This dual-gated .94-acre estate in Corrales is a stunning Ed Paschich custom and well-maintained home, offering privacy and panoramic mountain views that dominate the day, while city lights provide a stunning nightly backdrop to your private pool and hot tub. The interior stays true to its roots with exposed adobe walls, raised latilla ceilings, and classic brick floors throughout. Recent major improvements ensure a worry-free transition: new windows and exterior doors (2023), well pump (2023), HVAC (2020), and a full-perimeter coyote fence (2019). Combining historic Southwest character with modern infrastructure, this property provides a serene sanctuary for the discerning buyer seeking beauty, security, and a deep connection to the high-desert landscape. Your own Corrales oasis awaits
For sale
$950,000
159 El Rey Dr, Corrales, NM 87048
4beds
3,401sqft
Est.:
Single Family Residence
Built in 1985
0.94 Acres Lot
$932,100 Zestimate®
$279/sqft
$-- HOA
What's special
Panoramic mountain viewsPrivate gated retreatBeautiful brick floorsCity lightsExposed adobe wallsInviting outdoor spaceRaised latilla ceilings
- 124 days |
- 1,251 |
- 38 |
Zillow last checked: 8 hours ago
Listing updated: 16 hours ago
Listed by:
William R Norman 505-350-3194,
Coldwell Banker Legacy 505-898-2700
Source: SWMLS,MLS#: 1090221
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Main
- Area: 265.94
- Dimensions: 15.11 x 17.6
Kitchen
- Level: Main
- Area: 183.6
- Dimensions: 10.2 x 18
Living room
- Level: Main
- Area: 434.72
- Dimensions: 20.8 x 20.9
Heating
- Central, Forced Air, Natural Gas, Passive Solar
Cooling
- Refrigerated
Appliances
- Included: Cooktop, Double Oven, Dryer, Dishwasher, Refrigerator, Water Softener Owned, Wine Cooler, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Beamed Ceilings, Bookcases, Breakfast Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Great Room, Garden Tub/Roman Tub, High Speed Internet, Home Office, Intercom, Multiple Living Areas, Main Level Primary, Skylights, Utility Room
- Flooring: Brick, Carpet
- Windows: Double Pane Windows, Insulated Windows, Skylight(s)
- Has basement: No
- Number of fireplaces: 4
- Fireplace features: Custom, Kiva, Log Lighter
Interior area
- Total structure area: 3,401
- Total interior livable area: 3,401 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage, Oversized, Workshop in Garage
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Open, Patio
- Exterior features: Fully Fenced, Hot Tub/Spa, Private Yard, RV Hookup, RvParkingRV Hookup
- Has private pool: Yes
- Pool features: Pool Cover
- Has spa: Yes
- Fencing: Gate
- Has view: Yes
Lot
- Size: 0.94 Acres
- Features: Landscaped, Views
Details
- Additional structures: Shed(s), Storage
- Parcel number: R143395
- Zoning description: A-1
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo
- Property subtype: Single Family Residence
Materials
- Adobe, ICFs (Insulated Concrete Forms), Stucco
- Foundation: Permanent, Slab
- Roof: Flat,Tar/Gravel
Condition
- Resale
- New construction: No
- Year built: 1985
Details
- Builder name: Ed Paschich
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Security Gate, Smoke Detector(s)
- Subdivision: Loma Larga
Location
- Region: Corrales
Financial & listing details
- Price per square foot: $279/sqft
- Tax assessed value: $648,734
- Annual tax amount: $6,837
- Date on market: 8/22/2025
- Cumulative days on market: 112 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Has irrigation water rights: Yes
- Road surface type: Asphalt
Estimated market value
$932,100
$885,000 - $979,000
$3,284/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Listed for sale | $950,000$279/sqft |
Source:  SWMLS #1090221 Report a problem | ||
| 9/19/2025 | Pending sale | $950,000$279/sqft |
Source: SWMLS #1090221 Report a problem | ||
| 8/28/2025 | Listed for sale | $950,000+65.2%$279/sqft |
Source: SWMLS #1090221 Report a problem | ||
| 7/24/2019 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 5/30/2019 | Pending sale | $575,000$169/sqft |
Source: The Maez Group #944499 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,695 +1.8% | $216,245 +3% |
| 2024 | $6,575 +0.3% | $209,946 +3% |
| 2023 | $6,558 +1.1% | $203,831 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,370/mo
Principal & interest
$4475
Property taxes
$562
Home insurance
$333
Climate risks
Neighborhood: 87048
Nearby schools
GreatSchools rating
- 8/10Corrales Elementary SchoolGrades: K-5Distance: 2.3 mi
- 3/10Taylor Middle SchoolGrades: 6-8Distance: 2.9 mi
- 3/10Cibola High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Corrales
- Middle: Taylor
- High: Cibola
Source: SWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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