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For sale
  • $995,000

    36 Penny Ln, Las Vegas, NM 87701

    6beds
    6,121sqft
    : 
    $6,318/mo
    Get pre-qualified
    Single Family Residence
    Built in 2008
    42 Acres Lot
    $-- Zestimate®
    $163/sqft
    $-- HOA

    What's special

    Equestrian amenitiesSubstantial wood beamsSweeping mountain viewsTwo storage shedsGated entrancePicturesque quarter-mile private driveMostly level acreage
    Welcome to Tara Ranch, an exceptional 42-acre Northern New Mexico retreat offering privacy, sweeping mountain views, equestrian amenities and remarkable versatility just beyond San Geronimo. Fully fenced and surrounded on three sides by a 2,500-acre private ranch, the property enjoys spectacular views of Hermit’s Peak and surrounding mountains, with mature trees and open spaces ideal for horses, grazing and recreation. A gated entrance and picturesque quarter-mile private drive lead to the substantial single-level residence, built in 2008. Soaring 12' ceilings, diamond-finish plaster walls, substantial wood beams and graceful arches create classic Southwestern character, while generous living, dining and kitchen spaces open to a covered portal for outdoor dining and enjoying the views. The chef’s kitchen features two ovens, a gas cooktop with griddle, dual sinks, granite counters, stainless appliances and large pantry. Five bedrooms and 3.5 baths include a spacious primary suite with private portal, walk-in closet and bath with soaking tub, walk-in shower and dual vanities. Radiant-floor heat, a heated 3+ car garage, private well and water softener add comfort and practicality. The impressive Barn Pros equestrian facility offers six stalls, tack/workshop space, hay storage, horse wash area, covered RV storage and a 45'x60' corral. Above the barn, an approx. 1,593 sq. ft. 2-bedroom, 1-bath barndominium offers a kitchen, expansive living/dining area, high ceilings, wood-burning stove and front and rear porches. Two storage sheds and mostly level acreage add flexibility, with room for additional structures or casitas, subject to approvals. A rare combination of privacy, usable land, flexible living spaces and spectacular Northern New Mexico scenery.
    14 days
    613
    41

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan D. Ferguson 505-570-2028,

    Sotheby's Int. RE/Washington 505-988-8088

    Source: SFARMLS,MLS#: 202604344MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 4
      • 3/4 bathrooms: 1
      • 1/2 bathrooms: 1
      Heating
      • Baseboard, Electric, Pellet Stove, Radiant Floor, Wood Stove
      Cooling
      • None, Other, See Remarks
      Appliances
      • Included: Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Heater, Washer
      Features
      • Beamed Ceilings, No Interior Steps
      • Flooring: Carpet, Concrete, Tile, Wood
      • Windows: Insulated Windows
      • Has basement: No
      • Number of fireplaces: 2
      • Fireplace features: Pellet Stove, Wood Burning
      Interior area
      • Total structure area: 6,121
      • Total interior livable area: 6,121 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached, Carport, Direct Access, Garage, Heated Garage, RV Access/Parking
      • Attached garage spaces: 3
      • Has carport: Yes
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Horse Facilities
      • Pool features: None
      Lot
      • Size: 42 Acres
      Details
      • Additional structures: Barn(s), Guest House Detached, Stable(s), Storage
      • Parcel number: 1084091425275
      • Special conditions: Standard
      • Other equipment: Fuel Tank(s)
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Stucco
      • Roof: Metal
      Condition
      • Year built: 2008

      Utilities & green energy

      • Electric: Generator, Underground, 220 Volts
      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: High Speed Internet Available, Other, Electricity Available

      Community & HOA

      Community
      • Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Las Vegas

      Financial & listing details

      • Price per square foot: $163/sqft
      • Tax assessed value: $451,361
      • Annual tax amount: $3,722
      • Date on market: 10/8/2026
      • Listing terms: Cash,Conventional,1031 Exchange,New Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/8/2026Listed for sale$995,000+10.8%$163/sqft
        Source: SFARMLS #202604344 Report a problem
        9/30/2026Listing removed$898,000-19.5%$147/sqft
        Source: New Mexico MLS #20264138 Report a problem
        8/12/2025Price change$1,115,000-10.1%$182/sqft
        Source: SFARMLS #202501529 Report a problem
        5/9/2025Price change$1,240,000-1.6%$203/sqft
        Source: SFARMLS #202501529 Report a problem
        4/11/2025Price change$1,260,000+6.8%$206/sqft
        Source: SFARMLS #202501529 Report a problem
        10/25/2024Listed for sale$1,180,000+62.8%$193/sqft
        Source: SFARMLS #202404511 Report a problem
        8/24/2022Sold--
        Source: SFARMLS #202201122 Report a problem
        7/18/2022Pending sale$724,900$118/sqft
        Source: SFARMLS #202201122 Report a problem
        4/7/2022Listed for sale$724,900$118/sqft
        Source: SFARMLS #202201122 Report a problem
        12/3/2014Sold--
        Source: New Mexico MLS #20143111 Report a problem

        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

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 87701

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Luis E Armijo Elementary
        • Middle: West Las Vegas
        • High: West Las Vegas High

        Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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