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997 New Mexico Highway 65 , Montezuma, NM 87731
997 New Mexico Highway 65 , Montezuma, NM 87731
  • $4,250,000
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 2.0
  • Garage
  • 6200
  • 74.54
  • Lot Size Acres
  • 2007
  • Year Built

Description

Rio de Vega – A Rare Legacy Estate on 74.54 Acres with River Frontage, Guesthouse & Barn

Welcome to Rio de Vega — a legacy estate that has been cherished for generations and affectionately known by the family as ā€œThe Playground.ā€ This extraordinary 74.54-acre property is a sanctuary of beauty, creativity, and comfort just minutes from Las Vegas, NM, and the renowned United World College.

At the heart of the estate is a custom 4,200 sq. ft. main residence, originally a barn kit reimagined into a luxury home by renowned designer Pedro Marquez. Featuring pine siding, alder doors, and thoughtful architectural details, the home blends rustic character with refined finishes. Two refrigerators, a chest freezer, and a stand-up freezer are included, and a 1,000-gallon propane tank powers a Cummins generator for added peace of mind.

A separate 2,000 sq. ft. guesthouse offers additional comfort and privacy with its own 500-gallon propane tank and independent septic system. There’s even a third septic and 220 electric already in place, ready for an additional home to be built.

The 2,610 sq. ft. drive-through barn is a masterpiece in itself, constructed atop teak-floored storage containers and framed in canyon-harvested red fir. The property also includes a rebuilt, powered chicken house, multiple charming outbuildings, and three serene ponds—one spring-fed and another sealed with bentonite. Water is plentiful with the water table just 6 feet below ground and nearly half a mile of Gallinas River frontage enhanced by protective jersey barriers for added flood security.

Rio de Vega is fully equipped for modern living with high-speed internet (Starlink at the guesthouse and DesertGate at the main house), plumbed 4 feet deep throughout, and year-round access with roads plowed in the winter.

With abundant water rights, lush surroundings, and boundless potential for relaxation, recreation, or even expansion, this is more than just a property—it’s an opportunity to own a truly one-of-a-kind estate with deep roots and lasting possibilities.

Listing Agent

Ryan D. Ferguson - Sotheby's Int. RE/Washington

Details

Updated on August 6, 2025 at 8:10 pm
  • Sq ft: 6200
  • Lot size: 74.54 Acres
  • Property Status: Active
  • Date listed: 2025-08-05
  • Days on Market:
  • Year Built: 2007
  • MLS # 202503538
  • Bedrooms: 6
  • Bathrooms: 6
  • Full:4
  • Three Quarters:1
  • Half:1
  • Garage: 2.0

Financial Details

  • Price: $4,250,000
  • $/sq ft
  • Listing Terms: Cash, Conventional,1031 Exchange, New Loan

Additional details

  • Roof: Built-Up, Other, See Remarks
  • Utilities: High Speed Internet Available, Electricity Available
  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Fireplace(s), Propane, Radiant Floor, Radiant
  • Flooring: Carpet, Wood
  • Pool: None
  • Parking: Attached, Garage
  • Elementary School: Las Vegas
  • Middle School: Las Vegas
  • High School: Las Vegas
  • Architectural Style: Manufactured Home, Multi-Level, Mobile Home, Ranch

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  • Address 997 New Mexico Highway 65
  • City Montezuma
  • State/county NM
  • Zip/Postal Code 87731

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THE DATA RELATING TO REAL ESTATE FOR SALE IN THIS WEBSITE COMES IN PART FROM THE INTERNET DATA EXCHANGE ("IDX") PROGRAM OF SANTA FE ASSOCIATION OF REALTORSĀ®, INC. FROM A COPYRIGHTED COMPILATION OF LISTINGS. ALL DATA IN THIS WEBSITE IS DEEMED RELIABLE BUT IS NOT GUARANTEED ACCURATE, AND SHOULD BE INDEPENDENTLY VERIFIED. THE INFORMATION PROVIDED IS FOR CONSUMERS' PERSONAL, NON-COMMERCIAL USE AND MAY NOT BE USED FOR ANY PURPOSE OTHER THAN TO IDENTIFY PROSPECTIVE PROPERTIES CONSUMERS MAY BE INTERESTED IN PURCHASING. ALL PROPERTIES ARE SUBJECT TO PRIOR SALE OR WITHDRAWAL. ALL RIGHTS RESERVED.

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