I was thinking the same thing about the price. You'd have to pay a LOT more than that for a comparable home elsewhere, not to mention the price is the same as it was five years ago.
The fact that it's a bit "out of the way" probably keeps the cost "lower" - and the fact that while a studio like that is awesome for a recording musician, the vast majority of folks looking to buy homes in Santa Fe would have no need for it.
Heck, if I were wealthy, I'd look into buying it. The place is gorgeous and I could figure out something to do with that studio - rent its usage out, perhaps.
I never thought about the fact that the studio wasn't designed for Glenn Frey. Do we know that or are we just assuming it? Isn't it possible that it was designed for him early on and simply upgraded by others after he moved out?
I just noticed HB's comment from an earlier time in this thread. Now - this is exactly what we need ... a southwestern retreat that Glenn once lived in so we can have frequent Border gatherings. Okay - everyone, time to sell your homes so we can pool all our money's to grab this place at such a bargain price!
My guess would be that this is what happened.
"People don't run out of dreams: People just run out of time ..."
Glenn Frey 11/06/1948 - 01/18/2016