27 houses for sale in Peñasco

This is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted

This home is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank

Welcome to 89 Riverbend, an extraordinary 4,233-square-foot Pueblo-style retreat on 8.89 private acres above the Río Pueblo de Taos. This home artfully blends architectural authenticity with refined modern luxury, offering sweeping 360-degree views of Taos Mountain, the Río Grande Gorge, and surrounding mesas—spectacular scenery that shifts with every season and hour, creating a landscape truly alive. Thoughtfully positioned to maximize privacy while staying connected to the land, it features a dramatic great room with soaring ceilings and floor-to-ceiling windows framing the river gorge—perfect for hosting gatherings or enjoying tranquil reflection. The formal dining room and cozy family area, complete with a wood-burning fireplace and built-in banco seating, create a warm ambiance that feels both grand and intimate. At the heart of the home is a chef’s kitchen with Viking range, high-end appliances, walk-in pantry, and temperature-controlled wine cellar—an entertainer’s dream. The ex

Fantastic opportunity to own a structure with significant history in the town of Dixon. Situated next to the Metier Studio Gallery and St. Anthony's Church, the main middle section of this home was built in 1638 and of adobe bricks. At this time this area was known as Embudo. On Oct. 12, 1931, President Herbert Hoover issued patents to the owners. It is estimated the studio and cellar were added on to the home in the early 1900's and used as the post office. The Dixon post office opened at this location in 1902. Later in the 1950's, the east bathroom was added on. The entire home was renovated in 2005. The windows are custom made Marvin windows in the living room and bedroom. The ceramic tile is Italian. The home is heated with radiant floor heat and hotwater baseboard heat. The studio has beautiful hard wood floors and utilizes a wall heater for heat. The cellar is the perfect place to store your belongings, canned goods, etc. Dixon is known for its vistas of funnel shaped mountains,

Located in the charming village of Truchas, midway between Santa Fe and Taos along the High Road to Taos, this community is known for its art galleries, spectacular top-of-the-world views, and small grass-alfalfa farms raising cattle, horses, sheep and goats. A beautiful fenced country retreat on over 4 acres with an rammed earth home has beautiful views in all directions. A custom built home with rammed earth exterior walls keep this home cooler in the summer & warmer in winter, viga and latilla ceilings, partially zoned radiant floor heating and hot water baseboard heat, open kitchen, dining and living room area great for entertaining. The primary bedroom and private bath are located on the main floor along with an additional guest bedroom. The third bedroom and studio are situated upstairs and open to the lower level. Large windows to the east, south and west along with French doors give an abundance of indoor light. There are three wood fireplaces, one located in the kitchen, one b

Welcome to one of the most breathtaking settings in northern New Mexico. A beautifully crafted 3-bedroom, 2.5-bath Rastra Block home on 10 pristine acres in the exclusive El Mirador neighborhood of the Taos Stakeout area. Designed and built by respected builder Mark Wilson, La Luz del Fuego (Fire Light) is a custom residence thoughtfully positioned to capture panoramic views of the Rio Grande Gorge, Taos Mountain, the Pedernal, Truchas Peaks, and the rolling foothills that make this region so iconic. Rastra Block construction ensures superb energy efficiency, staying warm in the winter and cool in the summer, while an upscale kitchen, open-concept living and dining areas, and well-designed split floor plan add to the homes comfort and livability. The primary suite features its own fireplace and a spa-like bath. Outside, the transformation of the backyard into a true sanctuary is a masterpiece of design and craftsmanship. Enclosed by a beautifully finished stucco wall, this extraordinar

Introducing La Esencia de El Mirador, a home designed for the essence of entertaining: sharing life, good food, and spectacular views. Located in the peaceful county setting of Ranchos de Taos in the exclusive El Mirador subdivision, La Esencia de El Mirador is an exceptional single-level residence offering approximately 2,600 square feet of refined living space, masterfully crafted by respected builder Ken Wolosin. Known for his quality construction and meticulous attention to detail. A private security gate welcomes you onto the property, immediately setting the tone for the thoughtful design, elevated finishes, and enduring craftsmanship found throughout. Inside, the open-concept floor plan lives effortlessly with no interior steps, elegant porcelain stone floors, and radiant in-floor heating that extends into the expansive 779 sq ft heated garage with storage areas. The inviting living room is anchored by a cozy fireplace and framed by Pella triple-pane R-4 windows, filling the hom

Set on 23 acres in center of the historic village of Truchas, New Mexico—made famous as a filming location for The Milagro Beanfield War—this remarkable property offers privacy, versatility, and sweeping views of the majestic Truchas Peaks and surrounding high-desert landscape. The property includes three separate homes, providing exceptional flexibility for multi-generational living, guest accommodations, rental income, or retreat-style use. Multiple garages and workshops support a wide range of possibilities, from automotive and agricultural needs to artisan studios and home-based business pursuits. A private well and valuable water rights contribute to the property’s self-sufficiency and long-term value. The expansive acreage lends itself well to agricultural, equestrian, or sustainable living opportunities, while also offering peace, privacy, and uninterrupted vistas of the Truchas Peaks—views that define the beauty and character of Northern New Mexico. This is a rare opportunity t

Defining the new standard for luxury in the Southwest, this 4,984-square-foot contemporary estate is as versatile as it is stunning. A high-yielding Airbnb asset, a premier fractional ownership prospect, or the ultimate personal trophy home. Positioned in the heart of the high desert, the home serves as a front-row seat to the Sangre de Cristo mountains. With the golf course as your backyard and the desert's raw beauty as your horizon, this is more than a residence-it is Querencia. Experience the pinnacle of Taos luxury

Set on 23 acres in center of the historic village of Truchas, New Mexico—made famous as a filming location for The Milagro Beanfield War—this remarkable property offers privacy, versatility, and sweeping views of the majestic Truchas Peaks and surrounding high-desert landscape. The property includes three separate homes, providing exceptional flexibility for multi-generational living, guest accommodations, rental income, or retreat-style use. Multiple garages and workshops support a wide range of possibilities, from automotive and agricultural needs to artisan studios and home-based business pursuits. A private well and valuable water rights contribute to the property’s self-sufficiency and long-term value. The expansive acreage lends itself well to agricultural, equestrian, or sustainable living opportunities, while also offering peace, privacy, and uninterrupted vistas of the Truchas Peaks—views that define the beauty and character of Northern New Mexico. This is a rare opportunity t

Creek access, over 4 acres, duel electric meters and irrigation all INCLUDED! This beautiful property includes an updated home built in the traditional style with over 4 acers of irrigated land. With plenty of room to start that hobby farm you’ve always been dreaming of or bring in a second dwelling for a multifamily area, this property includes endless possibilities. The property was recently updated to include new flooring, cabinets, countertops, bathrooms, paint and a new roof. The only thing it’s lacking is those final touches to make it your own. The layout offers loads of light along with an energy saving construction style. In addition to the main house attached is a 150 square foot enclosed art studio perfect for channeling the inter artist or reading a good book while enjoying the natural light. This property is well suited as a primary residence to enjoy the Dixon area year-round or makes for the perfect second home. The 4 acres currently supports a handful of mature fruit tr

This home is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank

Pastoral setting in the lush, green Cordillera area of Taos, this timeless 4,030 sq. Ft. adobe hacienda blends historic character with classic Northern New Mexico craftsmanship. Believed to date back to the 1800s, expanded in 1949 and 1977, constructed of traditional adobe and block, featuring NM's unique features of nichos and lots of built-in storage, 5 wood-burning fireplaces, each with their own special presence and design. 3 bedrooms, 3 1/2 baths on 3.34 serene acres, this home welcomes you with an enclosed front courtyard with an active fountain and a covered back patio, great for relaxing and entertaining while overlooking the pasture. A traditional acequia flows near the back yard providing soothing water sounds and seasonal irrigation that keeps the grounds vibrant. Additional highlights include an original studio with electricity. Ideal for artists, or a private office. And, excellent potential for horse facilities

Experience the character and durability of classic adobe construction in this solidly built 2-bedroom, 1-bath home located in rural Northern New Mexico. Built in the mid-1950s, this 1,300 sq ft residence sits on a 0.23-acre lot and offers timeless Southwestern charm with practical updates. Inside, the home features traditional fireplaces that add warmth and ambiance, along with upgraded windows that enhance comfort and energy efficiency. The sturdy adobe walls provide natural insulation and a sense of lasting craftsmanship rarely found in newer homes. A durable propanel roof adds additional longevity and low-maintenance protection. The property includes a separate garage, covered carport, and multiple storage sheds, offering ample space for vehicles, tools, hobbies, or workshop use. With room to grow and a peaceful rural setting, this property is ideal as a country getaway, full-time residence, or investment opportunity. Priced to sell As-Is, this unique adobe home combines authentic N

Discover your serene mountain retreat in the coveted Chamisal area! This extraordinary 0.75-acre property offers stunning views in every direction, surrounded by lush greenery. Imagine waking up to the soothing sounds of the Chamizal creek, providing a tranquil backdrop to your daily life. With plenty of open space, this parcel offers the perfect opportunity to build your dream home, tailored to your unique vision. Enjoy the ultimate privacy in this secluded haven, nestled in the mountains. Don't miss the chance to create your own oasis in this picturesque location. Seller has never ocuppied the property and is sold as is, sections are for buyer purposes only

A historic opportunity awaits in the small, mountain community of Cordova. This property includes two adobe structures—a main residence and a potential studio—offering a piece of the past for a buyer willing to preserve its original charm. Both structures require critical review. The community benefits from good water and sewer systems, particularly considering the density of this part of Cordova. The buyer will be responsible for all inspections, including the septic system evaluation and any necessary upgrades. The buyer will be responsible for the cost of any additional survey or Improvement Location Report (ILR) required by the title company. Please note: The seller will not conduct any repairs on the property

Log cabin retreat on one acre along the Rio Grande canyon just 20 minutes from Taos. Charming Rio Grande Canyon property located in Pilar, NM, about an hour from Santa Fe, offering privacy, natural beauty, and classic Northern New Mexico character. This 2-bedroom, 1-bath home features warm terracotta tile floors, a beautiful natural wood ceiling, and large windows that bring in abundant natural light and canyon views. The lower level includes a spacious bonus room currently used as a third bedroom with views toward the Rio Grande—ideal for an art studio, creative workspace, or guest area. Outside, enjoy a large deck overlooking the peaceful landscape with mature trees and open space under expansive New Mexico skies. The property also includes a separate casita, offering excellent potential for guest accommodations or rental income. Located near some of Northern New Mexico’s best rafting, fly fishing, hiking, and outdoor recreation, this unique property offers a wonderful opportunity fo

Experience the peaceful beauty of Northern New Mexico in this distinctive Rio Arriba County retreat, where wide-open skies, scenic surroundings, and a tranquil setting create the perfect place to call home. Riced to sell and offered as-is, this is an exceptional opportunity to own a piece of Northern New Mexico at an outstanding value

Near the the charming village of Truchas on the High Road to Taos, the community is known for its art galleries, spectacular top-of-the-world views, slightly cooler temperatures and small grass-alfalfa farms raising horses and cattle. A couple of miles from the village you will find an opportunity to own a private and secluded country retreat on 1.4 acres bordering the 15,000 acre Nuestra Señora del Rosario San Fernando y Santiago Land Grant. It is so quiet here! Spectacular 360 views of the Sangre de Cristo and Jemez Mountain ranges, the Rio Grande Valley below and many, many dark night skies where the stars are clearly visible. This well maintained home is features custom made kitchen cabinets and hand carved beams, a wood stove and brick floors. The floor to ceiling windows on the south side of the home give an abundance of light and passive solar warmth. The primary bedroom is located on the first level. The loft is a large open space that currently servces as a bedroom although wa

Looking for space and fresh air? This property offers over 10 acres with stunning views and a peaceful country setting. With two separate irrigation rights, the land provides excellent opportunities for gardening, farming, or raising cattle. Restore the original family home to its timeless charm or build your dream home to take full advantage of the wide-open space. Conveniently located within an hour’s drive to Los Alamos, Santa Fe, and Taos, and just minutes from hiking, skiing, and camping, this property combines rural living with easy access to Northern New Mexico’s best destinations

Adorable adobe single-level home located in Velarde, on approximately one acre of land. This 3-bedroom, 2-bath property offers approximately 1,100 square feet of comfortable living space with a relaxed country feel. Featuring classic Adobe construction with interior Santa Fe style features, beautiful ceilings with vigas and latillas. Enjoy outdoor living on the patio, perfect for relaxing or entertaining amid peaceful surroundings and taking in the magnificent views in all directions. The property is fully fenced and includes landscaping with a few trees and grape vines, plenty of space for additional gardening or outdoor projects. Storage sheds offer excellent storage or workshop potential. Leave this property on Private Drive 1073 which leads into BLM and National Forest. Hike, Bike or Ride the thousands of acres just steps from your front door. Originally built around 1986, the home has seen several thoughtful improvements since 2021, combining functionality and charm in a peaceful

Perched on a low bluff over the Rio Pueblo on the south side of Taos, NM, sits Dos Rios, an architectural delight. Designed by Robert Rottenberg, a student of Frank Lloyd Wright, in Mid-Century Modern Style, the home and guest cottage enjoy spectacular views and privacy of 11.4 acres. On the rock bluff wall below the home resides the largest, singular collection of native petroglyphs in Taos County. The fishable river has several enticing fishing pools and water rights to irrigate the meadows on the southwestern side. Both the main residence and the guest casita each have two bedrooms and two baths and come furnished. A wrap-around deck with a hot tub overlooks the river and foothills of the Sangre de Cristo mountain range, including Taos Mountain to the north

Live inside a work of art in this Artist's Dream Dwelling in Taos. Welcome to atomica. A home unlike any other. Where art, nature and architecture meet in perfect, unconventional harmony. Designed and built by internationally acclaimed visionary artist Allan Packer, this inspiring Taos retreat is anything but ordinary. The property consists of a house, a guesthouse, and a studio on 3 acres. Organic, off beat and unconventional in the best possible way. Sculpted thick pumice walls and large windows incorporate and frame the stunning views into a magical, serene space imagined to inspire. The layout defies expectation. Fluid and intuitive, built to honor light, shadow and the surrounding land. The main house consists of 2 suites radiating off a large great room made up of an impressive kitchen space and a cozy sunken living room anchored by a whimsical fireplace. Step right out onto the stunning back patio with a firepit, hot tub and jaw dropping views in every direction. The guesthouse

Tucked away on 1.5 acres just minutes from the heart of Taos, this 3-unit dwelling has lush landscapes of mature gardens, fruit trees, and outdoor spaces perfect for relaxing or entertaining under the wide New Mexico skies. With 3 individual homes, it has excellent rental returns. The main house (519 Este Es) is thoughtfully designed 2 bedroom plus flex room/3rd bedroom, 2 bathroom, passive solar home that blends comfort, efficiency, and creativity. Expansive windows bring in year-round natural light, while the homes solar design helps maintain a cozy warmth in winter. Home is remodeled while maintaining the Taos charm with beautiful outdoor living with stucco walls and stamped concrete adds to the beautiful southwest style of the home. Primary bedroom and living area have kiva fireplaces and air conditioning has been added in this home to bring year round comfort. 519A is a two story home with attached 2-car RV height garage. Boasting living and kitchen downstairs with large windows t

Discover a Unique Taos Living and Investment Opportunity! Nestled in Ranchos de Taos, just outside town limits, this exceptional property offers a serene lifestyle combined with a positive, steady rental income. You'll be living in a peaceful neighborhood, yet just 4 miles from Taos Plaza, a half-mile from Holy Cross Hospital, and moments from the Weimer Foothills trails. This unique offering includes four total units. The owner-occupied main home features an open living, dining, and kitchen area with clerestory windows and a loft. The cozy kiva fireplace, a two-story chimney before a sunken living area, was crafted by renowned artisan Carmen Velarde and inspired by the iconic Taos Inn. Enjoy abundant natural light and an upstairs loft/studio with a large second-story viewing deck offering breathtaking mountain views, including Taos Mountain, and stretching all the way to Colorado. Perfect for watching spectacular sunsets and stargazing. The main home was beautifully remodeled in 2018,