
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 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.
Location
- Street address
- 36 Penny Ln
- County
- San Miguel County
- Zip code
- 87701
- 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 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
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 30, 2026 | New listing | $898,000 | — | NMMLS |
































































