This 5-acre property in historic Peña Blanca offers both agricultural and residential potential. The land includes 4 irrigated acres and 1 residential acre, supported by a private well and more than 7 acre-feet of surface water rights (valued at $150,000). Mature fruit trees and a freshly groomed front yard complement open views of the Jemez, Sandia, and Ortiz mountains, as well as the Rio Grande Valley. The home, built in the 1990s, reflects Southwestern style with vigas and wood stoves. Recent updates include fresh interior paint, a new septic system, and maintenance to the roof, windows, and bathroom. The home is being sold as-is, providing an opportunity for restoration, renovation, or customization. Wireless internet service is available in the area. Acequia irrigation schedules can be confirmed with the Middle Rio Grande Conservancy District. Conveniently located between Santa Fe and Albuquerque, this property combines space, water, and views in a historic Rio Grande Valley setting.