Now offered at $428,000, this rare adobe homestead in the heart of the Peñasco Valley brings together land, water rights, privacy, and authentic Northern New Mexico character. Set on one private acre at the end of Roybal Road, this quiet setting offers a peaceful rural property with Picuris Pueblo lands along its boundary and Carson National Forest nearby. Open landscapes, mountain recreation, and the natural beauty of Northern New Mexico are all within easy reach. The three-bedroom, two-bath Territorial-style home was handcrafted with traditional adobe construction and features thick adobe walls, reclaimed vigas and beams, abundant natural light, and desirable southern exposure. At the heart of the home, a wood stove provides warmth and a welcoming gathering place during the colder months. Together with the natural thermal qualities of adobe, the home reflects the comfort, craftsmanship, and enduring appeal of traditional Northern New Mexico living. A pitched metal roof installed in 2015 adds durability and practical peace of mind. What truly distinguishes this property is the combination of features increasingly difficult to find together: a private well, adjudicated irrigation water rights, usable acreage, traditional adobe construction, and a quiet setting with room to make the land your own. The acre offers possibilities for gardens, an orchard, horses, hobby farming, outdoor living, or simply enjoying more space and independence. Expansive skies, limited traffic, and the surrounding landscape also make the property well suited as a full-time residence or creative retreat. Located along the scenic High Road to Taos, the property feels tucked away without being disconnected. Taos is approximately 40 minutes away, Santa Fe approximately 60 minutes, and Sipapu Ski Area about 15 minutes. The wineries, galleries, and mountain communities surrounding Dixon and Peñasco are also nearby. At its newly adjusted price of $428,000, this is an opportunity to own a distinctive Northern New Mexico adobe home with one acre, water rights, a private well, privacy, and room to create a lifestyle connected to the land.
For sale
Price cut: $28K (8/31)
$428,000
42 Roybal Road, Penasco, NM 87553
3beds
2,100sqft
Single Family Residence
Built in 1978
1.03 Acres Lot
$-- Zestimate®
$204/sqft
$-- HOA
What's special
Thick adobe wallsThree-bedroom two-bath territorial-style homeRare adobe homesteadCarson national forest nearbyQuiet settingDesirable southern exposureUsable acreage
- 304 days
- 551
- 42
Zillow last checked:
Listing updated:
Listed by:
Patricia Trish McSweeney 575-776-4560,
Berkshire Hathaway HomeServices Taos Real Estate 575-758-1924
Source: Enchanted Circle,MLS#: 113427
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Master bedroom Ensuite
- Features: Bath in Primary Bedroom
Dining room
- Description: South Facing windows
Utility room
- Description: Plumbed to add full bath
Heating
- Fireplace(s), Wood Stove, Wall Furnace, Passive Solar
Appliances
- Included: Dryer, Electric Water Heater, Gas Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Tile, Wood
- Windows: Insulated Windows
- Number of fireplaces: 1
- Fireplace features: One, Wood Burning Stove
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Gravel Driveway, Other, Shed
Lot
- Size: 1.03 Acres
- Features: Trees
- Topography: CanyonValley
Details
- Additional structures: Studio/Office, Outbuilding
- Parcel number: 8802
- Zoning description: County
- Horses can be raised: Yes
- Horse amenities: Horses Allowed
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Adobe, Frame, Metal Siding, Stucco
- Foundation: Slab
- Roof: Metal,Pitched
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane
Community & HOA
Community
- Membership fee: $0 annually
- Subdivision: None
Location
- Region: Penasco
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $233,796
- Annual tax amount: $2,836
- Date on market: 11/11/2025
- Listing agreement: Exclusive Right To Sell
- Has irrigation water rights: Yes
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $428,000-6.1%$204/sqft |
Source: | ||
| 7/27/2026 | Price change | $456,000+1.6%$217/sqft |
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| 11/11/2025 | Listed for sale | $449,000-5.5%$214/sqft |
Source: | ||
| 10/4/2025 | Listing removed | $475,000$226/sqft |
Source: BHHS broker feed #113427 Report a problem | ||
| 9/13/2025 | Price change | $475,000-2.1%$226/sqft |
Source: | ||
| 6/11/2025 | Listed for sale | $485,000-2%$231/sqft |
Source: | ||
| 11/27/2024 | Listing removed | $495,000$236/sqft |
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| 8/29/2024 | Listed for sale | $495,000+1.5%$236/sqft |
Source: | ||
| 10/10/2023 | Listing removed | -- |
Source: | ||
| 9/15/2023 | Price change | $487,900-4.1%$232/sqft |
Source: | ||
| 9/7/2023 | Listed for sale | $509,000$242/sqft |
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| 8/14/2023 | Pending sale | $509,000$242/sqft |
Source: | ||
| 7/20/2023 | Listing removed | -- |
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| 6/21/2023 | Price change | $509,000-1.7%$242/sqft |
Source: | ||
| 1/26/2023 | Price change | $518,000-1.3%$247/sqft |
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| 1/2/2023 | Listed for sale | $525,000$250/sqft |
Source: | ||
| 11/3/2022 | Pending sale | $525,000$250/sqft |
Source: | ||
| 6/19/2022 | Listed for sale | $525,000+141.9%$250/sqft |
Source: | ||
| 12/12/2018 | Listing removed | $217,000$103/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 10/11/2018 | Pending sale | $217,000$103/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 8/15/2018 | Price change | $217,000-9.2%$103/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 7/30/2018 | Price change | $239,000-4%$114/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
| 6/15/2018 | Listed for sale | $249,000$119/sqft |
Source: Coldwell Banker Trails West #201802465 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $77,932 |
| 2023 | $1,340 +16.4% | $77,932 +3% |
| 2022 | $1,151 +1.6% | $75,662 |
| 2021 | $1,134 +15.4% | $75,662 +2.9% |
| 2020 | $982 +14% | $73,508 +23.6% |
| 2018 | $862 | $59,496 +3% |
| 2017 | $862 +8.2% | $57,763 +3% |
| 2016 | $797 | $56,081 +3% |
| 2014 | -- | $54,448 |
| 2013 | -- | $54,448 +3% |
| 2010 | -- | $52,862 |
Find assessor info on the county website
Monthly payment
Est. payment




