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997 New Mexico Highway 65, 
Montezuma, NM 87731

$4,250,000


6

Beds


6

Baths


6,200

Sq Ft


Single Family

Active

Listed by

Ryan D. Ferguson

Sotheby'S Int. Re/Washington

505-988-8088

Last updated:

December 18, 2025, 04:17 PM

MLS#

202503538

Source:

NM SFAR

About This Home

997 New Mexico Highway 65

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 “The Playground,” 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.

Home Facts

Single Family

6 Baths

6 Bedrooms

Built in 2007

Price Summary

4,250,000

$685 per Sq. Ft.

MLS #:

202503538

Last Updated:

December 18, 2025, 04:17 PM

Added:

5 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

6,200 Sq. Ft.


Structure

Structure

Architectural Style:

Manufactured Home, Mobile Home, Multi Level, Ranch

Building Area:

6,200 Sq. Ft.

Year Built:

2007


Lot

Lot Size (Sq. Ft):

3,246,962


Finances & Disclosures

Finances

Price:

$4,250,000

Price per Sq. Ft:

$685 per Sq. Ft.

Source:NM SFAR
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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.