This cherished Territorial-style adobe home rests on a peaceful 1-acre parcel in the heart of the Peñasco Valley, offering southern exposure and natural drainage—ideal conditions for food production, outdoor living, or keeping livestock. With a rare blend of traditional Northern New Mexico craftsmanship and thoughtful modern updates, this home was lovingly built by the original owner as a handcrafted gift for his daughter—a true testament to cultural heritage and reverence for the land. Constructed in the classic Territorial tradition, the 3 bedroom, 2 bath home features thick adobe walls for natural insulation, reclaimed wooden vigas and beams, and a pitched metal roof installed in 2015. A private domestic well and adjudicated irrigation water rights support gardening, orchards, or small-scale agriculture. Nestled at the end of Roybal Road, the property enjoys expansive sky views and quiet privacy. It is located off the scenic High Road to Taos, just 40 minutes from Taos, 60 minutes from Santa Fe, and 15 minutes from Sipapu Ski Area and Dixon wineries. Whether envisioned as a homestead, artist’s retreat, or seasonal basecamp in the Sangre de Cristo foothills, this property offers a soulful connection to land, culture, and craft.
Magical Multifamily & Commercial Front Property in Peñasco ~ Too Good to Be True ~ 14197 NM-150 isn't just a home; it's an investment of a lifetime; two distinct residences that can be connected as one, with a road front gallery space ready to go for immediate income. The location offers the idyllic New Mexico lifestyle and the property has immediate built in income generating potential. The upstairs welcomes you into a charming 2,000+ sqft haven, containing a spacious living room with gleaming oak wood floors, a light-filled open-concept kitchen, and an inviting dining area, kept comfortable by recently installed mini splits that provide the perfect temperature (heating & cooling) all throughout the year. Two wood burning wood stoves and a sunroom provides additional warmth and coziness on cold winter days. For the aspiring artist, craftsperson, shop owner and so forth, the attached studio at the front of the residence near the famous highway could easily become your commercial space or art gallery, generating even more income. The residence is being listed well below a recent appraised value of $530k as of June 18th, 2025. Downstairs is an immaculate and generously sized 1400 sq ft two-bedroom apartment. This connected or self-contained unit boasts an open-concept kitchen with authentic Saltillo floors, a highly functional kitchen with custom cabinetry, and an open living room kept cozy by the stone fireplace. Each unit has its own private washer & dryer. With its proven track record as a highly-rated Airbnb and being offered fully furnished, the short-term or long-term rental possibilities are truly remarkable. The property even features a salt water hot tub among poppies blooming in the springtime. The traditional root cellar for storing all your canned goods is a special feature of the property, as is the fully powered and highly functional detached workshop ready to go for a number of hobbies, extra storage, or yet another income stream. There is an established animal pen with a chicken coop out front and succession of perennials blooming throughout the warm season in the gardens. Nestled in the charming village of Peñasco, you’re steps away from local favorites like Sugar Nymphs restaurant and the Peñasco Performing Arts Theater. Outdoor adventures abound with Sipapu Ski Resort, Santa Barbara Campground, Dixon Cooperative Market, and renowned wineries like Chiripada and Vivac all nearby. This is truly a must-see opportunity to own a versatile, income-generating property in the heart of Northern New Mexico. Are you ready to seize this unique opportunity?
Nestled in a grove of ponderosa pine and embraced by the fresh mountain air of the Sangre de Cristo Mountain range, this property offers more than a view, it offers a way of life. The private road leads you to a unique home, resting perfectly in-tune with its environment. This home is located on the southern end of the Rocky Mountains, just 30 miles south of historic Taos, NM. It neighbors the Carson National Forest & Pecos Wilderness. It stands amongst a restored ponderosa pine forest. Two natural earth-fed springs. Numerous ponds created specifically to provide water to wildlife & for erosion control. This spacious ranch provides twenty +- acres of flood irrigated pasture from two acequias & 14+- acres of dry pasture. Registered with New Mexico Fish & Game for landowner elk tags in Unit 45 and is located within 60 to 70 miles of 5 ski resorts, namely Sipapu, Taos Ski Valley, Angel Fire, Red River and Ski Santa Fe. This log cabin lodge is newly built! It boasts a 27-foot cathedral ceiling,3 bedrooms, 2 bathrooms, hot tub, wood burning stove, and a 4-car garage/workshop with a bonus room upstairs, within its approximate 3500+- square feet, with an additional 1,200+- square feet of flawless decks - perfect for small intimate dinners or larger sophisticated gatherings. The 12-inch logs and floor plans that foundationally support this home were purchased from Montana Custom Log Homes Inc, the acclaimed creators and designers of custom-built, versatile, and handcrafted homes for generations. A view of hundreds of square miles of northern New Mexico valleys & mountains are out the west facing windows. Sunsets are glorious! Underground utilities, highspeed fiberoptic internet, cisterns for water catchment, 25 x 25 carport and so much more. Property excellent for that unique family get a way, secondary or primary home compound, or corporate retreat, the use is endless. A truly special and unique property awaits you! Don’t miss out! Schedule your viewing today.
Penasco is located in New Mexico. Penasco, New Mexico has a population of 1,357. Penasco is less family-centric than the surrounding county with 10.71% of the households containing married families with children. The county average for households married with children is 14.47%.
The median household income in Penasco, New Mexico is $35,313. The median household income for the surrounding county is $49,481 compared to the national median of $69,021. The median age of people living in Penasco is 42.2 years.
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 17.3 inches per year, with 53.8 inches of snow per year.
