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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 2h ago

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
Available since
August 5, 2025

Interior Features

Bedrooms
6
Bathrooms
6
Fireplace
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
74.54 Acres

Other Property Details

Garage
Yes

 Courtesy of Ryan Ferguson | Sotheby's International Realty - Santa Fe - Main Downtown Brokerage

Based on information from DASH - Sotheby's International Realty (SIR) as of 10/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 10:28 AM UTC, 10/11/2026

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