997 New Mexico Highway 65 Montezuma, NM $ 4,250,000
997 New Mexico Highway 65
$ 4,250,000
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997 New Mexico Highway 65

Montezuma, NM, 87731
$ 4,250,000
Bedrooms6 Baths5.1 Sq 4,200

Monthly Estimate*

$ 26,514

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Single Family Home for sale in Montezuma, NM

for $4,250,000 with 6 bedrooms and 5 full baths, 1 half bath. This 4,200 square foot home was built in 2007 on a lot size of 74.54.

Rio de Vega is a remarkable 74.54-acre legacy estate offering unmatched natural beauty, abundant water, and exceptional infrastructure just minutes from Las Vegas, NM and the United World College. Known to the family as “The Playground,” this property blends comfort, creativity, and Northern New Mexico wilderness in a way that is truly rare. The custom 4,200 sq. ft. main residence—originally a barn kit—was transformed into a warm, refined home by designer Pedro Marquez, featuring pine siding, alder doors, and thoughtful architectural detail throughout. A 2,000 sq. ft. guesthouse provides additional space and privacy with its own 500-gallon propane tank and independent septic system. A third septic and 220 electric are already installed, creating a ready site for a future home or structure. The 2,610 sq. ft. drive-through barn is a standout feature, built atop teak-floored storage containers and framed with canyon-harvested red fir. Additional outbuildings include a rebuilt, powered chicken house and multiple storage structures. Water is one of the property’s greatest assets, with nearly half a mile of Gallinas River frontage, three ponds (including spring-fed and bentonite-sealed), and a water table only 6 feet deep. Jersey barriers along the riverbank help protect the property during high-water events. High-speed internet, a Cummins generator, and year-round access support easy, reliable living. The land is alive with incredible wildlife, including elk, deer, turkey, and other native species that frequent the property daily. Rio de Vega also comes with existing elk tags, and per the seller, landowners apply annually to the New Mexico Department of Game & Fish for E-Plus Landowner Permits—a process the current owner has never had difficulty obtaining. With its scenic landscape, strong infrastructure, abundant water, and exceptional recreational potential, Rio de Vega is a rare opportunity to own a truly special Northern New Mexico estate.

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Single Family Active

Price

$ 4,250,000

Bedrooms

6

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

74.54

Year Built

2007

Town/City

Montezuma

County/Region

San Miguel

MLS | Web ID

202503538

Features
General
Sewer Septic Tank
Heating Fireplace(s) Propane Radiant Floor Radiant
Cooling None
Utilities High Speed Internet Available Electricity Available
Possession Closing & Funding
Roof Built-Up Other See Remarks
Appliances Dryer Dishwasher Gas Cooktop Gas Water Heater Microwave Oven Range Refrigerator Water Heater Washer
Garage Spaces 2
Architectural Style Manufactured Home Multi-Level Mobile Home Ranch
Pool Features None
Security Features Dead Bolt(s) Heat Detector Smoke Detector(s)
Construction Materials Frame Modular/Prefab
Year Built 2007
Electric Generator
Stories Count 1
Levels Two One Multi/Split
Property Subtype Single Family Residence
Accessibility Not ADA Compliant
County San Miguel
Property Type Residential
HOA false
Attached Garage true
Garage Y/N true
Other Structures Barn(s) Guest House Detached Outbuilding Stable(s) Storage
Full Baths 4
Special Listing Conditions Standard
Status Active
Directions From Santa Fe take I-25 North Take exit 343 to Las Vegas Take a left at the exit Take a left at the exit. Take a left on an NM-329 which is also called New Mexico Avenue. Turn left at the light onto Hot Springs Blvd. continue past the United World College in Montezuma about a mile past the college the road will start to climb continue about another 4.8 miles and you will see the property entrance on your left. Rio de Vega Ranch.
High School Las Vegas
City Montezuma
Lot Size Units Acres
Lot Size Square Feet 3246962.4
Listing Terms Cash Conventional 1031 Exchange New Loan
Elementary School Las Vegas
Property Attached Y/N false
Land Lease Y/N false
Body Type Double Wide
Middle/Junior High School Las Vegas
MLS Area Minor 28-San Miguel Cnty
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
Flooring Carpet Wood
Total Fireplaces 4
Fireplace Features Wood Burning Wood BurningStove
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N true
Half Baths 1
3/4 Baths 1
Total Bedrooms 6
Total Baths 6
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Exterior
Exterior Amenities Horse Facilities
Parking Features Attached Garage
Water Source Private Well
Total Parking 3
Lot Size Area 74.54
Foundation Details Permanent
Building Area Total 6200
Lot Size Acres 74.54
Lot Size Source Assessor
Waterfront Y/N true
Other Equipment Fuel Tank(s) Irrigation Equipment Satellite Dish
Horse Y/N true
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* Excluded Features
List By
Ryan D. Ferguson

Listing Agent

Sotheby's Int. Re/Washington

Broker

ryan.ferguson@sothebys.realty

Email

Affordability Calculator

$26,514
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,514
Monthly Property Taxes
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Monthly Home Insurance
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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
831134 Elementary School
4795049 Middle School
Las Vegas High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$4,250,000 Listed Price

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997 New Mexico Highway 65, Montezuma, NM, 87731 is a Single Family Home for sale at $4,250,000 with 4,200 sqft and a lot size of 74.54. 997 New Mexico Highway 65 has 6 bedrooms, 5.1 baths, and was built in 2007. The property's zip code is 87731 which is in Montezuma, NM