Address
997 New Mexico Highway 65, Montezuma, NM
Price
$ 4,250,000
Property Attributes
- MLS#202503538
- TypeSingle Family
- Listing Status Active
- CountySan Miguel
- CityMontezuma
- Zip87731
- Style
- Year Built2007
- Price$ 4,250,000
- Bedrooms6
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage4200
- Lot Size74.54 Acres
Data Source:
Santa Fe AOR (SFAR)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Las Vegas Elementary School | Las Vegas Middle School | Las Vegas High School |
| Price History | |
|---|---|
| 10/29/2025 | Listed $4,250,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Fireplace(s),Propane,Radiant Floor,Radiant |
| Cooling | None |
| Utilities | High Speed Internet Available,Electricity Available |
| Possession | Closing & Funding |
| Roof | Built-Up,Other,See Remarks |
| Appliances | Dryer,Dishwasher,Gas Cooktop,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Water Heater,Washer |
| Garage Spaces | 2 |
| Architectural Style | Manufactured Home,Multi-Level,Mobile Home,Ranch |
| Pool Features | None |
| Security Features | Dead Bolt(s),Heat Detector,Smoke Detector(s) |
| Construction Materials | Frame,Modular/Prefab |
| Year Built | 2007 |
| Electric | Generator |
| Stories Count | 1 |
| Levels | Two,One,Multi/Split |
| Property Subtype | Single Family Residence |
| Accessibility | Not ADA Compliant |
| County | San Miguel |
| Property Type | Residential |
| HOA | false |
| Attached Garage | true |
| Garage Y/N | true |
| Other Structures | Barn(s),Guest House Detached,Outbuilding,Stable(s),Storage |
| Full Baths | 4 |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | From Santa Fe take I-25 North, Take exit 343 to Las Vegas, Take a left at the exit, Take a left at the exit. Take a left on an NM-329 which is also called New Mexico Avenue. Turn left at the light onto Hot Springs Blvd., continue past the United World College in Montezuma, about a mile past the college, the road will start to climb, continue about another 4.8 miles and you will see the property entrance on your left. Rio de Vega Ranch. |
| High School | Las Vegas |
| City | Montezuma |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3246962.4 |
| Listing Terms | Cash,Conventional,1031 Exchange,New Loan |
| Elementary School | Las Vegas |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Body Type | Double Wide |
| Middle/Junior High School | Las Vegas |
| MLS Area Minor | 28-San Miguel Cnty |
| Lease Considered Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Property Sub Type Additional | Detached,Single Family Residence |
Interior Features
| Interior Amenities | Beamed Ceilings,Interior Steps |
|---|---|
| Flooring | Carpet,Wood |
| Total Fireplaces | 4 |
| Fireplace Features | Wood Burning,Wood BurningStove |
| Basement (Y/N) | false |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Window Features | Insulated Windows |
| Fireplace Y/N | true |
| Half Baths | 1 |
| 3/4 Baths | 1 |
| Total Bedrooms | 6 |
| LivingAreaSource | Assessor |
| Total Baths | 6 |
Exterior Features
| Exterior Amenities | Horse Facilities |
|---|---|
| Parking Features | Attached,Garage |
| Water Source | Private,Well |
| Total Parking | 3 |
| Lot Size Area | 74.54 |
| Foundation Details | Permanent |
| Building Area Total | 6200 |
| Lot Size Acres | 74.54 |
| Lot Size Source | Assessor |
| Waterfront Y/N | true |
| Other Equipment | Fuel Tank(s),Irrigation Equipment,Satellite Dish |
| Horse Y/N | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 87731
Price
Year Built
IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or REMAX EQUiPT. Data last updated: September 21, 2026 9:50 AM UTC
Santa Fe Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
