In the 16th century, Spaniards in present-day Mexico heard rumors of “Seven Cities of Gold” north across the desert that is now New Mexico and Arizona. Another legend of gold, which like all enduring legends contains pieces of the truth, is the legend of El Dorado.

The origins of El Dorado lie in the Andes mountains of South America. Spanish explorers heard stories about a tribe who covered their new Chief with gold dust and threw gold and precious jewels into the lake to appease a god that lived underwater.  The Spaniards started calling this golden Chief El Dorado, “The Gilded One."

One present-day Eldorado is a coveted subdivision located about 15 miles south of Santa Fe. Eldorado is recognized for its outstanding view corridors and spectacular sunsets, an exemplary community school, wilderness hiking, a slew of retail, service and sports amenities, and a much-loved dog park.

2017 year-to-date sales for Santa Fe are approximately 30 percent over the same time period in 2016. Robust markets such as Eldorado have low inventory as a result of quick sales; turnkey homes are receiving multiple offers.  Eldorado represents the robust health of real estate investment in the Santa Fe area with Eldorado being about seven percent ahead in median price sales.  Brisk movement between the $200K to $400K market creates confidence in selling homes quickly and efficiently with the goal of upgrading to the next dream home. Those living in Eldorado that love the strength of their community can move up without moving out!

The scene depicted in this ancient artwork, on display at the Gold Museum in Bogota, Colombia shows the origin of the El Dorado myth. Legend tells of a Muisca king who would cover himself in gold dust during festivals then dive from a raft into Lake Guatavita.  Courtesy National Geographic Magazine.

 Please click on our link below to learn more about Eldorado and learn other information about Santa Fe and home sales.