$1,260,000

36 Penny Ln Las Vegas, NM 87701

$10,000
Closing credit¹
6 beds
4 full, 1 partial
4,528 sqft
42.0 acres
$278 / sqft
House

Property details

About 36 Penny Ln

Tara Ranch is a magical spot of profound quiet and serenity on a mostly flat, fully fenced, 42 acres. From the ranch gate, you drive on a ¼ mile long beautiful private driveway to the house and barn. The main house is a very substantial, well-built 4,500 sq ft home with 12' ceilings, diamond finish plaster walls, arches, large beams throughout and oversized living spaces and rooms to give a very spacious, gracious feel. The state of the art 6 stall “Barn Pros Equestrian Facilities” barn, features a full 1,600 sq ft apartment above it for caretaker or guests. The absolutely gorgeous views of Hermit’s Peak and the adjacent mountaintops offer complete privacy, as the property is surrounded on three sides by a 2,500-acre private ranch. For horse lovers, the 42 acres of great fescue grass are superb for riding, or training, on mostly flat land peppered by trees. The 45X60 ft horse pen is a great addition. The area of Hermit Peak and Johnson Mesa has a huge network of horse and offload trails, all extremely accessible by very well-maintained roads. Located just past the little pueblo of San Geronimo, Tara Ranch is an easy hour from Santa Fe and about half an hour from Las Vegas, NM. Built in 2008, this home is designed on one level with radiant floor heat enjoying nice open main living areas with living, dining and kitchen spaces all relishing the magnificent views. There is easy access to the covered portal for outdoor dining, grilling and enjoying the spectacular vistas. The backyard is fully fenced with decorative pole fencing. A heated 3+ car garage, with direct access to the inside of the home, is a wonderful bonus. The chef’s kitchen; with two ovens, large gas cook top with griddle, two sinks, wild stone granite counters, stainless appliances, huge pantry and plenty of cabinets, is a joy to cook in! The home has a great layout with the master bedroom, media/office and one guest bedroom on the west wing and the other two bedrooms, sharing a Jack and Jill full bath on the east wing. The master bedroom has access to a private covered portal with a 220 hook up should one like a hot tub, and the en- suite his and hers bath has a fabulous Jacuzzi tub in which to soak and look at the mountains, as well as large walk-in closet, two sinks and large shower with genuine coral stone tile. The near bedroom also has a full en suite bath. The barn has its own septic system, 6 stalls with rubber flooring, Tack room/workshop, hay storage, washing space for horses and a 45 X 60 fenced corral. It also has covered parking for an RV which could easily be converted into an additional coral to house horses or livestock in the three stalls that are currently not being used for animals. On the second story above the barn is a spacious 2-bedroom, 1-bath apartment, with a cozy wood burning stove, kitchenette and ample living space. The hand-crafted furniture southwest style currently in the home is also available for purchase, and should one want the two friendly and adorable donkeys, they could stay at no cost. The donkeys have been a fantastic way to keep coyotes off the property! The boiler was replaced in 2024 and the hot water heater in 2022. The private well provides plenty of water and the home also has a water softener. Tara Ranch is truly a special place on every level and a wonderful retreat from the hustle and bustle of town!

Highlights

Home typeSingle Family Residence
HeatingBaseboard, Electric, Propane, Pellet Stove, Radiant Floor, Wood Stove
StatusActive
CoolingNone, Other
Size4,528 sqft
Lot size42 Acres
Year built2008
ParkingAttached, Carport, Direct Access, Garage, Heated Garage, RV Access/Parking
MLS #202501529
Attached garage3 spaces
FireplacePellet Stove, Wood Burning Stove

Summary

  • MLS Number: 202501529
  • MLS Name: SFAOR
  • Office Name: Sotheby's Int. RE/Washington
  • Office Phone: (505) 988-8088
  • Listing Agent: Katherine Blagden, Jackson Blagden

IDXThe 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: 4/24/2025, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring stucco siding, a mountain view, driveway, an attached garage, and metal roof

$1,260,000

36 Penny Ln

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$145,093$3,502
2023$140,867$3,502
2021$117,683$2,786
2017$117,420$2,702

History based on county public records data.

Nearby schools

7

Tony Serna Jr. Elementary School

Public District 4-4

9.7 mi

1725 New Mexico Ave

4

Don Cecilio Martinez Elementary School

Public District 2-3

9.7 mi

412 Santa Fe St

4

Los Ninos Elementary School

Public District KG-3

11.0 mi

474 Legion Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,721. The majority of Las Vegas, NM residents have income less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

49%
<35k
24%
35k-100k
24%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
7%
Single, with Kids
33%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
51%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Monster TrucksMonster Trucks

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • DillardsDillards

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • GMCGMC
  • RamRam
  • ChevroletChevrolet

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • OldiesOldies
All data provided by Home Junction and Claritas

Frequently asked questions

About 36 Penny Ln

This home is located at 36 Penny Ln in Las Vegas, NM and zip code 87701. This 4,528 square foot home, which was built in 2008, sits on a 42.00 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $1,260,000.

In March 2025, from all listings sold in Las Vegas, NM there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price. In March 2025 in Las Vegas, NM there were 12.5% less homes for sale than in February. Listings spent 23 days on the market in March 2025, and had a median list price of $255,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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