58 CR 120, Espanola, NM 87532

NEW PRICE - $649,000! | PRICED BELOW APPRAISAL Own a Piece of Northern New Mexico History - and Create Your Vision. Discover a truly special property in coveted La Mesilla, where history, open land, agriculture, equestrian living, and endless possibilities come together on 5.057 acres. At the heart of the property is a thoughtfully updated 1918 adobe home filled with authentic Northern New Mexico character, including exposed vigas, a traditional Kiva fireplace, remodeled kitchen and bath, updated electrical and plumbing, and new Accent windows throughout. The home offers the flexibility to serve as a primary residence, guest retreat, studio, or potential casita. But the real opportunity is the land and infrastructure. Once operated as a horse breeding ranch, the property is ready for someone to bring that lifestyle back. A four-stall horse barn, hay barn, greenhouse, chicken coop, workshop/office, cool storage, additional outbuildings, fenced areas, irrigated pasture/orchard, agricultural water rights, and irrigation infrastructure provide an incredible foundation for an equestrian or agricultural homestead. An owned 12-panel tracking solar system, private well and septic, water filtration, and upgraded well equipment add even more value. Enjoy breathtaking views toward the Santa Fe National Forest and Jemez Mountains, abundant wildlife, privacy, and the peaceful character of rural Northern New Mexico-yet you're only minutes from Espanola with easy access toward Santa Fe and Los Alamos. Whether you envision a private retreat, horse ranch, agricultural homestead, guest/casita property, or future estate, this is an opportunity to create something truly your own. 5.057 acres. Water. Solar. Equestrian potential. Mountain views. Endless possibilities.