The Most Expensive Homes for Sale in New Mexico

A land of vibrant culture, rich architecture and unparalleled natural landscape, New Mexico’s real estate market is booming. April homes sales were up 40% year-over-year, while median prices grew nearly 10% over the same period, according to the latest data from the REALTORS Association of New Mexico. Santa Fe in particular is experiencing a real estate boom, ranking as the hottest global market for luxury second homes, per Christie’s International Real Estate, with sales volume in the luxury home category reaching pre-Recession levels.

As a result, it’s not surprising that the majority of New Mexico’s most expensive homes for sale right now are located in vibrant Santa Fe. Ranging in price between $4,500,000 and $13,650,000, these luxurious estates showcase exquisite Pueblo architecture and art, with kiva fireplaces a must. Views of the Sangre de Cristo and Jimenez Mountains, guest houses, pools, portales are also popular, along with equestrian facilities, country kitchens, art spaces and sprawling acreages.

As for the #1 most expensive home for sale in New Mexico right now, that luxurious home showcases an Addison Mizner-inspired library, 13 fireplaces, a private bridge and decadent dual master suites basking in uninterrupted views of the Sangre de Cristo.


10 Altazano Drive, Santa Fe

Asking price: $4,900,000

Originally built in the 1920s, the historic Casa La Luna estate was expanded by famed architect Meisa Batayneh with a state-of-the-art wing. The 7-bed home now totals 13,400 square feet and boasts Santa Fe’s only Olympic-length indoor swimming pool. The landmark estate also features a chef’s kitchen with butler’s pantry, oversized walk-in closet, 6 fireplaces, a three-story lounge with fitness area and a reproduction of the mosaics found in Jordan’s Mount Nebo ancient church.

Luxurious amenities continue outdoors as well, with a tennis court, a life-size chess set, a sundial, and a fire pit, with walkways meandering through landscaped gardens.  Several oversized terraces provide ample space for outdoor entertaining with views of the Rio Grande Valley and the Sangre de Cristo and Sadia Mountains.


Hacienda Bella Vista, Santa Fe

Asking price: $4,995,000

On the market now with an attractive $1 million price cut, the 51-acre Hacienda Bella Vista estate offers a private retreat-like living experience with stunning views of northern New Mexico’s mountain ranges, including snow-capped peaks. The chef’s kitchen complete with butler’s pantry, 350-bottle climate-controlled wine cellar, media room and formal entertaining areas are perfect for hosting, and are augmented by a portal with an outdoor kitchen, a living room with a fireplace and a dining room.

Exposed beams, fireplaces, oversized windows and shady porches abound throughout the main home, while the master suite boast a private gym. The estate also features a library, an in-home office and a guest house located at the end of a walkway for maximum privacy.


2 Cerro Gordo Road, Santa Fe

Asking price: $6,100,000

2 Cerro Gordo © Team Neil Lyon & Roberta Lowe

Situated on 1.25 acres just minutes from Santa Fe’s historic Plaza, this 6-bed estate is an iconic part of Santa Fe’s storied past. A blend of Spanish Revival, Southwestern and northern New Mexico styles, the estate is the result of 25 years of restoration. The unique property is perfect for anybody seeking true pueblo surroundings, with its kiva fireplaces, adobe walls, exposed beams and lush gardens with native landscaping.

Made for entertaining, the property comprises a 5,812-square-foot main home, a 1,260-square-foot guest house and a 970-square-foot studio, giving a total of more than 8,000 square feet of living space. The estate also features a traditional adobe chapel, equestrian facilities–including stables and a barn–a library housed in a separate detached building, as well as a 4-car garage.


El Rancho De La Mariposa, Taos

Asking price: $6,500,000

El Rancho De La Mariposa © Jonathan Tercero –

Just 1.5 miles from downtown Taos, El Rancho De La Mariposa is the perfect property for an art lover ready to dive into a new project. Situated on more than 14 lush acres courtesy of an underground irrigation system, the estate features a 14,415-square-foot museum. Attached to an art studio from 1929, the museum features specialized lighting, climate-control and sliding art storage in its 3,783-square-foot basement.

The 14,669-square-foot main residence features two indoor pools, an elevator, library and grand entertaining spaces. Built in the mid-30s, the home showcases Art Deco light fixtures, wrought-iron window grills and hand-carved wooden details. The 12-bed Pueblo-style estate also boasts a 1,554-square-foot guest house, 5 fireplaces, including kiva fireplaces, a carriage house and terraces, along with garage parking for 5 cars as well as RV parking.


354 Country Road #B31A, Ribera

Asking price: $6,999,000

Blame Her Ranch (Where She Is Never Wrong) is the perfect retreat for those looking for a slower pace of life in the vein of traditional New Mexico ranching. 45 minutes from Santa Fe, 7,000 feet high in the Glorieta Mesa, Blame Her Ranch offers 1,630 acres of panoramic mountain views, pasture lands, seasonal ponds, ponderosa pine and pinon woods, endless acres of wild northern New Mexico landscape, as well as equestrian facilities bordering the 1.6-million-acre Santa Fe National Forests.

The main residence is a 7,900-square-foot luxurious lodge-style log home with nine bedrooms, a country chef’s kitchen, an in-home theater, a fully-equipped fitness center, and a home office. The living room ceilings here reach 28 feet high, while an oversized entertainment lounge evokes saloons with its poker and billiards area, game room and full bar. The estate also includes a woodfired hot tub, a cliffside swimming pool, a golf driving range, a skeet shooting platform, fire pits, an 18,000-square-foot lawn, a greenhouse and an orchard.


Apache Mesa Red Valley Ranch, Coyote

Asking price: $7,900,000

Apache Mesa Red Valley Ranch © Kevin Bobolsky

Touted as “one of the most unique ranch properties available in the Western United States,” the 1,060-acre Apache Mesa Ranch is ideal for those looking to live in traditional Old Mexico surroundings with all the comforts of modern life. Close to the famed Ghost Ranch and the town of Abiquiu, the 8-bed estate includes a main residence, a carriage house, a guest house and a studio for a total of 9,637 square feet of living space.

For a true northern New Mexico experience, owners enjoy equestrian facilities including a riding arena and riding trails. A grapevine-covered pergola creates a shady lounge area on the back terrace, while the outdoor spa and pool afford views of the sprawling acreage and the Jemez Mountains and Cerro Pedernal peak.


5200 Old Santa Fe Trail, Santa Fe

Asking price: $7,900,000

5200 Old Santa Fe Trail © Christine McDonald

On the market now with a whopping $1.85 million price reduction, this 7-bed estate overlooks Santa Fe from the foothills of the Sangre de Cristo Mountains, adjacent to the Quail Run golf course. Amenities include garage parking for 11 cars and RV parking, as well as equestrian facilities, including stables, riding rings and paddocks. The 36-acre estate boasts a pool and spa oasis, outdoor fireplaces, as well as an outdoor bar, a living room and multiple al fresco dining areas. Golf facilities include putting and golfing greens, five tee boxes, as well as an indoor putting green and swinging cage.

The main residence was built in the 1940s and the traditional pueblo architecture was maintained throughout the expansions and upgrades that added the in-home theater, rustic gourmet kitchen, fitness center, walk-in closet, three offices, and spa bathroom. In addition to the 10,000-square-foot main home, there is also a 1,400-square-foot guest house complete with 2 bedrooms, kitchen and indoor and outdoor fireplaces, as well as a 2-bed caretaker’s home with kitchen and kiva fireplace.


12 Avenida De Rey, Santa Fe

Asking price: $9,900,000

12 Avenida De Rey © Robert Cardinale

Just 20 minutes from the historic Santa Fe Plaza, this nearly 220-acre, fenced-in estate serves up views of the iconic Jemez and Sangre de Cristo Mountains, along with a 12-stall stable complete with staff quarters. The Pueblo-style 5-bed estate boasts two 3-car heated garages and a bus garage, a green house, a workshop and a caretaker’s office. Overnight visitors can enjoy a 1,516-square-foot guest house.

The 8,750-square-foot main residence showcases 10 fireplaces, a pool lounge with recreation area, an in-home office, a media room, a country kitchen, generous storage space and outdoor entertaining areas. The estate also features a nearly 2,000-square-foot studio with an indoor shooting range, TV production facilities, an indoor bowling alley and a private fitness center. An outdoor pool, surrounded by landscaping and portales, offers the perfect retreat from the scorching sun.


435-441 443 Acequia Madre, Santa Fe

Asking price: $9,950,000

Located in Santa Fe’s historic Eastside, this 1.75-acre property is an ode to Northern New Mexico’s stunning architecture. Known as the Matteucci compound after its last owner, art expert Nedra Matteucci, the 20-bed estate was initially created as a gallery by Nicolas Woloshuk, then expanded by art dealer and author Forrest Fenn. Today the compound showcases 18 galleries, offices and storage areas, a sculpture garden and three guest homes along with the main residence, many created with reclaimed materials.

The landmark estate boasts a wine cellar, library/billiards room, greenhouse, kiva fireplaces, terraces, balconies and water features, including a large pond and waterfall. Gathering spaces abound both indoors and out, allowing for events to showcase the estate’s rich art and stunning architectural details.


196 Circle Drive, Santa Fe

Asking price: $11,500,000

Originally built in the 1930s for New Mexico Governor John Dempsey, this 11-acre gated estate is known as The Opera House for its famous Santa Fe Opera parties. The 6-bed main residence–known as Casa Alegre–is joined by three guest houses for a total of 10 bedrooms across 12,208 square feet of indoor living space. Named Casita Bonita, Casita Chiquita and Casita Dulce, each guest house features its own kitchen, living room and one or two bedrooms.

The Pueblo Revival estate features a gourmet kitchen, several terraces and patios, and generous entertaining areas, including an outdoor living room complete with fireplace, barbecue and al fresco dining area. The full-size tennis court boasts a covered lounge, while walkways meander throughout the lush landscaping that includes terraced gardens and mature trees.


117 Tesuque Ridge, Santa Fe

Asking price: $13,650,000

Nestled in the hills above Santa Fe, this 16+ acre estate ranks as New Mexico’s #1 most expensive home for sale right now. The 14,000-square-foot main residence offers an otherworldly living experience with uninterrupted views of the Sangre de Cristo, 13 fireplaces, shady portales, loggias, an abundance of skylights, use of reclaimed materials and antique touches. The heart of the home is the generous family room and the gourmet kitchen that also includes a stone breakfast room and a walk-in pantry.

Owners enjoy a lavish master wing with dual master suites, complete with oversized walk-in closets, spa bathrooms, a kitchenette and a private patio. The home also boasts a master guest suite, a craft room, an Addison Mizner-inspired library, and an oversized 3-car garage. Away from the main residence, a 2-bed guest house affords abundant privacy with a private patio, kitchenette and separate laundry facilities.

The 6-bed estate can be accessed via a bridge that spans an arroyo. The generous grounds include a vegetable garden, fruit trees, grassy lawns, flower gardens and mature aspens. The abundant outdoor living space offers up spacious terraces as well as private patios, water features, an outdoor living room complete with fireplace, paved walkways, terraced gardens and an outdoor kitchen.

Fair Use Statement

We invite you to share this information about New Mexico’s most expensive homes for sale with your readers. When you do, we ask that you provide a link back to this page, so your readers can learn more about this project and view any additional research.


In order to determine which were the most expensive homes for sale in New Mexico, we looked at all residential properties listed for sale, taking into account condo, co-op, and single- and two-family homes. All package deals were excluded.

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza writes for both PropertyShark and CommercialEdge. Reach her at [email protected]

Leave a Reply