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36 Penny Lane
Las Vegas, NM 87701
1 day ago
NEW
$995,000
Active
6
Beds
6
Baths
3
Garage
6,121
Sqft
42
Acres
MLS# 202604344
Cumulative Days on Market: Less than 1 · Includes prior listings · Currently listed since 10/08/26 · Data provided by the MLS.

Property Description

Welcome to Tara Ranch, an exceptional 42-acre Northern New Mexico retreat offering privacy, sweeping mountain views, equestrian amenities and remarkable versatility just beyond San Geronimo. Fully fenced and surrounded on three sides by a 2, 500-acre private ranch, the property enjoys spectacular views of Hermit’s Peak and surrounding mountains, with mature trees and open spaces ideal for horses, grazing and recreation. A gated entrance and picturesque quarter-mile private drive lead to the substantial single-level residence, built in 2008. Soaring 12' ceilings, diamond-finish plaster walls, substantial wood beams and graceful arches create classic Southwestern character, while generous living, dining and kitchen spaces open to a covered portal for outdoor dining and enjoying the views. The chef’s kitchen features two ovens, a gas cooktop with griddle, dual sinks, granite counters, stainless appliances and large pantry. Five bedrooms and 3.5 baths include a spacious primary suite with private portal, walk-in closet and bath with soaking tub, walk-in shower and dual vanities. Radiant-floor heat, a heated 3+ car garage, private well and water softener add comfort and practicality. The impressive Barn Pros equestrian facility offers six stalls, tack / workshop space, hay storage, horse wash area, covered RV storage and a 45'x60' corral. Above the barn, an approx. 1, 593 sq. ft. 2-bedroom, 1-bath barndominium offers a kitchen, expansive living / dining area, high ceilings, wood-burning stove and front and rear porches. Two storage sheds and mostly level acreage add flexibility, with room for additional structures or casitas, subject to approvals. A rare combination of privacy, usable land, flexible living spaces and spectacular Northern New Mexico scenery.

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Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Architectural Style
Ranch
Bedrooms
6
Total Bathrooms
6
Living Area
4,528 Sqft
Price / Sqft
$220
Acres
42
Year Built
2008

Location

City/Township
Las Vegas
County
San Miguel

Property Details

Price
$995,000
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Levels
One
Stories For Sale
1
Total Area
6,121

Community

Local Schools

Elementary School
Luis E Armijo Elementary
Middle School
West Las Vegas
High School
West Las Vegas High

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
6
Full Bathrooms
4
1/2 Bathrooms
1
3/4 Bathrooms
1
Bedrooms
6

Area and Spaces

Living Area
4,528 Sqft

Appliances

Appliances
Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Heater, Washer

Interior Features

Interior Features
Beamed Ceilings, No Interior Steps
Flooring
Carpet, Concrete, Tile, Wood
Accessibility Features
Not Ada Compliant
Window Features
Insulated Windows
Security Features
Dead Bolts, Heat Detector, Smoke Detectors
Electic
Generator, Underground, Volts220
Fireplace Features
Pellet Stove, Wood Burning

Heating and Cooling

Heating Features
Baseboard, Electric, Pellet Stove, Radiant Floor, Wood Stove
Has Fireplace
Yes
Fireplaces
2

Building Details

Construction

Architectural Style
Ranch
Year Built
2008

Materials

Construction Materials
Frame, Stucco
Roof
Metal

Terms

Terms

Special Conditions
Standard
Special Terms
Cash, Conventional, Exchange1031, New Loan

Heating, Cooling & Utilities

Cooling Features
None, Other, See Remarks

Utilities

Utilities
High Speed Internet Available, Other, Electricity Available
Sewer
Septic Tank
Water Source
Private, Well

Lot

Acres
42
Lot Size
42
Lot Size Area Sq Ft
1,829,520

Exterior Features

Exterior Features
Horse Facilities
For Horses
Yes

Parking

Total Parking Spaces
10
Garage Capacity
3
Parking Features
Attached, Carport, Direct Access, Garage, Heated Garage, Rv Access Parking

Pool Features

Pool Features
None
Listed by Sotheby's Int. RE/Washington
Listing Data last updated 10/08/2026 04:00 pm
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Property History

Today
Status Active. This is the date the listing was placed on market.
Today
Property information last updated
Cumulative Days on Market: Less than 1 days (includes prior listings) · Currently listed since October 8, 2026. Data provided by the MLS.

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