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36 Penny Lane, 
Las Vegas, NM 87701

$995,000


6

Beds


6

Baths


6,121

Sq Ft


Single Family

Active

Listed by

Ryan D. Ferguson

Sotheby'S Int. Re/Washington

505-988-8088

Last updated:

October 20, 2026, 03:39 PM

MLS#

202604344

Source:

NM SFAR

About This Home

36 Penny Lane

Welcome to Tara Ranch, an exceptional 42-acre Northern New Mexico property offering privacy, expansive mountain views, equestrian facilities and remarkable versatility just beyond the historic village of San Geronimo. Fully fenced and surrounded on three sides by a 2,500-acre private ranch, the property enjoys sweeping views of Hermit’s Peak and the surrounding mountains, with a beautiful combination of mature trees and broad open spaces ideal for horses, grazing and recreation. A gated entrance opens to a picturesque quarter-mile private drive leading to the substantial single-level main residence. Built in 2008, the home showcases classic Southwestern character with soaring 12-foot ceilings, diamond-finish plaster walls, substantial wood beams and graceful arches. Generously proportioned rooms and expansive living areas create an impressive sense of space, while the open living, dining and kitchen areas take advantage of the surrounding mountain views and connect to a covered portal for outdoor dining, entertaining and quiet evenings under the New Mexico sky. The well-appointed kitchen features two ovens, a large gas cooktop with griddle, dual sinks, wild stone granite countertops, stainless steel appliances, abundant cabinetry and a generous pantry. With five bedrooms and three-and-a-half baths, the thoughtful floor plan provides excellent separation and privacy for owners and guests. The spacious primary suite includes its own covered portal, large walk-in closet and en-suite bath with soaking tub, walk-in shower and dual vanities. Radiant-floor heat, a heated three-plus-car garage, private well, water softener, newer boiler and water heater add comfort and practicality to the residence. For horse enthusiasts, Tara Ranch offers an impressive Barn Pros equestrian facility with six 11' x 12' stalls, rubber flooring, tack and workshop space, hay storage, horse wash area, broad center aisle, covered RV storage and a fenced 45' x 60' corral. Adding tremendous flexibility is the beautifully finished approximately 1,593-square-foot barndominium above the barn. The inviting two-bedroom, one-bath space features high ceilings, a kitchen, expansive living and dining area, front and rear porches, and a wood-burning stove that makes it an especially cozy retreat. The space offers wonderful possibilities for guests, extended family, a caretaker, creative pursuits or additional living space. Across the mostly level acreage, thriving trees are interspersed with generous open areas for grazing, riding and enjoying the landscape. Two additional storage sheds provide space for equipment and ranch necessities, while the size and layout of the property offer exciting possibilities for additional structures, casitas, studios or other uses, subject to applicable approvals. Nearby riding and recreational opportunities extend into the spectacular Hermit’s Peak and Johnson Mesa country, while Las Vegas and Santa Fe remain within convenient reach. Tara Ranch brings together the qualities that make Northern New Mexico ranch living so compelling: privacy, usable acreage, equestrian infrastructure, flexible living spaces, beautiful mountain scenery and room to create something truly special.

Home Facts

Single Family

6 Baths

6 Bedrooms

Built in 2008

Price Summary

995,000

$162 per Sq. Ft.

MLS #:

202604344

Last Updated:

October 20, 2026, 03:39 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

6,121 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

6,121 Sq. Ft.

Year Built:

2008


Lot

Lot Size (Sq. Ft):

1,829,520


Finances & Disclosures

Finances

Price:

$995,000

Price per Sq. Ft:

$162 per Sq. Ft.

Source:NM SFAR
The information being provided by Santa Fe Association Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Santa Fe Association Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.