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For sale
  • Price cut: $945K (6/9)
    $3,850,000

    5 Penasco Cir, Santa Fe, NM 87506

    4beds
    10,354sqft
    : 
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    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
    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.
    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#: 202600484MLS LogoOriginating 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

      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

        DateEventPrice
        6/9/2026Price change$3,850,000-19.7%$372/sqft
        Source: SFARMLS #202600484 Report a problem
        3/17/2026Listed for sale$4,795,000-0.1%$463/sqft
        Source: SFARMLS #202600484 Report a problem
        1/10/2026Listing removed$4,800,000$464/sqft
        Source: SFARMLS #202501333 Report a problem
        10/13/2025Price change$4,800,000-3%$464/sqft
        Source: SFARMLS #202501333 Report a problem
        4/1/2025Listed for sale$4,950,000$478/sqft
        Source: SFARMLS #202501333 Report a problem
        12/29/2024Listing removed$4,950,000$478/sqft
        Source: SFARMLS #202341273 Report a problem
        8/20/2024Price change$4,950,000-5.7%$478/sqft
        Source: SFARMLS #202341273 Report a problem
        11/2/2023Listed for sale$5,250,000+75.3%$507/sqft
        Source: SFARMLS #202341273 Report a problem
        1/17/2018Sold--
        Source: Agent Provided Report a problem
        5/21/2016Listing removed$2,995,000$289/sqft
        Source: Sotheby's International Realty - Santa Fe - East Palace Brokerage #201601783 Report a problem
        4/26/2016Listed for sale$2,995,000-38.2%$289/sqft
        Source: Sotheby's Int. RE/Palace #201601783 Report a problem
        3/30/2015Listing removed$4,850,000$468/sqft
        Source: Sotheby's International Realty - Santa Fe - Grant Avenue Brokerage #201405418 Report a problem
        11/26/2014Listed for sale$4,850,000-28.7%$468/sqft
        Source: Sotheby's International Realty - Santa Fe - Grant Avenue Brokerage #201405418 Report a problem
        6/17/2012Listing removed$6,800,000$657/sqft
        Source: Sotheby's International Realty - #201104706 Report a problem
        10/7/2011Price change$6,800,000-90%$657/sqft
        Source: Sotheby's International Realty #201104706 Report a problem
        10/4/2011Listed for sale$68,000,000+806.7%$6,568/sqft
        Source: Sotheby's International Realty #201104706 Report a problem
        11/13/2010Listing removed$7,500,000$724/sqft
        Source: Prudential Santa Fe Real Estate #201004078 Report a problem
        7/16/2010Listed for sale$7,500,000-8.5%$724/sqft
        Source: Prudential Santa Fe Real Estate #201004078 Report a problem
        5/14/2010Listing removed$8,200,000$792/sqft
        Source: Prudential Santa Fe Real Estate #902604 Report a problem
        8/8/2009Listed for sale$8,200,000$792/sqft
        Source: Prudential Santa Fe Real Estate #902604 Report a problem
        6/11/2009Listing removed$8,200,000$792/sqft
        Source: Luxury Real Estate #1003013 Report a problem
        5/22/2009Listed for sale$8,200,000$792/sqft
        Source: Luxury Real Estate #1003013 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        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-Dependent

        Nearby schools

        GreatSchools rating
        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.

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