
Agricultural Land with Home for Sale in Las Vegas, New Mexico
36 Penny Ln, Las Vegas, NM 87701
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.
Location
- Street address
- 36 Penny Ln
- County
- San Miguel County
- Community
- New Mexico MLS
- Elevation
- 6,895 feet
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
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 30, 2026 | New listing | $898,000 | — | NMMLS |
































































