NOT LISTED FOR SALE

169 Elk Dr Chama, NM 87520

Estimated Value: $836,000 - $5,281,000

4 Beds
4 Baths
3,800 Sq Ft
$805/Sq Ft Est. Value

About This Home

Price Reduction!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 13k-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 as it is 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! Now 400 acres!

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
Current Estimated Value
$3,058,500

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
$1,137,033

Purchase Details

Closed on
Jan 11, 2017
Sold by
Putman Jimmy Dale
Bought by
Putman Jimmy Dale and Putman Tammie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Putman Jimmy Dale -- Boston National Title
Putman Jimmy Dale -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Putman Jimmy Dale $1,950,000
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% $1,200 / Sq Ft
07/25/2025 07/25/25 For Sale $5,499,000 -- $1,375 / Sq Ft

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

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