237 E Palace Avenue – A Rare Historic Treasure in the Heart of Santa Fe. For the collector of legacy, the builder of distinction, and the seeker of permanence, 237 is an offering of remarkable pedigree and potential. Nestled in the cultural heart of Santa Fe and steeped in New Mexico’s artistic and architectural lineage, this historic 1880s adobe–most recently home to the acclaimed Peyton Wright Gallery–invites a transformative vision: the creation of a world-class residential estate behind one of downtown’s most storied faades. Imagine 5,760 square feet of elegant, adaptive space with a voluminous second floor perfect for a private primary suite, art studio, or retreat. The current configuration–meticulously renovated in 1998 to preserve architectural integrity while supporting gallery use, features wide galleries, high ceilings, and open circulation–lending itself naturally to a bespoke luxury residence, Live/work collector’s space, or discreet family compound with ample room to build a guest casita or carriage house on the .59-acre lot. This is more than a property–it is a cultural artifact and a blank slate, ready to be shaped by a sophisticated hand. Whether you are seeking a singular private residence, a refined downtown pied–terre, or an architectural resurrection for the next generation, 237 E Palace Avenue is that rare opportunity where heritage, scale, and location converge.