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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
Est $4,898/mo

Tara Ranch is a substantially built Northern New Mexico ranch offering privacy, scale, and exceptional equestrian improvements on 20 fully fenced, mostly flat acres. From the gated entrance, a quarter-mile private drive leads to the 3,400+ sq ft main home and impressive barn. Built in 2006, the one-level home features 12-foot ceilings, diamond-finish walls, arches, and large beams, creating oversized rooms and generous living areas. The open living, dining, and kitchen spaces capture magnificent views and flow to a covered portal for outdoor dining and grilling. The chefs kitchen includes two ovens, a large gas cooktop with griddle, two sinks, wild stone granite counters, stainless appliances, a large pantry, and abundant cabinetry. The west wing offers the primary suite, an office/media room, and a guest bedroom; the east wing includes two additional bedrooms with a Jack-and-Jill bath. Practical upgrades include a heated 3+ car garage, radiant floor heat, fenced backyard, updated boiler (2024), hot water heater (2022), private well, and water softener. Completed in 2025, the state-of-the-art 6-stall Barn Pros facility includes rubber flooring, tack room, workshop, hay storage, wash area, fenced 45x60 corral, RV covered parking, and a 1,600 sq ft 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 Santa Fe and Las Vegas NM. Additional adjoining acreage possibly available with purchase of main property.

3,446
Sq feet
6
Beds
4
Full baths
1
1/2 bath

Location

Street address
36 Penny Ln
Zip code
87701
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 5, 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, priced at $898,000. It has a 3,446 square foot 6-bedroom, 4.5-bath house.

Listed by Home & Land Professionals, (505) 425-9074

Checked 2 hours agoUpdated Source

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