$15,000,000

196 Circle Dr Santa Fe, NM 87501

Vista Encantada Neighborhood

Estimated payment $86,440/month

Total Views 9,504
11 Acres
$1,327,434 Price per Acre
492,228 Sq Ft Lot

About This Lot

Experience the rare opportunity to own a meticulously restored piece of Santa Fes history. Just minutes from the Plaza, Casa Alegre, originally built in 1931 by Governor John Dempsey, stands as a timeless adobe estate that seamlessly blends historic charm with modern sophistication. Set on 11 breathtaking acres, this exceptional property features a stately six-bedroom main residence, exquisitely renovated to preserve its architectural integrity while incorporating the finest contemporary comforts. Three private guest houses provide additional generous accommodations, making this an ideal retreat for family, friends and distinguished guests. The estates resort-like grounds are a true sanctuary, featuring a heated outdoor pool, a private tennis court and stone-lined walking trails that wind through the lush landscape. The grounds include an abundance of trees, along with a bountiful organic garden and orchard. An aggregate of 20 fireplaces are experienced throughout the estate. Steeped in history, Casa Alegre has been home to a succession of distinguished owners following Governor Dempsey, including an heir to the Weyerhaeuser timber fortune and a member of the Martini & Rossi family. Following a period of limited enhancement, Robert and Miriam Knutson, founders of Education Management Corporation, embarked on a four and a half-year, $18 million restoration of the compound in 2004, enlisting master artisans, architects, and craftsmen to revive the estate to perfection. Their meticulous efforts ranged from restoring infrastructure, building intricate rock walls, to curating 64 distinct window styles that honor the homes original character. Lovingly maintained by its current owners, Casa Alegre has served as the backdrop or cherished family gatherings and elegant philanthropic events. A rare jewel in Santa Fes real estate landscape, this extraordinary estate offers an unrivaled opportunity to own a piece of history, beautifully reimagined for modern luxury living.

Stephanie Duran

Listed on: 07/16/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $40,293

Property Details

Property Type

Land

Est. Annual Taxes

$40,293

Listing Details

  • Office Phone: 505-636-3049
  • Listing Website: https://www.land.com/property/196-circle-drive-santa-fe-new-mexico-87501/24159271/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Map

Range of Values:

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Average Value
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List Price
Sold 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
2024 $40,293 $5,287,583 $223,243 $5,064,340
2023 $40,293 $5,133,576 $216,741 $4,916,835
2022 $39,402 $4,984,056 $210,429 $4,773,627
2021 $38,793 $1,612,963 $68,099 $1,544,864
2020 $39,001 $1,623,027 $63,099 $1,559,928
2019 $30,812 $1,262,539 $199,999 $1,062,540
2018 $30,133 $1,225,766 $199,999 $1,025,767
2017 $29,377 $1,190,064 $199,999 $990,065
2016 $27,698 $1,155,402 $200,000 $955,402
2015 $27,055 $1,121,750 $200,000 $921,750
2014 $51,152 $2,187,241 $249,750 $1,937,491
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $15,000,000 -- $1,806 / Sq Ft

Purchase History

Date Type Sale Price Title Company
Deed -- --
Warranty Deed -- Quiet Title Co Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed -- No Value Available
Previous Owner $1,100,000 Purchase Money Mortgage
Source: Public Records
New Mexico Santa Fe County Santa Fe 87501 Vista Encantada

196 Circle Dr, Santa Fe, NM

This home is located at 196 Circle Dr, Santa Fe, NM 87501 and is currently priced at $15,000,000. 196 Circle Dr is a home located in Santa Fe County with nearby schools including Carlos Gilbert Elementary School, Santa Fe High School, and Journey Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes
Listing Agent
Stephanie Duran
(505) 636-3049