Now offered at $428,000, this rare adobe homestead in the heart of the Peñasco Valley brings together land, water rights, privacy, and authentic Northern New Mexico character. Set on one private acre at the end of Roybal Road, this quiet setting offers a peaceful rural property with Picuris Pueblo lands along its boundary and Carson National Forest nearby. Open landscapes, mountain recreation, and the natural beauty of Northern New Mexico are all within easy reach. The three-bedroom, two-bath Territorial-style home was handcrafted with traditional adobe construction and features thick adobe walls, reclaimed vigas and beams, abundant natural light, and desirable southern exposure. At the heart of the home, a wood stove provides warmth and a welcoming gathering place during the colder months. Together with the natural thermal qualities of adobe, the home reflects the comfort, craftsmanship, and enduring appeal of traditional Northern New Mexico living. A pitched metal roof installed in 2015 adds durability and practical peace of mind. What truly distinguishes this property is the combination of features increasingly difficult to find together: a private well, adjudicated irrigation water rights, usable acreage, traditional adobe construction, and a quiet setting with room to make the land your own. The acre offers possibilities for gardens, an orchard, horses, hobby farming, outdoor living, or simply enjoying more space and independence. Expansive skies, limited traffic, and the surrounding landscape also make the property well suited as a full-time residence or creative retreat. Located along the scenic High Road to Taos, the property feels tucked away without being disconnected. Taos is approximately 40 minutes away, Santa Fe approximately 60 minutes, and Sipapu Ski Area about 15 minutes. The wineries, galleries, and mountain communities surrounding Dixon and Peñasco are also nearby. At its newly adjusted price of $428,000, this is an opportunity to own a distinctive Northern New Mexico adobe home with one acre, water rights, a private well, privacy, and room to create a lifestyle connected to the land.