Real Estate & Homes for Sale in 87041

11 Calle Escuela Vieja Road, Pena Blanca

Discover authentic New Mexico character and endless possibilities on this private 1.55-acre property surrounded by beautiful cottonwood trees. Rich with Old Santa Fe charm, the property showcases traditional architectural details including vigas, wood ceilings, plaster-style wall finishes, a kiva fireplace, brick flooring, and warm natural wood accents throughout.The main adobe home offers two bedrooms, a full bath, inviting sunroom, and a beautiful kiva fireplace that adds warmth and classic Southwestern character. The main home is ready for a new owner to bring their vision and updates while preserving its distinctive Southwestern charm.A separate casita provides wonderful flexibility for multigenerational living, guests, or a private retreat. The casita features a kitchenette, 3/4 bath with gorgeous tile work, brick flooring throughout, and attached storage. The casita will benefit from repairs and updating, offering an opportunity to enhance this additional living space to suit the new owner's needs.A third detached building, constructed approximately 20 years ago, offers a beautifully finished studio featuring wood floors, wood windows, and the same striking viga and wood ceilings that complement the property's traditional style. An oversized detached garage provides even more versatility with two large workshop or craft rooms--ideal for hobbies, projects, storage, or creative space.Situated on approximately 1.55 acres in a peaceful and private setting surrounded by mature cottonwood trees, this unique property offers multiple buildings and an abundance of flexible space. Ditch water rights will convey with the property, adding another valuable feature to this special New Mexico property.With its authentic adobe character, multiple living and creative spaces, and beautiful setting, this property presents an opportunity for a buyer who appreciates traditional New Mexico architecture and is ready to restore, update, and make it their own.

Tract 12B, Pena Blanca

Opportunity awaits with this spacious 16.44-acre vacant lot, ideally situated in a desirable market area. The property features a rectangular shape with primarily flat topography, making it well-suited for a variety of development possibilities. Located in a community known for its average to good quality single-family homes, this lot offers potential for residential expansion or investment. With its generous size and easy-to-build terrain, this lot provides a perfect canvas for custom home construction, a residential subdivision, or other similar projects. Whether you're a developer or a homeowner seeking a peaceful setting, this property presents an excellent opportunity to build in a growing area.

Tract 11, Pena Blanca

Opportunity awaits with this spacious 16.44-acre vacant lot, ideally situated in a desirable market area. The property features a rectangular shape with primarily flat topography, making it well-suited for a variety of development possibilities. Located in a community known for its average to good quality single-family homes, this lot offers potential for residential expansion or investment. With its generous size and easy-to-build terrain, this lot provides a perfect canvas for custom home construction, a residential subdivision, or other similar projects. Whether you're a developer or a homeowner seeking a peaceful setting, this property presents an excellent opportunity to build in a growing area.

8 Los Sandovales, Pena Blanca

HUGE PRICE REDUCTION! Timeless New Mexico charm meets modern luxury in this extensively renovated estate on 1.5 fully enclosed acres with gated access. Thoughtfully reimagined within the past two years, the main residence showcases quality craftsmanship throughout, including new windows, updated electrical and plumbing systems, lighting, fixtures, outlets, flooring, fresh paint, and beautiful diamond plaster walls that create a refined custom finish. The spacious primary suite features an oversized walk-in closet with custom shelving, offering exceptional storage and organization. Every detail has been carefully selected to blend modern comfort with classic Southwestern character. Adding tremendous versatility is a beautifully renovated 925-square-foot detached casita featuring the same high-qualityfinishes as the main home. Complete with one bedroom, a bonus room, kitchenette, and updated bath, it is ideal for guests, multigenerational living, a home office, or potential rental income.The fully enclosed 1.5-acre property offers privacy, security, and room to enjoy the outdoors, with multiple access gates providing convenience for vehicles, RVs, trailers, or recreational equipment. Whether you're seeking a private retreat, an income-producing opportunity, or space for hobbies and entertaining, this exceptional property delivers the perfect combination of modern updates, flexibility, and New Mexico character.