Pending

1000 La Joya St

Espanola, NM 87532
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SqFt506,167

Sqft(Lot)

**MLS Property Description (Approx. 500 Words)** Exceptional opportunity to acquire approximately **11.33 acres** of prime residential development land in Española, New Mexico. Strategically located within the thriving Santa Fe–Española–Los Alamos corridor, this property offers developers and investors the chance to capitalize on one of Northern New Mexico's most underserved housing markets. Zoned **R-6 Urban Residential**, the site provides outstanding potential for a variety of residential development options, including townhomes, duplexes, condominiums, or other permitted residential uses, subject to buyer verification and governmental approvals. A conceptual development plan has been prepared illustrating the potential for approximately **66 townhouse-style residential units**, p roviding an excellent starting point for developers seeking to meet the growing demand for quality housing in the region. The property's size, zoning, and location make it well suited for a thoughtfully designed residential community that serves both local residents and professionals employed throughout Northern New Mexico. Positioned just minutes from downtown Española and approximately 22 miles from Los Alamos National Laboratory, the property benefits from one of the state's strongest economic drivers. Los Alamos National Laboratory continues to support thousands of high-quality jobs while contributing significantly to the regional economy. Combined with the employment opportunities found in Santa Fe and Española, this creates a strong demand for additional housing options throughout the area. The property has remained in the same family for generations and has historically been utilized for agricultural and grazing purposes. Today, it represents a rare opportunity to transform a large infill parcel into a vibrant residential neighborhood. The site offers attractive mountain views, a relatively level topography, and convenient access to schools, shopping, restaurants, healthcare facilities, and major transportation routes, making it an ideal location for future residents. The offering also includes valuable due diligence materials designed to help streamline the development process. Available information includes a conceptual site plan, appraisal, Phase I Environmental Site Assessment, market analysis, and preliminary financial analysis, allowing qualified purchasers to evaluate the property's development potential with confidence. Northern New Mexico continues to experience a significant housing shortage, creating favorable market conditions for new residential construction. Española sits at the center of a regional employment triangle connecting Santa Fe, Los Alamos, and surrounding communities, making it an increasingly attractive location for workforce and market-rate housing alike. As residential demand continues to outpace supply, opportunities to acquire development-ready land of this size and quality are becoming increasingly limited. Whether your vision includes a build-to-rent community, for-sale townhomes, workforce housing, or another residential development concept, this exceptional property provides the location, scale, and development potential necessary to bring your project to life. Rarely does an opportunity arise to acquire over 11 acres of residentially zoned land in such a strategic Northern New Mexico location. Developers and investors seeking long-term growth potential are encouraged to explore everything this outstanding property has to offer.

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Detail Ic Property Details

Property Type : Land

Price : $495,000

AD Id : 82901445

MLS Id : 202602591

Lot Size : 506,167 Sqft(Lot)

County : Santa Fe

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Feature Features

  • Lot Information

    Main Square Feet: 506167 Acres Lot Size Acres: 506167 Lot Size Source: Public Records Lot Size Square Feet: 22048634520

  • Listing Price Information

    Listing Price: $495000 Original Price: $300000 Cash

  • Tax Information

    Parcel Number: 174655616 Tax Legal Desc: TR-267 & 267A, NE S2 T20N R 8E, 11.62 AC IRRIGATED LAND

  • School Information

    Elementary School: Tony E. Quintana Elelmentary
    Junior High School: Carlos F. Vigil Espanola Middle School
    Senior High School: Espanola Valley High
  • Location Information

    WaterSource: Other, See Remarks
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
84/285 Hennigan #LOT C, Espanola, NM, 87532 $300,000 -- -- -- 5.28 Acres(Lot)
TBD Calle Juan Jose Vigil, Espanola, NM, 87532 $40,000 -- -- -- 0.53 Acre(Lot)
6 La Resolana, Espanola, NM, 87532 $350,000 -- -- -- 5 Acres(Lot)
1432 Camino De Los Sanc.., Espanola, NM, 87532 $200,000 -- -- -- 0.91 Acre(Lot)
LOT 7 Montana Vista Str.., Espanola, NM, 87532 $120,000 -- -- -- 0.29 Acre(Lot)
LOT 3A Montana Vista St.., Espanola, NM, 87532 $115,000 -- -- -- 0.29 Acre(Lot)
LOT 3B Montana Vista S.., Espanola, NM, 87532 $115,000 -- -- -- 0.29 Acre(Lot)
441 E Laguna St St, Espanola, NM, 87532 $135,000 -- -- -- 0.62 Acre(Lot)

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ByOwner last updated this listing 09/01/2026 @ 15:56

MLS: 202602591 LISTED BY: Anita Maestas, Maestas Real Estate 505-463-3565 SOURCE: Santa Fe Association of REALTORS

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