Rare adobe homestead with water rights in the heart of the Peñasco Valley. Set on 1 private acre at the end of Roybal Road, this authentic Territorial-style home offers a combination that is increasingly difficult to find in Northern New Mexico: adobe construction, a private well, adjudicated irrigation water rights, usable land, and peaceful rural privacy. The 3-bedroom, 2-bath home was handcrafted in the traditional Northern New Mexico style, featuring thick adobe walls, reclaimed vigas and beams, and abundant natural light with southern exposure. A pitched metal roof installed in 2015 adds long-term durability and low-maintenance peace of mind. The land is well-suited for gardening, orchards, hobby farming, horses, or simply enjoying a more self-sufficient lifestyle. Expansive skies, natural drainage, and quiet surroundings create an ideal setting for outdoor living, creative retreat, or seasonal escape. Located along the scenic High Road to Taos, the property is approximately 40 minutes to Taos, 60 minutes to Santa Fe, 15 minutes to Sipapu Ski Area, and near the wineries and galleries of Dixon and surrounding mountain communities. A rare opportunity to own a true Northern New Mexico adobe with land, water, and room to breathe.
For sale
$449,000
42 Roybal Road, Penasco, NM 87553
3beds
1,947sqft
Single Family Residence
Built in 1978
1.03 Acres Lot
$-- Zestimate®
$231/sqft
$-- HOA
What's special
Thick adobe wallsUsable landNatural drainagePitched metal roofAdobe constructionAuthentic territorial-style homeExpansive skies
- 210 days |
- 620 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Patricia Trish McSweeney 575-776-4560,
Berkshire Hathaway HomeServices Taos Real Estate 575-758-1924
Source: Enchanted Circle,MLS#: 113427
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Master bedroom Ensuite
- Features: Bath in Primary Bedroom
Dining room
- Description: South Facing windows
Utility room
- Description: Plumbed to add full bath
Heating
- Fireplace(s), Wood Stove, Wall Furnace, Passive Solar
Appliances
- Included: Dryer, Electric Water Heater, Gas Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Tile, Wood
- Windows: Insulated Windows
- Number of fireplaces: 1
- Fireplace features: One, Wood Burning Stove
Interior area
- Total structure area: 1,947
- Total interior livable area: 1,947 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Gravel Driveway, Other, Shed
Lot
- Size: 1.03 Acres
- Features: Trees
- Topography: CanyonValley
Details
- Additional structures: Studio/Office, Outbuilding
- Parcel number: 8802
- Zoning description: County
- Horses can be raised: Yes
- Horse amenities: Horses Allowed
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Adobe, Frame, Metal Siding, Stucco
- Foundation: Slab
- Roof: Metal,Pitched
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane
Community & HOA
Community
- Membership fee: $0 annually
- Subdivision: None
Location
- Region: Penasco
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $233,796
- Annual tax amount: $2,836
- Date on market: 11/11/2025
- Listing agreement: Exclusive Right To Sell
- Has irrigation water rights: Yes
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Listed for sale | $449,000-5.5%$231/sqft |
Source:  Enchanted Circle #113427 Report a problem | ||
| 10/4/2025 | Listing removed | $475,000$244/sqft |
Source: BHHS broker feed #113427 Report a problem | ||
| 9/13/2025 | Price change | $475,000-2.1%$244/sqft |
Source: Enchanted Circle #113427 Report a problem | ||
| 6/11/2025 | Listed for sale | $485,000-2%$249/sqft |
Source: Enchanted Circle #113427 Report a problem | ||
| 11/27/2024 | Listing removed | $495,000$254/sqft |
Source: Enchanted Circle #112286 Report a problem | ||
| 8/29/2024 | Listed for sale | $495,000+1.5%$254/sqft |
Source: Enchanted Circle #112286 Report a problem | ||
| 10/10/2023 | Listing removed | -- |
Source:  SFARMLS #202202248 Report a problem | ||
| 9/15/2023 | Price change | $487,900-4.1%$251/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 9/7/2023 | Listed for sale | $509,000$261/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 8/14/2023 | Pending sale | $509,000$261/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 7/20/2023 | Listing removed | -- |
Source: SFARMLS #202202248 Report a problem | ||
| 6/21/2023 | Price change | $509,000-1.7%$261/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 1/26/2023 | Price change | $518,000-1.3%$266/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 1/2/2023 | Listed for sale | $525,000$270/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 11/3/2022 | Pending sale | $525,000$270/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 6/19/2022 | Listed for sale | $525,000+141.9%$270/sqft |
Source: SFARMLS #202202248 Report a problem | ||
| 12/12/2018 | Listing removed | $217,000$111/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 10/11/2018 | Pending sale | $217,000$111/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 8/15/2018 | Price change | $217,000-9.2%$111/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 7/30/2018 | Price change | $239,000-4%$123/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 6/15/2018 | Listed for sale | $249,000$128/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $77,932 |
| 2023 | $1,340 +16.4% | $77,932 +3% |
| 2022 | $1,151 +1.6% | $75,662 |
| 2021 | $1,134 +15.4% | $75,662 +2.9% |
| 2020 | $982 +14% | $73,508 +23.6% |
| 2018 | $862 | $59,496 +3% |
| 2017 | $862 +8.2% | $57,763 +3% |
| 2016 | $797 | $56,081 +3% |
| 2014 | -- | $54,448 |
| 2013 | -- | $54,448 +3% |
| 2010 | -- | $52,862 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 87553
Getting around
1 / 100
Car-DependentNearby schools
GreatSchools rating
- 3/10Penasco Elementary SchoolGrades: PK-5Distance: 2 mi
- 5/10Penasco Middle SchoolGrades: 6-8Distance: 2 mi
- 9/10Penasco High SchoolGrades: 9-12Distance: 2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- Taos County
- Penasco
- 87553
- 42 Roybal Road
Nearby cities
Nearby zip codes
Other Penasco Topics
