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997 New Mexico Highway 65

Montezuma, NM 87731
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Bed 6

Bed

Bath 6

Bath

SqFt4,200

Sqft

Acres74.54

Acres(Lot)

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 structu re. 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.

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Detail Ic Property Details

Property Type : Residential

Price : $4,250,000

AD Id : 66330238

MLS Id : 202503538

Beds : 6

Lot Size : 74.54 Acres

Living Area Size : 4,200

Year Built : 2007

Garage : 2

County : San Miguel

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 6 Full Baths: 4 Half Baths: 1
  • Flooring Information

    Carpet, Wood
  • Roofing Information

    Built-Up, Other, See Remarks
  • Interior Features

    Beamed Ceilings Roof: Built-Up, Other, See Remarks Appliances: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer Window Features: Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Fireplace(s), Propane, Radiant Floor, Radiant Cooling: None Water front: 1

  • Building Information

    Year Built: 2007 Building Area Total: 6200 Construction Materials: Frame Stories: 1 Pool Features: None Private Pool: No

  • Lot Information

    Main Square Feet: 74.54 Acres Lot Size Acres: 74.54 Lot Size Source: Assessor Lot Size Square Feet: 3246962.4 Lot Description: Waterfront

  • Listing Price Information

    Listing Price: $4250000 Cash, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 1-087-098-430-110 Tax Legal Desc: As per title binder.

  • Parking Information

    Parking Total: 3 Attached, Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Las Vegas
    Junior High School: Las Vegas
    Senior High School: Las Vegas
  • Utility Information

    Electricity Available
  • Location Information

    Direction: 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. WaterSource: Private, Well Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2 El Paraiso Drive, Montezuma, NM, 87731 $625,000 2 2 1,600 1,600 SqFt

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ByOwner last updated this listing 06/20/2026 @ 03:19

MLS: 202503538 LISTED BY: Ryan Ferguson, Sotheby's Int. RE/Washington 505-988-8088 SOURCE: Santa Fe Association of REALTORS

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