196 Circle Drive, Santa Fe, NM 87501
Local realty services provided by:ERA Summit



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
Office:barker realty, llc.
MLS#:202501197
Source:NM_SFAR
Price summary
- Price:$15,000,000
- Price per sq. ft.:$1,228.7
About this home
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.
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Home facts
- Year built:1930
- Listing Id #:202501197
- Added:135 day(s) ago
- Updated:August 08, 2025 at 04:42 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:11
- Full bathrooms:3
- Half bathrooms:4
- Living area:12,208 sq. ft.
Heating and cooling
- Cooling:Central Air, Refrigerated, Separate Meters
- Heating:Fireplaces, Forced Air, Natural Gas, Radiant Floor
Structure and exterior
- Roof:Flat, Foam
- Year built:1930
- Building area:12,208 sq. ft.
- Lot area:11.3 Acres
Schools
- High school:Santa Fe
- Middle school:Milagro
- Elementary school:Carlos Gilbert
Utilities
- Water:Cistern, Private, Public
- Sewer:Public Sewer, Septic Tank
Finances and disclosures
- Price:$15,000,000
- Price per sq. ft.:$1,228.7
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