For sale

$2,300,000

277 Spur Ranch Rd, Lamy, NM 87540

3beds

3,495sqft

$13,474/mo

Get pre-qualified

Single Family Residence

Built in 1993

19.5 Acres Lot

$-- Zestimate^®

$658/sqft

$-- HOA

What's special

Gated communityPrivacy for guestsPrivate officeStorage areasProfessionally designed equestrian facilitiesTwo spacious covered portalsWell-appointed primary suite

This ranch has been an established and profitable dressage and boarding facility for over 20 years. All existing boarders would like to remain after the property sale. The professionally designed equestrian facilities include an indoor riding area, main 8-stall Morton barn, indoor & outdoor dressage arenas, flexible and prolific fencing areas, a private office, an observation deck, storage areas, and hay & tractor storage. This gated community is 150 acres of expansive riding trails—it's an equestrian dream! The Adobe residence was custom-designed and built by Jim Satzinger. This home enjoys panoramic views of four mountain Ranges. The two spacious covered portals enjoy views and are perfect for entertaining. The gracious layout offers privacy for guests and a well-appointed primary suite. This home is surrounded by irrigated floral, vegetable, and herbal gardens. There is much more to this home and business, both of which the original owner built and lovingly cared for.

11 days
549
24

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Fireplace(s), Propane, Radiant

Cooling

None

Appliances

Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Trash Compactor, Water Heater, Washer

Features

No Interior Steps
Flooring: Brick, Tile
Has basement: No
Number of fireplaces: 3
Fireplace features: Wood Burning

Interior area

Total structure area: 3,495
Total interior livable area: 3,495 sqft

Property

Parking

Total spaces: 20
Parking features: Attached, Garage
Attached garage spaces: 2

Accessibility

Accessibility features: Not ADA Compliant

Features

Levels: One
Stories: 1
Exterior features: Horse Facilities

Lot

Size: 19.5 Acres

Details

Additional structures: Barn(s), Outbuilding, Studio Attached, Stable(s), Storage
Parcel number: 129301522
Special conditions: Standard
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Architectural style: Pueblo
Property subtype: Single Family Residence

Materials

Adobe
Foundation: Permanent
Roof: Flat,Tar/Gravel

Condition

Year built: 1993

Utilities & green energy

Electric: 220 Volts
Sewer: Septic Tank
Water: Cistern, Shared Well
Utilities for property: High Speed Internet Available, Electricity Available

Community & HOA

Location

Region: Lamy

Financial & listing details

Price per square foot: $658/sqft
Tax assessed value: $1,366,143
Annual tax amount: $5,098
Date on market: 9/2/2026
Listing terms: Cash,Conventional,1031 Exchange,New Loan
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/2/2026	Listed for sale	$2,300,000-8%$658/sqft
Source: SFARMLS #202603805 Report a problem
11/21/2024	Listing removed	$2,500,000$715/sqft
Source: SFARMLS #202402544 Report a problem
6/26/2024	Listed for sale	$2,500,000$715/sqft
Source: SFARMLS #202402544 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,098 +2.1%	$741,179 +3%
2024	$4,991 -0.1%	$719,592 +3%
2023	$4,995 +2.6%	$698,634 +3%
2022	$4,867 +2%	$678,286 +3%
2021	$4,772 +2.3%	$658,531 +209%
2020	$4,665 +2%	$213,117 +3%
2019	$4,572 +1.7%	$206,910 +2%
2018	$4,495	$202,796 +1.1%
2017	$4,495 +1.7%	$200,552 +3%
2016	$4,421	$194,711 +34.1%
2015	$4,421 +40%	$145,205 +3.1%
2014	$3,158 +23.7%	$140,835
2013	$2,553 +1.6%	--
2012	$2,513 -0.9%	--
2011	$2,537 +1%	--
2010	$2,513 +13.3%	--
2009	$2,218 +3.9%	--
2008	$2,135 -4%	--
2005	$2,225 +9.3%	--
2004	$2,035 -7.2%	--
2003	$2,192 +5.6%	--
2002	$2,076 +3.6%	--
2001	$2,004 +3.5%	--
2000	$1,936	$110,145