Welcome to 5 Penasco Circle, one of the most exciting estates in Santa Fe, this captivating estate impresses with commanding architecture, majestic mountain views and superior craftsmanship. Privately sited on a premiere 2.3-acre homesite within the famed Las Campanas community, this tour de force home by Turner Lechner & Romero, perfectly blends contemporary design with Northern New Mexico high desert luxury. The gallery-like formal living room stuns and welcomes as a grand centerpiece, flowing into a dining room encased in sheets of glass beneath an iconic hogan-style ceiling, framing surreal Jemez Mountain sunsets. At the heart of the home lies a professional-grade chef’s kitchen, an epicurean sanctuary featuring high-performance luxury appliances, walk-in pantry, butler’s pantry, and a breakfast bar that anchors the home’s casual living and breakfast areas. The primary wing is a sanctuary of refined comfort, offering dual bedroom options with ensuite baths, two private offices, and stone-surround fireplaces—all opening to secluded courtyard living spaces. Three total walk-in closets ensure ample storage for the most discerning homeowner. Guests enjoy ultimate privacy in a dedicated wing featuring a spacious ensuite bedroom, plus two additional guest suites with private entrances. Additional design features include a separate media room/den with its own bath and an attached heated studio. Exceptional craftsmanship is showcased throughout the single-level interior, from quality plaster walls and rare massive vigas to curated natural stone and hardwood flooring. The outdoor experience is unrivaled, featuring vast entertaining areas, deep covered portals, and two covered entry portcacheres. A welcoming front courtyard leads to a rooftop deck providing 360-degree vistas of the high-desert landscape. With extensive guest parking and a tranquil, park-like setting, this estate represents the ultimate Santa Fe and Las Campanas lifestyle.
For sale
Price cut: $945K (6/9)
$3,850,000
5 Penasco Cir, Santa Fe, NM 87506
4beds
10,354sqft
Single Family Residence
Built in 2003
2.3 Acres Lot
$-- Zestimate®
$372/sqft
$365/mo HOA
What's special
Stone-surround fireplacesMajestic mountain viewsExtensive guest parkingCommanding architectureWelcoming front courtyardSurreal jemez mountain sunsetsAttached heated studio
- 113 days |
- 901 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
Richard L. Allen 505-470-8233,
Sotheby's Int. RE/Washington 505-988-8088,
Tara S. Earley 505-660-1734,
Sotheby's Int. RE/Washington
Source: SFARMLS,MLS#: 202600484
Originating MLS: Santa Fe Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 7
- Full bathrooms: 4
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Ductless, Electric, Radiant
Cooling
- Ductless, Refrigerated
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, See Remarks, Washer
Features
- Beamed Ceilings, Interior Steps, Central Vacuum
- Flooring: Stone, Tile, Wood
- Has basement: No
- Number of fireplaces: 11
- Fireplace features: Wood Burning
Interior area
- Total structure area: 10,354
- Total interior livable area: 10,354 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Attached, Carport, Garage, Heated Garage
- Attached garage spaces: 2
- Has carport: Yes
Accessibility
- Accessibility features: Not ADA Compliant
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 2.3 Acres
Details
- Parcel number: 940001135
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Pueblo
- Property subtype: Single Family Residence
Materials
- Adobe
- Roof: Flat,Foam,Membrane
Condition
- Year built: 2003
Details
- Builder name: Barranca
Utilities & green energy
- Electric: 220 Volts
- Sewer: Community/Coop Sewer
- Utilities for property: High Speed Internet Available
Community & HOA
Community
- Subdivision: Las Campanas
HOA
- Has HOA: Yes
- Amenities included: Gated
- Services included: Common Areas, Recreation Facilities, Road Maintenance, Security
- HOA fee: $1,095 quarterly
Location
- Region: Santa Fe
Financial & listing details
- Price per square foot: $372/sqft
- Tax assessed value: $4,458,669
- Annual tax amount: $23,215
- Date on market: 3/17/2026
- Listing terms: Cash,Conventional,1031 Exchange,New Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $3,850,000-19.7%$372/sqft |
Source: | ||
| 3/17/2026 | Listed for sale | $4,795,000-0.1%$463/sqft |
Source: | ||
| 1/10/2026 | Listing removed | $4,800,000$464/sqft |
Source: | ||
| 10/13/2025 | Price change | $4,800,000-3%$464/sqft |
Source: | ||
| 4/1/2025 | Listed for sale | $4,950,000$478/sqft |
Source: | ||
| 12/29/2024 | Listing removed | $4,950,000$478/sqft |
Source: | ||
| 8/20/2024 | Price change | $4,950,000-5.7%$478/sqft |
Source: | ||
| 11/2/2023 | Listed for sale | $5,250,000+75.3%$507/sqft |
Source: | ||
| 1/17/2018 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 5/21/2016 | Listing removed | $2,995,000$289/sqft |
Source: Sotheby's International Realty - Santa Fe - East Palace Brokerage #201601783 Report a problem | ||
| 4/26/2016 | Listed for sale | $2,995,000-38.2%$289/sqft |
Source: Sotheby's Int. RE/Palace #201601783 Report a problem | ||
| 3/30/2015 | Listing removed | $4,850,000$468/sqft |
Source: Sotheby's International Realty - Santa Fe - Grant Avenue Brokerage #201405418 Report a problem | ||
| 11/26/2014 | Listed for sale | $4,850,000-28.7%$468/sqft |
Source: Sotheby's International Realty - Santa Fe - Grant Avenue Brokerage #201405418 Report a problem | ||
| 6/17/2012 | Listing removed | $6,800,000$657/sqft |
Source: Sotheby's International Realty - #201104706 Report a problem | ||
| 10/7/2011 | Price change | $6,800,000-90%$657/sqft |
Source: Sotheby's International Realty #201104706 Report a problem | ||
| 10/4/2011 | Listed for sale | $68,000,000+806.7%$6,568/sqft |
Source: Sotheby's International Realty #201104706 Report a problem | ||
| 11/13/2010 | Listing removed | $7,500,000$724/sqft |
Source: Prudential Santa Fe Real Estate #201004078 Report a problem | ||
| 7/16/2010 | Listed for sale | $7,500,000-8.5%$724/sqft |
Source: Prudential Santa Fe Real Estate #201004078 Report a problem | ||
| 5/14/2010 | Listing removed | $8,200,000$792/sqft |
Source: Prudential Santa Fe Real Estate #902604 Report a problem | ||
| 8/8/2009 | Listed for sale | $8,200,000$792/sqft |
Source: Prudential Santa Fe Real Estate #902604 Report a problem | ||
| 6/11/2009 | Listing removed | $8,200,000$792/sqft |
Source: Luxury Real Estate #1003013 Report a problem | ||
| 5/22/2009 | Listed for sale | $8,200,000$792/sqft |
Source: Luxury Real Estate #1003013 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $22,733 -0.1% | $3,256,033 +3% |
| 2023 | $22,755 +2.6% | $3,161,198 +3% |
| 2022 | $22,176 +2% | $3,069,125 +3% |
| 2021 | $21,747 +1.5% | $2,979,734 +206.8% |
| 2020 | $21,418 +1.3% | $971,211 +2.3% |
| 2019 | $21,148 +16.8% | $949,825 +17.5% |
| 2018 | $18,099 | $808,561 +3% |
| 2017 | $18,099 +3.8% | $785,011 +3% |
| 2016 | $17,435 | $762,147 +3% |
| 2015 | $17,435 +8.6% | $739,948 +3.1% |
| 2014 | $16,048 +18.2% | $717,678 |
| 2013 | $13,581 +1.6% | -- |
| 2012 | $13,368 -0.9% | -- |
| 2011 | $13,496 +1% | -- |
| 2010 | $13,366 +8% | -- |
| 2009 | $12,377 +3.9% | -- |
| 2008 | $11,912 -4% | -- |
| 2005 | $12,414 -18.3% | -- |
| 2004 | $15,197 -7.2% | -- |
| 2003 | $16,368 +1257.1% | -- |
| 2002 | $1,206 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Las Campanas
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 8/10Gonzales Elementary SchoolGrades: K-8Distance: 5.6 mi
- NASanta Fe EngageGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Gonzales
- Middle: Gonzales
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- Santa Fe County
- Santa Fe
- 87506
- Las Campanas
- 5 Penasco Cir






