36 Penny Lane Las Vegas, NM $ 995,000
36 Penny Lane
$ 995,000
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36 Penny Lane

Las Vegas, NM, 87701
$ 995,000
Bedrooms6 Baths5.1 Sq 4,528

Monthly Estimate*

$ 6,872

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Single Family Home for sale in Las Vegas, NM

for $995,000 with 6 bedrooms and 5 full baths, 1 half bath. This 4,528 square foot home was built in 2008 on a lot size of 42.

Welcome to Tara Ranch, an exceptional 42-acre Northern New Mexico retreat offering privacy, sweeping mountain views, equestrian amenities and remarkable versatility just beyond San Geronimo. Fully fenced and surrounded on three sides by a 2,500-acre private ranch, the property enjoys spectacular views of Hermit’s Peak and surrounding mountains, with mature trees and open spaces ideal for horses, grazing and recreation. A gated entrance and picturesque quarter-mile private drive lead to the substantial single-level residence, built in 2008. Soaring 12' ceilings, diamond-finish plaster walls, substantial wood beams and graceful arches create classic Southwestern character, while generous living, dining and kitchen spaces open to a covered portal for outdoor dining and enjoying the views. The chef’s kitchen features two ovens, a gas cooktop with griddle, dual sinks, granite counters, stainless appliances and large pantry. Five bedrooms and 3.5 baths include a spacious primary suite with private portal, walk-in closet and bath with soaking tub, walk-in shower and dual vanities. Radiant-floor heat, a heated 3+ car garage, private well and water softener add comfort and practicality. The impressive Barn Pros equestrian facility offers six stalls, tack/workshop space, hay storage, horse wash area, covered RV storage and a 45'x60' corral. Above the barn, an approx. 1,593 sq. ft. 2-bedroom, 1-bath barndominium offers a kitchen, expansive living/dining area, high ceilings, wood-burning stove and front and rear porches. Two storage sheds and mostly level acreage add flexibility, with room for additional structures or casitas, subject to approvals. A rare combination of privacy, usable land, flexible living spaces and spectacular Northern New Mexico scenery.

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Single Family Active

Price

$ 995,000

Bedrooms

6

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

42

Year Built

2008

Town/City

Las Vegas

County/Region

San Miguel

MLS | Web ID

202604344

Features
General
Sewer Septic Tank
Heating Baseboard Electric Pellet Stove Radiant Floor Wood Stove
Cooling None Other See Remarks
Utilities High Speed Internet Available Other Electricity Available
Possession Closing & Funding
Roof Metal
Appliances Dishwasher Gas Cooktop Disposal Gas Water Heater Microwave Oven Range Refrigerator Water Softener Water Heater Washer
Garage Spaces 3
Architectural Style Ranch
Pool Features None
Security Features Dead Bolt(s) Heat Detector Smoke Detector(s)
Construction Materials Frame Stucco
Year Built 2008
Electric Generator Underground 220 Volts
Stories Count 1
Levels One
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 Stable(s) Storage
Full Baths 4
Special Listing Conditions Standard
Status Active
Directions I-25 North toward Las Vegas. Take Exit 339 turn right then left onto the Frontage Road heading north. Turn left onto NM 283 and continue past the detention center. Bear left onto CR-A17 toward San Geronimo. Continue through San Geronimo and just after the church turn left at the 3-way stop onto CR-A19A. Continue approximately 1 mile. Look for the "In Loving Memory of Kurt Parkinson" sign on the right; Penny Lane is the next right just past the sign. Continue on Penny Lane to the property on the right.
High School West Las Vegas High
City Las Vegas
Lot Size Units Acres
Lot Size Square Feet 1829520
Carport Y/N true
Listing Terms Cash Conventional 1031 Exchange New Loan
Elementary School Luis E Armijo Elementary
Property Attached Y/N false
Land Lease Y/N false
Middle/Junior High School West 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 Owner
Property Sub Type Additional Detached Single Family Residence
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Interior
Interior Amenities Beamed Ceilings No Interior Steps
Flooring Carpet Concrete Tile Wood
Total Fireplaces 2
Fireplace Features Pellet Stove Wood Burning
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 Carport Direct Access Garage Heated Garage RV Access/Parking
Water Source Private Well
Total Parking 10
Lot Size Area 42
Building Area Total 6121
Lot Size Acres 42
Lot Size Source Assessor
Waterfront Y/N false
Other Equipment Fuel Tank(s)
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

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$6,872
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Monthly Principal & Interest
$6,872
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Default based on a 30-year fixed rate of 7.375% 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
0 Elementary School
0 Middle School
West Las Vegas High High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$995,000 Listed Price

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36 Penny Lane, Las Vegas, NM, 87701 is a Single Family Home for sale at $995,000 with 4,528 sqft and a lot size of 42. 36 Penny Lane has 6 bedrooms, 5.1 baths, and was built in 2008. The property's zip code is 87701 which is in Las Vegas, NM