36 Penny Lane, Las Vegas, NM 87701

New Listing
$898,000
Property Type: Residential Bedrooms: 6 Baths: 6 Square Footage: 3,446 Lot Size (sq. ft.): 871,200 Status: Active
Current Price: $898,000 List Date: 4/17/2026 Last Modified: 4/21/2026

Overview

Description

Tara Ranch is a private Northern New Mexico ranch on 20 fully fenced, mostly flat acres with exceptional equestrian improvements. A gated entrance and 1/4-mile driveway lead to a 3,400+ sq ft, one-level home (2006) with 12' ceilings, diamond-finish walls, arches, and beams. Open living/dining/kitchen capture big views and open to a covered portal. Chef's kitchen: 2 ovens, gas cooktop w/ griddle, 2 sinks, granite, stainless appliances, pantry, ample cabinetry. West wing: primary suite, office/media, guest bed. East wing: 2 beds + Jack-and-Jill bath. Radiant heat, heated 3+ car garage, private well; boiler 2024, water heater 2022. New 2025 Barn Pros 6-stall barn with tack, workshop, hay, wash, 45x60 corral, RV cover, and 1,600 sq ft apartment. Surrounded by a 2,500-acre private ranch.

Listing Details MLS# 1102079

Contract Information

List Price/SqFt
260.59

Location

Street #
36
Street Name
Penny
St Suffix
Lane
County
San Miguel
City/Town Code
Las Vegas
State/Province
NM
Zip Code
87701
Directions
From Las Vegas: Take I-25 South. Exit and continue onto NM-283 W. Follow County Rd A17. Turn right onto Penny Ln. Proceed to 36 Penny Ln, Las Vegas, NM 87701.
MLS Area Major
600 - San Miguel
Zone Atlas
NOZA

General Property Description

Property Sub-Type
Detached
Offsite Built
Yes
UPC Unitized
No
Fireplace
Yes
# of Fireplaces
2
Stories
Yes
Faces
South
Builder
Unknown
Living Area
3446
Living Area Source
Professional
Lot Size Acres
20
Lot Size Square Feet
871200
Lot Size Source
Survey
Flood Zone
No Flood Map
Disability Access
Yes
PBR on Main
Yes
Bedrooms Total
6
Bathrooms Full
5
Bathrooms Half
Yes
Total Bathrooms
6
Primary Bath Desc
Full Bath
Private Pool
No
Year Built
2006
LBP Disclosure
No
Garage Spaces
3
Basement
No
Accessory Dwelling Unit
Yes
Loft
No

Rooms

Kitchen Level
Main
Kitchen Length
18
Kitchen Width
18.2
Living Room Level
Main
Living Room Length
197
Living Room Width
272
Primary Bedroom Level
Main
Primary Bedroom Length
151
Primary Bedroom Width
2111
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Sunroom

Sunroom
No

Accessory Dwelling Unit Information

ADU SqFt
1600
ADU Bedrooms
2
ADU Bedrooms Included YN
Yes
ADU Bathrooms
Yes
ADU Bathrooms Included YN
Yes

More Information

Green

Green
No
HERS
No

Miscellaneous

Guard House/Service
No
Hist Prop/Lndmk
No
Rented
No
Land Lease
No

Association Details

Association
No

Cooling

Centrally Ducted
No
None
Yes

Sales Info

Seller Assist Ofrd
No
Trade/Xch Considered
No

Tax & Legal Info

UPC Code
R0658182
PID
No
Short Legal Desc
See documents
GRT Code
12-012
Tax Exemption
No
Tax Annual Amount
3722.12

Construction Materials

Frame
Yes
Stucco
Yes

Exterior Features

Balcony
Yes
Deck
Yes
Gated
Yes
Outdoor Grill
Yes
Patio Covered
Yes
Patio Open
Yes
RV Access/Parking
Yes
RV Hookup
Yes

Flooring

Concrete
Yes

Heating

Radiant
Yes

Laundry Features

Utility Closet
Yes

Build Description

Resale
Yes

Utilities

Electricity Connected
Yes
Propane Leased
Yes

Possession

Day of Funding
Yes

Green Energy Generation

None
Yes

Guest House

ADU Finished YN
Yes
ADU Heating YN
Partial
ADU SqFt Included YN
Yes

Electric Provider

Public Utility
Yes

Laundry Power

Electric
Yes

Wastewater

Septic Tank
Yes

Water Source

Private Well
Yes

Roof

Metal
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Windows

Metal
Yes

Zoning

R-1
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Rooms: Kitchen; Living Room; Primary Bedroom Laundry Features: Utility Closet Laundry Power: Electric Roof: Metal Exterior Features: Balcony; Deck; Gated; Outdoor Grill; Patio Covered; Patio Open; RV Access/Parking; RV Hookup Utilities: Electricity Connected; Propane Leased Heating: Radiant Cooling: None Wastewater: Septic Tank Water Source: Private Well Flooring: Concrete Windows: Metal Green Energy Generation: None Electric Provider: Public Utility Finance Considered: Cash; Conventional; FHA; VA Possession: Day of Funding Zoning: R-1

Room Information

Room Name Length Width Level
Living Room 197.00 272.00 Main
Kitchen 18.00 18.20 Main
Primary Bedroom 151.00 2111.00 Main

Documents

Listing Office: Home & Land Professionals
Last Updated: April - 21 - 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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