$1,115,000
OPEN SUN 3PM - 4:30PM $145K PRICE DROP

36 Penny Ln Las Vegas, NM 87701

Estimated payment $6,327/month

Total Views 13,262
6 Beds
4.5 Baths
6,121 Sq Ft
$182 Price per Sq Ft

Highlights

  • Horse Facilities
  • Stables
  • 42 Acre Lot
  • Barn
  • RV Access or Parking
  • Wood Burning Stove

About This Home

Tara Ranch is a magical spot of profound quiet and serenity on a mostly flat, fully fenced, 42 acres. From the ranch gate, you drive on a 1⁄4 mile long beautiful private driveway to the house and barn. The main house is a very substantial, well-built 4,500 sq ft home with 12' ceilings, diamond finish plaster walls, arches, large beams throughout and oversized living spaces and rooms to give a very spacious, gracious feel. The state of the art 6 stall “Barn Pros Equestrian Facilities” barn, features a full 1,600 sq ft apartment above it for caretaker or guests. The absolutely gorgeous views of Hermit’s Peak and the adjacent mountaintops offer complete privacy, as the property is surrounded on three sides by a 2,500-acre private ranch. For horse lovers, the 42 acres of great fescue grass are superb for riding, or training, on mostly flat land peppered by trees. The 45X60 ft horse pen is a great addition. The area of Hermit Peak and Johnson Mesa has a huge network of horse and offload trails, all extremely accessible by very well-maintained roads. Located just past the little pueblo of San Geronimo, Tara Ranch is an easy hour from Santa Fe and about half an hour from Las Vegas, NM. Built in 2008, this home is designed on one level with radiant floor heat enjoying nice open main living areas with living, dining and kitchen spaces all relishing the magnificent views. There is easy access to the covered portal for outdoor dining, grilling and enjoying the spectacular vistas. The backyard is fully fenced with decorative pole fencing. A heated 3+ car garage, with direct access to the inside of the home, is a wonderful bonus. The chef’s kitchen; with two ovens, large gas cook top with griddle, two sinks, wild stone granite counters, stainless appliances, huge pantry and plenty of cabinets, is a joy to cook in! The home has a great layout with the master bedroom, media/office and one guest bedroom on the west wing and the other two bedrooms, sharing a Jack and Jill full bath on the east wing. The master bedroom has access to a private covered portal with a 220 hook up should one like a hot tub, and the en- suite his and hers bath has a fabulous Jacuzzi tub in which to soak and look at the mountains, as well as large walk-in closet, two sinks and large shower with genuine coral stone tile. The near bedroom also has a full en suite bath. The barn has its own septic system, 6 stalls with rubber flooring, Tack room/workshop, hay storage, washing space for horses and a 45 X 60 fenced corral. It also has covered parking for an RV which could easily be converted into an additional coral to house horses or livestock in the three stalls that are currently not being used for animals. On the second story above the barn is a spacious 2-bedroom, 1-bath apartment, with a cozy wood burning stove, kitchenette and ample living space. The hand-crafted furniture southwest style currently in the home is also available for purchase, and should one want the two friendly and adorable donkeys, they could stay at no cost. The donkeys have been a fantastic way to keep coyotes off the property! The boiler was replaced in 2024 and the hot water heater in 2022. The private well provides plenty of water and the home also has a water softener. Tara Ranch is truly a special place on every level and a wonderful retreat from the hustle and bustle of town!

Listing Agent

Katherine Blagden

Sotheby's Int. RE/Washington License #15641 Listed on: 04/11/2025

Sotheby's Int. RE/Washington

Co-Listing Agent

Jackson Blagden

Sotheby's Int. RE/Washington License #48993

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,591

Year Built

  • Built in 2008

Parking

  • 3 Car Direct Access Garage
  • Carport
  • Heated Garage
  • RV Access or Parking

Home Design

  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 6,121 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • 2 Fireplaces
  • Wood Burning Stove
  • Insulated Windows

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Schools

  • Valley Elementary School
  • West Las Vegas Middle School
  • West Las Vegas High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Underground Utilities
  • Private Water Source
  • Well
  • Gas Water Heater
  • Water Purifier
  • Water Softener
  • Septic Tank
  • High Speed Internet

Additional Features

  • No Interior Steps
  • 42 Acre Lot
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 1084091425275

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,591

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Year Built: 2008
  • Prop. Type: Residential
  • Horses: Yes
  • Co List Office Mls Id: 15500
  • Co List Office Phone: (505) 988-8088
  • Directions: I-25 North towards Las Vegas; Take Exit 339, turn Right and then Left onto Frontage Road heading North. Turn Left onto NM 283, bear left onto CR-A17 and continue to 3-way stop sign. Turn Left onto CR-A19A and Right onto Penny Lane.
  • Architectural Style: Ranch, One Story
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Building Stories: 1
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: OpenHouse
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Purifier, Washer
  • Levels: One
  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Pellet Stove, Wood Burning Stove
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • Interior Amenities: Beamed Ceilings, No Interior Steps
  • Living Area: 4528.0
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Metal
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Exterior Features: Horse Facilities
  • Other Structures: Barn(s), Guest House Detached, Stable(s)

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached, Carport, Direct Access, Garage, Heated Garage, RV Access/Parking
  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None, Other, See Remarks
  • Electric: Underground
  • Utilities: High Speed Internet Available, Other, Electricity Available
  • Heating: Baseboard, Electric, Propane, Pellet Stove, Radiant Floor, Wood Stove
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Valley Elementary
  • High School: West Las Vegas High
  • Middle Or Junior School: West Las Vegas

Lot Info

  • Lot Size Acres: 42.0
  • Land Lease: No
  • Lot Size Sq Ft: 1829520.0
  • Parcel #: 1084091425275

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
2025 $3,591 $115,850 $10,609 $105,241
2024 $3,591 $145,093 $42,917 $102,176
2023 $3,502 $140,867 $41,667 $99,200
2022 $2,887 $121,214 $19,860 $101,354
2021 $2,786 $117,683 $19,281 $98,402
2020 $2,768 $114,383 $18,847 $95,536
2019 $2,700 $114,383 $18,847 $95,536
2018 $2,828 $120,549 $19,195 $101,354
2017 $2,702 $117,420 $19,018 $98,402
2013 $3,672 $156,044 $21,844 $134,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $1,115,000 -0.9% $246 / Sq Ft
06/16/2025 06/16/25 Price Changed $1,125,000 -5.1% $248 / Sq Ft
05/27/2025 05/27/25 Price Changed $1,185,000 -4.4% $262 / Sq Ft
05/09/2025 05/09/25 Price Changed $1,240,000 -1.6% $274 / Sq Ft
04/11/2025 04/11/25 For Sale $1,260,000 +73.8% $278 / Sq Ft
08/24/2022 08/24/22 Sold -- -- --
07/17/2022 07/17/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $724,900 0.0% --
04/27/2022 04/27/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $724,900 -- --
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $617,500 --
Grant Deed -- --
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202501529

Santa Fe Association of REALTORS®

APN: 658182