196 Circle Dr Santa Fe, NM 87501
Property details
About 196 Circle Dr
Experience the rare opportunity to own a meticulously restored piece of Santa Fe’s history. Just minutes from the Plaza, Casa Alegre, originally built in 1931 by Governor John Dempsey, stands as a timeless adobe estate that seamlessly blends historic charm with modern sophistication. Set on 11 breathtaking acres, this exceptional property features a stately six-bedroom main residence, exquisitely renovated to preserve its architectural integrity while incorporating the finest contemporary comforts. Three private guest houses provide additional generous accommodations, making this an ideal retreat for family, friends and distinguished guests. The estate’s resort-like grounds are a true sanctuary, featuring a heated outdoor pool, a private tennis court and stone-lined walking trails that wind through the lush landscape. The grounds include an abundance of trees, along with a bountiful organic garden and orchard. An aggregate of 20 fireplaces are experienced throughout the estate. Steeped in history, Casa Alegre has been home to a succession of distinguished owners following Governor Dempsey, including an heir to the Weyerhaeuser timber fortune and a member of the Martini & Rossi family. Following a period of limited enhancement, Robert and Miriam Knutson, founders of Education Management Corporation, embarked on a four and a half-year, $18 million restoration of the compound in 2004, enlisting master artisans, architects, and craftsmen to revive the estate to perfection. Their meticulous efforts ranged from restoring infrastructure, building intricate rock walls, to curating 64 distinct window styles that honor the home’s original character. Lovingly maintained by its current owners, Casa Alegre has served as the backdrop or cherished family gatherings and elegant philanthropic events. A rare jewel in Santa Fe’s real estate landscape, this extraordinary estate offers an unrivaled opportunity to own a piece of history, beautifully reimagined for modern luxury living.
Highlights
Summary
- Partial Bathrooms: 4
- Full Bathrooms: 7
- Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Heater, Water Purifier, Washer
- Basement: Yes
- Flooring Type: Brick, Stone, Vinyl, Wood
- Interior: Beamed Ceilings, Interior Steps, Wine Cellar
- Fireplace: Kiva, Wood Burning
- Total Bedroom Count: 10
- Garage Space: 6 spaces
- Attached Garage: No
- Parking: Detached, Garage
- Architectural Style: Pueblo
- Heating: Forced Air, Fireplace(s), Natural Gas, Radiant Floor
- Cooling: Central Air, Separate Meters
- List Price: $15,000,000
- Price/SqFt: $1,805
- Annual Tax Amount: $40,293
- Tax Year: 2023
- Lot: Irrigation System
- Directions: North on Bishop's Lodge Rd, turn left on Circle Drive, house is on the left.
- Year Built: 1930
- Stories: 2
- Living Area: 8,306 SqFt
- Lot Size: 11.3 Acres
- MLS Number: 202501197
- MLS Name: SFAOR
- Office Name: Barker Realty, LLC
- Office Phone: (505) 982-9836
- Office Email: reception@santaferealestate.com
- Listing Agent: Stephanie Duran, Amanda Erwin
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. 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. 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.
Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$15,000,000
196 Circle Dr
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,711,192 | $40,293 |
| 2022 | $1,661,352 | $39,402 |
| 2021 | $1,612,963 | $39,402 |
| 2020 | $1,623,027 | $39,001 |
| 2019 | $1,262,539 | $30,812 |
| 2018 | $1,225,766 | $30,133 |
| 2017 | $1,190,064 | $29,376 |
History based on county public records data.
Nearby schools
8
Carlos Gilbert Elementary School
Public District KG-6
2.4 mi
•300 Griffin St
5
Tesuque Elementary School
Public District KG-6
2.8 mi
•Bishops Lodge Rd
8
Acequia Madre Elementary School
Public District KG-6
2.9 mi
•700 Acequia Madre
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $134,451. Residents of Santa Fe, NM typically earn between $100k-200k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Figure Skating
Where do the neighbors shop?
Stein Mart
BJs Wholesale Club
Best Buy
Where do the neighbors go to eat?
Bob Evans
Cracker Barrel
Panera
What do the neighbors drive?
Lincoln
Lexus
Infiniti
What do the neighbors listen to?
News/Talk/Information
Oldies
Adult Hits
Frequently asked questions
About 196 Circle Dr
The listing price of 196 Circle Dr property is $15,000,000.
The property 196 Circle Dr is a house located in Santa Fe, New Mexico, 87501.
Active Listing: 196 Circle Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 196 Circle Dr are: Carlos Gilbert Elementary School (GreatSchools Rating 8/10), Tesuque Elementary School (GreatSchools Rating 5/10), Acequia Madre Elementary School (GreatSchools Rating 8/10), Gonzales Elementary School (GreatSchools Rating 5/10), Aspen Community School (GreatSchools Rating 4/10), Milagro Middle School (GreatSchools Rating 2/10), New Mexico School for the Arts (GreatSchools Rating 8/10), Mandela International Magnet (Mims) (GreatSchools Rating 9/10), Santa Fe High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $40,293 (source: MLS/based on county public records data).
The property at 196 Circle Dr has 10 bedrooms and 7 full and 4 half bathrooms.
The property 196 Circle Dr is 8,306 SqFt (source: MLS/tax record).
The year of construction for 196 Circle Dr is 1930.
This home is located at 196 Circle Dr in Santa Fe, NM and zip code 87501 in the Vista Encantada neighborhood. This 8,306 square foot home, which was built in 1930, sits on a 11.30 acre lot. Features: 10 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since April 1, 2025 and is currently priced at $15,000,000.
In March 2025, from all listings sold in Santa Fe, NM there were more than 17 sold above asking price, over 105 sold below and more than 35 were sold right at the asked price. In March 2025 in Santa Fe, NM there were 4.7% more homes for sale than in February. While the average time on the market in March 2025 was 54 days, the median list price was $628,578.