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For sale
  • Price cut: $100K (6/30)
    $1,495,000

    12 La Vega, Lamy, NM 87540

    4beds
    5,245sqft
    : 
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    Single Family Residence
    Built in 1787
    0.8 Acres Lot
    $-- Zestimate®
    $285/sqft
    $-- HOA

    What's special

    Modern plumbing fixturesIntegrated sound throughoutUpdated kitchen and bathsNew brick floorsInterior plaster wallsExceptional lightingGraced with fruit trees
    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, modern plumbing fixtures, and 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 artist 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 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, 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.
    177 days
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    345
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    17
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    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#: 202600117MLS LogoOriginating MLS: Santa Fe Association of REALTORS

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      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

      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: $1,318,738
      • 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

        DateEventPrice
        6/30/2026Price change$1,495,000-6.3%$285/sqft
        Source: SFARMLS #202600117 Report a problem
        1/14/2026Listed for sale$1,595,000+6.7%$304/sqft
        Source: SFARMLS #202600117 Report a problem
        10/7/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/30/2022Listed for rent$1,950-22%
        Source: Zillow Rental Manager Report a problem
        1/21/2022Listing removed--
        Source: BHHS broker feed Report a problem
        12/7/2021Pending sale$1,495,000$285/sqft
        Source: SFARMLS #202103886 Report a problem
        8/29/2021Listed for sale$1,495,000+19.6%$285/sqft
        Source: SFARMLS #202103886 Report a problem
        5/1/2018Listing removed$1,250,000$238/sqft
        Source: Barker Realty, LLC #201701921 Report a problem
        11/15/2017Listed for sale$1,250,000$238/sqft
        Source: Barker Realty, LLC #201701921 Report a problem
        10/12/2017Listing removed$1,250,000$238/sqft
        Source: Barker Realty, LLC #201701921 Report a problem
        5/2/2017Listed for sale$1,250,000$238/sqft
        Source: Barker Realty, LLC #201701921 Report a problem
        4/1/2017Listing removed$2,500
        Source: Keller Williams #201605348 Report a problem
        1/13/2017Listed for rent$2,500
        Source: Keller Williams #201605348 Report a problem
        4/30/2016Price change$1,250,000-16.6%$238/sqft
        Source: Keller Williams #201601877 Report a problem
        8/20/2015Price change$1,499,000-5.6%$286/sqft
        Source: Santa Fe Properties #201501225 Report a problem
        4/3/2015Listed for sale$1,588,000-11.7%$303/sqft
        Source: Santa Fe Properties #201501225 Report a problem
        11/20/2014Listing removed$1,799,000$343/sqft
        Source: Santa Fe Properties #201205400 Report a problem
        10/9/2013Price change$1,799,000-5.8%$343/sqft
        Source: Santa Fe Properties #201205400 Report a problem
        12/5/2012Listed for sale$1,910,000$364/sqft
        Source: Santa Fe Properties #201205400 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 87540

        Getting around

        4 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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