997 New Mexico Highway 65, Montezuma, NM 87731
Local realty services provided by:ERA Summit
997 New Mexico Highway 65,Montezuma, NM 87731
$4,250,000
- 6 Beds
- 6 Baths
- 6,200 sq. ft.
- Single family
- Active
Listed by: ryan d. ferguson
Office: sotheby's int. re/washington
MLS#:202503538
Source:NM_SFAR
Price summary
- Price:$4,250,000
- Price per sq. ft.:$685.48
About this home
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.
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Home facts
- Year built:2007
- Listing ID #:202503538
- Added:106 day(s) ago
- Updated:November 19, 2025 at 04:30 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:4
- Half bathrooms:1
- Living area:6,200 sq. ft.
Heating and cooling
- Heating:Fireplaces, Propane, Radiant, Radiant Floor
Structure and exterior
- Roof:Built Up
- Year built:2007
- Building area:6,200 sq. ft.
- Lot area:74.54 Acres
Schools
- High school:Las Vegas
- Middle school:Las Vegas
- Elementary school:Las Vegas
Utilities
- Water:Private
- Sewer:Septic Tank
Finances and disclosures
- Price:$4,250,000
- Price per sq. ft.:$685.48
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