$4,799,999
$699K PRICE DROP

169 Elk Dr Chama, NM 87520

Estimated payment $25,709/month

Total Views 28,671
4 Beds
-- Bath
3,800 Sq Ft
$1,263 Price per Sq Ft

Highlights

  • Barn
  • Mountainous Lot
  • Separate Outdoor Workshop
  • 400 Acre Lot
  • Wooded Lot
  • No Interior Steps

About This Home

Palomino Pines Ranch – 400 Acres of Mountain Luxury, Set at over 8,000 feet in the Southern Rockies, Palomino Pines Ranch spans 400 private acres of rolling meadows, pine forest, and sweeping 360-degree mountain views, offering a rare combination of privacy, beauty, and luxury. This is a true legacy mountain estate designed for those who want space, serenity, and the freedom of the Western lifestyle. The custom-built main residence features approximately 3,400 square feet of refined mountain living, highlighted by riverbed stone accents, soaring wood beams, antlered lighting, and rich chestnut floors. A gourmet kitchen with custom cabinetry, granite counters, and stainless-steel appliances flows into warm, inviting living areas and outdoor patios perfect for entertaining and enjoying the endless views. A large heated garage and workshop provides space for vehicles and recreational equipment and includes additional heated living quarters ideal for guests, caretakers, or a private office. There is also approximately 1,000 square feet of additional living space in a separate garage for flexible use. For equestrian enthusiasts, the property includes a 13,000-square-foot heated indoor riding arena with nine stalls and heated living quarters, an Olympic-style outdoor arena, additional outdoor stables, expansive riding areas, and multiple steel-fenced pastures — all designed for year-round enjoyment in total privacy. The estate also features ponds, water tanks, RV hookups, and a private pet retreat with fencing, shelter, and run space. Built as a true forever home, no expense was spared in creating a ranch that balances luxury, function, and natural beauty. With 330 acres recently added, bringing the total to 400 acres, Palomino Pines Ranch offers an extraordinary opportunity to own one of Northern New Mexico’s most private and impressive mountain estates.

Listing Agent

David Cordova

Sotheby's Int. RE/Grant License #49328 Listed on: 07/25/2025

Sotheby's Int. RE/Grant

Property Details

Property Type

  • Other

Lot Details

  • 400 Acre Lot
  • Property fronts a private road
  • Dirt Road
  • Electric Fence
  • Mountainous Lot
  • Wooded Lot
  • Property is zoned RAC,Rural Residential

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • 3,800 Sq Ft Home
  • Farm

Schools

  • Chama Elementary And Middle School
  • Escalante High School

Farming

  • Barn
  • Grain Storage

Utilities

  • Three-Phase Power
  • 220 Volts
  • Private Water Source
  • Well
  • Septic Tank

Additional Features

  • 4 Bedrooms
  • No Interior Steps
  • Separate Outdoor Workshop

Community Details

  • Association fees include common areas, road maintenance

Listing and Financial Details

  • Assessor Parcel Number 1-012-181-080140

Property Details

Property Type

Other

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Property Sub Type: Farm
  • Prop. Type: Farm
  • Road Surface Type: Dirt, Gravel, Unimproved
  • Directions: From Santa Fe- Go N on US84/US285 for 110 miles. Turn left on US 64W and go 74 miles. Turn right on 64W/US84W and go 14 miles. Turn left on 64W/US 84W and go 5.4 miles. Turn left on Deer Trail and go 0.8 miles. Turn left on Elk Drive and go 0.2 miles.
  • Garage Yn: No
  • Habitable Residence: Yes
  • Property Sub Type Additional: Farm,Ranch
  • Special Features: None

Interior Features

  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: No Interior Steps
  • Living Area: 3400.0

Exterior Features

  • Lot Features: Other, See Remarks, Wooded
  • Waterfront Features: Other, See Remarks
  • Waterfront: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Exterior Features: Fence, Rain Gutters
  • Other Structures: Barn(s), Grain Storage, Workshop

Utilities

  • Electric: 3 Phase, 220 Volts
  • Utilities: Electricity Available
  • Security: Surveillance System
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association #2 Fee Frequency: Annually
  • Association Fee: 425.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance

Schools

  • Elementary School: Chama
  • High School: Escalante High School
  • Middle Or Junior School: Chama

Lot Info

  • Lot Size Acres: 400.0
  • Zoning: RAC,Rural Residential
  • Fencing: Electric, Other
  • Topography: Mountainous
  • Land Lease: No
  • Lot Size Sq Ft: 17424000
  • Parcel #: 1-012-181-080140

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Tax History

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 $8,982 $339,549 $33,402 $306,147
2024 $8,982 $329,659 $32,585 $297,074
2023 $7,890 $241,103 $32,190 $208,913
2022 $5,257 $234,081 $31,252 $202,829
2021 $4,619 $227,262 $30,342 $196,920
2020 $4,065 $220,643 $29,458 $191,185
2019 $4,032 $214,217 $28,600 $185,617
2018 $2,919 $134,546 $28,600 $105,946
2017 $1,681 $62,400 $42,000 $20,400
2016 $438 $19,167 $19,167 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2026 01/24/26 Price Changed $4,799,999 -12.7% $1,263 / Sq Ft
07/25/2025 07/25/25 For Sale $5,499,000 -- $1,447 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Boston National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,950,000 New Conventional
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202503373

Santa Fe Association of REALTORS®

APN: 1-012-181-080140