Something Old. Something New. Rare Commercial Opportunity.
An exceptional and singular compound in the heart of historic Galisteo, this remarkable property weaves together centuries of heritage with thoughtful modern design. Dating to the 1800s, the 3-bedroom, 2-bath double-adobe Main House once housed the beloved La Mancha Restaurant (1959–1971), where the Ortiz family’s New Mexican cuisine earned widespread acclaim.
Tastefully renovated in 2012, the Main House features new brick floors, interior plaster walls, updated kitchen and baths, added skylights, while honoring the home’s original character, authenticity, and soul.
Complementing the historic residence is a striking studio/gallery building originally designed by award-winning architect Beverly Spears and constructed in 1995 using Rastra construction for gallerist Linda Durham. A comprehensive 2006 remodel transformed the space into an extraordinary studio, gallery, and entertaining venue, featuring soaring 12-foot ceilings, exceptional lighting, integrated sound throughout, a home theater with cork flooring, surround sound and retractable screen, a ¾ bath, and a chef’s kitchen equipped with Wolf, Sub-Zero, Miele, and Fisher & Paykel appliances, Bob Pepper custom cabinetry, amethyst stone countertops and a generous pantry.
The inviting Guest House, built in 2006, offers a warm and comfortable retreat with a living room, bedroom with fireplace, kitchen, and bath, ideal for visitors or extended stays.
Commercially zoned and among the few such properties in Galisteo, this compound presents rare possibilities for a boutique B&B, restaurant, gallery, or creative retreat. Enclosed by historic adobe and stone walls and graced with fruit trees, this truly special offering invites vision, imagination, and opportunity in one of New Mexico’s most cherished villages.
For sale
Price cut: $100K (6/30)
$1,495,000
12 La Vega, Lamy, NM 87540
4beds
5,245sqft
Single Family Residence
Built in 1787
0.8 Acres Lot
$-- Zestimate®
$285/sqft
$-- HOA
What's special
Integrated sound throughoutAmethyst stone countertopsUpdated kitchen and bathsNew brick floorsInterior plaster wallsExceptional lightingGraced with fruit trees
- 231 days
- 267
- 12
Zillow last checked:
Listing updated:
Listed by:
Beth Caldarello 213-321-7707,
The Agency Santa Fe 505-295-0905,
Elayne Patton 505-690-8300,
The Agency Santa Fe
Source: SFARMLS,MLS#: 202600117
Originating MLS: Santa Fe Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
Heating
- Baseboard, Ductless, Electric, Fireplace(s), Propane, Other, Radiant Floor, See Remarks, Wall Furnace
Cooling
- Ductless, Refrigerated, Wall/Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Oven, Range, Refrigerator, Water Heater, Washer
Features
- No Interior Steps
- Flooring: Brick, Concrete, Tile, Wood
- Windows: Insulated Windows
- Has basement: No
- Number of fireplaces: 4
- Fireplace features: Kiva, Wood Burning
Interior area
- Total structure area: 5,245
- Total interior livable area: 5,245 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: None
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.8 Acres
Details
- Additional structures: Guest House Detached, Studio Detached
- Parcel number: 106008488
- Zoning description: Traditional Community Galisteo Community Overlay
- Special conditions: Standard
- Other equipment: Fuel Tank(s)
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo,Territorial
- Property subtype: Single Family Residence
Materials
- Adobe, Frame, Stucco
- Roof: Bitumen,Built-Up,Flat,Foam,Tar/Gravel
Condition
- Unknown
- Year built: 1787
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: High Speed Internet Available, Electricity Available
Community & HOA
Community
- Security: Security System, Security Gate
HOA
- Has HOA: No
- Amenities included: Clubhouse, Recreation Facilities
Location
- Region: Lamy
Financial & listing details
- Price per square foot: $285/sqft
- Tax assessed value: $1,239,654
- Annual tax amount: $8,596
- Date on market: 1/14/2026
- Listing terms: Cash,Conventional,1031 Exchange,New Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Price change | $1,495,000-6.3%$285/sqft |
Source: | ||
| 1/14/2026 | Listed for sale | $1,595,000+6.7%$304/sqft |
Source: | ||
| 10/7/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/30/2022 | Listed for rent | $1,950-22% |
Source: Zillow Rental Manager Report a problem | ||
| 1/21/2022 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 12/7/2021 | Pending sale | $1,495,000$285/sqft |
Source: | ||
| 8/29/2021 | Listed for sale | $1,495,000+19.6%$285/sqft |
Source: | ||
| 5/1/2018 | Listing removed | $1,250,000$238/sqft |
Source: Barker Realty, LLC #201701921 Report a problem | ||
| 11/15/2017 | Listed for sale | $1,250,000$238/sqft |
Source: Barker Realty, LLC #201701921 Report a problem | ||
| 10/12/2017 | Listing removed | $1,250,000$238/sqft |
Source: Barker Realty, LLC #201701921 Report a problem | ||
| 5/2/2017 | Listed for sale | $1,250,000$238/sqft |
Source: Barker Realty, LLC #201701921 Report a problem | ||
| 4/1/2017 | Listing removed | $2,500 |
Source: Keller Williams #201605348 Report a problem | ||
| 1/13/2017 | Listed for rent | $2,500 |
Source: Keller Williams #201605348 Report a problem | ||
| 4/30/2016 | Price change | $1,250,000-16.6%$238/sqft |
Source: Keller Williams #201601877 Report a problem | ||
| 8/20/2015 | Price change | $1,499,000-5.6%$286/sqft |
Source: Santa Fe Properties #201501225 Report a problem | ||
| 4/3/2015 | Listed for sale | $1,588,000-11.7%$303/sqft |
Source: Santa Fe Properties #201501225 Report a problem | ||
| 11/20/2014 | Listing removed | $1,799,000$343/sqft |
Source: Santa Fe Properties #201205400 Report a problem | ||
| 10/9/2013 | Price change | $1,799,000-5.8%$343/sqft |
Source: Santa Fe Properties #201205400 Report a problem | ||
| 12/5/2012 | Listed for sale | $1,910,000$364/sqft |
Source: Santa Fe Properties #201205400 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,597 -2.6% | $1,239,654 -1.7% |
| 2024 | $8,822 -0.1% | $1,261,287 +3% |
| 2023 | $8,831 +132.6% | $1,224,551 +133.5% |
| 2022 | $3,797 +2% | $524,438 +3% |
| 2021 | $3,724 +2.3% | $509,164 +209% |
| 2020 | $3,641 +2% | $164,778 +3% |
| 2019 | $3,569 +2.7% | $159,979 +3% |
| 2018 | $3,477 | $155,320 +3% |
| 2017 | $3,477 +3.5% | $150,796 +3% |
| 2016 | $3,358 | $146,404 +3% |
| 2015 | $3,358 +8.6% | $142,140 +3.1% |
| 2014 | $3,091 -59.7% | $137,862 |
| 2013 | $7,668 +1.6% | -- |
| 2012 | $7,548 +2% | -- |
| 2011 | $7,398 +4% | -- |
| 2010 | $7,114 +4.9% | -- |
| 2009 | $6,780 +3.9% | -- |
| 2008 | $6,526 +279.8% | -- |
| 2005 | $1,718 +9.3% | -- |
| 2004 | $1,572 -7.2% | -- |
| 2003 | $1,693 +5.6% | -- |
| 2002 | $1,604 -4.5% | -- |
| 2001 | $1,679 +3.5% | -- |
| 2000 | $1,622 | $92,279 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 87540
Nearby schools
Schools provided by the listing agent
- Elementary: El Dorado Com School
- Middle: El Dorado Com School
- High: Santa Fe
Source: SFARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






