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PendingPrice cut: $945K (6/9)
$3,850,000
4beds
10,354sqft

5 Penasco Cir, Santa Fe, NM 87506

4beds
10,354sqft
Single family residence
Built in 2003
2.30 Acres
2 Attached garage spaces
$372 price/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.

164 days
|
714
|
22
|
Source: SFARMLS,MLS#: 202600484MLS LogoOriginating MLS: Santa Fe Association of REALTORS
Travel times

Living Room

Kitchen

Dining Room

Study

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

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: $4,676,290
  • Annual tax amount: $23,215
  • Date on market: 3/17/2026
  • Listing terms: Cash,Conventional,1031 Exchange,New Loan

Price history

DateEventPrice
8/24/2026Pending sale$3,850,000$372/sqft
Source: SFARMLS #202600484 Report a problem
7/22/2026Listed for sale$3,850,000$372/sqft
Source: SFARMLS #202600484 Report a problem
7/16/2026Pending sale$3,850,000$372/sqft
Source: SFARMLS #202600484 Report a problem
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
2025$23,215 +2.1%$3,353,713 +3%
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
$21,823/mo
Principal & interest
$19854
Property taxes
$1604
HOA Fees
$365
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Las Campanas

Nearby schools

Gonzales Elementary School
Grades K-8 • 5.6 miles
8/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
10/10

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