$5,499,000

169 Elk Dr Chama, NM 87520

Estimated payment $29,596/month

Total Views 6,280
4 Beds
-- Bath
3,800 Sq Ft
$1,447 Price per Sq Ft

Highlights

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

About This Home

Priced to Sell! Welcome to Palomino Pines Ranch Estate luxury equestrian paradise set in the serene Southern Rockies. Encompassing 400 acres of enclosed, private land at over 8,000 feet, this custom-built estate offers breathtaking 360-degree views and a perfect blend of elegance and craftsmanship.The 3,400-square-foot living space plus garages is a masterpiece, featuring riverbed stone accents, antlered lighting, high wood beams, and chestnut floors. The gourmet kitchen is equipped with custom cabinets, granite countertops, and stainless steel appliances. Spacious living areas include a wine cooler, abundant storage, and outdoor walkways and gazebos that enhance the home's charm. A large, oversized, fully finished heated garage is perfect for your vehicles and side-by-sides. For the passionate/professional equestrian, this estate is an unparalleled dream. Bring your Quarter horses, Palominos, Thoroughbreds, Arabians, Morgans, and even bison to this state-of-the-art facility. The property features a 13,000-square-foot heated domed indoor arena with 9 stalls and caretakers' quarters, ensuring the utmost protection for your animals and safety for riders. Additionally, the estate boasts an Olympic-style outdoor training arena, 7 outdoor stables, a 150’ x 350' riding area, and multiple steel-fenced pastures. With 5 RV spots equipped with full hookups, ponds, and water tanks, the estate is as functional and beautiful. This property isn't just for horses—it's also a haven for all your pets. A 1⁄2 acre pet hotel, complete with fencing, a large dog house, and a spacious run, ensures every family member, whether two-legged or four-legged, has a luxurious place to call home. Built as a "forever home," no expense was spared in crafting this one-of-a-kind sanctuary. The Estate represents a rare and extraordinary opportunity. It’s the life you’ve always dreamed of. Additional living space of 1000 sq ft in a separate garage. Bonus! 330 acres added to the listing! Now 400 acres!

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
07/25/2025 07/25/25 Price Changed $5,499,000 0.0% $1,250 / Sq Ft
07/25/2025 07/25/25 For Sale $5,499,000 -8.3% $1,447 / Sq Ft
04/01/2025 04/01/25 Price Changed $5,999,999 -7.7% $1,364 / Sq Ft
08/22/2024 08/22/24 For Sale $6,500,000 -- $1,477 / 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