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For sale
  • $898,000

    36 Penny Ln, Las Vegas, NM 87701

    6beds
    3,446sqft
    : 
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    Single Family Residence
    Built in 2006
    20 Acres Lot
    $848,900 Zestimate®
    $261/sqft
    $-- HOA

    What's special

    Tack roomRv covered parkingGated entranceQuarter-mile private driveHay storageWash areaLarge pantry
    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.
    107 days
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    525
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    25
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kurtis Quintana 505-718-9364,

    Home & Land Professionals 505-425-9074,

    Elizabeth A Demare 505-617-0503,

    Home & Land Professionals

    Source: New Mexico MLS,MLS#: 20261820MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      • Partial bathrooms: 1
      Heating
      • Propane, Radiant, Wood Stove
      Features
      • Ceiling Fan(s), Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet, Concrete
      • Number of fireplaces: 2
      • Fireplace features: Pellet
      Interior area
      • Total structure area: 3,446
      • Total interior livable area: 3,446 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage
      • Garage spaces: 3
      Features
      • Stories: 1
      • Patio & porch: Patio Covered
      • Exterior features: Horses Allowed
      • Has spa: Yes
      • Fencing: Cross Fenced
      Lot
      • Size: 20 Acres
      • Topography: Cross Fenced, Wire
      Details
      • Parcel number: R0658182

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Northern New Mexico
      • Property subtype: Single Family Residence
      Materials
      • Frame, Stucco
      • Roof: Metal
      Condition
      • Year built: 2006

      Utilities & green energy

      • Water: Private
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Las Vegas

      Financial & listing details

      • Price per square foot: $261/sqft
      • Tax assessed value: $451,361
      • Annual tax amount: $3,722
      • Date on market: 3/30/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Inclusions: Built-In Range, Dishwasher, Free-Standing Range, Microwave, Oven, Range Hood, Refrigerator, Washer, Wine Refrigerator
      • Electric utility on property: Yes

        Estimated market value

        $848,900

        $806,000 - $891,000

        $3,885/mo

        Price history

        DateEventPrice
        3/30/2026Listed for sale$898,000+0.3%$261/sqft
        Source: New Mexico MLS #20261820 Report a problem
        3/9/2026Listing removed$895,000$260/sqft
        Source: SFARMLS #202600700 Report a problem
        2/26/2026Price change$895,000-14.8%$260/sqft
        Source: SFARMLS #202600700 Report a problem
        2/19/2026Price change$1,050,000-4.5%$305/sqft
        Source: SFARMLS #202501529 Report a problem
        10/9/2025Price change$1,100,000-1.3%$319/sqft
        Source: SFARMLS #202501529 Report a problem
        8/12/2025Price change$1,115,000-0.9%$324/sqft
        Source: SFARMLS #202501529 Report a problem
        6/16/2025Price change$1,125,000-5.1%$326/sqft
        Source: SFARMLS #202501529 Report a problem
        5/27/2025Price change$1,185,000-4.4%$344/sqft
        Source: SFARMLS #202501529 Report a problem
        5/9/2025Price change$1,240,000-1.6%$360/sqft
        Source: SFARMLS #202501529 Report a problem
        4/11/2025Listed for sale$1,260,000+6.8%$366/sqft
        Source: SFARMLS #202501529 Report a problem
        11/9/2024Listing removed$1,180,000$342/sqft
        Source: SFARMLS #202404511 Report a problem
        10/25/2024Listed for sale$1,180,000+62.8%$342/sqft
        Source: SFARMLS #202404511 Report a problem
        8/24/2022Sold--
        Source: SFARMLS #202201122 Report a problem
        7/18/2022Pending sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        5/11/2022Listed for sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        4/27/2022Pending sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        4/7/2022Listed for sale$724,900$210/sqft
        Source: SFARMLS #202201122 Report a problem
        12/3/2014Sold--
        Source: New Mexico MLS #20143111 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,722 +3.7%$150,453 +3.7%
        2024$3,591 +2.5%$145,093 +3%
        2023$3,502 +21.3%$140,867 +16.2%
        2022$2,887 +3.6%$121,214 +3%
        2021$2,786 -1.5%$117,683 -2.4%
        2018$2,828 +4.7%$120,549 +2.7%
        2017$2,702 -26.4%$117,420 -24.8%
        2013$3,672 +9.8%$156,044 +5.4%
        2011$3,344 $148,020
        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: 87701

        Getting around

        0 / 100
        Car-Dependent
        8 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: None/Other
        • Middle: None/Other
        • High: None/Other

        Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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