Welcome to 3698 Lugar de Padilla, a double-adobe Santa Fe estate brimming with potential. Set on 0.62 acres along the Santa Fe River corridor, this 4,454-square-foot residence offers soaring spaces, dramatic light, and timeless Santa Fe architecture ready for a visionary new owner to bring it back to life. Just beyond the Siler Road corridor and minutes from downtown, this property sits in a unique pocket of Agua Fria where the charm of rural Santa Fe meets urban accessibility. Built with expansive double-adobe construction and authentic Southwestern craftsmanship, the home features five bedrooms and three baths, including a spacious primary suite with a kiva fireplace, rooftop deck, and walk-in closet. The chef's kitchen is designed with wood, tile, and copper counters, two ovens, double dishwashers, and a large pantry - a perfect foundation for modern renovation. Multiple kiva fireplaces throughout the home, including one beside a soaking tub in the first-floor bath, bring warmth and traditional ambiance. The walled courtyard patio with its own fireplace provides a private setting for outdoor gatherings. Radiant floor heating, stained concrete and wood floors, and classic viga beam ceilings reflect the home's Santa Fe roots, while existing plumbing allows for the addition of a fourth full bathroom. A shared private well and city sewer service complete the infrastructure. Offered as a contractor's special, this property has significant deferred maintenance, and while some water intrusion issues have been addressed, a full renovation is advised. Its location adjacent to a light industrial zone opens unique possibilities for a live-work setup, studio space, or multi-use compound. A rare opportunity for contractors, developers, or creative homeowners to reimagine a true Santa Fe original with incredible bones and exceptional potential.

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