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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 is a remarkable 74.54-acre legacy estate offering unmatched natural beauty, abundant water, and exceptional infrastructure just minutes from Las Vegas, NM and the United World College. Known to the family as ā€œThe Playground,ā€ this property blends comfort, creativity, and Northern New Mexico wilderness in a way that is truly rare.

The custom 4,200 sq. ft. main residence—originally a barn kit—was transformed into a warm, refined home by designer Pedro Marquez, featuring pine siding, alder doors, and thoughtful architectural detail throughout. A 2,000 sq. ft. guesthouse provides additional space and privacy with its own 500-gallon propane tank and independent septic system. A third septic and 220 electric are already installed, creating a ready site for a future home or structure. The 2,610 sq. ft. drive-through barn is a standout feature, built atop teak-floored storage containers and framed with canyon-harvested red fir. Additional outbuildings include a rebuilt, powered chicken house and multiple storage structures.

Water is one of the property’s greatest assets, with nearly half a mile of Gallinas River frontage, three ponds (including spring-fed and bentonite-sealed), and a water table only 6 feet deep. Jersey barriers along the riverbank help protect the property during high-water events. High-speed internet, a Cummins generator, and year-round access support easy, reliable living.

The land is alive with incredible wildlife, including elk, deer, turkey, and other native species that frequent the property daily. Rio de Vega also comes with existing elk tags, and per the seller, landowners apply annually to the New Mexico Department of Game & Fish for E-Plus Landowner Permits—a process the current owner has never had difficulty obtaining.

With its scenic landscape, strong infrastructure, abundant water, and exceptional recreational potential, Rio de Vega is a rare opportunity to own a truly special Northern New Mexico estate.

Listing Agent

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

Details

Updated on November 17, 2025 at 4:18 pm
  • Sq ft: 6200
  • Lot size: 74.54 Acres
  • Property Status: Active
  • Date listed: 2025-08-05
  • Days on Market: 105
  • 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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