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.
For sale
$898,000
36 Penny Ln, Las Vegas, NM 87701
6beds
3,446sqft
Est.:
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
- 15 days |
- 1,126 |
- 47 |
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#: 20261820
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Listed for sale | $898,000+0.3%$261/sqft |
Source: | ||
| 3/9/2026 | Listing removed | $895,000$260/sqft |
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| 2/26/2026 | Price change | $895,000-14.8%$260/sqft |
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| 2/19/2026 | Price change | $1,050,000-4.5%$305/sqft |
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| 10/9/2025 | Price change | $1,100,000-1.3%$319/sqft |
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| 8/12/2025 | Price change | $1,115,000-0.9%$324/sqft |
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| 6/16/2025 | Price change | $1,125,000-5.1%$326/sqft |
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| 5/27/2025 | Price change | $1,185,000-4.4%$344/sqft |
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| 5/9/2025 | Price change | $1,240,000-1.6%$360/sqft |
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| 4/11/2025 | Listed for sale | $1,260,000+6.8%$366/sqft |
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| 11/9/2024 | Listing removed | $1,180,000$342/sqft |
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| 10/25/2024 | Listed for sale | $1,180,000+62.8%$342/sqft |
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| 8/24/2022 | Sold | -- |
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| 7/18/2022 | Pending sale | $724,900$210/sqft |
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| 5/11/2022 | Listed for sale | $724,900$210/sqft |
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| 4/27/2022 | Pending sale | $724,900$210/sqft |
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| 4/7/2022 | Listed for sale | $724,900$210/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
More affordability tools
Climate risks
Neighborhood: 87701
Nearby schools
GreatSchools rating
- NALuis E. Armijo Elementary SchoolGrades: PK-1Distance: 9.4 mi
- 1/10W Las Vegas Middle SchoolGrades: 6-8Distance: 10.2 mi
- 3/10W Las Vegas High SchoolGrades: 9-12Distance: 10.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- San Miguel County
- Las Vegas
- 87701
- 36 Penny Ln






