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6 Beds
6 Baths
6,200 sqft

$4,250,000

997 New Mexico Highway 65, Montezuma NM, 87731

Price per sqft$685.48
Built in2007
Property size6,200 sqft
Property typeResidential

Overview

Active

Listed Aug 5, 2025

Updated Jul 29

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.

$28,275/mo

Est. mortgage payment based on a $4,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202503538

Interior Features

Bedrooms
6
Bathrooms
6
Fireplace
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
74.54 Acres

Other Property Details

Garage
Yes
Waterfront
Yes
MLS provider logo

Listed by Ryan D. Ferguson with Sotheby's Int. RE/Washington
Listing Contact: (505) 570-2028 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 7/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/29/2026 at 3:08 PM UTC

 

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