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Land with Home for Sale in Santa Fe, New Mexico

196 Circle Dr, Santa Fe, NM 87501

$15,000,000
11.3 acres
Active
Est $82,746/mo

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.

12,208
Sq feet
10
Beds
3
Full baths
4
3/4 baths
4
1/2 baths
1930
Built

Location

Street address
196 Circle Dr
Elevation
7,448 feet
Coordinates
35.7215, -105.9195

Directions

North on Bishop's Lodge Rd, turn left on Circle Drive, house is on the left.

Property details

Acreage
11.3 acres
MLS #
SFAR 202501197
Posted

Parcels

  • 010637184

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Independent

Lot

Features
Drip Irrigation Bubblers

Exterior

Parking Spaces
6
Parking
Garage
Structures
Outbuilding

Structure

Style
Pueblo
Stories
2
Water
Private, Public, Well
Sewer
Public Sewer, Septic Tank
Heating
Fireplace(s), Forced Air, Natural Gas, Radiant, Radiant Floor
Cooling
Central Air, Separate Meters
Materials
Adobe, Frame, Stucco
Roof
Flat, Foam

Interior

Rooms
Basement, Bathroom x 11, Bedroom x 10
Flooring
Brick, Stone, Vinyl, Wood
Appliances
Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Washer, Water Heater, Water Purifier, Water Softener
Security
Security
Features
Beamed Ceilings, Interior Steps, Wine Cellar

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
Carlos GilbertElementary
MilagroMiddle
Santa FeHigh

Listing history

DateEventPriceChangeSource
Apr 1, 2025New listing$15,000,000SFAR
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This 11.3-acre property is located at 196 Circle Dr in Santa Fe, NM 87501. The property is available for sale for $15,000,000. It has a 12,208 sq ft 10 bedroom, 3 bath house built in 1930.

Checked 19 mins ago — Updated

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