Pendaries’ most distinctive and historically significant home—this original residence with many updates and additions over the years, built by the first developer in Pendaries, C.D. (Toad) Leon, captures the essence of timeless design and an exceptional setting. Perfectly positioned along the golf course, the property showcases sweeping Sangre de Cristo mountains and Rociada valley views, offering a setting that is as captivating as it is private. Rich in character, the Spanish-style architecture welcomes you with Saltillo tile floors and classic vigas, creating an inviting setting from the moment you enter. The main level features a thoughtfully designed split two-bedroom, two-bath layout, including an owner’s suite with separate his-and-her sink and dressing areas connected by a Jack-and-Jill bath, all recently updated. And conveniently located off the primary suite is an office. A charming galley kitchen and eat-in-kitchen area is framed by natural light and scenic views, while the living and main dining area opens to both an open and covered spacious deck—designed to maximize both comfort, expanded living, and the stunning surroundings. Adding to the home’s uniqueness, a hidden staircase off the owner’s suite leads below to a sunroom and a private guest suite, both with separate entrances at ground level, offering flexibility for guests or rental income potential. A heated workshop and separate storage are also located at the lower level. A three-car garage provides ample space for vehicles, golf cart, and outdoor gear. Offered mostly furnished with some exceptions, this one-of-a-kind property combines history, charm, and an unbeatable location—an extraordinary find in the heart of Pendaries. Shopping and services about 25 minutes away in Las Vegas and short scenic drives to Taos or Santa Fe.
Pending
$499,000
38 Forest Dr, Rociada, NM 87742
3beds
2,430sqft
Est.:
SingleFamily
Built in 1963
-- sqft lot
$481,200 Zestimate®
$205/sqft
$-- HOA
What's special
Classic vigasJack-and-jill bathSpanish-style architectureSaltillo tile floors
- 29 days |
- 519 |
- 33 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Joann Olafson 505-699-0715,
Olafson Agency 505-425-7777
Source: New Mexico MLS,MLS#: 20262278
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bathroom
- Features: Double Sinks
Heating
- Forced Air, Propane
Appliances
- Included: Dishwasher, Dryer, Disposal, Microwave, Free-Standing Range, Refrigerator, Washer
Features
- Ceiling Fan(s), Pantry
- Flooring: Carpet, Tile
- Windows: Blinds, Drapes, Skylight(s)
- Number of fireplaces: 2
- Fireplace features: Living Room, Master Bedroom, Wood Burning
Interior area
- Total structure area: 2,430
- Total interior livable area: 2,430 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage Door Opener
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Covered
Lot
- Features: Irregular Lot
Details
- Additional structures: Workshop
- Parcel number: R0491942
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo
Materials
- Frame, Stucco
- Foundation: Basement
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Septic Tank
- Water: Community, Water Association
- Utilities for property: Propane
Community & HOA
HOA
- Has HOA: Yes
Location
- Region: Rociada
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $445,186
- Annual tax amount: $3,650
- Date on market: 4/20/2026
Estimated market value
$481,200
$457,000 - $505,000
$3,091/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Pending sale | $499,000$205/sqft |
Source: | ||
| 4/20/2026 | Listed for sale | $499,000+17.4%$205/sqft |
Source: | ||
| 4/3/2023 | Sold | -- |
Source: | ||
| 1/18/2023 | Pending sale | $425,000$175/sqft |
Source: | ||
| 11/8/2022 | Listed for sale | $425,000$175/sqft |
Source: | ||
| 10/26/2022 | Listing removed | -- |
Source: | ||
| 9/23/2022 | Listed for sale | $425,000$175/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,256 -2.5% | $148,395 +0% |
| 2024 | $3,339 +45% | $148,373 +45.8% |
| 2023 | $2,302 +4.4% | $101,749 +3% |
| 2022 | $2,204 +3.6% | $98,786 +3% |
| 2021 | $2,128 +7.1% | $95,909 +6.1% |
| 2018 | $1,986 +7.1% | $90,403 +3% |
| 2017 | $1,855 +5% | $87,770 +9.3% |
| 2013 | $1,767 +6.3% | $80,315 +6.1% |
| 2011 | $1,663 | $75,698 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Pendaries Village
Nearby schools
GreatSchools rating
- NAMike Sena Elementary SchoolGrades: K-5Distance: 8.8 mi
- 4/10Memorial MiddleGrades: 7-8Distance: 18.5 mi
- 4/10Robertson High SchoolGrades: 9-12Distance: 18.5 mi
A local agent can set up tours, give advice and negotiate with sellers.






