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For sale
  • $898,000

    36 Penny Ln, Las Vegas, NM 87701

    6beds
    3,446sqft
    : 
    SingleFamily
    Built in 2006
    20 Acres Lot
    $-- Zestimate®
    $261/sqft
    $-- HOA

    What's special

    Tack roomOffice or media roomRv covered parkingGated entranceHay storageWash areaLarge pantry
    Tara Ranch is a substantially built Northern New Mexico ranch property offering privacy, scale, and exceptional equestrian improvements on 20 fully fenced, mostly flat acres. From the gated entrance, a beautiful quarter-mile private driveway leads to the 3,400+square-foot main home and the impressive barn. Built in 2006, the one-level home features 12-foot ceilings, diamond-finish walls, arches, and large beams throughout, creating a spacious feel with oversized rooms and generous living areas. The open main living, dining, and kitchen spaces take in magnificent views and connect easily to a covered portal for outdoor dining, grilling, and enjoying the landscape. The chef’s kitchen is well equipped with two ovens, a large gas cooktop with griddle, two sinks, wild stone granite counters, stainless steel appliances, large pantry, and abundant cabinetry. The layout is practical and comfortable, with the primary suite, office or media room, and one guest bedroom on the west wing, while two additional bedrooms and a Jack-and-Jill bath are on the east wing. The heated 3+ car garage, radiant floor heat, fenced backyard, updated boiler in 2024, hot water heater in 2022, private well, and water softener add everyday function and value. Completed in 2025, the state-of-the-art 6-stall Barn Pros equestrian facility includes rubber flooring, tack room, workshop, hay storage, wash area, fenced 45x60 corral, RV covered parking, and a 1,600-square-foot apartment above. Surrounded on three sides by a 2,500-acre private ranch, with sweeping Hermit’s Peak views and easy access to riding trails, Tara Ranch is well situated for access to Santa Fe and Las Vegas NM.
    15 days
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    1,126
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    47
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kurtis Quintana 505-718-9364,

    Home & Land Professionals 505-425-9074,

    Elizabeth Demare 505-617-0503,

    Home & Land Professionals

    Source: New Mexico MLS,MLS#: 20261820MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Primary bathroom
      • Features: Double Sinks, Separate Shower
      Heating
      • Propane, Radiant, Wood Stove
      Appliances
      • Included: Dishwasher, Microwave, Range Hood, Built-In Range, Free-Standing Range, Refrigerator, Oven, Washer, Wine Refrigerator
      Features
      • Ceiling Fan(s), Pantry, Walk-In Closet(s), Vaulted Ceiling(s)
      • Flooring: Carpet, Wood, Concrete
      • Windows: Blinds, Skylight(s)
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning Stove, Pellet Stove
      Interior area
      • Total structure area: 3,446
      • Total interior livable area: 3,446 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage Door Opener, RV Access/Parking
      • Attached garage spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio Covered
      • Has spa: Yes
      • Spa features: Bath
      • Fencing: Wire,Fenced
      Lot
      • Size: 20 Acres
      Details
      • Additional structures: Barn(s), Corral(s), Guest House, Shed(s)
      • Parcel number: R0658182
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Northern New Mexico
      Materials
      • Frame, Stucco
      • Foundation: Slab
      • Roof: Metal,Propanel
      Condition
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Las Vegas

      Financial & listing details

      • Price per square foot: $261/sqft
      • Tax assessed value: $451,361
      • Annual tax amount: $3,722
      • Date on market: 3/30/2026
      • Electric utility on property: Yes
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/30/2026Listed for sale$898,000+0.3%$261/sqft
        Source: New Mexico MLS #20261820 Report a problem
        3/9/2026Listing removed$895,000$260/sqft
        Source: SFARMLS #202600700 Report a problem
        2/26/2026Price change$895,000-14.8%$260/sqft
        Source: SFARMLS #202600700 Report a problem
        2/19/2026Price change$1,050,000-4.5%$305/sqft
        Source: SFARMLS #202501529 Report a problem
        10/9/2025Price change$1,100,000-1.3%$319/sqft
        Source: SFARMLS #202501529 Report a problem
        8/12/2025Price change$1,115,000-0.9%$324/sqft
        Source: SFARMLS #202501529 Report a problem
        6/16/2025Price change$1,125,000-5.1%$326/sqft
        Source: SFARMLS #202501529 Report a problem
        5/27/2025Price change$1,185,000-4.4%$344/sqft
        Source: SFARMLS #202501529 Report a problem
        5/9/2025Price change$1,240,000-1.6%$360/sqft
        Source: SFARMLS #202501529 Report a problem
        4/11/2025Listed for sale$1,260,000+6.8%$366/sqft
        Source: SFARMLS #202501529 Report a problem
        11/9/2024Listing removed$1,180,000$342/sqft
        Source: SFARMLS #202404511 Report a problem
        10/25/2024Listed for sale$1,180,000+62.8%$342/sqft
        Source: SFARMLS #202404511 Report a problem
        8/24/2022Sold--
        Source: SFARMLS #202201122 Report a problem
        7/18/2022Pending sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        5/11/2022Listed for sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        4/27/2022Pending sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        4/7/2022Listed for sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$3,722 +3.7%$150,453 +3.7%
        2024$3,591 +2.5%$145,093 +3%
        2023$3,502 +21.3%$140,867 +16.2%
        2022$2,887 +3.6%$121,214 +3%
        2021$2,786 -1.5%$117,683 -2.4%
        2018$2,828 +4.7%$120,549 +2.7%
        2017$2,702 -26.4%$117,420 -24.8%
        2013$3,672 +9.8%$156,044 +5.4%
        2011$3,344 $148,020

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $5,050/mo
        Principal & interest
        $4631
        Property taxes
        $419
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          Climate risks

          Neighborhood: 87701

          Getting around

          0 / 100
          Car-Dependent
          8 / 100
          Somewhat Bikeable

          Nearby schools

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