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196 Circle Drive, 
Santa Fe, NM 87501

$15,000,000


10

Beds


11

Baths


12,208

Sq Ft


Single Family

Active

Listed by

Stephanie Duran

Amanda Godlove Erwin

Barker Realty, LLC.

505-982-9836

Last updated:

June 27, 2025, 04:08 PM

MLS#

202501197

Source:

NM SFAR

About This Home

196 Circle Drive

Experience the rare opportunity to own a meticulously restored piece of Santa Fe’s history. Just minutes from the Plaza, Casa Alegre, originally built in 1931 by Governor John Dempsey, stands as a timeless adobe estate that seamlessly blends historic charm with modern sophistication. Set on 11 breathtaking acres, this exceptional property features a stately six-bedroom main residence, exquisitely renovated to preserve its architectural integrity while incorporating the finest contemporary comforts. Three private guest houses provide additional generous accommodations, making this an ideal retreat for family, friends and distinguished guests. The estate’s resort-like grounds are a true sanctuary, featuring a heated outdoor pool, a private tennis court and stone-lined walking trails that wind through the lush landscape. The grounds include an abundance of trees, along with a bountiful organic garden and orchard. An aggregate of 20 fireplaces are experienced throughout the estate. Steeped in history, Casa Alegre has been home to a succession of distinguished owners following Governor Dempsey, including an heir to the Weyerhaeuser timber fortune and a member of the Martini & Rossi family. Following a period of limited enhancement, Robert and Miriam Knutson, founders of Education Management Corporation, embarked on a four and a half-year, $18 million restoration of the compound in 2004, enlisting master artisans, architects, and craftsmen to revive the estate to perfection. Their meticulous efforts ranged from restoring infrastructure, building intricate rock walls, to curating 64 distinct window styles that honor the home’s original character. Lovingly maintained by its current owners, Casa Alegre has served as the backdrop or cherished family gatherings and elegant philanthropic events. A rare jewel in Santa Fe’s real estate landscape, this extraordinary estate offers an unrivaled opportunity to own a piece of history, beautifully reimagined for modern luxury living.

Home Facts

Single Family

11 Baths

10 Bedrooms

Built in 1930

Price Summary

15,000,000

$1,228 per Sq. Ft.

MLS #:

202501197

Last Updated:

June 27, 2025, 04:08 PM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

3

Interior

Living Area:

12,208 Sq. Ft.


Structure

Structure

Architectural Style:

Pueblo

Building Area:

12,208 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

492,228


Finances & Disclosures

Finances

Price:

$15,000,000

Price per Sq. Ft:

$1,228 per Sq. Ft.

Source:NM SFAR
The information being provided by Santa Fe Association of REALTORS 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. © 2025 Santa Fe Association of REALTORS All rights reserved.

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