988 US 84 Las Vegas, NM $ 2,125,000
988 US 84
$ 2,125,000
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988 US 84

Las Vegas, NM, 87701
$ 2,125,000
Bedrooms3 Baths2.0 Sq 1,475

Monthly Estimate*

$ 13,084

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Farms/Ranches for sale in Las Vegas, NM

for $2,125,000 with 3 bedrooms and 2 full baths. This 1,475 square foot property was built on a lot size of 1316.

Rancho El Patrón encompasses 1,316 acres of varied northern New Mexico terrain, combining elevation, expansive views, and a strong sense of scale. From elevated vantage points, the ranch enjoys spectacular views of the Sangre de Cristo Mountains, Tecolote Creek, Hermit’s Peak, Starvation Peak, and portions of the historic Old Santa Fe Trail. Despite its peaceful and quiet setting, the ranch benefits from paved access on NM-84 and is located only 10 miles from Interstate 25. The ranch is just 20 minutes from historic Las Vegas, New Mexico, and one hour from the culture and fine dining in Santa Fe. The ranch is anchored by a series of elevated rocky bluffs, including roughly one mile of rimrock rising more than 300 feet above the surrounding landscape. The broader topography includes rolling hills, mesas, piñon and juniper woodland, arroyos, and prominent rock outcroppings that create visual depth and natural separation across the property. Elevations range from approximately 5,800 to 6,300 feet, with higher ground providing amazingly broad vistas with a variety of potential building sites well positioned for views and privacy. Historically part of an early Spanish land grant, Rancho el Patrón has been held as a private family ranch for many years. The property includes approximately one mile of frontage along U.S. Highway 84 and benefits from existing infrastructure that supports long-term flexibility. Approximately two miles of water pipelines and underground electric extend along interior roads, serving seven potential building sites throughout the ranch. The ranch is divided into three legal parcels, providing meaningful options for future ownership. The configuration and infrastructure allow for development possibilities and would enhance the value of a conservation easement, depending on an owner’s long-term objectives. Improvements include a furnished 2016 Clayton manufactured home with three bedrooms and two bathrooms, offering approximately 1,475 square feet of living space. The residence has central heat and a wood-burning stove. There is also window-unit heating and cooling. Three covered porches and a two-car carport provide additional utility. The home is well suited as a comfortable base while developing the property and/or constructing a primary ranch residence. Water resources include two wells, five dirt tanks, three drinkers, and an extensive underground water distribution system. Cattle handling facilities include pens and a loading chute. The property also includes an additional 4-car carport/workshop and a single carport. Located within New Mexico Game Management Unit 43, the ranch supports wildlife including elk, mule deer, black bear, turkey, and mountain lion. The ranch qualifies for unlimited landowner elk tags and over-the counter landowner deer hunting. Rancho El Patrón offers a balanced combination of acreage, privacy, infrastructure, and accessibility—appropriate for continued ranch use, a private holding, or a long-term land strategy aligned with development or conservation goals.

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Farms/Ranches Active

Price

$ 2,125,000

Bedrooms

3

Full Bath

2

Property Type

Farms/Ranches

Taxes

$ 0

Style

Lot Size

1316

Town/City

Las Vegas

County/Region

San Miguel

MLS | Web ID

202600230

Features
General
Sewer Septic Tank
Utilities Electricity Available
Possession Closing & Funding
Electric 3 Phase 220 Volts
Property Subtype Farm
Waterfront Features None
County San Miguel
Property Type Farm
HOA false
Garage Y/N false
Full Baths 1
Special Listing Conditions Standard
Status Active
High School Unknown
City Las Vegas
Zoning Description Ag Exemption
Lot Size Units Acres
Lot Size Square Feet 57324960
Listing Terms Cash Conventional 1031 Exchange
Elementary School Unknown
Land Lease Y/N false
Middle/Junior High School Unknown
MLS Area Minor 28-San Miguel Cnty
Lease Considered Y/N false
Living Area Units Square Feet
Standard Status Active
Property Sub Type Additional Farm Ranch
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Interior
Interior Amenities No Interior Steps
Basement (Y/N) false
Fireplace Y/N false
3/4 Baths 1
Total Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Fence
Vegetation Grassed
Fencing Barbed Wire Fenced
Lot Features Wooded
Water Source Well
Lot Size Area 1316
Building Area Total 1475
Lot Size Acres 1316
Road Surface Type Dirt Paved
Lot Size Source Survey
Waterfront Y/N false
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* Excluded Features
List By
Robert Martin

Listing Agent

Fay Ranches, Inc.

Broker

rmartin@fayranches.com

Email

Affordability Calculator

$13,084
Per Month
100%
0%
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Monthly Principal & Interest
$13,084
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$2,125,000 -6.59% Price Down
1/19/2026$2,275,000 Listed Price

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988 US 84, Las Vegas, NM, 87701 is a Farms/Ranches for sale at $2,125,000 with 1,475 sqft and a lot size of 1316. 988 US 84 has 3 bedrooms and 2.0 baths. The property's zip code is 87701 which is in Las Vegas, NM