$2,750,000
SOLD MAY 5, 2026
Last list price

169 Elk Dr Chama, NM 87520

4 Beds
-- Bath
3,800 Sq Ft
70 Acres Lot

Sale Details

Date Sold: May 5, 2026

$724 Per Sq Ft

255 on Market

Highlights

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

About This Home

As of May 2026

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.

Last Agent to Sell the Property

David Cordova

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

Sotheby's Int. RE/Grant

Last Buyer's Agent

Francesco Crisafulli

Keller Williams Realty License #52423

Keller Williams Realty

Property Details

Property Type

  • Other

Lot Details

  • 70 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

Interior Spaces

  • 4 Bedrooms
  • 3,800 Sq Ft Home

Schools

  • Chama Elementary And Middle School
  • Escalante High School

Farming

  • Barn
  • Grain Storage
  • Farm

Utilities

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

Additional Features

  • 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

70 Acres

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: 70.0
  • Zoning: RAC,Rural Residential
  • Fencing: Electric, Other
  • Topography: Mountainous
  • Land Lease: No
  • Lot Size Sq Ft: 3049200.0
  • Parcel #: 1-012-181-080140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2024
Sold by
Jimmy Dale Putman Qualified Personal Res and Tammie Putman Qualified Personal Residen
Bought by
Putman Jimmy Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Outstanding Balance
$1,921,467
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$1,095,533

Purchase Details

Closed on
Jan 11, 2017
Sold by
Putman Jimmy Dale
Bought by
Putman Jimmy Dale and Putman Tammie
Source: Public Records
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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
Special Warranty Deed -- Boston National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

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
Open $1,950,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2026 05/05/26 Sold -- -- --
04/22/2026 04/22/26 Price Changed $2,750,000 -42.7% $724 / Sq Ft
04/06/2026 04/06/26 Pending -- -- --
03/31/2026 03/31/26 Off Market -- -- --
02/23/2026 02/23/26 Pending -- -- --
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®

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

Agents Affiliated with this Home

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Map

Source: Santa Fe Association of REALTORS®

MLS Number: 202503373

Santa Fe Association of REALTORS®

APN: 1-012-181-080140

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