$5,499,000
$1M PRICE DROP

169 Elk Dr Chama, NM 87520

Estimated payment $31,112/month

Total Views 14,345
4 Beds
4 Baths
3,400 Sq Ft
$1,617 Price per Sq Ft

Highlights

  • Popular Property
  • Barn
  • RV Access or Parking
  • Horse Facilities
  • Stables
  • RV Parking in Community

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!

Listing Agent

David Cordova

Sotheby's Int. RE/Grant License #49328 Listed on: 08/22/2024

Sotheby's Int. RE/Grant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,890

Year Built

  • Built in 2017

Lot Details

  • 400 Acre Lot
  • Property is zoned Rural Residential

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Carport
  • Heated Garage
  • RV Access or Parking

Home Design

  • Northern New Mexico Architecture
  • Slab Foundation
  • Rock and Frame
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Beamed Ceilings
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Insulated Windows

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security Lights
  • Security Gate
  • Fire and Smoke Detector

Schools

  • Chama Elementary And Middle School
  • Mora High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Heating System Uses Natural Gas
  • 220 Volts
  • Private Water Source
  • Well
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Satellite Dish

Additional Features

  • No Interior Steps
  • Drip Irrigation
  • Outbuilding
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 1-012-181-080140

Community Details

Overview

  • Association fees include road maintenance
  • Association Owns Recreation Facilities
  • RV Parking in Community

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Horse Facilities

Security

  • Resident Manager or Management On Site
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,890

Year Built

Built in 2017

Lot Details

0

HOA Fees

$25 per month

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 2017
  • Prop. Type: Residential
  • Horses: Yes
  • 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.
  • Architectural Style: Northern New Mexico
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
  • Levels: One
  • Other Equipment: Irrigation Equipment, Satellite Dish
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Stone, Wood
  • Interior Amenities: Beamed Ceilings, Wet Bar, No Interior Steps
  • Living Area: 3400.0
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Pitched, Shingle
  • Lot Features: Drip Irrigation/Bubblers
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Rock, Stucco
  • Exterior Features: Horse Facilities
  • Foundation Details: Slab
  • Other Structures: Barn(s), Outbuilding, Stable(s), Studio Detached

Garage/Parking

  • Garage Spaces: 4.0
  • Attached Garage: Yes
  • Parking Features: Attached, Carport, Garage, Heated Garage, RV Access/Parking
  • Total Parking Spaces: 20.0

Utilities

  • Cooling: Other, See Remarks
  • Electric: 220 Volts
  • Utilities: High Speed Internet Available, Electricity Available
  • Heating: Fireplace(s), Natural Gas, Radiant Floor
  • Security: Dead Bolt(s), Security Gate, Heat Detector, Smoke Detector(s), Security Lights
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Community/Coop, Private, Well

Condo/Co-op/Association

  • Amenities: Gated, Laundry, Management, Other, Recreation Facilities, RV Parking, See Remarks, Storage
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Road Maintenance

Schools

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

Lot Info

  • Lot Size Acres: 400.0
  • Zoning: Rural Residential
  • Land Lease: No
  • Lot Size Sq Ft: 17424000
  • Parcel #: 1-012-181-080140

Map

Range of Values:

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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
2024 $7,890 $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 Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $5,499,000 0.0% $1,617 / Sq Ft
07/25/2025 07/25/25 For Sale $5,499,000 -8.3% $1,617 / Sq Ft
04/01/2025 04/01/25 Price Changed $5,999,999 -7.7% $1,765 / Sq Ft
08/22/2024 08/22/24 For Sale $6,500,000 -- $1,912 / 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: 202403385

Santa Fe Association of REALTORS®

APN: 1-012-181-080140