12 La Vega Lamy, NM 87540
Galisteo NeighborhoodEstimated payment $8,917/month
Highlights
- Horses Allowed On Property
- Clubhouse
- Pueblo Architecture
- El Dorado Community School Rated 9+
- Radiant Floor
- 4 Fireplaces
About This Home
Something Old. Something New. Rare Commercial Opportunity.
An exceptional and singular compound in the heart of historic Galisteo, this remarkable property weaves together centuries of heritage with thoughtful modern design. Dating to the 1800s, the 3-bedroom, 2-bath double-adobe Main House once housed the beloved La Mancha Restaurant (1959–1971), where the Ortiz family’s New Mexican cuisine earned widespread acclaim.
Tastefully renovated in 2012, the Main House features new brick floors, interior plaster walls, updated kitchen and baths, added skylights, while honoring the home’s original character, authenticity, and soul.
Complementing the historic residence is a striking studio/gallery building originally designed by award-winning architect Beverly Spears and constructed in 1995 using Rastra construction for gallerist Linda Durham. A comprehensive 2006 remodel transformed the space into an extraordinary studio, gallery, and entertaining venue, featuring soaring 12-foot ceilings, exceptional lighting, integrated sound throughout, a home theater with cork flooring, surround sound and retractable screen, a ¾ bath, and a chef’s kitchen equipped with Wolf, Sub-Zero, Miele, and Fisher & Paykel appliances, Bob Pepper custom cabinetry, amethyst stone countertops and a generous pantry.
The inviting Guest House, built in 2006, offers a warm and comfortable retreat with a living room, bedroom with fireplace, kitchen, and bath, ideal for visitors or extended stays.
Commercially zoned and among the few such properties in Galisteo, this compound presents rare possibilities for a boutique B&B, restaurant, gallery, or creative retreat. Enclosed by historic adobe and stone walls and graced with fruit trees, this truly special offering invites vision, imagination, and opportunity in one of New Mexico’s most cherished villages.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,597
Year Built
- Built in 1787
Lot Details
- 35,066 Sq Ft Lot
- Zoning described as Traditional Community Galisteo Community Overlay
Parking
- 10 Parking Spaces
Home Design
- Pueblo Architecture
- Territorial Architecture
- Flat Roof Shape
- Frame Construction
- Tar and Gravel Roof
- Built-Up Roof
- Bitumen Roof
- Foam Roof
- Stucco
- Adobe
Interior Spaces
- 5,245 Sq Ft Home
- 1-Story Property
- 4 Fireplaces
- Circular Fireplace
- Wood Burning Fireplace
- Insulated Windows
Kitchen
- Oven
- Gas Cooktop
- Dishwasher
Flooring
- Wood
- Brick
- Radiant Floor
- Concrete
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Security Gate
Schools
- El Dorado Com Elementary And Middle School
- Santa Fe High School
Utilities
- Ductless Heating Or Cooling System
- Refrigerated Cooling System
- Cooling System Mounted To A Wall/Window
- Heating System Uses Propane
- Baseboard Heating
- Private Water Source
- Well
- Water Heater
- Fuel Tank
- Septic Tank
- High Speed Internet
Additional Features
- No Interior Steps
- Horses Allowed On Property
Listing and Financial Details
- Assessor Parcel Number 106008488
Community Details
Overview
- No Home Owners Association
- Association Owns Recreation Facilities
Amenities
- Clubhouse
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,597 | $1,239,654 | $84,768 | $1,154,886 |
| 2024 | $8,822 | $1,261,287 | $83,404 | $1,177,883 |
| 2023 | $8,831 | $1,224,551 | $80,975 | $1,143,576 |
| 2022 | $3,797 | $524,438 | $59,701 | $464,737 |
| 2021 | $3,724 | $169,721 | $19,320 | $150,401 |
| 2020 | $3,641 | $164,778 | $18,758 | $146,020 |
| 2019 | $3,569 | $159,979 | $18,211 | $141,768 |
| 2018 | $3,477 | $155,320 | $17,681 | $137,639 |
| 2017 | $3,358 | $150,796 | $17,166 | $133,630 |
| 2016 | $3,152 | $146,404 | $16,667 | $129,737 |
| 2015 | $3,091 | $142,140 | $16,667 | $125,473 |
| 2014 | $2,927 | $137,862 | $16,650 | $121,212 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2026 06/30/26 | Price Changed | $1,495,000 | -6.3% | $285 / Sq Ft |
| 01/14/2026 01/14/26 | For Sale | $1,595,000 | -- | $304 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Quiet Title Co Llc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $450,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Santa Fe Association of REALTORS®
MLS Number: 202600117
APN: 106008488
- 18 & 20 La Vega
- 17 The Hill
- 5581 State Highway 41
- 11 Avenida Vieja
- 39 Camino Los Angelitos
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Ask me questions while you tour the home.