58 CR 120, Espanola, NM 87532
58 CR 120, Espanola, NM 87532
58 CR 120, Espanola, NM 87532
78
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$649,000
Est. payment /mo
2 Beds
1 Bath
1,530 SqFt
Price Dropped by $19K

58 CR 120 Espanola, NM 87532

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,530 sqft

Price per Sqft $424

MLS Listing ID 202603249

Style Northern New Mexico

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1918

Annual Tax Amount $1,104

Tax Year 2025

Lot Size 5.060 Acres

Acres 5.06

Property Sub-Type Single Family Residence

Property Description

NEW PRICE — $649,000! | PRICED BELOW APPRAISAL

Own a Piece of Northern New Mexico History — and Create Your Vision.

Discover a truly special property in coveted La Mesilla, where history, open land, agriculture, equestrian living, and endless possibilities come together on 5.057 acres.

At the heart of the property is a thoughtfully updated 1918 adobe home filled with authentic Northern New Mexico character, including exposed vigas, a traditional Kiva fireplace, remodeled kitchen and bath, updated electrical and plumbing, and new Accent windows throughout. The home offers the flexibility to serve as a primary residence, guest retreat, studio, or potential casita.

But the real opportunity is the land and infrastructure. Once operated as a horse breeding ranch, the property is ready for someone to bring that lifestyle back. A four-stall horse barn, hay barn, greenhouse, chicken coop, workshop/office, cool storage, additional outbuildings, fenced areas, irrigated pasture/orchard, agricultural water rights, and irrigation infrastructure provide an incredible foundation for an equestrian or agricultural homestead.

An owned 12-panel tracking solar system, private well and septic, water filtration, and upgraded well equipment add even more value.

Enjoy breathtaking views toward the Santa Fe National Forest and Jemez Mountains, abundant wildlife, privacy, and the peaceful character of rural Northern New Mexico—yet you're only minutes from Española with easy access toward Santa Fe and Los Alamos.

Whether you envision a private retreat, horse ranch, agricultural homestead, guest/casita property, or future estate, this is an opportunity to create something truly your own.

5.057 acres. Water. Solar. Equestrian potential. Mountain views. Endless possibilities.

Location

State NM

County Rio Arriba

Zoning Rural Residential

Interior

Interior Features Beamed Ceilings, No Interior Steps

Heating Baseboard, Electric

Cooling None

Flooring Tile, Wood

Fireplaces Number 1

Fireplaces Type Kiva, Wood Burning

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Electric Water Heater, Microwave

Exterior

Exterior Feature Horse Facilities

Parking Features Carport, Detached, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Utilities Available High Speed Internet Available, Electricity Available

Water Access Desc Private,Well

Roof Type Metal

Accessibility Not ADA Compliant

Total Parking Spaces 4

Private Pool No

Building

Entry Level One

Sewer Septic Tank

Water Private, Well

Architectural Style Northern New Mexico

Level or Stories One

Additional Building Barn(s), Greenhouse, Outbuilding, Stable(s), Storage

Schools

Elementary Schools Sombrillo

Middle Schools Carlos F. Vigil Espanola Middle School

High Schools Espanola Valley High

Others

Security Features Security Gate

Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan

Listing Terms Cash, Conventional, 1031 Exchange, New Loan

Special Listing Condition Standard

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Santa Fe MLS (SFARMLS)
Listed by Chad Hanawalt • 1st Class Realty of Santa Fe

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Emily Medvec

Emily Medvec

Broker Associate License ID: 16161

+1(505) 660-4541

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58 CR 120