196 Circle Drive Santa Fe, NM $ 15,000,000
196 Circle Drive
$ 15,000,000
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196 Circle Drive

Santa Fe, NM, 87501
$ 15,000,000
Bedrooms10 Baths7.4 Sq 8,306

Monthly Estimate*

$ 93,580

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Single Family Home for sale in Santa Fe, NM

for $15,000,000 with 10 bedrooms and 7 full baths, 4 half baths. This 8,306 square foot home was built in 1930 on a lot size of 11.3.

Experience the rare opportunity to own a meticulously restored piece of Santa Fe’s history. Just minutes from the Plaza, Casa Alegre, originally built in 1931 by Governor John Dempsey, stands as a timeless adobe estate that seamlessly blends historic charm with modern sophistication. Set on 11 breathtaking acres, this exceptional property features a stately six-bedroom main residence, exquisitely renovated to preserve its architectural integrity while incorporating the finest contemporary comforts. Three private guest houses provide additional generous accommodations, making this an ideal retreat for family, friends and distinguished guests. The estate’s resort-like grounds are a true sanctuary, featuring a heated outdoor pool, a private tennis court and stone-lined walking trails that wind through the lush landscape. The grounds include an abundance of trees, along with a bountiful organic garden and orchard. An aggregate of 20 fireplaces are experienced throughout the estate. Steeped in history, Casa Alegre has been home to a succession of distinguished owners following Governor Dempsey, including an heir to the Weyerhaeuser timber fortune and a member of the Martini & Rossi family. Following a period of limited enhancement, Robert and Miriam Knutson, founders of Education Management Corporation, embarked on a four and a half-year, $18 million restoration of the compound in 2004, enlisting master artisans, architects, and craftsmen to revive the estate to perfection. Their meticulous efforts ranged from restoring infrastructure, building intricate rock walls, to curating 64 distinct window styles that honor the home’s original character. Lovingly maintained by its current owners, Casa Alegre has served as the backdrop or cherished family gatherings and elegant philanthropic events. A rare jewel in Santa Fe’s real estate landscape, this extraordinary estate offers an unrivaled opportunity to own a piece of history, beautifully reimagined for modern luxury living.

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Single Family Active

Price

$ 15,000,000

Bedrooms

10

Full Bath

7

Half Bath

4

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

11.3

Year Built

1930

Town/City

Santa Fe

County/Region

Santa Fe

MLS | Web ID

202501197

Features
General
Sewer Public Sewer Septic Tank
Heating Forced Air Fireplace(s) Natural Gas Radiant Floor
Cooling Central Air Refrigerated Separate Meters
Utilities High Speed Internet Available Electricity Available
Possession Negotiable
Roof Flat Foam
Appliances Dryer Dishwasher Gas Cooktop Disposal Gas Water Heater Microwave Oven Range Refrigerator Water Softener Water Heater Water Purifier Washer TanklessWater Heater
Garage Spaces 6
Architectural Style Pueblo
Pool Features Fenced Filtered Gunite Gas Heat Heated In Ground Outdoor Pool Other Pool See Remarks Association
Security Features Security System Fire Alarm Security Gate Heat Detector Smoke Detector(s) Surveillance System
Construction Materials Adobe Frame Stucco
Year Built 1930
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Accessibility Not ADA Compliant
County Santa Fe
Property Type Residential
Association Amenities Gated Pool RV Parking Spa/Hot Tub Storage Tennis Court(s) Trail(s)
HOA false
Attached Garage false
Energy Efficient Water Heater
Garage Y/N true
Green Water Conservation Low-Flow Fixtures Rain Water Collection
Other Structures Guest House Detached Outbuilding Storage
Full Baths 3
Special Listing Conditions Standard
Status Active
Directions North on Bishop's Lodge Rd turn left on Circle Drive house is on the left.
High School Santa Fe
City Santa Fe
Disclosures Lead Based Paint Disclosure
Lot Size Units Acres
Lot Size Square Feet 492228
Listing Terms Cash Conventional 1031 Exchange New Loan
Elementary School Carlos Gilbert
Property Attached Y/N false
Land Lease Y/N false
Middle/Junior High School Milagro
MLS Area Minor 1-SF City Limits NE
Lease Considered Y/N false
Living Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional Detached Single Family Residence
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Interior
Interior Amenities Beamed Ceilings Interior Steps Wine Cellar
Basement Crawl Space
Flooring Brick Stone Vinyl Wood
Total Fireplaces 20
Fireplace Features Kiva Wood Burning
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N true
Half Baths 4
3/4 Baths 4
Total Bedrooms 10
Total Baths 11
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Exterior
Parking Features Detached Garage
Lot Features Drip Irrigation/Bubblers
Water Source Cistern Public Private Well
Total Parking 6
Lot Size Area 11.3
Foundation Details Basement
Building Area Total 12208
Lot Size Acres 11.3
Lot Size Source Assessor
Waterfront Y/N false
Other Equipment Irrigation Equipment
Horse Y/N true
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* Excluded Features
List By
Stephanie Duran

Listing Agent

Barker Realty, Llc

Broker

sduran@santaferealestate.com

Email

Affordability Calculator

$93,580
Per Month
100%
0%
0%
Monthly Principal & Interest
$93,580
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
831084 Elementary School
2168301 Middle School
Santa Fe High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$15,000,000 Listed Price

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196 Circle Drive, Santa Fe, NM, 87501 is a Single Family Home for sale at $15,000,000 with 8,306 sqft and a lot size of 11.3. 196 Circle Drive has 10 bedrooms, 7.4 baths, and was built in 1930. The property's zip code is 87501 which is in Santa Fe, NM