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Agricultural Land with Home for Sale in Las Vegas, New Mexico

36 Penny Ln, Las Vegas, NM 87701

$898,000
20 acres
Active sale
ago
Est $4,617/mo

Tara Ranch is a substantially built Northern New Mexico ranch property offering privacy, scale, and exceptional equestrian improvements on 20 fully fenced, mostly flat acres. From the gated entrance, a beautiful quarter-mile private driveway leads to the 3,400+square-foot main home and the impressive barn. Built in 2006, the one-level home features 12-foot ceilings, diamond-finish walls, arches, and large beams throughout, creating a spacious feel with oversized rooms and generous living areas. The open main living, dining, and kitchen spaces take in magnificent views and connect easily to a covered portal for outdoor dining, grilling, and enjoying the landscape. The chefs kitchen is well equipped with two ovens, a large gas cooktop with griddle, two sinks, wild stone granite counters, stainless steel appliances, large pantry, and abundant cabinetry. The layout is practical and comfortable, with the primary suite, office or media room, and one guest bedroom on the west wing, while two additional bedrooms and a Jack-and-Jill bath are on the east wing. The heated 3+ car garage, radiant floor heat, fenced backyard, updated boiler in 2024, hot water heater in 2022, private well, and water softener add everyday function and value. Completed in 2025, the state-of-the-art 6-stall Barn Pros equestrian facility includes rubber flooring, tack room, workshop, hay storage, wash area, fenced 45x60 corral, RV covered parking, and a 1,600-square-foot apartment above. Surrounded on three sides by a 2,500-acre private ranch, with sweeping Hermits Peak views and easy access to riding trails, Tara Ranch is well situated for access to Santa Fe and Las Vegas NM.

3,446
Sq feet
6
Beds
5
Full baths
1
1/2 bath

Location

Street address
36 Penny Ln
Community
New Mexico MLS
Elevation
6,895 feet
Coordinates
35.5727, -105.4026

Directions

From Las Vegas: Take I-25 South. Exit and continue onto NM-283 W. Follow County Rd A17. Turn right onto Penny Ln. Proceed to 36 Penny Ln, Las Vegas, NM 87701.

Property details

Acreage
20 acres
MLS #
NMMLS 20261820
Posted

Property taxes

2025
$3,722

Parcels

  • R0658182

Details and features

Listing

Type
Residential

Exterior

Parking Spaces
3
Parking
Open, RV
Fencing
Fenced
Pool
Patio
Hot Tub
Yes
Structures
Guest House
Features
Horses Allowed

Structure

Stories
1
Sewer
Septic Tank
Heating
Propane, Radiant, Wood, Wood Stove
Materials
Frame, Stucco
Roof
Metal

Interior

Rooms
Bathroom x 6, Bedroom x 6
Flooring
Carpet, Concrete
Appliances
Built-In Range, Dishwasher, Free-Standing Range, Microwave, Oven, Range Hood, Refrigerator, Washer, Wine Refrigerator
Features
Ceiling Fan(s), Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Property utilities

CategoryTypeStatus
GasPropaneConnected

Listing history

DateEventPriceChangeSource
Mar 30, 2026New listing$898,000NMMLS
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This 20-acre property is located at 36 Penny Ln in Las Vegas, NM 87701. The property is available for sale for $898,000. It has a 3,446 sq ft 6 bedroom, 5 bath house.

Checked 1 hour ago — Updated

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