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Land with Home for Sale in Española, New Mexico

58 County Road 120, Española, NM 87532

$649,000
5 acres
Active sale
$19k drop
Est $3,651/mo

NEW PRICE - $649,000! | PRICED BELOW APPRAISAL Own a Piece of Northern New Mexico History - and Create Your Vision. Discover a truly special property in coveted La Mesilla, where history, open land, agriculture, equestrian living, and endless possibilities come together on 5.057 acres. At the heart of the property is a thoughtfully updated 1918 adobe home filled with authentic Northern New Mexico character, including exposed vigas, a traditional Kiva fireplace, remodeled kitchen and bath, updated electrical and plumbing, and new Accent windows throughout. The home offers the flexibility to serve as a primary residence, guest retreat, studio, or potential casita. But the real opportunity is the land and infrastructure. Once operated as a horse breeding ranch, the property is ready for someone to bring that lifestyle back. A four-stall horse barn, hay barn, greenhouse, chicken coop, workshop/office, cool storage, additional outbuildings, fenced areas, irrigated pasture/orchard, agricultural water rights, and irrigation infrastructure provide an incredible foundation for an equestrian or agricultural homestead. An owned 12-panel tracking solar system, private well and septic, water filtration, and upgraded well equipment add even more value. Enjoy breathtaking views toward the Santa Fe National Forest and Jemez Mountains, abundant wildlife, privacy, and the peaceful character of rural Northern New Mexico-yet you're only minutes from Espanola with easy access toward Santa Fe and Los Alamos. Whether you envision a private retreat, horse ranch, agricultural homestead, guest/casita property, or future estate, this is an opportunity to create something truly your own. 5.057 acres. Water. Solar. Equestrian potential. Mountain views. Endless possibilities.

1,530
Sq feet
2
Beds
1
Full bath
1918
Built

Location

Street address
58 County Road 120, Parcel 1-A
Zip code
87532
Elevation
5,607 feet
Coordinates
35.9424, -106.0849

Directions

US-84/285 to NM-399 (La Mesilla). Follow NM-399, turn left onto County Road 120, then continue to 58 County Road 120 at the end of the private drive.

Property details

Acreage
5.06 acres
Zoning
Rural Residential
MLS #
SFAR 202603249
Posted

Property taxes

2025
$1,104

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Zoning
Agricultural/Rural Residential

Exterior

Parking Spaces
4
Parking
Carport, Garage
Structures
Barn(s)
Features
Horse Facilities

Structure

Stories
1
Water
Private, Well
Sewer
Septic Tank
Heating
Baseboard, Electric
Roof
Metal

Interior

Rooms
Bathroom, Bedroom x 2, Dining Room
Flooring
Tile, Wood
Fireplaces
Yes
Appliances
Dishwasher, Electric Cooktop, Electric Water Heater, Microwave
Security
Security
Features
Beamed Ceilings, No Interior Steps

Nearby schools

NameType
SombrilloElementary
Carlos F. Vigil Espanola Middle SchoolMiddle
Espanola Valley HighHigh

Listing history

DateEventPriceChangeSource
Sept 11, 2026Price drop$649,000$19,000 -2.8%SFAR
Sept 3, 2026Price drop$668,000$21,900 -3.2%SFAR
Aug 19, 2026Price drop$689,900$305,100 -30.7%SFAR
Aug 17, 2026New listing$995,000—SFAR
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This 5.06-acre property is located at 58 County Road 120 Parcel 1-A in Española, NM 87532. The property is available for sale, priced at $649,000. It has a 1,530 square foot 2-bedroom, 1-bath house built in 1918.

Listed by 1st Class Realty of Santa Fe, (505) 795-2470

Checked 1 hour agoUpdated Source

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