58 CR 120 Espanola, NM $ 649,000
58 CR 120
$ 649,000
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58 CR 120

Espanola, NM, 87532
$ 649,000
Bedrooms2 Baths1.0 Sq 1,530

Monthly Estimate*

$ 4,098

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Single Family Home for sale in Espanola, NM

for $649,000 with 2 bedrooms and 1 full bath. This 1,530 square foot home was built in 1918 on a lot size of 5.06.

NEW PRICE — $649,000! | PRICED BELOW APPRAISAL Own a Piece of Northern New Mexico History — and Create Your Vision. Discover a truly special property in coveted La Mesilla, where history, open land, agriculture, equestrian living, and endless possibilities come together on 5.057 acres. At the heart of the property is a thoughtfully updated 1918 adobe home filled with authentic Northern New Mexico character, including exposed vigas, a traditional Kiva fireplace, remodeled kitchen and bath, updated electrical and plumbing, and new Accent windows throughout. The home offers the flexibility to serve as a primary residence, guest retreat, studio, or potential casita. But the real opportunity is the land and infrastructure. Once operated as a horse breeding ranch, the property is ready for someone to bring that lifestyle back. A four-stall horse barn, hay barn, greenhouse, chicken coop, workshop/office, cool storage, additional outbuildings, fenced areas, irrigated pasture/orchard, agricultural water rights, and irrigation infrastructure provide an incredible foundation for an equestrian or agricultural homestead. An owned 12-panel tracking solar system, private well and septic, water filtration, and upgraded well equipment add even more value. Enjoy breathtaking views toward the Santa Fe National Forest and Jemez Mountains, abundant wildlife, privacy, and the peaceful character of rural Northern New Mexico—yet you're only minutes from Española with easy access toward Santa Fe and Los Alamos. Whether you envision a private retreat, horse ranch, agricultural homestead, guest/casita property, or future estate, this is an opportunity to create something truly your own. 5.057 acres. Water. Solar. Equestrian potential. Mountain views. Endless possibilities.

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Single Family Active

Price

$ 649,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,104

Style

Lot Size

5.06

Year Built

1918

Town/City

Espanola

County/Region

Rio Arriba

MLS | Web ID

202603249

Features
General
Sewer Septic Tank
Heating Baseboard Electric
Cooling None
Utilities High Speed Internet Available Electricity Available
Possession Close Of Escrow
Roof Metal
Appliances Dishwasher Electric Cooktop Electric Water Heater Microwave
Zoning Rural Residential
Garage Spaces 4
Architectural Style Northern New Mexico
Pool Features None
Security Features Security Gate
Year Built 1918
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Accessibility Not ADA Compliant
County Rio Arriba
Property Type Residential
HOA false
Attached Garage false
Garage Y/N true
Other Structures Barn(s) Greenhouse Outbuilding Stable(s) Storage
Full Baths 1
Special Listing Conditions Standard
Status Active
Directions US-84/285 to NM-399 (La Mesilla). Follow NM-399 turn left onto County Road 120 then continue to 58 County Road 120 at the end of the private drive.
High School Espanola Valley High
City Espanola
Disclosures Lead Based Paint Disclosure
Zoning Description Agricultural / Rural Residential
Lot Size Units Acres
Lot Size Square Feet 220282.92
Carport Y/N true
Listing Terms Cash Conventional 1031 Exchange New Loan
Elementary School Sombrillo
Property Attached Y/N false
Year Built Details Built in 1918 this historic native adobe home has been thoughtfully updated while preserving its authentic character. Major improvements include roof plumbing electrical kitchen bath windows solar system and septic.
Land Lease Y/N false
Tax Annual Amount 1104
Middle/Junior High School Carlos F. Vigil Espanola Middle School
MLS Area Minor 34-La Mesilla
Lease Considered Y/N false
Virtual Tour https://tour.giraffe360.com/1d1b51e3f0ea4bdb809ea14b4f2a1f16 https://tour.giraffe360.com/1d1b51e3f0ea4bdb809ea14b4f2a1f16
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 Tile Wood
Total Fireplaces 1
Fireplace Features Kiva 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 0
3/4 Baths 0
Total Bedrooms 2
Total Baths 1
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Exterior
Exterior Amenities Horse Facilities
Parking Features Carport Detached Garage
Water Source Private Well
Total Parking 4
Lot Size Area 5.06
Building Area Total 1530
Lot Size Acres 5.06
Lot Size Source Survey
Horse Y/N true
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* Excluded Features
List By
Chad Hanawalt

Listing Agent

1St Class Realty Of Santa Fe

Broker

hanawalt.realty@gmail.com

Email

Affordability Calculator

$4,190
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,098
Monthly Property Taxes
$92
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Espanola Valley High High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$649,000 -2.84% Price Down
9/3/2026$668,000 -3.17% Price Down
8/19/2026$689,900 -30.66% Price Down
8/16/2026$995,000 Listed Price

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58 CR 120, Espanola, NM, 87532 is a Single Family Home for sale at $649,000 with 1,530 sqft and a lot size of 5.06. 58 CR 120 has 2 bedrooms, 1.0 baths, and was built in 1918. The property's zip code is 87532 which is in Espanola, NM