pena Place, Santa Fe, NM – SOLD

About the property

102 Pena Place is a three unit compound built around a courtyard with a fountain and mature landscaping, on a quiet lane in downtown Santa Fe with three off street parking spaces. The buildings date to 1927 and are adobe, block, and frame, and the three units together run to 2,125 square feet on 0.11 of an acre.

Each unit is self contained: a full kitchen, one bedroom, one bath, and a kiva fireplace.

The Webster Estates team handled this transaction in 2024.

The compound

The three units were remodeled over the five to ten years before the sale, and the work was done in the register of the buildings rather than against it. Wood and brick floors throughout, vigas overhead, plaster walls, skylights, custom cabinets, solid wood doors, and tiled bath enclosures. Each unit has a new Adobelite kiva fireplace. Heating and cooling run on mini-splits with separate meters, and there is one laundry and storage room common to all three.

The infrastructure had been dealt with too, which is the part that decides whether a property like this is a pleasure or a project: a new roof in 2020 with a twelve year transferable warranty, new sewer lines in two of the units, and new rain gutters on both buildings.

The property carried a rental history at the time of sale, with one short term rental permit and two units at thirty day minimum occupancy, under R-21 zoning.

The neighborhood

Pena Place sits in the grid west of the Plaza, off Alto and Closson, in the pocket of downtown where the streets are narrow, the lots are small, and almost everything is walkable. The Railyard, the museums, the galleries, the restaurants, and the Plaza itself are all a short walk away. Our Downtown Santa Fe market archive collects our work in the center of town, and for the neighborhoods around it see our Historic East Side guide. Other downtown Webster Estates Select Solds include 100 North Guadalupe Street and the CONTAINER project in the Baca Railyard.

The school is Aspen Community Magnet School, with Santa Fe High.

About the transaction

In that transaction we had the privilege of representing both the buyer and the seller, guiding each side with transparency and care to a smooth closing.

The compound went under contract in two days and closed well above the asking price. An income producing courtyard compound this close to the Plaza is a rare enough object that the buyer pool, while small, knows exactly what it is looking at, and moves accordingly.

Frequently asked questions

Q: What is 102 Pena Place? A: A three unit compound in downtown Santa Fe, built in 1927 around a courtyard with a fountain, with three off street parking spaces.

Q: How are the units configured? A: Each of the three has a full kitchen, one bedroom, one bath, and a kiva fireplace, for 2,125 square feet across the compound.

Q: Which side did Webster Estates represent? A: Both. We represented the buyer and the seller in the transaction.

Q: Had the property been rented? A: Yes. At the time of sale it carried one short term rental permit and two units at thirty day minimum occupancy, under R-21 zoning.

Q: What condition were the buildings in? A: The units had been remodeled over the preceding five to ten years, with a new roof in 2020 carrying a twelve year transferable warranty, new sewer lines in two units, and new rain gutters.

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The Webster Estates Team handled this transaction. Chris Webster, Patti Webster, Christopher Webster III, and Paisley Mason Webster, Associate Brokers at Sotheby’s International Realty, operating from 54½ Lincoln Avenue on The Plaza since 1976.