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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 chef's 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 Hermit's 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.

5,211
Sq feet
6
Beds
4
Full baths
1
1/2 bath
2006
Built

Location

Street address
36 Penny Ln
Zip code
87701
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 #
SFAR 202601277
Posted

Property taxes

2025
$3,722

Parcels

  • 1084091425275

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking Spaces
10
Parking
Carport, Garage, RV
Structures
Barn(s)
Features
Horse Facilities

Structure

Stories
1
Water
Private, Well
Sewer
Septic Tank
Heating
Baseboard, Electric, Pellet Stove, Propane, Radiant, Radiant Floor, Wood, Wood Stove
Materials
Frame, Stucco
Roof
Metal

Interior

Rooms
Bathroom x 5, Bedroom x 6
Flooring
Carpet, Concrete, Tile
Fireplaces
Yes
Appliances
Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer, Water Purifier, Water Softener
Features
Beamed Ceilings, No Interior Steps

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameType
Las VegasElementary
West Las VegasMiddle
West Las Vegas HighHigh

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 5,211 square foot 6-bedroom, 4.5-bath house built in 2006.

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

Checked 1 hour agoUpdated Source

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