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For sale
  • $4,250,000

    997 New Mexico Hwy #65, Montezuma, NM 87731

    6beds
    6,200sqft
    : 
    $26,281/mo
    Get pre-qualified
    Manufactured Home, Single Family Residence
    Built in 2007
    74.54 Acres Lot
    $3,828,300 Zestimate®
    $685/sqft
    $-- HOA

    What's special

    Abundant waterRebuilt powered chicken houseMultiple storage structuresTeak-floored storage containersPine sidingScenic landscapeAlder doors
    Rio de Vega is a remarkable 74.54-acre legacy estate offering unmatched natural beauty, abundant water, and exceptional infrastructure just minutes from Las Vegas, NM and the United World College. Known to the family as “The Playground,” this property blends comfort, creativity, and Northern New Mexico wilderness in a way that is truly rare. The custom 4,200 sq. ft. main residence—originally a barn kit—was transformed into a warm, refined home by designer Pedro Marquez, featuring pine siding, alder doors, and thoughtful architectural detail throughout. A 2,000 sq. ft. guesthouse provides additional space and privacy with its own 500-gallon propane tank and independent septic system. A third septic and 220 electric are already installed, creating a ready site for a future home or structure. The 2,610 sq. ft. drive-through barn is a standout feature, built atop teak-floored storage containers and framed with canyon-harvested red fir. Additional outbuildings include a rebuilt, powered chicken house and multiple storage structures. Water is one of the property’s greatest assets, with nearly half a mile of Gallinas River frontage, three ponds (including spring-fed and bentonite-sealed), and a water table only 6 feet deep. Jersey barriers along the riverbank help protect the property during high-water events. High-speed internet, a Cummins generator, and year-round access support easy, reliable living. The land is alive with incredible wildlife, including elk, deer, turkey, and other native species that frequent the property daily. Rio de Vega also comes with existing elk tags, and per the seller, landowners apply annually to the New Mexico Department of Game & Fish for E-Plus Landowner Permits—a process the current owner has never had difficulty obtaining. With its scenic landscape, strong infrastructure, abundant water, and exceptional recreational potential, Rio de Vega is a rare opportunity to own a truly special Northern New Mexico estate.
    366 days
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    253
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    12
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan D. Ferguson 505-570-2028,

    Sotheby's Int. RE/Washington 505-988-8088

    Source: SFARMLS,MLS#: 202503538MLS LogoOriginating MLS: Santa Fe Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 4
      • 3/4 bathrooms: 1
      • 1/2 bathrooms: 1
      Heating
      • Fireplace(s), Propane, Radiant Floor, Radiant
      Cooling
      • None
      Appliances
      • Included: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
      Features
      • Beamed Ceilings, Interior Steps
      • Flooring: Carpet, Wood
      • Windows: Insulated Windows
      • Has basement: No
      • Number of fireplaces: 4
      • Fireplace features: Wood Burning, Wood BurningStove
      Interior area
      • Total structure area: 6,200
      • Total interior livable area: 6,200 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: Not ADA Compliant
      Features
      • Levels: Two,Multi/Split
      • Stories: 1
      • Exterior features: Horse Facilities
      • Pool features: None
      • On waterfront: Yes
      Lot
      • Size: 74.54 Acres
      Details
      • Additional structures: Barn(s), Guest House Detached, Outbuilding, Stable(s), Storage
      • Parcel number: 1087098430110
      • Special conditions: Standard
      • Other equipment: Fuel Tank(s), Irrigation Equipment, Satellite Dish
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Manufactured Home,Multi-Level,Mobile Home,Ranch
      • Property subtype: Manufactured Home, Single Family Residence
      Materials
      • Frame, Modular/Prefab
      • Foundation: Permanent
      • Roof: Built-Up,Other,See Remarks
      Condition
      • Year built: 2007

      Utilities & green energy

      • Electric: Generator
      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: High Speed Internet Available, Electricity Available

      Community & HOA

      Community
      • Security: Dead Bolt(s), Heat Detector, Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Montezuma

      Financial & listing details

      • Price per square foot: $685/sqft
      • Date on market: 8/5/2025
      • Listing terms: Cash,Conventional,1031 Exchange,New Loan
      • Electric utility on property: Yes
      • Body type: Double Wide
      Ryan Ferguson

      (505) 570-2028

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        Estimated market value

        $3,828,300

        $3.60M - $4.06M

        $6,481/mo

        Price history

        DateEventPrice
        8/5/2025Listed for sale$4,250,000$685/sqft
        Source: SFARMLS #202503538 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

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        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: 87731

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Las Vegas
        • Middle: Las Vegas
        • High: Las Vegas

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